Accounting Science of Assistance in Financial Management

Abstract

Today, the economic market is becoming increasingly unstable and insecure; accounting plays a decisive role in this context. This article aims to demonstrate the usefulness of Accounting as a science of aid in financial management. Ignoring accounting in an economic unit can mean declaring death, since without the assistance of accounting, it becomes impossible to know the economic and financial situation of the company, as well as to make a wise decision that adds value to it. All for-profit or non-profit organizations are in accounting; therefore, it has all the information regarding the economic and financial situation of the company, information that can determine the success or fraction of it, depending on prepared and capacitated men (financial administration), so that they can assist in accounting, make the proper interpretation and extract from it key information that provides the well-being of the company. The presence of accounting in an organization is not optional, is mandatory. Its maintenance in the market depends on it, because it is it that assists or provides the information to the interpreters and decision makers (financial management), to define strategies that lead the company to a good port.