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General Accounting Training Guide Version 4.0 AFIS General Accounting Table of Contents About This Training Guide .....................................................................................................
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Gather all relevant financial documents, such as invoices, receipts, bank statements, and payroll records.
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General accounting, also known as GAAP (Generally Accepted Accounting Principles), is the standard framework of guidelines for financial accounting.
Any business or organization that follows GAAP principles is required to file general accounting reports.
General accounting reports are typically filled out by trained accountants or financial professionals following the established GAAP guidelines.
The purpose of general accounting is to provide accurate and reliable financial information to stakeholders such as investors, creditors, and regulators.
General accounting reports typically include balance sheets, income statements, cash flow statements, and notes to the financial statements.
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