Accounting means recording, filing, and reporting, of all the transaction related with money. Nowadays, it has emerged as one of the greatest fields of study. There is no organization or company in the world which is able to run his business without these. Therefore, basic knowledge about the principles of accounting is a must to be able to find a job. As it deals with the financial statements, therefore it is necessary for all the businesses to judge their financial position and plan about their further investment. In almost all the countries of the world, it is being taught as a compulsory discipline to cope with the needs of the society. Singapore is also no exception where a large number of home tuition available. There are many reasons of studying this discipline at almost all levels. Some of the most important are:
1-Provides Us with a Direction
The very first and the most important advantage of studying accounting is that it gives us a direction. We know our destiny as to deal with numbers. A student of accounting has clear vision of his future. He understands his importance for the society and tries to become a useful member having a clear-cut mission.
Another very important reason of studying accounting is the growth in this field. Due to its various types and applications, it has become a necessary part of every organization. This leads to a great career growth in this field. It is actually a very dull subject and everyone cannot master it. However, if a person masters all its principles, he becomes an unmatched asset of his organization.
The next reason for studying accounting is its increasing demand. The accountants, and the managers in finance field are responsible to prepare the budget for an organization. Due to this budgeting technique and their help to guide the organization to remain within budgets are the most important benefits. Research has proved that the demand for accounting professionals is increasing 6% to 7% every year and this will cross 10% by 2020.
High financial benefits for the professional are another reason for studying this subject. Usually, the accountants are among high paid staff and they are also given many other benefits as pension, healthcare, and many other benefits.
In conclusion, we can easily say that studying accounting is a lot necessary and in countries like Singapore many home tuitions are quite easily available.