What's the Use of Accounting? Why Accounting?

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

What the use of accounting for businesses? Why are accounting information systems important for business? (...) Read more? Sign up for free
 

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Why Accounting?
Mazhar Tejani, Student (MBA), Pakistan, Member

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

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.
 

         
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