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Sample Essay

The management of money is the responsibility of a finance department.A company is all the time receiving or disbursing money, the finance department has to record these transactions and after a period of time has to calculate the profit or loss as a result of the activity of business.

Other activities include preparation of annual accounts, providing different figures to other managers to facilitate decision making, assessment of taxes and filing of returns.Activities also include future planning based on current figures.In order to summarise their financial transactions all businesses maintain accounts during the year.

 

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