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Principles of accounting
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Since early history, accounting records and book keeping methods have been used. ... Modern accounting as it is known today began with double entry book keeping. ... , the accounting profession only dates back to the 1880s, when investors from Scotland and England began buying stocks from companies in America. ... Federal legislation, such as the income tax in
1913 and the excess profit tax in 1917, helped cause an accounting boom that has made this profession instrumental to all businesses (Encyclopedia of Careers 1). ... In the accounting profession there are three major fields: public, management, and government. Public accountants execute a wide range of accounting, auditing, tax, and consulting activities for their clients, who might be corporations, government, non profit organizations, or individuals. ... People who are planning a career in accounting should have an skill in mathematics and be able to analyze, compare, and interpret facts and figures quickly. ... In college, accounting is offered in one year business college programs, two year community college programs and four-year college programs. ... One senior manager said about accounting," I found public accounting to be a rigid and appearance-focused environment with many unwritten rules regarding mannerism and work styles.
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Paper Information
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Title: Principles of accounting
Words: 1019
Rating: None
Pages: 4.1
submitted by: madlover4evr
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