What is the relationship of Accounting with other fields?
Accounting is very close relationship with maths , economics ,statistics , business study and other area.
Different formula used in financial , cost and management accounting can be satisfied on the basis of maths . In accounting , we records only economical transaction related to money or money's worth
And our govt. policies effects on our financial accounts .
Suppose if central govt. changes the rate of depreciation then our net profit and financial position will effect from this point . So we should necessary to understand the relationship of accounting with other field for better knowing accounting . Accounting , maths , economics and business study all makes good structure of a good economy .
Because if one field is not fully developed , its side-effect surely will be on other fields . Suppose if an statistics have to collect previous year market sales data but accounting of market is very poor so he will have to collect wrong data and different economic decision will be wrong . We can understand all field just as different parts of body , if one part is weak other surely effected from it .
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