Is the study of history relevant to everyone.
For me it is as simple as this, in all areas of life: George Santayana (16 December 1863 in Madrid, Spain – 26 September 1952 in Rome, Italy) was a philosopher, essayist, poet, and novelist: "Those who cannot remember the past are condemned to repeat it."
Is the study of finance important to everyone?
All of us, regardless of our professional endeavors, must make many important financial decisions in our lives. The study of finance provides us with the information we need if we are to make the most of the assets we have and will use in supporting ourselves and our families.
Why is the practice of accounting so important?
In order to effectively evaluate the financial performance of any entity, accurate financial records compiled based upon GAAP is essential. As consumers, investors, and citizens we must be financially literate if we wish to be able to make sound decisions based upon appropriate accounting information.