XACC 280 Week 1 - DQ 1 - 8042

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In your own words, how would you describe financial accounting?

Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they benefit. 

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Financial accounting is the focus of providing accounting reports and breakdowns to other areas of a business in order to provide economic events. The company financial statements are issued by the financial accountant. The key goal of financial accounting is to provide precise, trust