Reflections 4

Since our last test we have been gone on break. We have been going over a lot of different details of a business and have recently been covering different business laws and the importance of accounting to a business. The laws we have been covering are ones that have shaped business to be they way it is today. One in particular, the civil rights act of 64, it is responsible for the end of discrimination in the business world. We have learned that accounting is important because it can be used by the different levels of management to see how the business is performing. It can be used by lower levels to simply keep track of stock and used by upper levels to see how the business is doing in a particular region.