ACC8000 - Research in Accounting Practice- Assignment
Added on - Mar 2020
ACC8000 - In Research in Accounting Practice- Assignment, is the process and activity of recording a business entity's day-to-day financial operations. Accounting practice is required to produce a company's legally required annual financial statements.
In conclusion, we discuss Accounting practice as a methodical procedure used by an entity's accounting department to control accounting records and entries based on accounting records. Other reports are also prepared, such as financial statements, cash flow statements, fund flow statements, payroll, tax workings, payment and receipt statements, and so on. They are the foundation on which the auditor relies when auditing the financial statements.