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In: Accounting

What is the role of the accounting function in an organization?

What is the role of the accounting function in an  organization?

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Expert Solution

The role of the accounting function is to manage the financial information resources of the firm. First, the accountants must capture and record business events of a firm and their financial impact. Secondly, the accounting function distributes transaction information to decision makers and operations personnel to help them coordinate their many tasks. The accountants must also assign accountability for each of these tasks.

Junaid answered 3 months ago
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