Why do we need accounting?

Why do we need accounting? Some might think, that accounting is only a boring and unnecessary redundancy and that it exists only due to regulations and legal requirements. But the opposite is true. Accounting exists because it plays an extremely important role in running a business.
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Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!
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[@anirudhpraveen7410]

Finally uploaded... But the video was worth the wait. Want more of accounting videos in detail for sure

[@dnath1234]

Thankyou this video showed me the importance of accounting and I always thought accounting as a boring subject and was always lacking attention towards this subject but now I'm gonna change this.

[@thanurajasekar4282]

I have no idea why this channel has still not reached 1M subscribers😑

[@lunamorris2091]

Tons of valuable information, thank you so much. It helped me a lot.

[@nicolasking1996]

Yes! More videos about acccounting would be great

[@Imfrommars444]

I want to do accountanting but I'm also interested in doing finance and business. Those are related fields but I haven't made up my mind on what degree I want to go for.

[@Youbeentagged]

Generally speaking, Accountants use their degrees more than the people doing business. And you can learn most of business through a masterclass. So, if you're planning on getting a degree, accounting will be more useful.

[@enochduah3066]

I am an accountanting major but I want to become an actor.

[@funactive1880]

Go for CFA + CPA

[@tomorrowsveggies296]

Just found this channel. I love it!

[@briankelly1240]

Trying to start a business, thank you for this!

[@vividvision99]

Everyone wanna start business but no one doesn’t know importance of accounting or willing to learn that.

[@apricotcomputers3943]

Yep!

[@lucky-mud]

Should I take an accounting class in college even though I don’t plan to major in anything related? i.e., would it be useful for personal finance/small business management?

[@motovation101mediation8]

Yes you should

[@freesk8]

Yes. Take intro accounting. Looks great on a transcript. Also, intro Micro-economics. Sadly, Macro-economics is much less useful, and much more prone to left-wing political bias. There are also intro Marketing courses that might be helpful if you will be an entrepreneur. Web development might be useful, too.

[@lucky-mud]

@@freesk8 unfortunately my university doesn’t have any marketing classes, but thanks for the advice!

[@freesk8]

@@lucky-mud If you just care about the skills, and not the credentials, there are great books you can read about small business marketing that are even focused on your target industry! If that is all you need, then reading one good book might actually be better than a college course! :)

[@marvinstenersen8083]

More of this please! 👌

[@DreamFirms]

Great animation and very informative video!

[@fortniteentusiast]

yeah buddy your on the edge playlist

[@bunnyblaster5859]

Is anyone tell me main purpose of accounting is to check financial position and to expand business and for investors too. And if you know more purposes of accounting please let me know by replying my comment 🙏🏻

[@was3123]

Make videos about audit too

[@marunio435]

For every businessman accounters are needed for one more thing. They are buying their time.

[@105rogue]

keep up the good work great channel!!!

[@AmitKumar-uc8bz]

More accounting video

[@josenabung8157]

Good way to explain its important. More video pls

[@ShivamSharma-fy2ot]

Well explained.

[@motovation101mediation8]

Account is important

[@AdelitaWilliam-dl7ci]

Excellent video! Thank you very much for your hard work.

[@davidsdinero]

There will always be a need for accountants in the world but the entrepreneur has the potential to make more money. I rather risk it and take a chance of failing

[@ezedaniel1100]

Pls more videos on accounting

[@SpaceN.i]

❄️❄️❄️❄️

[@GhwalvaAli]

❤

[@radha94]

Could you please make a video about Why is American colleges so expensive, and How to reduce the cost of colleges In your next video

[@dawdasonko2101]

When did accounting exist

[@seopoet]

If you need an accountant for this kind of calculations, you'd be better off not starting any business at all :)

[@wildbeast221_9]

Yes thank you guy that comments On KZbin videos