Every business or organization must utilize accounting to record, summarize and report business transactions. While the focus in this course is the use of accounting within a business, the same concepts can be used on a personal level.
How can you use accounting to manage your personal finances?
What are the benefits of keeping track of personal transactions - income and expenses - in an organized manner?
What are some of the possible risks if you don't keep track of personal transactions?
In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.