Accounting as a profession

Accounting as a profession opportunities in the accounting field

Accounting as a profession opportunities in the accounting field is considered as the common language of business. Accounting related opportunities are great indeed. many throughout the world take it as a career. Accounting as a dynamic science and a specialized field of knowledge demand attention from the society at large. …

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E-commerce and accounting

E-commerce and accounting

E-commerce and accounting, can be defined as the use of electronic telecommunication technology to conduct business transaction (sale of product to payment of dues) through the Internet. it allows goods to be exchanged any time and to any place where the net is accessible, E-commerce makes the business world global …

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Technology in accounting

Technology in accounting

Technology in accounting particularly computer technology plays a very significant role in business today. Accounting is a part of business. Computer technology plays the following role in accounting:   Reduces the time of record keeping, we can record ad process a gulf of information within the shortest possible time. Reduces …

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Accounting as an information system

Accounting as an information system

Accounting as an information system provides the predetermined result (preparation of financial statements) through a consecutive process in performing the several functions. Now a days accounting stands for a system of providing information. A system is a unified group of interacting part that function together to achieve objective and purpose. …

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Accounting communication through financial statements

Accounting communication through financial statements

Accounting communication through financial statements are a central feature of accounting. They are the primary means of communicating important accounting information to users. It is helpful to think of these statements as models of business enterprise, because they are attempts to show the business in financial terms. Four major statement …

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Accounting Information

Accounting Information

Accounting subject matter provides information about the financial resources, obligations and activities of an enterprise that is intended for use by a wide range of community in the society – financial concerns, shareholders, management, employees, trade, unions, creditors, suppliers, costumers, government information, regulatory, agencies, tax authority and even any conscious …

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Accounting as a language of business

language of business

Accounting as a language¬†of business , Accounting serves the responsibility of communicating financial information to a divergent group of users. so very often, this is commonly called ” the language of business”. We know, language is the way of expressing our feelings to others & this includes various words, terms …

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Nature & Characteristics of Accounting

Nature & Characteristics

Nature & Characteristics of Accounting is a decision-oriented information science. The very beginning part of accounting is book-keeping. Book-keeping records the financial events of the business entity in a systematic manner. for doing so, book keeping follows as scientific system called double entry system (As developed by Luca Pacioli) Book-keeping …

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Purpose of Accounting

Purpose of Accounting

Purpose of Accounting act as a custodian of resources on behalf of shareholders (owners of resources). So management is accountable to the shareholders at the end of the day. Investor or shareholders usually have keen interest to know how the business performs during a specified period of time. Accounting is …

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Development of accounting standards

Development of accounting standards

Development of accounting standards, Accounting principles have been developed through a historical way. Principles can be acceptable if most professional bodies allow it. These principles can be phrased as GAAP, which acts as constitution profitable or no -profitable or governmental organization. some international organization have played a vital role in …

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