Question
Please respond to the following post: Viewing accounting as bean counting vs.shady dealingis an interesting outlook I haven't considered before and argumentscan be made for
Please respond to the following post:
Viewing accounting as "bean counting vs.shady dealing"is an interesting outlook I haven't considered before and argumentscan be made for both sides. Accounting can definitely be seen as bean counting since it revolves tremendously around analyzing numbers and making sure accounts are accurate in order for a company to be successful financially. This can also be seen as shady dealing because accounting can also involve shifting funds around in order for there to be a financial gain for a company. An example of "shady dealing" could be when it comes to managing a budget. If accounting finds that funds have been unused and if left unused will decrease the budget in the future then it could be seen as shady to spend the unused money on something unnecessaryfor the company in order to keep the budget the same. Personally I believe accounting should be seen as "bean counting" because a company needs to know where the money is going and the best way to spend it. If that means funds need to be shifted for the betterment of the company then that's perfectly fine and shouldn't be considered as shady.
Accounting no matter which way it is viewed is extremely important for a company since money is the driving force of almost every company. A company that is able to make smart financially sound moves will be successful overall. Accounting ensures that the company knows where they stand financially so future business moves can be made with confidence later down the road.
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