What is the purpose of the Accounting and Financial Functional Area?

The primary purpose of any accounting function is that of ongoing financial record keeping. Monetary information of all types--operational expenses, salaries, donations, capital expenditures, investments, cash flow, utilities--should be tracked on a monthly basis at a minimum.

The ongoing result is the creation of an organization's financial history that can be used in a variety of ways, as it gives managers a snapshot of the firm's financial health and wealth at any given time.