advantages of accounting

User Generated

xpunivrf

Business Finance

Description

Discuss the advantages of understanding accounting as it relates to your current or future position. (Consider careers in management, sales, business operations, finance, and business ownership.

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Explanation & Answer

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Understanding accounting in my current position as an application developer in important because it helps evaluate my business financially and apply skills earned in the course to maximize output while minimizing inputs. Through it I am able to plan with certainty, make right decisions and even take control measures to keep moving.

In future I plan to own several development companies and accounting knowledge will help in managing and controlling resources  as well as maintaing high quality book keeping culture. I will also be able to understand legal matters related to accounting.

Please let me know if you need any clarification. I'm always happy to answer your questions.


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