While understanding the basics of financial accounting is certainly important for accountants, it is also an important skill to have in all types of professional fields. In this discussion, you will make connections between your chosen field and what you have learned about financial accounting in this course.

Address the following in your initial post:

In response to at least two of your peers, discuss any similarities with the field you have chosen or the transactions that need accounting. Explain whether you agree with their assessment of the importance of accounting in their field and why.