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Why do we need accounting? 

EconClips
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Why do we need accounting? Some might think, that accounting is only a boring and unnecessary redundancy and that it exists only due to regulations and legal requirements. But the opposite is true. Accounting exists because it plays an extremely important role in running a business.
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Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!
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29 сен 2024

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Комментарии : 37   
@anirudhpraveen7410
@anirudhpraveen7410 3 года назад
Finally uploaded... But the video was worth the wait. Want more of accounting videos in detail for sure
@Imfrommars444
@Imfrommars444 3 года назад
I want to do accountanting but I'm also interested in doing finance and business. Those are related fields but I haven't made up my mind on what degree I want to go for.
@Youbeentagged
@Youbeentagged 3 года назад
Generally speaking, Accountants use their degrees more than the people doing business. And you can learn most of business through a masterclass. So, if you're planning on getting a degree, accounting will be more useful.
@enochduah3066
@enochduah3066 2 года назад
I am an accountanting major but I want to become an actor.
@funactive1880
@funactive1880 2 года назад
Go for CFA + CPA
@dnath1234
@dnath1234 2 года назад
Thankyou this video showed me the importance of accounting and I always thought accounting as a boring subject and was always lacking attention towards this subject but now I'm gonna change this.
@lunamorris2091
@lunamorris2091 Год назад
Tons of valuable information, thank you so much. It helped me a lot.
@vividvision99
@vividvision99 Год назад
Everyone wanna start business but no one doesn’t know importance of accounting or willing to learn that.
@lucky-mud
@lucky-mud 3 года назад
Should I take an accounting class in college even though I don’t plan to major in anything related? i.e., would it be useful for personal finance/small business management?
@motovation101mediation8
@motovation101mediation8 3 года назад
Yes you should
@freesk8
@freesk8 3 года назад
Yes. Take intro accounting. Looks great on a transcript. Also, intro Micro-economics. Sadly, Macro-economics is much less useful, and much more prone to left-wing political bias. There are also intro Marketing courses that might be helpful if you will be an entrepreneur. Web development might be useful, too.
@lucky-mud
@lucky-mud 3 года назад
@@freesk8 unfortunately my university doesn’t have any marketing classes, but thanks for the advice!
@freesk8
@freesk8 3 года назад
@@lucky-mud If you just care about the skills, and not the credentials, there are great books you can read about small business marketing that are even focused on your target industry! If that is all you need, then reading one good book might actually be better than a college course! :)
@nicolasking1996
@nicolasking1996 3 года назад
Yes! More videos about acccounting would be great
@tomorrowsveggies296
@tomorrowsveggies296 3 года назад
Just found this channel. I love it!
@BÜNNY·CR7_1204e
@BÜNNY·CR7_1204e Год назад
Is anyone tell me main purpose of accounting is to check financial position and to expand business and for investors too. And if you know more purposes of accounting please let me know by replying my comment 🙏🏻
@thanurajasekar4282
@thanurajasekar4282 3 года назад
I have no idea why this channel has still not reached 1M subscribers😑
@briankelly1240
@briankelly1240 3 года назад
Trying to start a business, thank you for this!
@marvinstenersen8083
@marvinstenersen8083 3 года назад
More of this please! 👌
@AmitKumar-uc8bz
@AmitKumar-uc8bz 3 года назад
More accounting video
@DreamFirms
@DreamFirms 3 года назад
Great animation and very informative video!
@was3123
@was3123 3 года назад
Make videos about audit too
@105rogue
@105rogue 3 года назад
keep up the good work great channel!!!
@davidsdinero
@davidsdinero 3 года назад
There will always be a need for accountants in the world but the entrepreneur has the potential to make more money. I rather risk it and take a chance of failing
@apricotcomputers3943
@apricotcomputers3943 3 года назад
Yep!
@marunio435
@marunio435 2 года назад
For every businessman accounters are needed for one more thing. They are buying their time.
@SpaceN.i
@SpaceN.i Месяц назад
❄️❄️❄️❄️
@fortniteentusiast
@fortniteentusiast 10 месяцев назад
yeah buddy your on the edge playlist
@josenabung8157
@josenabung8157 3 года назад
Good way to explain its important. More video pls
@dawdasonko2101
@dawdasonko2101 Год назад
When did accounting exist
@ezedaniel1100
@ezedaniel1100 3 года назад
Pls more videos on accounting
@motovation101mediation8
@motovation101mediation8 3 года назад
Account is important
@GhwalvaAli
@GhwalvaAli 8 месяцев назад
@ShivamSharma-fy2ot
@ShivamSharma-fy2ot 3 года назад
Well explained.
@seopoet
@seopoet 3 года назад
If you need an accountant for this kind of calculations, you'd be better off not starting any business at all :)
@wildbeast221_9
@wildbeast221_9 Год назад
Yes thank you guy that comments On RU-vid videos
@radha94
@radha94 3 года назад
Could you please make a video about Why is American colleges so expensive, and How to reduce the cost of colleges In your next video
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