When hearing or reading the word accounting, some people may feel bored or bored, even ignore it. Maybe they think that accounting is full of numbers, counting, debit credit, addition, subtraction, multiplication, division until it will eventually become a report to be used in decision making for its users.
Some people think that "Accounting is not my field, why am I tired of studying accounting? How can I read financial statements, I never studied accounting? What's the point of studying accounting? I can meet my daily needs without any accounting.” The most important thing for some people is getting a lot of income to meet their daily needs is good without having to study accounting.
Or conversely, there is an assumption that studying accounting will not necessarily make oneself a rich person so that learning accounting is just a waste of time and energy. Even being an accountant is not necessarily the richest person in the world. Looking at the mindset of some people, there may also be some truth in learning accounting will not immediately make someone rich.
What is accounting and how important is it to study accounting? The American Institute of Certified Public Accountants defines accounting as the process of recording, classifying, and summarizing transaction events in the form of appropriate (effective) units of money and interpreting the results. In terms of language, accounting comes from the verb "to account" which means to take into account.
Since when does accounting exist?
Quoting the writings of Arfan Ikhsan and Herkulanus Bambang Suprasto in their book entitled Accounting Theory and Multiparadigm Research, accounting has existed since ancient times even in pre-Christian times as evidenced by several inventions, including Egyptian warehouses as a place to store valuables and tablets - Babylonian clay tablet containing notes about the amount of money and goods received, the name of the person who gave it, the name of the person who received it, and the date of the incident. In addition, there are also discoveries in Egypt of the "Zenon Papyri" records in the third century BC where Zenon was the administrator of a large section; and wax tablets of the Roman period containing notes.
Furthermore, modern accounting which is currently studied by students in schools and universities is known as debit and credit recording, which was present during the Italian Renaissance around the 13th century which was called double entry book keeping. The person who first codified accounting was Luca Pacioli in his book entitled: Summa de Arithmatica, Geometrica, Proportioni et Proportionalita.
If you look at its history, it can be seen that accounting is indeed indispensable in every aspect of human life, even though in ancient times it had not used paired bookkeeping. One of the main roles of accounting is the control of organizational costs.
By keeping records of all transactions that occur, it will be easier to do analysis for further decision making. What often happens is that people are lazy or think it is not important to record the transactions they do, for example food and beverage purchases.
Although the price or cost of the food or drink may be very cheap, if you add it up in one month, it can be very expensive. At the end of the month, it is likely that people will forget about what food and drinks they bought on the first days of the week of the month, let alone the purchase of food and drinks in the past month because the purchases were not recorded.
If people have sufficient or even excessive money, then the cost of buying food and drinks in one month will not be too significant or in other words not too heavy so that they think there is no need to record it.
However, most people will experience financial problems when they are in an uncertain economic situation or in a pandemic situation where many people experience unpleasant situations such as being laid off by the company where they work and it is difficult to get a bigger additional income. Quoting from Bisnis.com on May 5, 2020 with the title "Wow! Covid - 19 Can Make Poor People Increase by 12 Million", the Center of Reform on Economics (CORE) projects that the number of people living below the poverty line due to the Covid-19 pandemic could increased by 5.1 million to 12.3 million in the second quarter of 2020.
This condition requires people to immediately evaluate their financial condition to be able to adapt to the situation. Financial evaluation can of course be done if he has a record of the transactions he has done so far to be able to find out what costs have been the largest so far, how much debt must be due immediately, and other things.
If so far he does not have a record of his personal financial transactions, then there is one other alternative, namely remembering all the shopping costs that have been carried out in one month, then remembering all his debts and various other transactions, and then re-recording so that he can make transactions. evaluation of his personal financial performance. Remembering various types of transactions that have been carried out in one month may be a very tiring and time inefficient activity.
However, this is the only way to improve his personal financial performance. Even if he hires a financial consultant, he will certainly incur costs for the financial consultant and of course he will also be asked by the financial consultant about the transactions he has done so far so that financial analysis can be carried out by the financial consultant.
Maybe it's better to be an accountant for yourself than to ask a financial expert for help because the problem is the same, namely the need to know the transaction records so far. Thus, anyone who manages his personal finances must be ready to become an "impromptu accountant" or in other words an accountant who suddenly becomes a new profession in the midst of this pandemic.
How to become a professional “Impact Accountant”?
First
An accountant is definitely someone who carries out accounting functions. The initial stage in an accounting cycle is recording. Therefore, for people who do not have a record of their personal financial transactions, it is very important to start recording their personal financial transactions. It would be better if whoever he had the confidence to hold cash, he needed to be given the responsibility to record his personal financial transactions, it would be better if it was accompanied by proof of transactions.
For example, in a household, where the household “finance manager” delegates authority to each family member to record financial transactions. For example, a child who is given pocket money, then the child needs to record the transaction for the spending money every day or for example his mother who serves as a "finance manager" asks the child every day about the use of the pocket money given, then the child's mother records the expenditure.
Second
After personal financial transactions can be properly recorded and administered, a budget can be drawn up. In this case, everyone needs to arrange a priority scale of needs, for example starting from the most important needs to the less important needs or which debts are the most urgent to be paid immediately and which debts have a longer maturity date.
For example, in this pandemic condition, what needs to be prioritized in the household budget is the cost of food needs, water costs, electricity costs, and children's education costs. While the cost of buying luxury goods, sightseeing or recreation, and so on should be placed in the last priority. If household furniture is still very suitable for use, then you should not need to replace or buy new ones.
Third
It is important for everyone to have an attitude of caution in taking every action. For example, when cash is not sufficient to meet daily needs, the person needs to borrow funds from other parties or in other words debt using collateral. In this situation, the person needs to weigh the amount of interest and the time period set by the party providing the loan, whether later he will be able to pay the interest on the loan or not.
Fourth
Long-term planning is still important to make even in a pandemic situation. For example, when you have excess money, it is better to save a little of that income and have a commitment not to take the savings in a long period of time, for example three years or five years. By saving little by little from the income you have, it can later be used if there is an urgent need.
tag : study accounting,learning accounting,accounting accountant,accountant financial,studying accounting,ready accountant,being accountant,i study accounting,accounting is the study of,accounting impact,study financial accounting,learning financial accounting,accountant people,impact of accounting,impact accountants,accountant make,the study of accounting,impact of it on accounting,studies about accounting
Related Posts
- Samsung S25 Ultra: Gahar Tapi Ngeselin? Review Jujur buat Lo yang Ngebet Upgrade tapi Takut Kecewa!Bayangin lo lagi nongkrong di kafe, minum kopi sambil scroll TikTok, terus tiba-tiba muncul iklan Samsung S25 Ultra dengan tagline "The Future is Now ...
- Pengalaman Gila-gilaan Jadi Seorang CRM: Bukan Hanya Surat-menyurat!Ketika pertama kali menerima tawaran menjadi seorang CRM (Customer Relationship Manager), saya tak menyangka betapa gila-gilaannya pekerjaan ini. Bay ...
- Wow! Aku Mencuri Rahasia Mendapatkan Domain Gratis dan Hosting dari Domain Tua yang Keren!Hai, teman-teman! Nama aku Alex, dan hari ini aku ingin berbagi pengalaman seru dan unikku tentang bagaimana aku berhasil mendapatkan domain gratis d ...
- Pengalaman Payout Menghasilkan 1 Miliar dari Publisher Pengiklan Adsterra! Sungguh Menginspirasi!Hai, teman-teman pembaca setia! Kali ini, saya ingin berbagi pengalaman yang tak terlupakan dengan kalian semua. Saya ingin bercerita tentang bagaima ...
- Apakah Outbound Link Membantu Rank 1 Google?Seiring dengan meningkatnya persaingan di dunia maya, para pemilik situs web semakin gencar melakukan berbagai strategi untuk meningkatkan peringkat ...
- Unlocking Your Potential: Why The University of Edinburgh Course by Coursework Only is the Perfect Choice for Your Academic JourneyAre you ready to take your academic journey to the next level? Look no further than The University of Edinburgh's Course by Coursework Only program. ...
EmoticonEmoticon