(Answered) Communicate financial information

Management Studies

Accounting is the system a business uses to identify, measure, and communicate financial information to others inside and outside of the company.

Review the section of the textbook in chapter 17 titled, Understanding Accounting.

With your fellow classmates discuss and answer the following scenario:

The senior partner of an accounting firm is looking for ways to increase the firm's business. They feel that expanding what is offered would be a good start.

What other services besides traditional accounting can the firm offer to its clients?
What new challenges might this additional work create?
What services would you suggest they provide?

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