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Record to Report

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**Record to Report**

What is Record to Report?

Record to Report (R2R) is a finance and accounting process that encompasses the steps involved in collecting, processing, and delivering accurate and timely financial information. It starts with recording financial transactions and culminates in generating financial reports for internal and external stakeholders. Common uses include financial statement preparation, management reporting, and regulatory compliance. It ensures data integrity, accuracy, and transparency in financial reporting.

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