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Chapter 1: Questions What are the three parts of accounting?

Provide examples of Internal Users and External Users. What are some questions they would ask?

What are four sections of accounting?

What are the accounting professions?

What is the difference between Public Accounting, Private Accounting, and Not for Profit Accounting?

What are ethics and why are they important in a company? What are the standards usually used?

Name the parties involved in standard setting, and what they do.