What's the Use of Accounting? Why Accounting?

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Accounting Equation Knowledge Center

Forum 6 Nande John Mufika Student (University), Namibia What's the Use of Accounting? Why Accounting? What the use of accounting for businesses? Why are accounting information systems important for business? X Welcome to the Accounting Equation forum. The topic being discussed here is: "What's the Use of Accounting? Why Accounting?". Get access to all of our 900 knowledge centers about management. Join more than 1,000,000 other members. Log in   Comments Sort by date Sort by rating Rating   1 Mazhar Tejani Student (MBA), Pakistan   Why Accounting? 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.   2 Nedyalka Kuhteva, Ireland   Benefits of Accounting? Why Accounting? 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.   Leave a comment Share your knowledge or experience

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Accounting Equation Knowledge Center

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