What's the Use of Accounting? Why Accounting?

Accounting Equation > Forum Log in

What's the Use of Accounting? Why Accounting?
Nande John Mufika, Student (University), Namibia

What the use of accounting for businesses? Why are accounting information systems important for business?

Why Accounting?
Mazhar Tejani, Student (MBA), Pakistan
In business we have many different transactions on a daily, monthly and annually basis. We can not guess at the end of month or year which amount belongs to which transaction.
It is accounting to record them and to distinguish between them.
That's why in my view it is essential to have an accounting information system.

Benefits of Accounting? Why Accounting?
Nedyalka Kuhteva, Student (Other), Ireland
Other big pluses of accounting information that is obtained for past activities of the business is that it may help us make predictions for the future and can be a basis to make decisions.



    Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

Special Interest Group Leader

You here

More on Accounting Equation
Best Practices

Expert Tips


About 12manage | Advertising | Link to us | Privacy | Terms of Service
Copyright 2016 12manage - The Executive Fast Track. V14.1 - Last updated: 27-10-2016. All names tm by their owners.