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Accounting is the measurement, processing, and communication of economic details about financial entities such as companies and corporations. The trendy subject was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the “language of business”, measures the outcomes of a company’s financial actions and conveys this information to a selection of users, together with investors, collectors, management, and regulators. The terms “accounting” and “monetary reporting” are sometimes used as synonyms. Entertainment firms and mass media companies generate income primarily from the sale of intellectual property.

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