List any two functions of accounting
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The basic role of\xa0accounting\xa0is to provide relevant financial information to the businessmen and the stakeholders. Furthermore, facilitating the decision making processes and keeping them updated. There are\xa0two\xa0types of\xa0functions of accounting, first, historical functioning and second, managerial functionals.\xa0There are\xa0five\xa0basic\xa0roles\xa0or functions within the department:\tAccounts\xa0receivable.\tAccounts\xa0payable.\tPayroll.\tFinancial controls.\tFinancial reporting.