BUSINESS CAPABILITY - Accounting
| Description | EN: Encompasses the meticulous recording, summarization, and reporting of financial transactions. This capability plays a pivotal role in furnishing precise and timely financial insights essential for informed decision-making within corporate entities. By capturing and organizing financial data, accounting facilitates the analysis of company performance, aids in compliance with regulatory standards, and supports strategic planning and resource allocation. FR: Englobe l'enregistrement méticuleux, la synthèse et le rapport des transactions financières. Cette capacité joue un rôle crucial dans la fourniture d'aperçus financiers précis et opportuns essentiels à la prise de décisions éclairées au sein des entités corporatives. En capturant et en organisant les données financières, la comptabilité facilite l'analyse de la performance de l'entreprise, contribue à la conformité aux normes réglementaires et soutient la planification stratégique ainsi que l'allocation des ressources. |
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| Name (FR) | Comptabilité |
| Classifying categories | 
Corporate Finance |
| Parent Maps | 
Corporate Finance Services (from: 
Enterprise Operations) |
| Packaging Library |
Enterprise Operations |
TREE VIEW
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AccountingEncompasses the meticulous recording, summarization, and reporting of financial transactions. This capability plays a pivotal role in furnishing precise and timely financial insights essential for informed decision-making within corporate entities. By capturing and organizing financial data, accounting facilitates the analysis of company performance, aids in compliance with regulatory standards, and supports strategic planning and resource allocation.
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Accounts Payable
Involves overseeing the process of recording and managing payments owed by an enterprise to its suppliers and vendors for goods and services received on credit. It includes verifying and approving invoices, maintaining accurate records of payables, managing payment schedules, and ensuring timely and accurate payment to suppliers while optimizing cash flow and managing working capital effectively.
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Accounts Receivable
Involves monitoring and collecting payments owed to an enterprise by its customers for goods or services provided on credit. It includes invoicing customers, tracking outstanding receivables, following up on overdue payments, negotiating payment terms, and reconciling customer accounts. This capability aims to ensure consistent cash flow, minimize outstanding debts, and uphold financial stability by efficiently managing and optimizing revenue collection processes.
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General Ledger Management
Involves maintaining and updating the general ledger, ensuring accurate recording, classification, and reconciliation of all financial transactions. Used across the entire enterprise, this capability upholds financial integrity and supports comprehensive reporting. It ensures compliance with accounting standards, facilitates financial analysis, and aids informed decision-making, serving as the backbone of the corporate finance domain.
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