To think critically about: The necessity of preparation of report according to the specific accounting procedures. Introduction: Accounting is a process in which transactions are recorded, summarized, classified, analyzed and reported. Financial statements refer to statements that describe the status of the entity’s assets, liabilities, capital, receipts, expenses and earnings.

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Discuss the possible change CRM will have in the next 3 years. Also, discuss 3 possible steps a company can take to avoid risks with CRM implementation.

Answer 1

Question

Chapter 17, Problem 2CT

Summary Introduction

To think critically about: The necessity of preparation of report according to the specific accounting procedures.

Introduction: Accounting is a process in which transactions are recorded, summarized, classified, analyzed and reported. Financial statements refer to statements that describe the status of the entity’s assets, liabilities, capital, receipts, expenses and earnings.

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