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Preparation of financial statements
Is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements (IFRS/GAAP) available for public/private use.
Information in decision-making
In management accounting, managers use accounting information in decision-making and to assist in the management and performance of their control functions, including budgeting and cost accounting.
Levy imposed on a taxpayer
A tax is a mandatory financial charge or levy imposed on a taxpayer by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities.
Integrated management
Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology, including finance, production, sales, managment, logistics, human resources…etc.