Almost everyone practises accounting in one form or another on a daily basis.
Accounting is part of measuring, communicating, and interpreting financial activity.
Whether you are preparing a household budget, balancing your cheque book, preparing your income tax return, or running a large corporation you are working with accounting concepts and accounting information. The government, cities, boards of trustees and businesses all use accounting as a basis for controlling their resources and measuring their accomplishments. Everyone needs some knowledge of accounting if they are to act intelligently in meeting the challenges of our society. All levels of study include coverage of financial accounting and management accounting. There is a growing recognition of the value of higher qualifications.