Accounting questions

Feb 3rd, 2012
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Transferring data from brief records to lasting records is referred or alluded to as closing accounting process or also known as closing the books. In preparation for monthly accounts all accounting staff are required to close down all financial processes for that month.

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Identify the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Make at least two (2) recommendations for improving the accuracy and reliability of the information in the gaps that you have identified. Justify your response.Transferring data from brief records to lasting records is referred or alluded to as closing accounting process or also known as closing the books. In preparation for monthly accounts all accounting staff are required to close down all financial processes for that month. This is normally done after fin

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