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The Process of Accounting, Non-Financial information- employees absentee -…
The Process of Accounting
What is accounting?
Recording
Reporting
Collection
Stakeholders
Owners
Management
Employees
Investors
ATO
Creditors
Why is accounting needed?
Accounting is needed to provide useful information to management.
Ensuring that one stays inside and in check with government regulations.
Accounting Process
Outputs (Reporting)
Processing (Recording)
Input Source Documents
Evaluate and Interpret
Non-Financial information- employees absentee