Article 7. Principal roles of accounting
Accounting has the following roles:
1. To collect and record revenue, expenditure, asset and liability transactions in accordance with the accounting standards defined in each accounting system;
2. To control, and monitor the use of assets and the payment of debt obligations while contributing to the prevention of embezzlement, fraud and losses of money, materials, and damage to the State and those of third parties;
3. To carry out the analysis of financial information and to propose actions for improving and resolving insufficiencies in order to attain higher managerial performance;
4. To provide complete, valid, accurate, and timely financial information in compliance with laws and regulations.
Article 7. Principal roles of accounting Accounting has the following roles:1. To collect and record revenue, expenditure, asset and liability transactions in accordance with the accounting standards defined in each accounting system;2. To control, and monitor the use of assets and the payment of debt obligations while contributing to the prevention of embezzlement, fraud and losses of money, materials, and damage to the State and those of third parties;3. To carry out the analysis of financial information and to propose actions for improving and resolving insufficiencies in order to attain higher managerial performance;4. To provide complete, valid, accurate, and timely financial information in compliance with laws and regulations.
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