[accounting lads]

corporation accounting, also known as corporate accounting, can be defined as the branch of accounting concerned with maintaining the financial records of incorporated companies. It involves the preparation and presentation of financial statements that reflect the true and fair view of the company’s financial position and profitability. This area of accounting follows specific rules under corporate laws and accounting standards such as IFRS or GAAP. Corporation accounting also includes accounting for share capital, dividends, reserves, mergers, and consolidations. Its primary purpose is to provide stakeholders with transparent financial data for informed business and investment decisions.

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