What is Accounting?

why is accounting so popular? What consistently ranks as one of the top career opportunities in business? what frequently rates among the most popular majors on campus? what was the undergraduate degree chosen by Nike founder phil knight, Home Depot co-founder Arthur Blank, former acting director of the Federal Bureau of investigation Thomas Pickard,and numerous members of Congress? Accounting, 1.why did these people choose accounting?They wanted to understand what was happening financially to there organizations. Accounting is the financial information that provides these insights.In short, to under-stand your organization,you have to know this number.

Accounting consists of three basic activities - it indentifies, records, and communities the economic event of an organization to interested user's.