Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities. Well in simple terms accounting is the comprehensive system of gathering and recording financial information of a business for the purpose of preparing summaries for tax authorizing, investors, managers and other who make decisions within the companies or organizations that they are involved in. The accounting terminology or terms can get tricky at times and you may need to keep handy an accounting glossary that explains the terms in plain language if you are a beginner.
You’ll analyse real-life case studies of accounting situations, and learn about the business environment and how managerial decisions are made. Accounting requires exceptional math skills, a strong attention to detail, and computer literacy, including competency with accounting and database …Read More »