Accounting Function of HD Dental Clinic

Table of contents
1. Introduction
2. The purpose of the accounting function of HD Dental Clinic
3. The accounting function of HD Dental Clinic in the context of regulatory and
ethical constraints.
4. The context and purpose of the accounting function of HD Dental Clinic in
meeting organizational, stakeholder, and societal needs and expectations
5. The role of accounting in informing decision-making to meet organizational,
stakeholder, and societal needs within complex operating environments.
6. Conclusion
7. Reference List

Introduction
Accounting is the gathering, analysis, and transmission of financial data. The
ultimate goal is to provide individuals with the most up-to-date information possible
so that they may make informed judgments. It is pointless to create information
unless it can help people make better decisions. Accounting's purpose is to produce
accurate and timely financial reporting. While accountants do perform this sort of
job, it is not their exclusive purpose. The accountant's role is to give financial
information to users to help them make better decisions. (Atrill, P., and McLaney,
E., 2018) Dr. Hoang Duong, a sole owner who runs HD Dental Clinic, a small dental
clinic in Hanoi, needs advice on the clinic's accounting system to effectively manage
the clinic's revenues.
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1 The purpose of the accounting function of HD Dental Clinic
Accounting is the process of recording financial transactions that can be used to
present a complete picture of a company's financial performance. Accounting
programs are specifically designed to meet the specific needs of more complex
environments. This reflects the development of the accounting profession to cover
a wider range of business processes. Accounting information is essential for
organizations to make informed decisions about their future. Accounting is the
process of collecting and disseminating information to help people make informed
decisions in their daily lives. Accounting is the process of managing and recording
financial transactions, evaluating their results to judge performance, and
forecasting future operations.
The accounting process is essential to ensure the accuracy and integrity of the
financial system. The accounting process starts with collecting and classifying data,
followed by producing a summary of financial information for further analysis. An
accounting system is a set of techniques that can help keep track of financial
statements. Use advanced technology to detect, collect, analyze, calculate, classify,
record, aggregate, and report transactions. Lots of companies have written
accounting handbooks that detail responsibilities for various accounting systems.
Accounting manuals are a collection of accounting instructions that can help you
understand the individual responsibilities and processes, as well as the forms and
records involved in the development and use of accounting data. (Alexander, D. and
Nobes, C. W., 2004)
Starting a sole proprietorship is easy and inexpensive. The operation of a company
without an established legal or administrative framework can be conducted without
paying fees. This refers to the legal status of the owners or shareholders of a limited
company, which is considered a legal entity separate from the company that owns
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