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Exploring the Difference Between Accounting and Finance

Coreaxis

It involves analyzing financial data, preparing financial statements, and ensuring compliance with relevant laws and regulations. This ensures that the accounting equation, which states that assets equal liabilities plus equity, remains in balance. Risk management is another crucial strategy in finance.

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How to Implement Effective Treasury Management in Pharmaceutical Manufacturing

Coreaxis

This involves managing the company’s current assets and liabilities to ensure that there is sufficient working capital to support the ongoing operations of the business. This involves establishing clear policies and procedures, defining segregation of duties, and implementing regular reviews and audits.