Answer: Accounting reporting is aimed at government agencies, while management reporting is aimed at the owner. It helps analyze profitability, expenses, and business performance in real time.  Read more

Answer: Yes. Foreign currency transactions are subject to translation, and the resulting exchange rate differences are reflected in accounting. Ignoring them leads to distorted financial results and tax calculations.  Read more

Answer: An inventory is conducted when preparing annual reports, changing financially responsible persons, identifying shortages, or prior to a reorganization. This allows for confirmation of the actual existence of assets and liabilities.  Read more