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Financial Accounting
The field of accounting focused on the preparation of financial statements for external stakeholders, adhering to standardized guidelines to accurately reflect a company's financial condition.
Managerial Accounting
The field of accounting focused on providing financial information within a company to assist in decision-making and budget management.
Timeliness
The quality of providing information or taking action within an appropriate or expected time frame, often critical for decision-making processes.
Total Quality Management
A management approach focused on improving the quality of an organization's outputs, including goods and services, through continual improvement of internal practices.
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