As we know, we are live in
modern era. Our society and community become more civilized. Especially in this
century, big different changes are occurring in the process business and
trading. Moreover dealing in business environment becomes more difficult and now
unqualified individuals are not being able to survive. In this worse situation
accountants play an effective role in the financial market.
Now Presence of accountant in organization is essential for development and
success of any organization. It will help the organization to organize data in
proper manner. They include classifying the assert, expenditure, account
receivables and account payable. And summarize the transactions. All the
organization needs to know how to manage financial system of company. Company is
also need accountant for evade the frauds and cheating in business. company use
the organization to improve efficiency and effectiveness of organization . And
enable the company to earn maximum profit as much as possible.
Summarization of transactions and preparation of financial statement able the
owner to know about profit and loss. Accounting is only a way to find a
financial condition of organization. Proper way of documenting detects the
chance of suspicious transactions. Financial accounting is also help the owner
to make proper investment .
Proper accounting is also beneficial for the development of economy because
proper sumarization of financial statement enable the company to pay all taxes .
Correct accounting information enable the government to easily understand the
financial condition of organization .
So thats why it is crystal clear that accountants is essential for the
development of organization and economy of country . some us think that it is
not good profession and not worthy in market . but I want to say it is most
reputable profession. So government should make new opportunities for higher
education in this field .