• Financial Accounting
• Administrative Accounting
Importance of Accounting
- Thanks to accounts that we can know at any time how many exact amounts we owe in business and which ones are owed to us.
- Allow differentiating the expenses created by the owners over those generated by the business itself.
- Its study and application alert us of the general expenses and the investments we made for business development.
- It helps us to know what is the production cost of a particular service or product allow us to find out the price for which it should be sold.
- At any time we can know the money we are earning, or losing.
- Thanks to the balance sheet and the income statement, that we can easily find out what our current financial situation is and how much progress we want to make for business development.
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