Accountancy is an art of communicating financial information
wherein we learn a lot of activities such as how to prepare financial
statements and record business transactions with computing costs &
effective gains from new technologies, tax strategies, keep track of financial
performance and much more. The Father of Accounting is Luca Pacioli who
codified it in such a way accounts are done today. For becoming a successful
accountant, an individual should have an analytical understanding of finances.
Moreover, he should have interpersonal skills, good communication skills and
market awareness. Accounting programs offer enormous of job opportunities to
everyone for instance:-
Financial Accountant
Financial accounting is basically based on some rules and
regulations which have been issued by the Securities and Exchange Commission
(SEC), the International Accounting Standards Committee (IASC) and the
Financial Accounting Standards Board (FASB). As a Financial Accountant, an individual prepare financial statements
for decision makers like government agencies, stockholders, banks, employees,
owners and others.
Government Accountant
The term Government Accounting refers to the various
accounting systems which have been used by many public sector entities. As Government Accountant, an individual
can get employment by the federal government as a part of IRS or any other
budget or asset management division.
Public Accountant
Public accounting is the most varied type including many
tasks for e.g. account management, bookkeeping and financial analysis for
individuals, public firms, business men, government or NGOs. Additionally, it
also includes analyzing historical financial data to check for any kind of
discrepancies like money laundering, frauds, embezzlement and any other illegal
financial transaction. A Public Accountant involves in external auditing or forensic accounting.
Tax Accountant
A Tax Accountant
assists an individual or companies to file an income tax return. He also
suggests how you can plan for taxes. As an accountant, he should aware of rules
and regulations pertaining to tax policies.
Sarvesh is a webmaster of Classontheweb.com which is an
programs in collaboration with
select your favorite program to make the bright future. Apart from this, it also provides online
education content in the premium section. This section specially focused on
English Grammar, Mathematics, Physics, Biology, Business Studies and much more.