Accounting is one of the primary functional areas of administration.
The gathering, summarizing and analysis of cost and revenue data concern all organizations. The accountant plays an integral role in this process and in the decision-making that results from this process. Accountants are professionals whose contributions are respected by their employers and society. They are involved both with managers within an organization and with other professionals such as bankers, clients and auditors outside the firm. Knowledge of an organization's finances places the accountant in a position of key importance, increasing both job satisfaction and the potential for promotion.