The Role Of Accounting in Households as Financial Management Family in Rawa Semut Village
Keywords:
Economic Balance, Financial Well-being, Financial Management, HouseholdAbstract
Purpose – In their daily lives, households will face increasingly complex demands of life, so effective and efficient financial management is needed to achieve economic balance and financial well-being. Accounting provides concepts, principles, and financial recording techniques that are very useful to help families in financial management, planning, and decision- making. The application of accounting in households allows for neat recording, budgeting, and analysis of spending patterns to make wise and organized financial decisions. The purpose of this study is to explain the importance of the role of accounting in households as a tool for managing, recording, making decisions and preparing short-term and long-term plans. In addition, in this study the researcher provides education on the importance of implementing accounting and financial management in households.
Design/methodology/approach – This study uses a qualitative descriptive approach with survey and case study methods to examine the role of accounting as family financial management.
Findings – The results of this study indicate that accounting plays an important role in household life as family financial management. Based on the results of the study, it can be concluded that by implementing accounting in households, economic balance and financial well-being can be achieved.
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