Accounting is the study of how businesses track their assets and income over time. But it is more than just preparing financial statements and recording business transactions. Accounting is the language of business. Accountants provide the financial information critical to the successful management of business and government enterprises and to the proper functioning of financial markets.
Accountants perform a wide variety of activities, including mergers and acquisitions analysis, tax strategy, quality management, the tracking of financial performance, and much more. This background gives them a deep understanding of how business works and makes them prime candidates for many executive positions within a company, including CFO.