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www.paci.ai
5 5 KEY ROLES OF
ACCOUNTING
1
2
3
4
5
This is the part where an accountant or team
of accountants is asked to formulate a
financial policy for a business which would
govern its future activities.
This is the part where an accountant or team of
accountants is asked to formulate a financial policy
for a business which would govern its future
activities.
Another important part of accounting is to manage
and monitor all business transactions. This helps
businesses to understand their cash flow and
financial status.
Accounting also includes the auditing of company
finances. This helps detect and identify any
accounting discrepancies and implement the right
solution when and if needed.
Accounting also includes the implementation of
strong security measures to protect the company
assets against data breaches or/and internal or
external fraud.
Planning & controlling
financial policy
Preparing a budget
Monitoring financial
transactions
Auditing Finances
Ensuring vigilance against
fraud

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5 Key Roles of Accounting | Bookkeeping companies in UAE

  • 1. www.paci.ai 5 5 KEY ROLES OF ACCOUNTING 1 2 3 4 5 This is the part where an accountant or team of accountants is asked to formulate a financial policy for a business which would govern its future activities. This is the part where an accountant or team of accountants is asked to formulate a financial policy for a business which would govern its future activities. Another important part of accounting is to manage and monitor all business transactions. This helps businesses to understand their cash flow and financial status. Accounting also includes the auditing of company finances. This helps detect and identify any accounting discrepancies and implement the right solution when and if needed. Accounting also includes the implementation of strong security measures to protect the company assets against data breaches or/and internal or external fraud. Planning & controlling financial policy Preparing a budget Monitoring financial transactions Auditing Finances Ensuring vigilance against fraud