Importance of Accounting and Financial Function

This report discusses the importance of accounting and financial functions in business entities, focusing on the roles and responsibilities of the accounting and finance departments. It explores the duties of the accounting department, such as financial accounting, management accounting, tax function, and auditing function. It also discusses the duties of the financial department, including investing function, financing function, dividend function, and working capital function. The report emphasizes the significance of these functions in decision-making and overall performance evaluation of organizations.