Modern accounting functions in the business world are extremely complex. They cover a wide variety of functions, which need to be integrated into a system to ensure the overall performance of a business and health. These diverse functions include journal entries, general ledgers and subsidiary ledgers as well as a variety of financial statements, such as income reports and balance sheets. A financial manager has to decide how to best use the cash resources of the business. This may include paying dividends to shareholders, resolving debts, purchasing short-term government bonds for business or securities or using surplus funds to expand the company by acquiring other firms. The aim boardroomexpert.org/meeting-protocol-and-procedures-required-for-a-board-high-productivity is to ensure that the business has enough funding for operating expenses and growth opportunities. This article discusses the financial procedures and the way business transactions are handled.