Kolsy & Associates

About

In a business setting, accounting is a crucial function that helps organizations keep track of their finances, make informed decisions, and comply with legal and regulatory requirements. It involves tasks such as bookkeeping, preparing financial statements, calculating taxes, and analyzing financial data. The role of an accountant in a business can be broadly divided into two categories: management accounting and financial accounting. Management accounting provides internal financial information to help managers make informed decisions, while financial accounting provides external financial information to stakeholders such as investors and creditors.

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