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The accounting homework help services of the assignment help site were launched soon after the assignment help site was established in 2006. The Locus R.A.G.S education group started the assignment help site to give expert academic assistance to students from all disciplines and segments of the education system. Accounting involves communicating financial information to concerned parties which may include managers and shareholders. This communication is done through preparing financial statements. There are three main divisions of accountancy namely – accounting, book keeping and auditing. Accounting systems are also distinguished on the basis of internal and external purposes as management accounting and financial accounting respectively. Management accounting focuses on reporting to people inside the organization and is primarily concerned with facilitating managerial decision making through providing relevant financial information. Financial Accounting on the other hand focuses on providing financial information to people outside the business such as current or prospective shareholders, creditors and government agencies. Financial accounting has more rules than management accounting and the set of rules that dictate its functions in a given jurisdiction are called Generally Accepted Accounting Principles or GAAP. Other rules include International Financial Reporting Standards or IFRS or US GAAP. A highly technical subject, accounting is one domain where experience often counts more than knowledge and hence students frequently need accounting homework help to keep pace with their academics.
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