Accounting is a methodology by which accounting information is processed and communicated to a decision maker. The discipline of accounting studies is vast, and includes accounting theory, auditing, statistics, and application of methods and principles to accounting. Auditing is one branch of accounting that attempts to ensure that the process of accounting is reliable. The aim is to provide knowledge of the financial condition of a company to investors and stakeholders. Statistics provide information on trends and patterns that are helpful in the analysis of accounting data. Accounting information is essential for decision making, management of resources, and planning for the future.Generally, accountants use several methods to arrive at accounting information. Generally, an accountant cr
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The word business refers to any entity or organization engaged in business that essentially deals with the procurement of raw materials, working capital, and profit. Businesses may be for profit organizations or non-profit enterprises. Regardless of the nature of the business, it seeks to generate income through production, sales, and service.In terms of legal structure, the term business includes corporations, partnerships, LLCs, and sole proprietorships. Business entities are established for various reasons, but one of the most important reasons is to create a standing credit line that will allow businesses to obtain credit at low interest rates. Many business plans also include the borrowing of funds from other investors. This borrowing is referred to as venture capital.Every state requ
Read MoreThe word business refers to any entity or association engaged in professional, commercial, or agricultural activities for profit. Business enterprises may be either for-profit or non-profitable organizations. Examples of such enterprises include retail stores, hotels, restaurants, banks, publishing houses, sports franchises, software development firms, telecommunications companies, manufacturing manufacturers, and service providers. In recent years, the fast growing Internet technology has made business easier than ever before. In fact, it is now possible to establish a business right from the comfort of your own home. You do not even need a real office, as you can conduct all your transactions through the Internet.For individuals running businesses online, conducting market research is a
Read MoreCustomer support is often the primary responsibility of a retailer's sales and service staff. Yet the most successful businesses often make a habit of taking a more holistic approach by including customer satisfaction in all of their marketing and business development efforts. After all, "the customer is always right." It is a fact that many successful businesses have made the commitment to excellence in every area of their operations.Customer support is the delivery of extraordinary service to customers prior, during, and even after a sale. Without excellent customer support, there is a very real chance that a customer will leave your shop or organization, never to return. Yet the perception of success in these interactions depends on how employees "can adapt themselves quickly to the per
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