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Gather all necessary financial documents such as income statements, balance sheets, and cash flow statements.
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Financial accounting is critical because it provides an accurate record of a company's financial performance and health.
All companies, organizations, and businesses are required to file financial accounting reports.
Financial accounting reports are typically filled out by accountants or financial professionals who are knowledgeable in accounting principles.
The purpose of financial accounting is to provide stakeholders with information about a company's financial performance, position, and cash flows.
Financial accounting reports typically include income statements, balance sheets, cash flow statements, and notes to the financial statements.
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