Accounting is more than gathering and collating of financial information. Accounting is the process of collection, recording, analyzing, summarizing, interpretation and communication of financial information of a business entity for the purpose of decision making.
Importance :
- Accounting is primarily important to state facts in a summarized way to various stakeholders like financial institutions, Share-holders, Management and public at large.
- Accounting provides the management with the information related to the financial condition of the business.
- Without a rational data, the management cannot take any strategic decision, in favor of the organization.
We at Accstra can change the way you forsee accounting , At Accstra accounting is seen to be the major direction provider to your business.