This particular accounting procedure is focused on the business operations of a single entity. The corporate accountant handles only one company's financial records in this kind of bookkeeping. More precisely, the accountant solely pays attention to the company that hires them. As per the definition of corporate accounting, the purpose of this activity is often to determine the financial and operational state of an organization. Knowing the company's financial standing is particularly important to investors in which they have invested. So friends, the importance of corporate accounting is therefore done in order to inform them of the firm's assets and liabilities.

Last edited by Accounting Byte (Jun 20 2:36 AM)