Answer

Accounting and bookkeeping uses math to accomplish the record keeping that is needed by every business. Accountants and bookkeepers need to know math principles enough to be able to realize when they need to use it. Of course, calculators and spreadsheet programs aid accountants and bookkeepers with the math, but basic principles of math are still important. An accountant will take the records after the bookkeeper has done their part of recording the daily transactions and further analyze the data. By doing that, the accountant can then tell the management or owner of the business how well they are running the business. Many small business people don't understand that an accountant using math principles can tell them within a 95% degree of accuracy whether or not that company will be bankrupt within three years. Accounting is useful and powerful for those who know how to use it.

Expert:	Wayne Brasch
Pos. Feedback:	100.0 %
Accepts:
Answered:	10/24/2006

Accountant and Business C&onsultant

Master of Science in Taxation. Tax experience since 1963.