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Essay text:
This write-up looks deeper into the accounting and financial processes in an organization and the problems associated with these processes. The introduction part tries to look into the meaning of accounting and finance and the processes involved in each case. The main discussion focuses on deeper diagnosis of the problems encountered in accounting and financial processes.
Introduction
Accounting can be considered as consisting of two elements:
? Recording the transactions of a business to provide information for day-to-day management.
? Summarizing the transactions of a period to provide interested parties with information about the performance and position of an enterprise...
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