How Accounting Affects Your Financial Transactions
Recording Transactions:
Accounting tracks money in and out.
Financial Reporting:
Accounting shows how well a business is doing.
Budgeting and Forecasting:
Accounting plans future money needs.
Compliance and Regulation:
Accounting follows money rules.
Decision Making:
Accounting helps make smart choices.
Auditing and Internal Controls:
Accounting checks for mistakes and theft.
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