Accountancy or accounting involves converting the financial data of an entity from the source documents into Financial Statements. It measures, processes, records, and reports the data according to statutory requirements. It is essential to understand that every entity must prepare Financial Statements by law. These statements are used in many important decisions like cost planning or measuring the company's performance historically or with the industry. It is mainly segregated into Financial Accounting, Managerial Accounting, and Cost Accounting. These involve all the functions and processes that the company carries out to obtain clear and accurate financial information. This knowledge then helps the company to function more effortlessly. Students are advised to choose our service, Help with Accounting Homework, to help make a solid base for a student.
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