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Sagot :
According to sfac no. 2, "qualitative characteristics of accounting information", understandabilityis "the quality of information that enables users to perceive its significance."
Accounting is a time period that describes the procedure of consolidating financial facts to make it clean and comprehensible for all stakeholders and shareholders. The principle aim of accounting is to record and document a business enterprise's financial transactions, monetary performance, and coins flows.
Accounting, also called accountancy, is the dimension, processing, and verbal exchange of financial and nonmonetary information approximately monetary entities inclusive of groups and corporations.
The median annual wage for an accountant is well above the countrywide median common for occupations. The top-paying industries for accountants consist of finance and insurance, management of agencies and firms, tax coaching, and the government.
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