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Statistics are used in accounting to track expenses and assets. It is also used in bookkeeping and preparing income taxes.

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Importance of computer in accounting field?

it save time,


In the field of accounting what does the term FASB goodwill refer to?

In the field of accounting the Finical Accounting Standards Board (FASB) provides guidance on how to deal with goodwill and how to account for it on finical statements. When done properly goodwill can provide tax relief for a company.


What training is necessary for accounting?

To pursue a career in accounting, a bachelor's degree in accounting or a related field is typically required, which includes coursework in financial accounting, management accounting, tax, and auditing. Many accountants also obtain professional certifications, such as the Certified Public Accountant (CPA) designation, which requires passing an exam and gaining relevant work experience. Continuing education is important for staying updated on regulations and accounting standards. Additionally, proficiency in accounting software and strong analytical skills are beneficial for success in the field.


Example of periodicity concept in accounting field?

An example of the periodicity concept in the accounting field would be the aging of accounts receivable. A comparison of the balance sheet for one period against another would also be an example of periodicity concepts.


Is the career in accounting growing or shrinking?

The Bureau of Labor Statistics compiles job outlook information for careers throughout the United States. The BLS predicts a 13 percent increase in accounting jobs from 2012 through 2022.

Related Questions

What is the scope of statistics in accounting?

The scope of statistics in accounting is very broad and the two of them are correlated. Most of the accounting procedures will depend on statistics.


What is the relationship between financial accounting and Statistics?

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What is the role of statistics in accounting?

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What is the important of stastistics to accounting?

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What is relation between accounting and statistics?

relation between accounting and statistics is:it helps in the rational [true} decision making. statistics is concerned with typical value, behaviour or trend over a period of time of series of observations. statistics are useful in developing accounting data and their interpretation


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Did a BCA graduate get any job in accounting field?

yes BCA Graduate can get jobs in Accounting field by doing courses in Tally accounting and Industrial Accounting.


What is the importance of statistics in accounting?

statistics and accounting both are very similar to each other regarding their uses, because both are tools of decision making. To take decision regarding average, standard and marginal you have to take help from statistics even if you are accountant.


Importance of statistics in field of computer science?

There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.


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