Fresh Take 16.1: What Is Accounting?

  • Understand what accounting is
  • Understand who uses financial accounting
  • Understand who uses managerial accounting

What Accounting Is

You can view the transcript for “What does an accountant do and why is it so important?” here (opens in new window).

Financial vs. Managerial Accounting

You can view the transcript for “FINANCIAL vs MANAGERIAL Accounting” here (opens in new window).

GAAP

You can view the transcript for “The Importance of GAAP” here (opens in new window).