- 08 Mar 2018 18:11
#14894622
Well, I can see why they categorize it as a science. It's not straight Math. There is a lot of theory involved in Accounting, believe it or not. A lot of it is about method and technicalities and nuances.
Accounting used to be manual so it hasn't been about technology until fairly recently. Some companies still haven't fully computerized their accounting system. Even where I work, the data isn't saved to the cloud and there are still paper copies in file cabinets. Major companies can afford huge servers but smaller companies cannot so they don't spend on cloud storage.
Here's a link that explains it better. https://bizfluent.com/how-does-4682007- ... ience.html
The Controller is the one that runs the reports and records the info in the financial statements.
SolarCross wrote:It's a craft rather than a science, i'd file it under T for technology or M for Math rather than S for Science. I actually think the STEM acronym is a little wonky as it has a redundancy in Technology and Engineering. Perhaps it should including Business, another craft which includes accountancy as well? BEMS?
Well, I can see why they categorize it as a science. It's not straight Math. There is a lot of theory involved in Accounting, believe it or not. A lot of it is about method and technicalities and nuances.
Accounting used to be manual so it hasn't been about technology until fairly recently. Some companies still haven't fully computerized their accounting system. Even where I work, the data isn't saved to the cloud and there are still paper copies in file cabinets. Major companies can afford huge servers but smaller companies cannot so they don't spend on cloud storage.
Here's a link that explains it better. https://bizfluent.com/how-does-4682007- ... ience.html
The Controller is the one that runs the reports and records the info in the financial statements.