What Is Accounting?

What is accounting and what do accountants do?

• I'm currently a senior in high-school, and I plan on going to college in the fall majoring in accounting. I've always had a thing for numbers, and I've managed my dads ...show more

• Answer:

  I took accounting when I was a junior in high school. They are the "cream of the crop" cuz they keep records and make records of transactions of many companies. That's basically all they do. They record transactions using the equations: Assets = Liabilities + Owner's Equity, where the transactions occur. So you can see that using this equation, the transaction have to balance out all the time, but the problem is that many times they don't because of: 1) fraud 2) inaccurate counts of money (we're only human) 3) someone stole some money 4) money is lost somewhere (physically) 5) someone is ******* with you If you don't mind the repetitive task of adding and subtracting and having to deal with unbalanced equations, then you could still earn a good deal of money from this job (especially becoming a CPA)