Accounting is like the tail on a dog - it points to where the dog has been.
So good accounting tells you where the company has been. That can be useful to know. Accounting answers questions about past profitability, levels of assets and liabilities, and breaks down what the costs of doing business were.
The real challenge in business management is to know where to go next. Companies too focused on the past are like a dog chasing its tail - going in circles and getting nowhere. Good management requires the other end of the dog: looking at the future, hearing about trends, and smelling opportunities.
how does business and accounting affect in the society
The parties that are interested by accounting data of business are Accountants and auditors.
Accounting helps managers see what direction the business is headed in. With the right accounting department, a business can meet their organizational goals.
do you agree. "accounting is vital to the success of a business" explain
I would like to know what the limitations of business and accounting data is? I would like to know Accounting as a language of business suffers from which serious limitations?
sir i have a question that.. why we need accounting in business or what is the need of accounting in business
Accounting is often referred to as "the language of business."
how does business and accounting affect in the society
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Yes, there is accounting and financial accounting in business administration.
Accounting helps managers see what direction the business is headed in. With the right accounting department, a business can meet their organizational goals.
The parties that are interested by accounting data of business are Accountants and auditors.
Accounting is the way that business keep up with the money that comes in and goes out of their business.
Accounting is the way that business keep up with the money that comes in and goes out of their business.
do you agree. "accounting is vital to the success of a business" explain
Accounting helps people understand businesses based on the numbers associated with a business. Since the meanings of numbers are static, accounting is considered the language of business.
I would like to know what the limitations of business and accounting data is? I would like to know Accounting as a language of business suffers from which serious limitations?