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Sponsors want to fund projects that are likely to succeed, and part of your job in the concept paper is to explain how to. Abstractthis paper describes why a person would major in accounting and the possible careers, namely accountants and auditors, which a person could pursue. Once you become familiar with some of these terms and concepts, you will feel comfortable navigating through the explanations, quizzes, quick. Accounting principles are the building blocks for gaap. Accounting can be a vibrant academic discipline to study mainly due to its diversity of concepts and.