The Role of Accounting in An Organization Accounting plays a critical role in helping businesses handle complexity, inform decision-making, and satisfy the various demands of stakeholders and society in the highly competitive business climate of today. Let's examine accounting's many facets and its importance to modern business operation. There is a saying that accounting is the "language of business." To do this, financial transactions for people, groups, or businesses must be methodically recorded, analysed, and summarized. Providing financial data that supports stakeholders in making educated decisions is accounting's main goal. (Smith, 2022) Why is accounting so important? ...