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Statistics is needed for accounting if you become an auditor. As an auditor you need to essentially test a company's financial records and, since it's impractical to go through absolutely everything, you need to pick a sample size that will give you a result at a certain confidence level.
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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
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
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.
