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Merits and demerits

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What are the merits and demerits of accounting?

The merits of accounting is that it helps in budgeting. The disadvantage is that it includes a busy time especially during the tax season.


What are merits and demerits of management accounting?

Merits of Management AccountingManagement Accounting helps in Budgeting by classifying and calculating costs and estimating the costs and revenues for the future. Management Accounting plays a major role in the internal decision making for the organization. Management accountants also find ways to manage the organization's resources in a better way by doing cost savings. Management Accounting makes it possible for the management to understand the needs of the organization and those of the different departments.Using Management Accounting is very important because it helps in managing the internal operations of an organization. Just as Financial accounting is vital for external investors and creditors, Management Accounting is important for the internal managers.


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An accounting information system will help businesses become more organized financially. An accounting system can make also make mistakes that employees won't catch.


Merits and de merits of chemical fertilizer?

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I am not certain that the described activity merits my attention. Do your merits outweigh your demerits?


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