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Ancial accounting. LO2 Identify the three fundamental business activities that financial accounting LO3 LO4 LO5 LO6 measures. Discuss how financial accounting information is communicated through financial statements. Describe the role that financial accounting plays in the efficient distribution of society s resources. Explain the term generally accepted accounting principles (GAAP) and describe the role of GAAP in financial accounting. Identify career opportunities in acc.

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