Accounting is important for the financial system of business and individuals.
In particular accounting is vital for the survival of business. With an accounting, theyâ€™ll focus and specialise on all the financial aspects of a company.
There are also several different finance categories that range from tax right through to staff finance all of which rely on accountancy.
Often individuals will seek advice from an accountant in terms of their own financial management and many people who have large or complicated budgets have a dedicated accountant to help control their financial accounts.
Accounting is such a large and crucial category of business that itâ€™s considered an indispensable role, without it business will fail to grow or simply fail altogether.