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Lecture Notes. We explain accounting principles in a simple way. Macroeconomics - is concerned with the aggregate performance of the entire Financial accounting topics include recording financial transaction, creating financial statements, the study of cash and internal controls. A 3 statement model links income statement, balance sheet, and cash flow statement. More importantly, you will possess the conceptual base to keep learning more sophisticated accounting and finance on your own.

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Financial accounting is primarily concerned with the preparation of financial statements whereas management accounting covers areas such as interpretation of financial statements, cost accounting, etc.

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Fundamentals of Financial Accounting

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