Explain the Second Branch of Accounting Financial Accounting

question 1

Essay

Explain the second branch of accounting financial accounting. in terms of its target audience and main objective.

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Definitions:

Differentia

The trait or set of traits that distinguish one species from another within a genus or one entity or concept from another within a classification.

Type

A category or class of things that share common characteristics or attributes.

Referents

Objects or concepts in the world to which words, phrases, or symbols refer or denote in language and thought.

Differentia

The characteristic or set of characteristics that distinguishes one species or entity from another, especially in taxonomy or logic.