Business consultancy is the practice of helping businesses improve their performance through analysis of existing business problems and development of plans for improvement. Professional consultants provide objective advice, expertise, and specialized skills to organizations in order to help them identify areas where they can increase efficiency, reduce costs, and maximize profits. Business consultants are knowledgeable about a variety of topics including finance, operations management, marketing strategy development & implementation as well as organizational structure design & implementation. They work with companies on an individual basis or in groups to develop strategies that will drive success for the organization going forward.

Accounting is an essential business practice that involves the tracking and analysis of financial information. It is a critical component of any successful organization, as it provides detailed insights into the company's financial performance, allowing businesses to make informed decisions about their operations. Accounting also helps organizations identify areas for improvement and opportunities for growth or cost savings. By utilizing accounting principles such as double-entry bookkeeping, accrual basis accounting and budgeting processes, companies can effectively manage their finances in order to maximize profits while minimizing risk.