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Accounting training is the art of systematic and comprehensive recording, summarizing, reporting, and analyzing financial transactions of a business.Online accounting courses provide the base upon which daily and long-term decisions could be made as it helps to know where the company stands in terms of wealth, profitability and liquidity. The financial statements summarize a company’s operations, financial position and cash flows over a particular period and generates reports that help the company’s management make informed decisions to keep the business financially healthy.
The person who handles this function in the organization is called as an accountant or a bookkeeper. It is used to communicate the financial position of a company to its clients, investors or all other interested parties. It can be considered as the starting and an important step in order to make daily and long-term decisions.
There are a certain set of standard accounting principles that need to be followed by all organizations, which also brings uniformity, making it easy for a direct comparison. Accounting is one of the oldest professions and seen in every industry. تحديث بتاريخ 23 March, 2023