accounting.

controlling.

financing.

bookkeeping.

maintain accurate reports.

compile the business’s expenses.

keep track of sales.

control the finances of the business.

They prevent any financial losses.

They show the business how it is doing.

They increase the return on investments.

They give the business an image of success.

            Managers

Customers

Creditors

Investors

applying for a bank loan.

selecting a new market.

using cash accounting.

complying with regulations.

accurate and up to date.

approved by the chief executive officer.

posted by an accountant.

recorded using the accrual method.

It should be updated annually.

It should provide needed information quickly.

It should eliminate the need for an accountant.

It should be replaced every two or three years.