Understanding of Accounting and its Benefits - Halo Guys Bachelor of Accounting, In this article you can read today with title Understanding of Accounting and its Benefits, we have prepared this article well for you to read and take information in it. Hopefully the post content Article Accounting, that we write carefully, understood by you. Alright, Happy Reading.

Judul : Understanding of Accounting and its Benefits
link : Understanding of Accounting and its Benefits

Understanding of Accounting and its Benefits

1. Definition of Accounting

There are two main people we can make policies to find out what is sensitive.

First, from the American Accounting Association (AAA). Based on AAA, accounting is the process of identifying, measuring, and reporting economic information to enable measurement and decision making that is clear and appropriate for those who use the information.

While according to the American Institute of Certified Public Accountants (AICPA), accounting is recording, classification, precise and concise summaries in currency units, financial transactions and events and interpretation of results.

From here, in simple terms, information can be summarized into the process of identifying, measuring, recording, and reporting financial economic information that is useful for measuring and making decisions for those who support it.

Hearing the word "taking notes", there might be among the Reader who were immediately lazy. But, actually, this already has many benefits, you know! On a large scale, Accounting can be used to determine the status and financial condition of a company, obtain information from the level of corporate profits, the basis for determining taxes and company regulations. In addition, we can determine the level of risk associated with loans or credit.

Dizzy? If so, we will make it simpler than this bonus, huh.

2. Benefits of Accounting

1) As Financial Information for Requiring Parties

The financial information that we have compiled will definitely make it very easy for us, right, RG Squad? Imagine if you have a variety of financial transactions and then do not register. It could be that you will forget where the "go" of the money you have. You can only get it from your parents and know it out1. Now imagine a company with 2500 employees does not carry out an accounting system. It is possible that at the end of the month they will not receive a salary.

2) As Material for Financial Evaluation

By recording, we can know what we have to do in the future. Example: with accounting, you might realize that your finances are "dying" because it is often used to buy internet quota.

3) As Accountable Financial Proof

There must be a time when we have problems with other people because of money. Can the debt not be paid, or other things. With this accounting and financial records, you can account for your finances without guessing the price.

4) Helping to Record Family Economics

After you grow up and get married, financial problems are a fairly calculated problem in the household. Therefore, accounting is very necessary and useful. Why? Obviously because after building a household, many needs must be taken into account. This expenditure must certainly be taken into account with our income and partners.

The end of article Understanding of Accounting and its Benefits

So this is the article Understanding of Accounting and its Benefits this time, hopefully it can give benefit to you all. Alright, see you in another article post.

You know read this article Understanding of Accounting and its Benefits with link adress https://bacheloraccounting.blogspot.com/2018/11/understanding-of-accounting-and-its.html

Tweet