Accounting is the practice of reporting and analysing financial transactions pertaining to a business. Whereas, corporate finance deals with the management of financial resources. Collectively, they provide a health check of the organisation’s financial position to its stakeholders.
Companies are required to create financial statements while maintaining compliance with various accounting principles, standards and procedures applicable to different countries for regulatory and taxation purposes. With the intent of adding value to services and saving costs, companies usually outsource complex accounting functions to their service providers. These functions could include financial planning and analysis, auditing, financial closure and management reporting.
Accounting software is an accounting information system which records and processes financial transactions. However, traditional accounting software being restricted to individual desktops, involves high maintenance costs and are subject to breach of information in case data is stolen/lost. Whereas, cloud accounting being very flexible, processes the data sent to it and sends back the processed data to the user. Data is uploaded automatically enabling real-time reporting and visibility throughout the organization. Companies that opt for this technology get instant software updates without the need to purchase additional software.
Organisations have to deal with various financial decisions with the goal of maximizing the firm’s value with limited risks. Corporate finance is a significant aspect of finance used by corporations to raise capital for growth, survival and stability of their businesses. They are constantly concerned with enhancing shareholder value through appropriate financial planning and investment decisions. They can access capital markets for their financing requirements by selecting between equity or debt capital. These include bank or corporate loans, debentures and public fixed deposits amongst others.
ASDReport.com provides a plethora of reports on accounting & corporate finance industry. Reports are available on carbon accounting software, audit and accounting information system among others.