Overview

what is accounting

Accounting specializations – where do CA, CPA, ACCA work?

Besides the mainstream accounting, audit, and tax, accountants opt to work on other lucrative areas. Below is the list of areas on which CA, CPA, ACCA work. Note that these are not an exhaustive list. Consulting Business process outsourcing Forensics Information Systems Feasibility, Insolvency, Litigation Management Consulting Mergers and Acquisitions Personal Financial Planning Change Management …

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Accounting System

Accounting System – Why is it needed?

  Each organization has to organize its financial data as these data help in devising effective business decisions. So, there have to be set ways of recording, classifying, analyzing, and summarizing these data that can be interpreted and presented as essential financial information for management decisions. These organized set of procedures, processes, and controls is …

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Financial accounting

What is financial accounting? Why is it the base for financial decisions?

This is one of the essential areas of accounting that involves identifying financial activities of organizations, recording them on the books, and preparing the financial statements. Basically, it chronicles the journey from recording a financial transaction to the preparation of financial statements. The basic steps to creating a financial statement are; So, let’s discuss what …

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