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Fundamental accounting equation
The fundamental accounting equation was developed by Luca Pacioli more than five hundred years ago. Nevertheless, it still forms the foundation of modern accounting with its... read more
Professional ethics in accounting
Professional ethics has a very important role in accounting and all accountants are expected to behave accordingly. The financial statements, auditing reports and other... read more
Accounting profession and accountants' tasks
There is nothing unusual in the accounting as in profession, and accountants are the same usual people as everybody else. There are several specific directions in accounting... read more
Inherent limitations in accounting
It is often necessary to make estimations of reported accounting measurements that can not be measured at the time when the reports are being prepared. Accounting is not one... read more
Managerial accounting
Unlike financial accounting, the managerial accounting is used to serve specific sets of management needs. Based on managerial accounting information the management plan... read more
Financial accounting and financial accounting reporting
Financial accounting is a type of accounting which main aim is to deliver accounting information to wide set of users outside the company. Usually, analytics and other... read more
Accounting degree
An accounting degree belongs to the academic discipline of accounting and is oriented towards giving the student a background for use in the world of accounting and it's services. Accounting programs are usually taught at a business school. Accounting is a highly technical field and both practitioners and academics are experts in their field and also is a standards oriented profession, so one must know a plethora of information to be able to be an accountant. An accounting degree gives a student the proper knowledge and background to put them into the financial world with the extra knowledge they need to be able to give out advice to others for making financial decisions. Not only do financial decisions for persons and business become a daily factor in an accountant's life, but also the overall economy must be a concept that is known and understood by the accountant.
Requirements for teaching accounting vary worldwide. Many schools not only look for academic credentials and professional certifications, but real world experience as well. The discipline of accounting is geared towards practical knowledge of economics and finance rather than any kind of theoretical abstraction. Students who are earning an accounting degree are looking for this practical knowledge. Many students will go on to gain practical experience in commercial organizations or as private accountants for individuals. Some will also take the academic track and become a teacher of accounting, using research and real world knowledge to bring up the next generation of accountants.
An accounting degree will provide an accountant with the ability to access jobs in the financial sector of the workplace. But, these jobs will ave changing criteria as time and accounting qualifications change. On-going education after achieving an accounting degree will keep you at the top of the work pool of accountants.
21 of December, 2009. 10:36
SunGard updates hedge fund accounting software
SunGard has released a new version of its VPM portfolio accounting solution for hedge funds.VPM version 9.0 includes new workflow features and an enhanced reporting engine.... read more
18 of December, 2009. 10:20
An accountant stole £3.6m for prostitutes
A former Toys R Us accountant has been jailed for seven years for defrauding the firm of £3.6m he spent on prostitutes and expensive cars. Paul Hopes, 58, had worked for the... read more
04 of December, 2009. 23:01
BIG4 is releasing its free online accounting system
The accounting software provided by BIG4 is a Software as a Service product. It allows small and medium business users to get full-featured accounting software without any... read more
04 of December, 2009. 22:56
A CPA is facing 12 years for stealing $2.7 millions
Mr. Stephen Anthony Frlekin, a CPA since 1980, today has been pledged guilty to 152 felonies, including computer access and fraud, money laundry, grand theft, and sentenced... read more
18 of November, 2009. 04:31
SunPower shares tumble after accounting errors
NEW YORK, Nov 17 (Reuters) - The shares of solar power company SunPower Corp (SPWRA.O) tumbled more than 18 percent on Tuesday after the company said it was investigating... read more
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