It is a primary responsibility of a registered company to review the performances, progress and needs for improvement of the firm over a financial year. This helps the organization to assess the overall economic condition, diagnose and resolve issues at once. This is precisely why accounting plays an inevitable role in maintaining the records and statistics, concerning the transactions of a company every year. The status of the expenses, information management and reports need to be filed promptly to save confusions and efforts that might be uncalled for, later. The role of a financial Accountant is crucial in such documentations
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