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Fundamentals of Accounting 1.01 MEANING AND DEFINITION OF ACCOUNTING Accounting is an art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are of a financial character and interpreting the result thereof. This is an introductory course on financial and management accounting. It conveys the financial position of the firm or business to anyone who wants to know. Accounting is the language of finance. Retail Accounting and Financial … Business cannot run in isolation. … 2. Read reviews from world’s largest community for readers. Its conversational writing style makes it easy to … Career Links View related careers. 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