Budgeting and Managing Spending

While most people acknowledge accounting as an essential part of the business world, accounting also incorporates skills that are used regularly in daily life. In this post, please identify at least 2 specific skills you’ve used in learning about accounting topics in this class, and explain how they relate to your everyday life in the “real world.” Ideas to consider including in your chosen topics:
Reconciliations
Budgeting and Managing Spending
Planning for the Future
Analyzing Progress Toward a Specific Goal
Applying GAAP Principles to Personal Situations
Please write a complete paragraph about each of the two skills you choose to discuss. Be sure to carefully proofread your post before submission. You will not be able to see other other postings until you submit your post.
You are required to reply to at least one classmate’s post in this thread. Your reply must be a minimum of one complete paragraph. Your reply is to add something of significance to the original post – simply agreeing is not sufficient

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