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Discuss why it is important for business as well as non-business majors to take at least...

Discuss why it is important for business as well as non-business majors to take at least one accounting course?

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Answer #1

Accounting course gives idea about the technicality of a business – how the net income is calculated, what is the financial position of the business, how the business is evaluated through ratio analysis, what are the GAAP, etc.

These are very important for keeping records and understanding those records – business majors keep records keeping on mind those technical aspects and non-business majors (like shareholders, bankers, or other stakeholders) get to study those records and understand those.

Therefore, without the knowledge of accounting, recording and studying of business can’t be done. This is its importance.

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