Description
Accounting is a crucial field that deals with the process of keeping financial accounts. It involves recording, classifying, summarizing, and interpreting financial transactions to provide a clear picture of a business’s financial health. This discipline is essential not only for internal management within organizations but also for external stakeholders like investors and regulatory bodies. By maintaining accurate records and financial statements, accounting plays a pivotal role in strategic decision-making and ensures compliance with legal and tax requirements. Whether it’s a small startup or a large corporation, accounting informs business strategies, operational adjustments, and future financial planning.
