accontancy depreciation

Here’s a **100-word description** related to the accounting objectives I previously mentioned: Accounting aims to ensure accurate financial reporting, where companies must record their transactions and expenses in compliance with standards like GAAP or IFRS. The matching principle ensures expenses align with generated revenues in the same period. Cost control and asset management are critical for maximizing profitability and optimizing resources. Accurate profit measurement and cash flow management help businesses assess financial health, while budgeting and forecasting guide future planning. Tax reporting ensures compliance with tax laws. Internal controls protect assets and prevent fraud, safeguarding the company’s integrity and operational efficiency, thus contributing to sound financial decision-making.