Runner Head: ACCOUNTING IN MODERN SOCIETY

Importance of Accounting in Our Modern Society

Importance of Accounting in Our Modern Society

Accounting is a very important prerequisite for our modern society. This is a career for men and women who are at the beginning of their eyes set on the leaders in the industry, management, government, and general business. Accounting is one of the basic needs of every business, from the operator stations to the United States Government. It is so important to our society. None of the business organization can operate without a. They are out there somewhere in any business. In a small business, people use pen and ink and the ability to keep records. In big business, modern machines are used for accounting work. Men and women direct these machines in the process of accounting. Wise businessmen to enter the business must have some accounting knowledge.

Accounting is an essential element of business. He registered the business grew, and analyzing data, suggests how it should go in the future. Fortunes are bet on the advice of accountants (Ainsworth, 1996).

If your friend has never worked a business, and you saw him placing the figures in the books, you've seen him do the accounting. If you worked at a service station or supermarket and saw a book with large sheets of lined in green and red lying on the manager of S table or desk, you saw the book keeping.

Accounting is one of the fastest growing fields in the United States; it expands every time a new store, factory, gas station, or school comes up, whether it is in a big city or small town. In modern society, there is the demand for a good accountant to exceed supply. As our country expanded, business and industry are becoming more and more complex, so control is very important here. And control depends on a lot of accountants and bookkeepers who can analyze the figures and advise management on what needs to be done. They use a more scientific way to change money, believing that change, and the collection of sales taxes. In addition, shops and other companies are now plants and offices scattered across the country. A new set of accountants and bookkeepers, it is necessary in each branch. I know there are a lot of management oversight and junior or senior executive positions Bing is filled with people who started as accountants, bookkeepers as knowledge of methods and a basic understanding of finance and business, and accounting is the basis for healthy business.

Two kinds of accountants, auditors and accountants of private serve several important functions in a business organization. Commercial enterprises, government agencies and nonprofit institutions such as universities and churches more often use public accountant. They offer their services to the public on a fee basis in much the same as lawyers, doctors and dentists. In addition, large firms have professional accountants on its staff that work for wages, and also addresses the accountants. Two important areas, audit and tax services also work for ...