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Accounting is the science (perhaps art) of measuring and communicating financial information about companies in business. Accounting is the language of finance. There are several branches of Accounting:
- Financial Accounting - This is the study of measuring financial information and reporting it accurately.
- Managerial Accounting - This is the study of using financial information to make decisions
- Auditing - Auditing is the process of checking statements for accuracy and integrity.
- Tax Accounting - is the study of using accounting to form a tax strategy.