Question

what are the shortcomings of teaching accounting only as a skill

Answer 1

The roles that professional accounting play in ensuring an organization's financial stability can not be overemphasize . Accountants create and maintain various systems for recording and reporting finances , as well as explaining and verifying their accounting facts and figures . The benefit of accounting to the financial healths of a company or organization stems from the accountants ability to craft a numerical snapshot of an entity 's current standing and predict with professional s insights what to come financially in the short and long term.

The information collected and analyzed by accountants provides indispensable information about a company's financial status , helping to identify strengths , address weakness , and provides information that helps determine a organization success or failure.