Accounting is the study recording the incomes and assets of a business for future reference. of how business houses keep a tab of their incomes and assets over a given period of time.
Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions including computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.
Types of Accounting:
Accounting Core components:
Introduction to Financial statements.
Introduction to Federal Taxation.
Principles of Auditing.
Analysis of Financial Statements/Ratio Analysis.
Accounting Information Systems.
Example of an accounting specialization : .Financial Accounting .
Record financial data for companies.
Prepare company reports to comply with corporate reporting requirements;
Examine the influence of accounting standards on the theory and practice of accounting.
Discuss and analyse the development of the theory and methodology used by accounting theorists;
Critically examine the accounting regulatory process;
Describe and critically analyse a framework of accounting concepts; and
Identify and discuss some specific contemporary issues in financial accounting.
Accounting Job Prospects :