The Importance Of Accounting In our Society

Accounting is the career for men and women who set their sites on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman. It’s so important to our society. None of the business organisation can operate without is. They are there-somewhere-in every business. In small businesses, people use pen, ink, and skill to keep records. In a large business, modern accounting machines are used to operate. Men and women are directing these machines in the accounting process.

Wise businessmen enter business must have some accounting knowledge.   Accounting is a vital element of a business. It records the way business has grown and, after analysing figures, suggests the way it should go in the future. Fortunes are gambled on the advice of accountants.  Accounting expands each time a new store, a factory, a filling station, or a school goes up, whether in a large city or a small town. In today’s society, the demand for good accountants far exceeds the supply.

As our country has expanded, business and industry have become more and more complex, so control here is very important. And control depends on a great deal of the bookkeepers and accountants who can analyse figures and advise management on what should be done. They are using more scientific ways of changing money, figuring change, and collecting sales taxes. Moreover, department stores and other companies now have plants and offices widely scattered throughout the country. A new set of bookkeepers and accountants is needed at each branch.

I know there are many managements supervisory, and junior or senior executive positions are being filled by people who started as accountants because accountants have the knowledge of methods and finance and comprehension of the fundamentals of business, more employers prefer employees with some knowledge of bookkeeping and accounting.  

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