Accounting helps society with many ways directly and indirectly which I can explain in following points
- Accounting is that part of education which makes society intelligent . After getting this knowledge , person can analyze what are my income and what are my expenses and what is my net profit . After this society can use their resources effectively.
- Accounting provides jobs to the society . Not only jobs but opens new doors of new profession and business . After knowledge of this technology , society can become self - Independent . It was the dream of Mahatma Gandhi . Accounting is fulfilling dreams of millions of peoples by making them accounting professionals and billion of earning are earned by Accounting teachers , Accountants , Accounting writers , publishers and Auditors in this world . I am proud on Accounting Education . I feel happy that I know accounting and writing on it and helping society by solving accounting problems and operating my blogging in accounting independently . Indian big Accounting Institutions like ICAI , ICWAI and all universities in which accounting subject is taught , are making self independent citizens for society who can develop society with their hard work .
- Accounting produces logic in the brain of human being . After regular study of accounting , human being can also learn to make budget and every work is done by well planned and according to resources of society .
- Accounting can help society by handling Corporate finance and money by recording it properly . Without this this education , big firms and companies never stay even one day because they know their resources and their liabilities with knowledge of accounting . Accounting teaches them simple rule of authorities and responsibilities . After this they understand , rights are like our assets which we gets from society and our responsibilities are our main liabilities which we have to return to society . Continuously development in accounting is the only way to develop society . What do we want in society ? Only two things . One is comfort and other is peace . We all know that society makes from group of people and accounting makes perfect to people . Every body after getting the knowledge of accounting will certainly behave as wise person and do his duty perfectly.