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FINCON REVIEWER CONTROL FUNCTION involves the enumeration, identification, and discussion of all control points in the company to ensure they are operating as planned. The controls may have to be changed from time to time to reflect changes in the operations of the business. This function is crucial for monitoring and maintaining ______.
compliance
Management Accounting observes the performance of a business and identifies opportunities to improve the entity’s financial health. It recommends to management a price to set to make the business ______.
profitable
Financial Accounting utilizes accounting transactions and transforms them into consolidated financial statements. Creditors and lenders can utilize the results presented by the bookkeeping to identify, classify, summarize, and record all financial transactions in the Income Statement, Balance Sheet, and Cash Flow Statement. It also includes the analysis of these financial ______.
statements
Internal Accounting monitors and examines the controls and processes implemented within the organization to detect fraud and weakness within the management and teams. It focuses on maintaining strong internal ______.
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Taxation Accounting accounts for taxes paid by the business to the revenue authority. This system ensures that the returns on taxes are paid within deadlines and facilitates the planning of ______.
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FINCON REVIEWER CONTROL FUNCTION involves the enumeration, identification, and discussion of all control points in the company to ensure they are operating as planned. The controls may have to be changed from time to time to reflect changes in the operations of the business. This function is crucial for monitoring and maintaining ______.
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Management Accounting observes the performance of a business and identifies opportunities to improve the entity’s financial health. It recommends to management a price to set to make the business ______.
Signup and view all the answers
Financial Accounting utilizes accounting transactions and transforms them into consolidated financial statements. Creditors and lenders can utilize the results presented by the bookkeeping to identify, classify, summarize, and record all financial transactions in the Income Statement, Balance Sheet, and Cash Flow Statement. It also includes the analysis of these financial ______.
Signup and view all the answers
Internal Accounting monitors and examines the controls and processes implemented within the organization to detect fraud and weakness within the management and teams. It focuses on maintaining strong internal ______.
Signup and view all the answers
Taxation Accounting accounts for taxes paid by the business to the revenue authority. This system ensures that the returns on taxes are paid within deadlines and facilitates the planning of ______.
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