Why Is Accounting Important? Why is accounting important in everyday life? Why is accounting important in everyday life? You're planning ahead financially, and the ultimate goal is a healthy financial future. Accountants also are consistently working to maintain and expand the financial health of businesses. Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions. What is the purpose of accounting? The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a business. This information is then used to reach decisions about how to manage the business, or invest in it, or lend money to it. So, can it be clearly said that without accounting we cannot successfully run a business? Let’s learn more about the concept of accounting comprehensively with the help of a presentation, shall we? Please refer.

Aiswarya MV

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