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Explain who uses financial information. Differentiate between financial accounting and managerial accounting. How do GAAP, the FASB, and the IASB influence the accounting industry? 4.
- Explain who uses financial information.
- Differentiate between financial accounting and managerial accounting.
- How do GAAP, the FASB, and the IASB influence the accounting industry?
4. 3
- Explain the accounting equation.
- Describe the six-step accounting cycle.
- What role do computers and other technology play in accounting?
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