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Many state establishments and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public inventory markets. The environment friendly and efficient operation of a business, and research of this subject, is identified as administration. Accounting is the measurement, processing, and communication of economic details about economic entities similar to companies and companies. The trendy subject was established by the Italian mathematician Luca Pacioli in 1494. The terms "accounting" and "financial reporting" are sometimes used as synonyms. Despite the proliferation of the internet, print media is right here to remain for the foreseeable future! Professions that require special licenses embody law, drugs, piloting aircraft, promoting liquor, radio broadcasting, promoting investment securities, promoting used cars, and roofing. Local jurisdictions may require particular licenses and taxes just to oper