(Answered) Assignmentin a 1000-1250 word paperdescribe the role of

Accounting

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In a 1,000-1,250 word paper,

Describe the role of financial accounting in contemporary business. Provide one specific, real-life example of how financial accounting helps external stakeholders make informed decisions. Also, describe the role Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB) plays in financial reporting in the United States.

APA FORMAT WITH 3 SCHOLARLY REFERENCES.

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