An organization’s success hinges not only on generating profit for its stakeholders, but managing revenues effectively as well. Accounting serves to bridge the gap between expected financial outcomes and what really happens by accurately and clearly convey the financial health of an organization to management in numerical terms. Precision in financial analysis is critical for any management team and serves as a fundamental basis for effective decision making. For external stakeholders such as shareholders, clients, creditors, it is an important indicator to accurately understand the state of the company. Now more than ever, the complex economic ecosystem necessitates dependable financial analysis. In order for companies to survive and achieve sustainable growth, this kind of logistic support from the accounting side is indispensable.