Chapter 1 Introduction to Accounting

Accounting is vital to a strong company, keeping track of the business' finances and its continued profitability. Without accounting, a business owner would not know how much money was coming in or going out, or how to plan for the future. The actions taken by accounting professionalsfrom bookkeepers to certified public accountants（CPAs）-make it possible to monitor the company's financial status and provide reports and projections that affect the organization's decisions.