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Hi There,
I guess you could get a detailed structure for the question by Googling!
No matter, here you go with the explanation:
1. Identifying and recording the transactions (Accessing the financial records, making amendments and reasoning)
2. Transaction classification (Sorting out the transaction accordingly)
3. Presentation and communication (Accountant communicates by presenting the data in a document say spreadsheet, etc)
4. Interpretation / decision making (Determining the business stand point for future growth of the business)
For more, you could also check out igsbookkeepingto know how an accounting/bookkeeping done effectively.
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∙ 10y ago
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