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Accountancy

<p><strong>Accountancy</strong> is the process of recording, classifying, summarizing, and analyzing financial transactions to provide accurate financial information for decision-making.</p>

<p><strong>Accountancy,</strong> also known as accounting, is a crucial discipline that involves the systematic recording, analysis, and interpretation of financial transactions. It ensures that businesses, organizations, and individuals maintain accurate financial records, comply with legal requirements, and make informed economic decisions. The field encompasses various branches, including financial accounting, management accounting, auditing, and taxation, each serving specific purposes. Accountants play a vital role in preparing financial statements, managing budgets, assessing financial risks, and ensuring transparency in financial reporting. With its principles rooted in accuracy, consistency, and compliance, accountancy serves as the backbone of economic activities, enabling businesses to grow, stakeholders to make informed investments, and governments to regulate financial practices effectively.</p>