Trusted teacherUniversity Tutorials for Finance & Management Accounting, Statistics and Economics form 1st year level upwards. High School Maths G8,9 upTranslate this text using Google Translate.
University Tutorials for Finance & Management Accounting, Statistics and Economics form 1st year level upwards. High School Maths G8,9 upTranslate this text using Google Translate.
Accounting refers to the process of recording a company's financial transactions. It involves analyzing, summarizing and reporting these transactions to regulators, oversight agencies and tax collection entities. The financial statements used in basic accounting are a brief summary of financial transactions over an accounting period, summarizing a company's cash flows, operations and financial position.
It provides the most vital information you need to understand how your business grows, makes money, where the profit of a business goes, and what your cash flow is. In short, if you do not understand the basic principles of accounting, you cannot run a business, nor can you even hope to help a business grow and profit.
Statistics is key in any industry , it identifies patterns and offer predications with accuracy