There are several areas where the accounting is necessary among them there are three major areas where accounting is necessary that they are financial, cost, management accounting these are the areas were accounting plays a major role.
The financial accounting ease useful for ascertaining the results of business in a particular basisthis will help in determine the future of action. The cost accounting ditermine the value of direct costs and indirect costs this will improve the production performance from this value this will help in the increase of resources in the production business.
In management accounting, it is related with cost accounting it will combine the financial and cost information ina border.it will enable the financial statements and various accounting basis of increment of business and avoid all the costs for the development of business
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