Accounting is critical for different entities including individuals, companies and communities. Organizations rightfully spend large sums of money on day-t0-day booking needs. Such entities also go further to pay internal and external editors to conduct different financial management and reporting activities on their behalf. Even businesses that make losses still spend significantly on accounting due to the fundamental essence of information for decision making. Businesses appreciate the essence of valuation and identify with their financial positions as at a particular time. Accounting activities are the basis for sound decision-making as well as conceptualizing appropriate investments.