There are many miss understanding of the importance of accounting. Most of the people think being an accountant is an easy job to do, however, it’s the as simple as they think. Results and data from accountants is also an important criterion when making a decision of a company. It’s very necessary for accountants and ones planning to take accounting as a major to look at it seriously. Accounting is a job that links to many important aspects of the company.
In the book of Strategic Finance” by William F. Knese, one of the chapters “Management accounting is important”, discussed the point of management accounting being an essential job in different perspectives. Knese (2013) works in management accounting, as he is the accountant of a company. As he concludes, the work of an accountant is not just meant to prepare the financial statement for a company; it’s related to many important aspects of the company. It could, for example, also help the leadership of a company to create more profit for the company. Giving the financial statement lets the decision maker, and the company knows what are company expenses should be encouraged and help to make wealth, and which should stop.
I believe all job is essential in many aspects. As of company, missing each little part will affect the function. Having a decision maker that leads the economic paths of the company might make the company lose its way, but having lazy, unethical accountants or another employer will jeopardize some decision of the maker. For instance, if there is a mistake on the financial statement, a project of the company can turn from making a profit to a surplus loss The decision maker might decide to put more money, workforce and material resources into a terrible project. The result of that will be grisly. Some people think the job of an accountant is in such easy ways that you just need to organize the numbers, think it’s a simple job that it can make a massive difference to a company. However, It does affect other departments of the company.
Knese (2013) Strategic Finance: Management accounting is important. Retrieved from http://go.galegroup.com.remote.baruch.cuny.edu/ps/i.do?&id=GALE%7CA337528938&v=2.1&u=cuny_baruch&it=r&p=AONE&sw=w&authCount=1#