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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