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Accounting Essay
Accounting Essay
As a student, I believe that we can apply accounting skills in our daily lives. In some circumstances, we
cannot notice it but we are really doing it.
Making a budget
Every household requires to make a budget so that your expenses remains within the income. To avoid
overspending, people should prepare a budget and follow it religiously.
As a student, during face to face classes, we received allowances from our parents. We exercise
accounting skills through making budget or making a plan on hoe to spend our allowance.
An accountant does the same thing for an individual, organization, or business to make a profit. They
will look at the over-all financial aspects of the business and or organization.
Accounting skills can be applied to form wise financial investments. With the help of accounting skills,
you can invest your hard-earned finance on business like sari-sari store or even in a bigger scope.
During this time of pandemic, people are anxious about their future. They spend a lot of time assessing
and planning their finances for the future.
You can use your accounting skills to plan for your future. Retirement fund. Tuition. Etc.
Conclusion
In all these ways accounting skills help in the efficient financial planning of your household or business.
Whether it is making a thriving career or securing better grades in exam, accounting skills are useful in
daily life.
As future accountant and manager, I have been privilege to acquire accounting skills and probably I can
use it for the rest of my life.