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Accounting is the process of keeping financial records of a company or individual. These records are then analyzed to produce financial statements, which are used for business decisions. It is a process that helps to keep track of the money coming in and going out of a company. A career in accounting is a promising prospect for anyone who is looking for a profession that can offer both stability and flexibility. Accounting jobs are available in many industries and provide opportunities to work with different people, in different settings, and on a variety of projects. All firms require accoun
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What is Accounting? A system that measures, organizes, and communicates financial information about a specific business, government, or other entity. Accounting is the systematic recordation of the financial transactions of a business. The recordation process includes setting up a system of record keeping, tracking transactions within that system, and aggregating the resulting information into a set of financial reports.
Importance of Accounting Keeps a record of business transactions Facilitates decision-making for management Communicates results Meets legal requirements Interprets the liquidity position
Types of Accounting Courses Short Courses Certificate III Certificate IV Diploma Undergraduate Postgraduate
Preparing accounts and tax returns Monitoring spending and budgets Responsibilities of an accountant Auditing and analyzing financial performance Financial forecasting and risk analysis
Accounting Courses Career Outcomes Chief Financial Officer, Controller and Financial Analyst Payroll manager and tax specialist Accounting Clerk and Manager Auditor and Bookkeeper Accountant
Earning Prospects An Entry Level Accountant with less than three years of experience earns an average salary of ₹2.1 Lakhs per year. A mid-career Accountant with 4-9 years of experience earns an average salary of ₹3.3 Lakhs per year, while a Senior Accountant with 10- 20 years of experience earns an average salary of ₹4.5 Lakhs per year.
Frequently asked questions What is an accountant? What duties does an accountant perform? Where does an accountant work? What is the income potential for an accountant? What will the Accounting degree allow me to do?
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