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Accounting, as a component of Financial Engineering, focuses on the systematic recording, reporting, and analysis of financial transactions. It involves the development and use of accounting systems and practices to support financial forecasting and decision-making processes within an organization. The discipline encompasses various activities such as maintaining accurate financial records, preparing financial statements, conducting internal audits, and providing financial advice to management. By utilizing advanced financial modeling techniques, accounting in this context plays a crucial role in enabling organizations to make informed decisions, assess risk, and optimize resource allocation, ultimately contributing to the achievement of their strategic objectives.