The role of accounting in an organization
I. Introduction As a Gradu ate Trainee at an SME providing accounting and financial services in the UK. I have a duty to prepa re a blog providing information about accounting for the purpose of marketing and promoting the accounting services at my company to new and existing clients. II. Purpose of the accounting function within an organization 1. The purpose of accounting Accounting is concerned with recording and reporting a company's financial data, financial position, financial results, and cash flow. This data will be used to help the company develop investment strategies and manage the business (Bragg, 2022). 2. The scope of accounting in organizations The accounting scope includes all transactions and activities of a company, including bookkeeping, and capturing financial information so that timely reports can be issued. Accounting also helps businesses make important decisions by monitoring performance and measuring profitability, liquidity, and solvency (Mamgain, ...