Why you want to be an accountant
Why you want to be an accountant?
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The stereotypical answer to this matter is that accountancy provides a respected professional qualification that can lead on to a broad range of opportunities in industry. This is all factual, however it does not answer the question of why you want to become an accountant - and when you give as common an answer as this, you can expect to be questioned in aspect on the nature of the requirement and the prospects you see it leading to.
A lot of the income of the bigger accountancy firms now comes from consultancy and associated services instead of from audit. Even in audit you will use much of your time visiting clients and ask questions, for this, good interpersonal skills are very important.
Accountancy is now a rapid changing profession, therefore they are looking for individuals with inventiveness who can administer change.
Liability of partners: A) Under contract law: Liability is joint only (collectively); The creditor has only one right of action (except in NSW, where liability is now joint and several).
Briefly list out the main users of the accounting information which are related to the business?
How have you observed the regulations which affect both your industry and your accounting place?
Write down a short note on determining costs and benefits in decision making process?
The term used in governmental accounting to identify amounts that the governmental unit is authorized to spend for debt repayment, operating activities, and asset acquisition. The appropriations account is a budgetary account that acts as a control account for all budgeted expenditures. More usua
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
What are Arrears? And what are the conditions to make Arrears?
What do you mean by the term key performance indicators or KPI? Explain in brief?
What do you mean by the term relevance which is accounting information?
Explain the term bank reconciliation statement?
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