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Q: What are the rolesof statistics in accounting profession?
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Related questions

What are the accounting area governing accounting profession?

what are the accounting areas governing accounting profession


What is the scope of statistics in accounting?

The scope of statistics in accounting is very broad and the two of them are correlated. Most of the accounting procedures will depend on statistics.


What is the relationship between financial accounting and Statistics?

what is the relationships between statistics and accounting


Why would someone choose accounting as a profession?

Someone who is good with math and numbers would choose accounting as a profession


How has fraud had an impact on the accounting profession?

Fraud has impacted the accounting profession by introducing increased regulations. The Surbanes Oxley Act was partly a reaction to accounting fraud.


What is the role of statistics in accounting?

Statistics play a very vital role in accounting. They help in the interpretation of data which is crucial for making proper accounting decisions.


What is the important of stastistics to accounting?

What is the Important of statistics to Accounting?


What is relation between accounting and statistics?

relation between accounting and statistics is:it helps in the rational [true} decision making. statistics is concerned with typical value, behaviour or trend over a period of time of series of observations. statistics are useful in developing accounting data and their interpretation


How is statistics practiced in accounting field?

Statistics are used in accounting to track expenses and assets. It is also used in bookkeeping and preparing income taxes.


If you are only accounting student working in accounting do you call it accountant?

First of all, with language skills like these, you need not be in the accounting profession. An accountant is one who practices accounting as his/her profession. Therefore, I would argue that students involved in higher level accounting education are still considered to be students, rather than accountants.


What is the 5 main function of accounting?

The 5 major functions of accounting are recording, classification, analysis and Interprets, Communication and Summarizing. These functions defines the accounting profession.


What is the importance of statistics in accounting?

statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.