GROUP NAME 10

Erisa Rinata Putri_ 21113002

Muhammad Firman _21113006
Dini Fitriani _ 21113008
Ayu Ramanda _ 21113010
Indira Lintang _ 21116007
Rinaldi Jusman _ 19108018
Fadhila Sufa _ 21113038

WHAT THE IMPORTANT OF ACCOUNTING SKIL

 BAGROUND PROBLEM

In a company, accounting plays a very important role because accounting can

provide information about the finances of a company. Accounting is part of an
information system that produces relevant financial information. Given the
importance of accounting for companies, every company is required to have a
good accounting system. If the system is not good, it is feared that it will produce
unreliable financial information. Besides being useful for producing financial
reports, accounting is also useful for supervision.
Accounting plays an important role in our economic and social system. The
right decisions taken by individuals, companies, governments and other
entities are essential for the efficient distribution and use of scarce resources
of the State. In order to make such a decision, the groups must have reliable
information obtained from accounting. Therefore, accounting is used to
record, summarize, report and interpret economic data by many groups in
the social economic system.

INTRODUCTION TO
ACCOUNTING SKILL

Accounting skill is an essential skill in the business world. It involves the

recording, analyzing, and interpretation of financial information. This skill is
necessary for businesses to make informed decisions, manage their finances
effectively, and comply with legal requirements.
Accounting skill is not only important for businesses but also for individuals.
It helps individuals to manage their personal finances, make investment
decisions, and plan for their future financial goals.
 FINANCIAL MANAGEMENT

Accounting skill is crucial for financial management. Financial management

involves planning, organizing, directing, and controlling financial activities.
Accounting skill is necessary for financial planning, budgeting, forecasting, and
cash flow management. With accounting skill, businesses can make informed
financial decisions, identify areas of financial weakness, and take corrective
action to improve their financial performance. Accounting skill enables
businesses to monitor their financial performance, measure their profitability,
and identify opportunities for growth and expansion.

 COMPLIANCE WITH LEGAL

REQUIREMENTS

Accounting skill is necessary for compliance with legal requirements.

Businesses are required by law to keep accurate financial records and
report their financial information to relevant authorities. Accounting skill
enables businesses to comply with tax laws, financial reporting standards,
and other legal requirements.
Failure to comply with legal requirements can result in penalties, fines,
and legal action. Accounting skill ensures that businesses meet their legal
obligations and avoid any legal issues related to financial reporting and
compliance.

 INVESTMENT DECISIONS

Accounting skill is important for making investment decisions.

Investment decisions involve analyzing financial data, assessing
risks, and evaluating potential returns. Accounting skill enables
investors to assess the financial health of a company, its
profitability, and its potential for growth. With accounting skill,
investors can make informed investment decisions, diversify their
portfolio, and minimize their investment risks. Accounting skill is
also essential for evaluating the financial performance of
investments and determining the return on investment.
 BUSINESS PLANNING

Accounting skill is necessary for business planning. Business planning

involves setting goals, developing strategies, and creating budgets.
Accounting skill enables businesses to create realistic budgets, forecast
their financial performance, and identify areas of financial strength and
weakness. With accounting skill, businesses can develop effective
strategies for growth and expansion, secure funding from investors and
lenders, and make informed decisions about resource allocation.
Accounting skill is also important for monitoring the progress of business
plans and making adjustments as needed.

 CAREER
OPPORTUNITIES

Accounting skill offers numerous career opportunities. Accounting

professionals are in high demand in various industries, including
finance, banking, insurance, and government. Accounting skill is
necessary for positions such as accountant, auditor, financial analyst,
tax specialist, and controller. With accounting skill, individuals can
pursue rewarding careers with competitive salaries and opportunities
for advancement. Accounting skill is also transferable across industries
and can be used to transition into other roles such as management or
entrepreneurship.