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MACC101 Financial Accounting and Reporting

Financial accounting is a branch of accounting that focuses on the summary, analysis and reporting of financial transactions related to a business. Shareholders, vendors, banks, staff members, governmental organisations, business owners, and other stakeholders are all interested in obtaining this information for decision-making. Financial Reporting is the practice of documenting and communicating financial activities over a period of time, usually on a quarterly or yearly basis.

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