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But you will not see even a single content, who will say to you that accounting has big mistakes for business. Then, we google is showing the result in big quantity, answer is very clear. Google is doing nothing but those who do not know about a, b and c of accounting will want to know its disadvantages before learning this science.
So, they provide and google finds it from his famous result relating to other accounting related queries. I am working continually in this field since my first time study of accounting in So, after spending 14 years in accounting, I did not find even a single disadvantage in accounting.
But, technically this query should be disadvantages of accounting errors.
Because search is done by simple and known persons, so they also do not know the difference between accounting and accounting errors. So, I am explaining the disadvantages of accounting errors, here for general awareness on this topic.
A businessperson can loss his reputation in the market due to wrong dealing after faithing on error accounting reports. I will break my relation with that company for selling goods on credit. For example, suppose, a multinational company is doing the business in India and appoints some employees in India for his work.
Suppose, check should be issued in Indian currency payable in local bank but by accounting mistake, check is issued in USA dollar.
So, employees salary will be delay about 3 months. But if accountant did not do this mistake, employee of MNC can get his salary with in one month. So, this is big practical disadvantage of accounting error.
That is too bad. All departments like marketing, hr, research and production are connected with accounting and finance department. A single mistake in accounting department can disturb the normal working of all the departments. Even GDP may also affected with accounting errors.
Accounting errors can show us his horrible form.The technological revolution of recent years has brought with it many positives, but also quite a few negatives. I look at the advantages and disadvantages of technology.
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