Briefly explain the function of accounting?
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The main functions of accounting are to store and analyze financial information and oversee monetary transactions. Accounting is used to prepare financial statements for a company's employees, leaders, and investors. Accounting also functions to ensure the payment of funds into and out of a company.
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An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organisation or company's financial operations. In a smaller business, an accountant's role may consist of primarily financial data collection, entry and report generation.
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