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It reports, in aggregate financial terms and during a given period, the overall results of the operations of the organization, highlighting especially, the financial strengths and weaknesses. A good manager should be equipped with the knowledge and tools required to present and analyze financial reports.
The course contents in this book include introducing financial accounting – meaning, purpose/focus, comparison between financial accounting and management accounting; financial statements and analysis; accounts of sole proprietorships; companies, partnerships, and non-profit organizations; manufacturing and control accounts; and funds flow statement. .
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