The Accounting is a technique, created to meet the needs of organization in the economy. Accounting is a practical, broad-spectrum disciplinary tool that uses precise and statistical methods to calculate accounts. Accounting is responsible for collecting any data or figure considered relevant, since even the smallest detail can alter an expected result.
The accounting area of a for-profit company is in charge of rendering the available capital as best it can. Used as a savings tool, accounting is a feasible and necessary technique in organizations that manage capital. The complex mathematical system that accounting uses covers a wide range of devices and subjects, among which statistics, financial mathematics, the study of marketing, mathematical analysis, production control, tax control, and even ethics stand out. vision and progress in group of the one who applies it, among others.
Accounting is also present in state institutions, government entities and private non-profit organizations, but unlike private companies, accounting is applied for the fair distribution and use of national assets and resources. Accounting plays a very important role in the development of a country; its deliberate application can have negative consequences for the economy, the impact of which is strongly reflected in the poor classes and low-income families.
But not only accounting is used in large companies or state institutions, when in a family nucleus, parents manage and record the expenses of food, education, transportation and recreation, they are using a historical accounting method which allows them to account for expenses and settle accounts to lead a quiet life " financially speaking "
That is why accounting is important, since controlling expenses is crucial when it comes to having responsibilities and executing plans. A family, an institution or an efficiently managed company, will be able to execute social welfare plans, just as families with effective accounting can plan vacations in addition to normal expenses, a company can invest in productive growth and expand its profit prospects.
