Financial accounting systems
Please post a 150-300 word response to the following question:
Why is it important that financial accounting systems report performance fairly and factually?
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Financial accounting systems
One of the main duties of financial accounting systems is the maintenance of a firm’s financial records. For any given firm, its prosperity largely depends on the financial situation of the organization. Without the correct financial records, it is highly likely that a firm’s existence is short lived. That is the reason why the financial accounting system is one branch of any given firm that takes in the most investment. Firm managers invest a lot of capital into ensuring that the financial systems are in good condition. A financial system………………….
MLA
232 Words
