Financial management overlaps with the financial function of the accounting profession. The financial audit is one of many assurance functions provided by accounting firms. Due Diligence has emerged as a separate profession for accounting and auditing experts. He received his degree in Finance Accounting and Business Administration in 1972. The company adopted computer inventory, accounting, and billing. This goes to the heart of the difference between financial accounting and management accounting. Practitioners of accounting are known as accountants. A common scam involves fake CEO emails sent to accounting and finance departments. I's financial processes and attempting to improve the quality of the royal accounting. It started the journey with two departments- Department of Accounting and Department of Management. However, his tendency to procrastinate in submissions of financial accounting was noted. Accountants close out accounts at the end of each accounting period. Businesses depreciate long-term assets for both accounting and tax purposes. They hired tutors to educate them in such subjects as politics, business, accounting, and philosophy. See Clean surplus accounting, Residual Income Valuation.