Introduce Accounting

 




Accounting is such challenging things.  Accounting records ample information about the business cycle . Due to accounting, we are able to manage finance in company, make fascinating strategies in business, know the cause of the company doesn't have profit or the company's profit increase than before, get tips to face the competitors, influence the investor to invest in our business, know the business cycle and many more . As Several advantages above, i didn't dreadful regret to take accounting major and in my point of view, if you graduate with accounting degree, you are gonna get job easily as every business needs accountant to help the company to grow . 


I'm gonna elaborate type of accounting major specific so that's why you believe that accounting major is fancy major.

1) Financial accounting 

Accountant record activity finance in the company & prepared by adhering to the principles which are led down in Generally Accepted Accounting Principles (GAAP).

Accountant give a report to external user . For instance : creditors, investors, suppliers etc .


2) Managerial accounting

Accountant focuses on reporting finance in internal business cycle and make future decisions . For instance : how can make amazing strategies to face the competitors . It can give discount for customer, make advertising in social media, and many more .


3) Tax accounting

Accountant make legal report which relate with tax, hence accountant must be aware of the applicable tax laws.


4) Government accounting

Accountant focuses on recording state finance.

Government accounting is expected to manage state financial administration properly.


5) Cost accounting

Cost accounting will lead to activity based costing. With the main function of collecting and analyzing data about costs, both costs that have occurred and those that will occur.


6) Forensic accounting

Forensic accountants analyze, interpret, furthermore summarize complex financial and business matters. They may be employed by insurance companies, banks, police forces, government agencies, or public accounting firms. Forensic accounting utilizes accounting, auditing, and investigative skills to conduct an examination into the finances of an individual or business.


7) Budgetary accounting

Accountant focuses on making budgeting for project in company. 


8) Audit accounting

 auditing is the process of examining an organization’s (or individual’s) financial records to determine if they are correct and by any applicable rules (including accepted accounting standards), regulations, and laws. I'm gonna make clear about the kinds of auditing in different part .


9) Educational accounting

Accountant focuses on giving information about accounting knowledge to students.


10) Accounting system

Accountant make system to record information about company finance effective in addition to efficient


12) Bank accounting

Accountant focuses on making report about the bank finance .


Accounting is huge knowledge. Every business needs accountant, Hence I'm not afraid of artificial intelligence moreover being unemployed because learning accounting knowledge can produce money easily and our place can not be replaced by artificial intelligence.





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