What are the advantages of corporate accounting?

QuestionsWhat are the advantages of corporate accounting?
Deepak Goyal asked 1 year ago
3 Answers
Priya Vishwas answered 1 year ago
  There are various advantages of corporate accounting: It monitors the financial blueprint of a company, helps in the estimation of budgets, locates business expenses and finds ways to cut costs, is fruitful in decision-making, facilitates the audit process, and ensures that the business works in compliance with the law.   
Akshaj Singh answered 1 year ago
The advantages of corporate accounting includes the following: it helps in the effective management of humans and resources, monitoring the financial statements and financial reports of a company, making the decision-making process quite easy and simple, and helps the company monitor its growth as well as identify barriers to growth and various others. 
Nikhil Rawat answered 1 year ago
Corporate accounting proves to be very advantageous to companies in various ways, such as it facilitates the creation and maintenance of assets and liabilities of a company, provides information about business success or failure, helps in forecasting the future to make worthy decisions, stimulates taxation process, helps in adding value to the business, and evaluates the results.