corporation accounting definition (https://accountinglads.com/what-is-corporate-accounting/) as an accounting practice of documenting, compiling, and reporting the financial dealings of a corporation as per the accounting principles, company law and regulatory requirements. It includes all aspects of issuing shares and administration of debentures and keeping of statutory records and preparation of financial statements. Such accounting makes sure that it is in line with legal provisions such as the Companies Act or global accounting standard (such as IFRS or GAAP). Corporation accounting is meant to present the true financial information that will facilitate managerial decision making and hold the management accountable to the shareholders and other external stakeholders.