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Here, we are providing the introduction with unit Accounting Processes and Systems, have a look at it and learn it more precisely -

Unit Accounting Processes and Systems is the study of material used in business reporting and analysis. It allows the detailed study of learning the technical and different concepts used for preparing financial and management accounting reports. It includes the study of costing methods, applications of accounting principles and double-entry accounting systems used for recording financial transactions. It includes learning topics such as applications of accrual accounting, principles of internal control, asset valuation, accounting for assets and liabilities, asset valuation and income measurement.

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You can learn about -

• Understanding assumptions for accounting information
• Applying accounting principles for preparing and recording accounting information
• Applying the principles of internal control
• Assigning costs to production
• Accounting for contributions of capital
• Profit distributions for partnership and companies
• Developing and improving soft skills
• Analyzing accounting cycle of small business

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