The meaning of corporate accounting lies in managing a corporation’s financial records and reporting accurately. It includes tasks such as maintaining ledgers, preparing financial statements, handling taxes, and ensuring legal compliance. Corporate accounting helps businesses track income, expenses, assets, and liabilities to assess performance and plan for the future. It also aids in communicating financial information to shareholders, management, and regulatory bodies. This branch of accounting is essential for transparency, accountability, and informed decision-making in corporate finance.
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