Accounting

 What Is Accounting Anyway ?

Every office worker has occasionally had to visit accounting. They are the ones that send out and pating. But it's not all that they do. Known as "bean counters" at times, they monitor earnings, expenses, and deficits. Without accounting, you wouldn't be able to determine whether or not your company is profitable unless you were also managing it and serving as your own accountant.They are the ones that send out and pay the bills that keep the company operating. You wouldn't be able to determine how lucrative your company is without accounting, unless you were operating it yourself and serving as your own accountant.

Accounting rules state that you should either save money or spend it all at once. 

Which other industries depend heavily on accounting? Farmers must adhere to strict accounting guidelines, though. Many of them rely on loans to grow their crops in order to operate their farms year after year. They can pay off their loan if it's a successful year; if not, they may have to extend the loan and pay more interest. 

Every individual and corporation must have some kind of accounting system in place. If not, they risk having their money disappear, losing track of their spending, and not knowing whether their business will profit or lose money. If you are intelligent, you will keep up with accounting on a daily basis, whether for a single checking account or a multibillion-dollar corporation. Failure to do so could result in a loss statement to shareholders or a rejected payment. These two situations could be equally terrible.

Accounting is essentially the study of information, which is reported on a regular basis in the corporate world as an income statement or profit and loss statement.