Benefit of accounting

User Avatar

Wiki User

2014-08-27 22:02:44

Best Answer

There are so many benefits of accounting. The basic ones include proper management of finances, it makes it easy to budget and plan for funds among others.

User Avatar

Wiki User

2014-08-27 22:02:44
This answer is:
User Avatar
Study guides

What is the body of law that governs the availability and use of federal funds

Who has the final word on how much money can be spent by a given agency or program under the separation of powers doctrine

How do you spell commitments

Which stage of disbursement accounting is also known as the accounts payable stage

See all cards
62 Reviews

Add your answer:

Earn +20 pts
Q: Benefit of accounting
Write your answer...
Still have questions?
magnify glass
Related questions

How does it benefit external users in accounting principles?

of accounting principles

How does the accounting system benefit businesses?

What are the components of Accounting information system?

Benefit and objective of cost accounting?


What is the benefit of an accounting software?

The benefit of an accounting software is that it provides fastest and most accurate computation of debits, credits, assets, inventories, taxes, expenses, salaries and many more.

What are the benefit of cost accounting?

The benefit of cost accounting is that you do not need to calculate the change in the costs when the price of your supplies increase. Your profits are simply your sales minus the cost of your inventory and minus the cost of your purchases. Cost accounting is ideal for a small operation.

Discuss the objective and benefit of cost accounting?

discuss the objective of business

What stakeholders might benefit from the use of international accounting standards?


How would having ERP Accounting Software better benefit consumers and businesses, than other types of accounting software?

For a consumer, ERP Accounting Software would definitely benefit, by allowing them to see how much they have spent in the past, and how much they plan on spending in the future.

Who is served by accounting and how do they benefit?

creditors,stockholders,government agencies and the general public.

What is the biggest benefit of an online accounting degree program?

The biggest benefit of an online accounting degree program is that is cheaper than a university or collage course. Doing it online means less time travelling for lessons too.

Benefits of cost accounting?

The main benefit of cost accounting is that it can be used to alert management on how to be more cost effective. It also helps companies plan for the future.

Benefits of responsibility accounting?

The main benefit of responsible accounting is that you will know exactly how your money came in and where it went. It is very important to keep accurate books when you are running a business.

People also asked