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Because accountant is always dealing with clients and director of the cooperations. They need good communication skills to explain their financial statement, annul report, and etc.

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14y ago

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Do you agree that accounting is vital to the success of a business?

do you agree. "accounting is vital to the success of a business" explain


Succes of accounting to our country?

The success of accounting in our country has led to proper utilization of the national resources.


What is the relationship of accounting in the management of an organization?

It's a question of resources, isn't it? Management accounting is the evaluation of the organizations' resources, and a complete knowledge of one's resources is necessary for business decisions: planning (identifying goals & objectives), organizing (structuring departmental resources to meet said goals), leading (maintaining morale & managing communication and employee relationships), and controlling (determining measurements of success and developing toward achieving them).


What are objectives of accounting?

1.Ascertainment of operating result: Branch accounting is ascertain operating result of each Branch. 2.Ascertainment of financial position: Branch accounting is required for periodical ascertainment of financial position(i.e. position of assets and liabilities) of each branch. 3.Fulfillment of legal requirements: Branch accounting is needed to fulfill the requirement of the Companies Act in respect of Branch Audit as per Section 228. 4.Ascertainment of return on investment: Branch accounting helps in ascertain of return on investment of each Branch. 5.Causes of success or failure: Branch accounting provides information about Branch functioning in detail and thus helps Head Office to arrive for the reason of success or failure of a each Branch.


Why do you need to study accountung?

Studying accounting is essential because it provides a foundational understanding of financial principles that are critical for personal and business decision-making. It equips individuals with the skills to analyze financial statements, manage budgets, and understand cash flow, which are vital for any career in business. Additionally, accounting knowledge enhances strategic thinking and problem-solving abilities, enabling individuals to contribute effectively to organizational success. Ultimately, it fosters financial literacy, which is important for personal financial management.

Related Questions

Do you agree that accounting is vital to the success of a business?

do you agree. "accounting is vital to the success of a business" explain


Why was the networks of roads important to the success of the Inca empire?

To meet the challenge of communication


What is the single most important factor in determining the success or failure of a project?

Communication


What are some personal skills that are important for success in the workplace?

Some important personal skills for success in the workplace include communication, problem-solving, time management, adaptability, teamwork, and leadership.


How important is the evaluation of communication skills in determining the success of an individual in their professional career?

The evaluation of communication skills is crucial in determining an individual's success in their professional career. Effective communication is essential for building relationships, collaborating with colleagues, and conveying ideas clearly. Strong communication skills can lead to better job performance, career advancement, and overall success in the workplace.


Succes of accounting to our country?

The success of accounting in our country has led to proper utilization of the national resources.


How to ensure the success of verbal communication?

how to ensure your success in class


What do you believe are your key strengths and contributions to the Firm success?

accounting technique


Why was the network of roads important to the success of the Inca Empire?

The network of roads was important to the success of the Inca Empire because it facilitated communication, trade, and transportation of goods and troops across their vast empire. This extensive road system helped to centralize control and unify the diverse regions under Inca rule.


How important are communication channels in relation to message content?

appropriate choice of communication channel (medium) contributes significantly, along with the words, to the success of a message. Appropriate choice helps senders communicate clearly


How do you pull a team together?

In order to pull a team together there needs to be communication with workers to state their preferences. Celebrating the team's success is also important.


Effective communication is one of the parameters of success in any endeavor?

saven 'c of communication and example?