Accounting Analysis of Google Incorporated

Accounting analysis of google incorporated

I feel that accounting is the language of business. It is the means by which relevant and reliable financial information can be communicated to the users who can analyze that information to make relevant business decisions.

Even if I don't choose accounting as a course of study, I will very likely need to be able to use information prepared by accountants when I find myself in any position in which I am required to make business decisions. That is not to say that financial information is the only factor that should influence my decisions; but it is a tool that it will be a great advantage for me to use, especially when I start my career.

Furthermore, each and every person uses accounting skills in their daily lives when making financial investment decisions. They also use it when assessing their interest rates in order to pay off their house mortgages. The final way in which they can use these skills is to balance their checkbooks and to calculate the rates of their car payments. These tasks may seem mundane, but to be able to effectively manage one's own finances is a great asset to have and greatly reduces the risk of potential financial issues one might have. For instance, when applying for a credit card, which I believe is crucial,

Apart from managing our finances, accounting is also indirectly associated to our personal lives. For example, when we want to spend money on something, we will determine the value of the things and think whether it is worth to buy or not. We will decide whether we will gain any profit or losses from that particular thing. From our real life example, if we wish to buy a laptop, we will ask all the information about the price and function of the laptop. After that, we only will decide whether the laptop is necessary for us and worth to buy or not before we do any decision to purchase it. As I become more financially independent, I automatically apply a cost-benefit analysis to my purchases such as the laptop example, or even when looking fro an apartment which is a lot more complicated and requires a deeper analysis.

Additionally, it not only vital for business students but also it is also vital for students in other disciplines to have fundamental knowledge about accounting for their personal advantage. As they grow up they will have to independently work with more accounting information such as personal income tax and student loan payments. The progression from a college student to a working professional is an abrupt eye-opening experience and a strong command of basic accounting, helps to create an aspect of ease when one doesn't have to rely on their parents to manage their finances. However, as an aspiring entrepreneur, I would say that basic accounting skills are invaluable and will give me a great advantage over others in similar positions but with