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Q: Explain what you understand responsibility accounting to mean and its importance to an organisation?
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Take Business Accounting To Prepare for A Human Resources Degree?

By taking courses in business accounting, you will be able to understand the different staffing requirements for most business structures. Every business department is affected by accounting. An appreciation of accounting procedures will help you understand the importance of the various levels of business staffing.


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Accounting theory is very important in helping people to understand the basis and policies in accounting. From understanding the rules of GAAP to exploring the origins of accounting, being a good accountant involves understanding the theories that support the practice.


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What do you understand by the term?

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Cost accounting involves collecting, analyzing and summarizing various courses of action. Then, accounting advises the management on what to do.


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Why should you understand finance or accounting?

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