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Accountancy Is An Important Statement In The Modern Age

Decent Essays

Accountancy is a vital element in this modern era as it applies to the society. It is a term that is often used for businesses only but actually can be seen everywhere – from small stores to restaurants, schools , hospitals, individual’s own personal day-to-day life.
Throughout my IGCSEs I have developed a comprehensive understanding of accounting concepts such as its principles, liquidity management, preparation of financial statements and the importance of validation and control. Because of my keen interest in accounting, I decided to continue study the subject at A-level. What I didn’t realize by this decision was the depth of knowledge I was going to gain and how every single concept will become applicable to the real world. I spent most …show more content…

I never really realized the importance or the need of it before and the reason for that I believe is because I had a schedule during school and everything was done in a manner. But after rolling out of that bubble, I have realized that organizing workload and balancing studies with social life is a real tough task. It all appeared difficult at the beginning as I only get a day off from work and I had to allocate that time between my family and maths but I eventually started organizing the work and prepared a schedule. I have now become more self-discipline and efficient in my work.
Because I get paid for the work I do on a monthly basis, I have also realized the importance of budgeting and the fact that practical budgeting is far more different and difficult than what is taught in accounting at A-level. I believe budgeting is vital for everyone regardless of their age and anyone can benefit from it as it isn’t only applicable to those having trouble making ends meet. I have learned to delay my gratification so that I can pay for necessities first and not spend money …show more content…

I have taken part in multiple sports during school and because of my great passion in all kind of sports; my coaches have always had high expectations from me and demanded for perfection. I remember times when I haven’t been upto their mark but what I learned is that loosing teaches lesson that winning cant and I strongly believe that learning is an essential element in life and sports nurtures this gift. However, participating in various sports seeped into my personal life in a way that it made me realize the importance of responsibility and

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