Accounting
Accounting is the systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It involves tracking income, expenses, assets, liabilities, and equity to provide stakeholders with accurate financial information for decision-making. Key principles include double-entry bookkeeping, accrual accounting, and adherence to standards like GAAP or IFRS.
Developers should learn accounting when building financial applications, enterprise software, or e-commerce platforms to ensure accurate data modeling, compliance, and reporting features. It's essential for roles involving fintech, ERP systems, or any software that handles monetary transactions, budgets, or financial analytics. Understanding accounting helps developers create robust, audit-ready systems that meet regulatory requirements.