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Accounting is both an art and science.
Accounting is an art because it can be learnt by practice and not by mere listening to it like scientific rules. Every accountant is not the same. Many are good and other make mistakes, like every person is not a great artist. A person who has more experience in accouting, will be able to understand every new transaction, new developments and new changes in accounting more easily than an inexperienced one.
It is science because it is based on many rules, concepts, conventions andassumptions. If everything goes accordingly, your balance sheets match, trial balances match and profits can be calculated correctly. But even if a singleaccounting concept is mishandled and transaction is entered incorrectly, it brings propagation errors. We need to go back every step to trace it, which is very exhausting. So it's a science.
What else can I help you with?
Is Accounting as an art or science?
Accounting is a science.
Is financial accounting an art science or both and why?
Financial accounting is an art and a science. ÊThe art of accounting is recording, reporting, and analyzing. Finance is the area that is being studied in accounting.Ê
Accounting is an art and also a science discuss?
Accountants using theories and methodologies of the discipline making it a science. They are also creative and think critically, making it an art.
Who made accounting?
Accounting is a most ancient art/science, probably is third behind counting and speech. As it predates any form of writing the history of its invention and development was never recorded.
Can a high school science graduate make a college do over and go into accounting?
Yes,you can switch on to accounting even you have science background. You will need to understand the basic concepts of accounting because the whole accounting is based on it`s concepts and principles,they should be learnt properly for performing accounting.
Is Accounting as an art or science?
Accounting is a science.
Is accounting a science or a art?
Accounting can be considered both an art and a science. This is because accounting is a very complex task for most people.
Is financial accounting an art science or both and why?
Financial accounting is an art and a science. ÊThe art of accounting is recording, reporting, and analyzing. Finance is the area that is being studied in accounting.Ê
Is accounting an art and a science?
It is a bit of both.
Is accounting art or science?
accounting is both an art and science.........but more than science it is an art.because it fulfills the both aspect of an art(knowledge+ systematic work pattern).it fulfills only one aspect of science(knowledge for doing work in a system) but there is no logic or fact behind every accounting concept or rule ..........science based upon fasts and logic..
Accounting is an art and also a science discuss?
Accountants using theories and methodologies of the discipline making it a science. They are also creative and think critically, making it an art.
Is accounting science or an art?
No - Accounting is a science. Just as mathematics is. Now, perhaps creative or rather less then straightforward accounting may be considered an 'art' but with no more credibility than a cat burglar considers his singular skill to be.
What is the science or art of building called?
Cars
Why is accounting called a science?
Because Winnie the pooh put steroids in his honey!
Is a criminolgy is an art or science?
Criminology is science. What is called, 'Art' is actually good intelligence combined with much training and experience.
Who made accounting?
Accounting is a most ancient art/science, probably is third behind counting and speech. As it predates any form of writing the history of its invention and development was never recorded.
What is the art and science of making and interpreting maps called?
cartography
