Accounting is the systematic and comprehensive way of recording of financial transactions pertaining to a business. Accounting is the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at larger companies. BASNCO accounting personnel supports our clients to set up various accounting techniques which is required by regulatory and those techniques which represent real economic values of the business. The reports generated by various streams of accounting, such as cost accounting and management accounting which support for better management information system while formulating strategies.