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Fixed Asset Accounting-Financial Accounting Reconciliation

What is meant by Fixed Asset Accounting-Financial Accounting Reconciliation?

The "Fixed Asset Accounting-Financial Accounting Reconciliation" refers to the process of comparing data and transactions between fixed asset accounting and financial accounting within a company. The aim of this reconciliation is to ensure consistency between the data in both areas and that all asset-related transactions and movements have been properly recorded and booked.

The function / module Fixed Asset Accounting-Financial Accounting Reconciliation belongs to:

Annual financial statement and balance sheet

Asset accounting