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Financial Accounting
The field of accounting that focuses on the summary, analysis, and reporting of financial transactions pertaining to a business to external users.
Managerial Accounting
The area of accounting focused on providing financial data and advice to company managers for decision-making purposes.
GAAP
Generally Accepted Accounting Principles encompass a series of standard accounting practices and rules for the creation of financial reports.
Financial Accounting
The field of accounting that focuses on providing information to external users such as investors, creditors, and regulators, primarily through financial statements.
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