I need help creating a thesis and an outline on An Effective Accounting Systems and Financial Management with Reference to AT & T. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. This information can be provided only when transactions are recorded, classified and summarized properly. Thus the need for accounting system arises. It is, therefore, necessary for organizations whether big or small to maintain proper books of accounts for the aforesaid purposes.In today’s cut-throat competition organizations cannot survive without accounting records, systems or plans and forecasting. In fact, financial analysis of organizations is done purely by using tools such as accounting transaction records. Any forecasting or planning done without the aid of a good accounting record can merely go in vain.The present scenario of today’s economy is complex, highly volatile and is like a maze to deal with. As the enterprise becomes larger, its operations more complex, accounting records, analysis, and reports become more complex and critically important for the guidance of the organizations. So it is clearly evident that the role of the organization is of paramount importance to any organization, similarly the need for an effective accounting system and a sound financial management system. In fact, the role of accounting addresses two major concerns in an organization. Firstly the accountant reports in regular intervals on the progress of and financial solution to the organization. Such reports and statements are vital to Management, Investors, creditors and other stakeholders. Secondly, the accountant supplies detailed analysis and studies of costs and revenues by which management makes decisions for the future.Let us take the example of Walmart, it operates with the help of an intricate and robust system of accounting, also extremely technical and very much involved. There is definitely a need for such accounting practices and a sound financial management system.Financial acts as a directive on the aspects involving financial operations of the organizations. It basically&nbsp.contains guidelines to be necessarily followed by organizations for activities involving financial implications.&nbsp.