The Essence of Accounting Surrounding Us

     

            Accounting can be used in various ways, benefiting someones every day life. For example, a student could organize all of their scores, whether from tests, homework, or exams by compiling these scores into a spreadsheet. Looking at this data, the student is able to have a visual representation of what they need to work on in school. Such as if this student has lower numbers in the exam category, they would see how much they would need to study in order to bolster their scores.

            The main way accounting is used, however, is in finances. Colleges and universities, such as Michigan State, use accounting to estimate the costs of room and board, books, and meal plans. Kang, an expert on accounting and finances, exemplifies that using a spreadsheet to keep track of this data is an easy way to analyze it and figure out problematic areas. Accountants can be a good resource when looking for a new investment. They can advise their clients how much they should spend, and when they should spend it in order to not lose money. Whether we notice it or not, accounting is always around us, although very few of us know how to interpret this information to benefit us.
            

By Katie Howard

Citations:
Kang, Houn. "Accounting Skills You Can Apply to Everyday Life." Online Learning Tips, 9 Aug. 2013, onlinelearningtips.com/2013/08/accounting-skills-you-can-apply-to-everyday-life/. Date Accessed 29 Sep. 2017.