[accountinglads]

corporate accounting meaning because it is the foundation of a financial management system of a corporation. It entails all the activities that document, categorize and analyze financial data to facilitate effective business activities. Corporate accounting is a method that ensures that the financial reports of a company give the real financial position of the company, which enables the investors and regulators to gauge profitability, liquidity as well as stability. It also entails compliance measures such as preparing audits, taxation and statutory reporting. All in all, corporate accounting is used as a linking point between financial information and decision making which assists corporations to uphold integrity, transparency, and investor confidence.