Department Of Accounting & Finance

Accounting, often known as accounting, is the measurement, processing, and exchange of financial data concerning organizations and enterprises. Luca Pacioli, an Italian mathematician, founded the current field in 1494. Accounting, dubbed the "language of business," measures and communicates the results of an organization's economic activities to a number of customers, including investors, creditors, managers, and regulators. Accountants are those who practice accounting. Accounting and financial reporting are frequently used interchangeably.The accounting and finance department is at the heart of any corporation, and it is responsible for ensuring that all business activities are supported by effective financial management and financial controls. It is the lifeblood of all businesses and the common denominator by which most internal and external business performance is judged. A professional finance director must be familiar with all aspects of a company in order to design a financial strategy that supports the company's objectives. As a non-financial manager, understanding the many duties of your organization's accounting and finance department will also help you become more productive in your own role.