1 / 5

You and the World of Accounting

You and the World of Accounting. Accounting Careers: The Possibilities Are Endless! Chapter 1.2. The Changing Horizon. Accounting is not just adding and subtracting.

royal
Download Presentation

You and the World of Accounting

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. You and the World of Accounting Accounting Careers: The Possibilities Are Endless! Chapter 1.2

  2. The Changing Horizon • Accounting is not just adding and subtracting. • An accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports.

  3. Accounting Professions in For-Profit Businesses • For-profit businesses operate to earn money for their owners. • Today computers handle much of the basic accounting work. • This allows more time for planning for future operations.

  4. Accounting Professions in Not-For-Profit Organizations • Not-for-profit organizations do not work to earn a profit but get income from donations. • Goal is to balance income with expenses.

  5. Job Definitions • Accounting clerk – an entry level job usually performing one or two accounting tasks. • Certified Public Accountant – pass a national test and meet specified experience and education standards to become “certified” to practice accounting. • Public accounting firms provide services to the firms clients. • Arthur Anderson Worldwide, Pricewaterhouse-Coopers, Deloitte and Touche, Ernst & Young, KPMG Peat Marwick

More Related