Clemson acct 3110 exam 1 - Study guides, Class notes & Summaries

3 Essential Characteristics of Accounting 1. identification, measurement, and communication of financial information about 2. economic entities to 3. interested parties Financial Accounting process of preparing financial reports for use by the internal and external users Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Managerial Accounting process of identifying, measuring, analyzing, and communicat...