Accounting is the process in which business activities are recorded orderly and systematically to determine the productivity of the business. This account is managed and prepared by the company or team to prepare financial reports, which also helps in the financial growth of the company. They also determine whether a particular investment is feasible in the current market scenario and what is the amount of money that is to be invested. In the case of small businesses and organizations, these functions are handled by an accountant or bookkeeper or at most a certified accountant. But in the case of larger organizations, a team of certified public accountants which is also known as CPA and chartered accountants (CA) along with their teams is the one who handles these transactions and takes care of accounting.
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