The Finance & Accounting framework describes the function or Domain that analyzes, strategizes, and develops financial models for future growth and expenditures ('Financial Management') and performs the day-to-day financial record keeping and financial reporting ('Financial Accounting & Reporting').
The daily activities performed by the Accounting function are grouped in the following groups:
The four key Accounting reports are: Statement of Financial Position, Statement of Comprehensive Income, Statement of Comprehensive Income and Statement of Changes in Equity
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