What is accounting?

First, to know the importance of accounting, you must understand the nature of what accounting is. Accounting is the collection, processing, analysis, checking, synthesizing, and providing of information in the form of value, artifacts, and labor time.

Thus, to understand the financial health of a business, it is necessary to have accounting perform tracking and synthesizing related data to provide information to users. Depending on the purpose of use, accounting information is classified into two types: financial accounting and management accounting.

Financial accounting will mainly provide information to subjects outside the enterprise such as banks, investors, tax authorities, partners, etc. so they can make corresponding decisions, and this information system must strictly comply with State regulations.

Management accounting will be the information system serving corporate managers to perform management functions such as controlling, operating, and decision-making.

Importance of accounting in the current era of technological development?

Organizations from economic, non-profit, to state agencies all use accounting information for the purpose of assessing the unit's resources, operational efficiency, and proposing improvement solutions to achieve goals.

Currently, the higher the era of technological development, the more technologies are applied in different fields; especially accounting is a \"backbone\" occupation that helps connect an organization with information users effectively, so the application of high technology is indispensable. Modern accounting software, optimal information systems, AI technology, etc. have contributed tremendously to the development of accounting information quality.

However, all technology starts with humans creating it; therefore, besides applying technology in accounting, understanding the \"roots\" of accounting is indispensable. When you understand and are proficient in accounting knowledge, the application of technology will be more effective, helping to optimize support features, adjust issues appropriately, extract data storage, and effectively secure it for use, comparison, and checking of accounting information.

Why choose Tay Do University to build a foundation of knowledge about \"Accounting\" for yourself?

Tay Do University with training experience in \"accounting\" oriented towards \"reality, meeting corporate requirements and continuously updated applications of technology in accounting\" will be the solid knowledge \"cradle\" for you to confidently participate in applying to employers. Not stopping at the level of \"working for hire\", after you have accumulated enough knowledge and experience, you can be completely confident in \"starting up\" businesses in the field of accounting and auditing to satisfy your passion and create value for society.

Tay Do University, with a team of lecturers with practical experience combined with a training program that constantly improves in quality (having achieved educational quality accreditation, practical modules granting certificates, professional skills, social skills, autonomy and research, corporate cooperation), has successfully trained many graduated students who attained high leadership positions in enterprises, banks, and administrative units. In addition, many of you have successfully started up companies in the fields of accounting services, auditing, and tax calculation, contributing much to creating common values and affirming your own position.