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Accounting Essay - Kemal Caesar Sutama What is the World...

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Kemal Caesar Sutama What is the World Going to Be without Accounting Accounting is defined as the theory and practice of setting up and maintaining records of business transactions in monetary terms 1 . Accounting exists in all layers of economy; from large scale firms down to a single household. It has become one of the most vital parts or departments in a business besides marketing, HR, IT, and others for it has significant role in assisting to financial decision-making, managing corporate finance and resources, etc. The absence of this study in the world, especially in the world of economy would indeed bring difficulties. Businesses will not be able to perform well and people are not able to make right financial decisions. Commonly, ranging from a small business to a large firm, accounting plays important roles. Book-keeping, inventory checking, issuing statements and recording transactions are examples of accounting activities. Without accounting, the impacts towards finance department in a firm
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