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November 23, 2020

Financial accounting systems

Financial accounting systems Please post a 150-300 word response to the following question: Why is it important that financial accounting systems report performance fairly and factually? ? ? Answer Preview Name: Instructor: Course: Date: Financial accounting systems One of the main duties of financial accounting systems is the maintenance of a firm?s financial records. For any given firm, its prosperity largely depends on the financial situation of the organization. Without the correct financial records, it is highly likely that a firm?s existence is?short?lived. That is the reason why the financial accounting system is one?branch of any given firm that takes in the most investment. Firm managers invest a lot of capital into ensuring that the financial systems are in good condition. A financial system. MLA 232 Words Related Questions: Job outlook and pay for accountants

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