List of Accounting Careers
Posted by: admin under Accounting
Every year, different colleges and universities from all over the world produce graduates with different college degrees. It only means that every year, the unemployment rate increases and very few newly-grads land a job. It is very important to choose the college degree that you?re going to take to ensure your professional career in the future.
Among the top college courses of degree is accounting. Accounting involves different tasks which include keeping track of income, assets, liabilities, and a lot more. You can learn more about these tasks if you choose an accountancy course.
In accounting, you will learn a lot of things like how businesses and companies work. Successful businessmen are accountants one way or another. You see, accounting is essential in businesses. It is a way of evaluating the business situation, whether a company is losing or earning profits.
In short, the business? language is accounting. All business activities are quantified through accounting and this is where all business reports are derived and later on, communicated to the management level. What career opportunities can you expect if you?re a graduate of accountancy?
How accounting works
Posted by: admin under Accounting
This article is for beginners of accounting profession who just started their long way and already struggling to understand the basics. The starting point of almost any accounting course is an explanation of the double-entry bookkeeping system which then stands as a core of any further studies. If you did not clearly understand how it works in the beginning the effect of further education will be zero.
I?ll try to illustrate the basics of accounting in the simplest possible way, avoiding in the beginning the use of such confusing terms like assets, liabilities, debits and credits, etc.
Let?s start:
Assume we have some Company X, which was established a year ago and now we are at the year-end, trying to draft accounts of Company.
All we can guess from the ?accounting? word itself, that it is a bunch of accounts. Great! That would be a starting point for us. Let?s put down some accounts on a paper (if you?re reading this article on your PC, it?s advised to do the below manipulations in Excel spreadsheet):
Account A
Account B
Account C
Account D
Account E
Account F
Account G
Account H
Account I
What you see above is just a list until we put some values opposite every account. The only point to bear in mind is that overall total of listed values should eventually be equal to 0:
Account A