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Career Fair

In: Business and Management

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Career Fair
Mike Russell
AIU Online Abstract
Accurate accounting and the understanding can make or break your company or organization; not to mention possible jail time in the worse cases. The first way of ensuring accurate accounting is understanding the objectives. The second way is to understand the terminology of the accounting process and in the financial reporting aspects. The third way is to understand the ethics behind the accounting and reporting process. The forth way is to impement your role in the accounting process. Career Fair The primary objectives of accounting, basic terminology in the accounting process, the financial reporting, the ethics and the individual role each of us can play in the accounting process will be discussed in the following paragraphs. There are a multitude of things that happen at once but this will cover the basics for this career fair.
Primary Objectives of Accounting
There are a couple of ways businesses stay afloat by being financially stable and earning income. The process of financial information and conducting the financial record up keeping are vital to any organization, ensuring transparency of all information at the guidelines require you to prepare and produce them. The accounting cycle and the operating cycles are your intervals for reporting financial information. "This information is generally used by internal and external stakeholders to measure the organization's fiscal health" (M.U.S.E. Accounting Principles, 2013). The cycles and requirements are directed by the General Accepted Accounting Principles and by following these guidelines it allows your organization and shareholders to make financial decisions. This information requires you to summarize and record the organizations information daily without fail into the ledger system. This ledger will vary depending on your organization, however it...

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