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Asset management An excellent article has revolutionary facts in it. An exceptional article develops an inevitable influence on readers. A comprehensive article can minimize the headaches of the readers. Asset Management is an important weapon in the business arsenal. Today our business life wants a secure method where companies assets remain impregnable. Asset management has a fundamental part of any profitable company. “Asset management provides such a framework where companies could safely monitor and investing customers investment in the monetary markets typically” ISO has published a remarkable set of standards which are an auxiliary for organizations and companies. With the help of ISO 55000,55001,55002, companies and organization can easily to understood about asset’s values. ISO 55000:2014  provides an overview of asset management, its principles and terminology, and the expected benefits of adopt

“Financial Accounting is a special branch of accounting which can easily track the business’s financial transactions. Financial Accounting includes marvelous strategies balance sheet, summarizing, recording, reporting and analyzing financial data”. The financial accounting system is a comprehensive and fundamental system for all types of businesses. Financial accounting system creates such a framework that is easy to understand and assess the variety of management accounting tools and financial accounting tools most easily. Today businesses have modern frameworks as compared to decades ago. Now we face different challenges to management accounting and financial accounting.  Our business clients or stakeholder have more expectations about corporate activities which are creating more presser on our managerial system and accounting system. Some accountants have often confusion between management accounting and financial accounti