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Module 1: Accounting information

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Understanding and using accounting information

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Accounting - Understanding and using accounting information

Understanding and using accounting information

An understanding of the accounting system is an important first step in
this topic.

Three basic steps

Basically this topic is about Output. The data (input) has been collected
and sorted into records from which reports have been prepared (process) and
now it is up to you to use that information to make decisions (output).

There are several steps in using output:

Using output

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