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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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∙ 16y ago
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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.
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 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.
What is the meaning of accounting education?
Accounting education is the what you learn about accounting. You can either go to school or learn the information at your job.
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.
Where can one learn accounting on the web?
I'd recommend "QuickBooks" which is a great accounting program. The only issue is that it's rather tough to understand that's why there's a great affordable course to learn QuickBooks online that I used myself for my business operations. Link in my Bio if you want to check it out...
Where can one learn more about what is accounting?
One can learn more about accounting on various websites like Ask and Wikipedia. Both websites offer a great amount of information about learning accounting.
What will you learn in an account class?
Accounting class is a class in which you learn the fundamentals of accounting. Accounting is using math to account for financial assets and involves basic math, such as addition, subtraction, and finding percentages.
What has the author Robert M Trueblood written?
Robert M. Trueblood has written: 'Sampling techniques in accounting' -- subject(s): Accounting, Sampling (Statistics)
