BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Understanding accounting is important to non-accountants because it helps them in establishing the foundation of accounting processes and procedure, managing individual level of productivity and establishing strategic plans for better understanding of financial reports.

Detailed explanation-2: -If you get an accountant or bookkeeper, they’ll clean everything up so you have accurate records backed up by documentation. They’ll even set you up with software that makes it much faster and easier to record future income and expenses.

Detailed explanation-3: -Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

Detailed explanation-4: -Following professional standards enables accounting professionals to act with integrity, objectivity and due professional care in a manner consistent with that of their colleagues, all of whom undergo years of initial and continuing education as well as significant on-the-job experience.