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FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES AND CONCEPTS 2024 ACCOUNTING - Planning; Recording; analyzing; interpreting financial information. PLANNING DECISIONS - Financial information is used to determine future actions. Historical information provided by the accounting process serves as a basis for forecasting. CONTROL - Using financial information to evaluate the results of financial activities. THE FUNCTION OF ACCOUNTING - 1. The value added to the networth of a person/en...

FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES AND CONCEPTS ACCOUNTING - Planning; Recording; Analyzing; Interpreting financial information. PLANNING DECISIONS - Financial information is used to determine future actions. Historical information provided by the accounting process serves as a basis for forecasting. CONTROL - Using financial information to evaluate the results of financial activities. THE FUNCTION OF ACCOUNTING - 1. The value added to the networth of a person/entity du...