What is Accounting?
Accounting is best in defining financial condition and performance, in term of operation, profitability and sustainability.It is an important part of any individual, business or organization’s economic foundation. It provides an easy way to the interested party to understand the business operation just by looking at the accounting reports.Without accounting, there are no easier way to understand the financial, transaction results to operation and condition of an individual business or organization. So accounting is most important role play to grow our business in field.
Types of Accounting.
Accounting can be divided into several fields like: Tax accounting, Cost accounting, Management accounting, Financial accounting,External auditing .
Tax accounting: It refers to accounting for tax purposes.
Cost accounting: It is the process of recording, classifying, analyzing, summarizing and allocating costs associated with a process, and then developing various courses of action to control the costs.
Management accounting: It also called Managerial accounting. It managers use the provisions of accounting information in order to better inform themselves before they decide matters within their management and performance of control functions.
Financial accounting: It is the field of accounting concerned with the summary, analysis and reporting of financial transactions pertaining to a business.
External auditing: An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true fair view of the concern.
Why we choose the Accounting in career?
In this profession there are huge demand around the world
There are many reason to choose Accounting in career. Some reason are given below:
- You can start your own business
- All industry need an accountant
- Opportunity to work in abroad
- Grow your business
- Increase your enomic
- Grow your connection with your work
- Less number, more consultation
- Always demand your skills.
You will find a job in accounting field that is smart decision. There are so many different position you can find in the accounting field..It is a field that will always be in demand and it is a field that you can continue to grow and move up inside your company.Chose the accounting career you are most interested in; learn what it entails, what education you may and the salary you can potentially earn.
Careers in Accounting
Accountant payable clerk
Accountant receivable clerk
Chief Financial Officer(CFO)
Certified Internal Auditor
Accounting is the measurement, processing, and communication of financial information about economic entities like Businesses and corporation.