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Workplace Software and Skills

Key Terms

Workplace Software and SkillsKey Terms

Key Terms

accounting
process of organizing, analyzing, reporting, and communicating financial information that is used for decision making
depreciation
steady decrease in value of an asset over time
financial accounting
measures the financial performance of an organization using standard conventions to prepare financial reports used by external entities
managerial accounting
process that uses both financial and nonfinancial information as a basis for making decisions within an organization
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