Accounting can be defined as the key tool to know in what situation and condition a

company is and, with this information, be able to determine what would be the necessary
strategies to achieve an improvement in its economic performance. It is a multifaceted
discipline that can identify, measure and communicate the economic health of an
organization, and necessarily has to be interrelate directly or indirectly with the rest of
the other sciences. However, with some of these it has a closer relationship due to the
nature of its activities, such as:
 Economics
 Statistics
 Law
 Math
 Management
 Computer Science
Accounting and Economics: the main relationship between these two disciplines is that
both are concerned with the effective and efficient use of resources. Both business and
government accounting are responsible for feeding the economy with the data and figures
necessary for economists to analyze them and make the decisions that are necessary for
the good progress of the company or the official entity. Accounting also serves as the
basis for micro and / or macroeconomic planning, the control of the information obtained,
its comparison with the budgeted and the respective decision making.
Accounting and Statistics: the main objective of these two sciences is to develop
understandable arithmetic figures, as well as present them so that they can be used for
project managers, directors, etc. They make planning and decision-making acts easier.
Functions such as collection, tabulation, analysis and presentation of data are used by
both accountants and statisticians.
Accounting and Law: this two are closely related. The accountant and accounts officer
must have a clear knowledge of partnership law, company law, tax law, industrial law,
cooperative law, and other relevant laws. Because accounts of an organization are kept
following accepted principles and by relevant laws. For example, accounts of every
company are kept properly and accurately in light of company law. In partnership
business accounts are maintained in the light of the partnership act or agreement as the
case may be.
Accounting and Math: accounting is the language of business, and mathematics is the
language of accounting. At different stages of accounting addition, subtraction,
multiplication, and division of arithmetic are applied. Accounting expresses all its
transactions and events of financial changes in the language of mathematics at all stages
of accounting, for example: in preparing journal, ledger, trial balance, and financial
statements mathematical principles are applied.
Accounting and Management: management depends entirely on accounting for
information in financial affairs to make decisions. Accounting provides all kinds of
financial information in project planning and implementation of a business concern. As a
result, management can take decisions comfortably regarding project planning and
implementation. Managers cannot take the best and most dynamic course of action for
their respective business concerns without the information-based financial statements and
other statements of accounts. The success of management fully depends on accounting
information.
Accounting and Computer Science: it takes huge time and labor and even then, the
accuracy of Accounting cannot be a hundred percent ensured. The computer has
eliminated all these obstacles. Because using all kinds of information and data relating
transactions as per definite table and program in a computer, preparation of accurate
accounting is possible within a very short time. It saves time and labor. Besides, with the
help of a computer, preparation of various accounts as per need, preservation, and
verification of the validity of ratio are possible very quickly.