Why you want to be an accountant
Why you want to be an accountant?
Expert
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.
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Expenditure that increases the dollar amount of fixed assets on the balance sheet. These outlays either increase the value of assets already owned or add additional assets. The payments increase the future benefit of an asset by extending the life of the asset, increa
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : Operation of business What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Activity: The real work task or step executed in generating and delivering products and services. The aggregation of actions executed within an organization which is helpful for the purpose of activity-based costing.
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
18,76,764
1942295 Asked
3,689
Active Tutors
1422554
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!