How does accounting help society ?

How does Accounting help society?


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.

I think , if we study accounting deeply , then we find that accounting is like Gita book or Bible or all other holy books of world . I remember that I read basic accounting book first time in 10+1 commerce . After study of its strict double entry rules which are needed to record any business transaction , I felt that it guide also human being and society and says always that if you have taken any thing from other , it means it is not your , it is your liability and it has to give creditor . Same thing happens in society . We all take many things from society , we take the help from our parents , teachers , friends and other social network . It should be our liabilities which should show in the liability side of our balance sheet and which we have to pay by helping poor children and needy people of society . Every page of accounting teaches use the lesson of social welfare . I thanks also those person who discover social accounting , it teaches businessman that social responsibility must be the main aim of business . Accounting can easily measure it . Just to record all the benefits which is taken from society and all the benefits which is given to society . This is also great help of accounting to enterprise to access up to level of exceeding of benefits given to society over benefits taken from society .