Bakersfield, Smith, and Babble LLC is a midsized accounting firm in New England. In order to project an image as a full service company, each partner specializes in a different field of accounting. Bakersfield provides information and analysis to business owners in order to help them operate their companies. Smith’s job is to furnish information to individuals and groups both inside and outside organizations to help them assess their firms’ financial performances. Babble is primarily responsible for preparing financial statements for business owners, managers, and investors and other users, such as creditors and government agencies.
-Babble spends his time in financial accounting.

Question

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Each partner's role aligns with different aspects of accounting services: Bakersfield focuses on managerial accounting, Smith on financial accounting, and Babble also on financial accounting but with a broader audience, which collectively supports the image of a full-service accounting firm.

Bakersfield, Smith, and Babble LLC Is a Midsized Accounting Firm