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5 Key Roles of Accounting | Bookkeeping companies in UAE

The functions of accounting include the planning, controlling financial policy, preparing budget, monitoring financial transactions and auditing finances, more! Best accounting services in Dubai, UAE.

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5 Key Roles of Accounting | Bookkeeping companies in UAE

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  1. 5 5 KEY ROLES OF ACCOUNTING Planning & controlling financial policy 1 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. 2 Preparing a budget 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. 3 Monitoring financial transactions Another important part of accounting is to manage and monitor all business transactions. This helps businesses to understand their cash flow and financial status. 4 Auditing Finances 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. Ensuring vigilance against fraud 5 Accounting also includes the implementation of strong security measures to protect the company assets against data breaches or/and internal or external fraud. www.paci.ai

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