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Accounting is the systematic process of recording, analyzing, and summarizing financial transactions to ensure accurate financial reporting. It plays a pivotal role in providing insights into an organization's financial health, aiding in decision-making. From tracking expenses and revenues to preparing financial statements, accountants ensure compliance with regulatory standards and facilitate transparency. The field encompasses various branches, including managerial accounting for internal planning and financial accounting for external reporting. Accurate accounting not only helps businesses monitor their financial performance but also serves as a cornerstone for investors, creditors, and stakeholders in assessing the company's viability and stability. In essence, accounting serves as the language of business, translating financial data into meaningful information.