answersLogoWhite

0

harnessing energy,improving industry,air pollution,changing values,modestication of nature

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Accounting

Difference between bookkeeper and accountant?

A bookkeeper is one that can organize all your financial papers and legalities but cannot sign the auditing report because this is the qualification of a licensed accountant. An accountant exactly audits and signs the evaluation


What is the difference between financial accounting and auditing?

Says, Bisworanjan Nayak. Lets start with the objective The objective of financial accounting is to prepare accounts, trial balance, financial statements etc The objective of auditing is to express an opinion thereon Auditing starts where accounting ends Auditing is the big brother of accounting Accounting involves more numbers Auditing involves checking these numbers However, more math is involved in accounting Accounting is concerned with details like transactions, account balances etc Auditing gives usually cursory view on accounts Accounting is a routine function Auditing gives an opinion on this function Accounts requires less specialized skills Auditing requires more specilised skills Accounting is usually less remunerative to an individual Auding is usually more remunerative to an individual I think this should help you to understand the job role of an accountant vis-a-vis auditor. In conclusion, Auditing is more interesting, challenging, dynamic, remunerative than accounting in general.


Difference between auditing and accounting?

Accounting is the process of recording, classifying and summarizing of the business events for the purpose of providing financial information to investors for decision making. Auditing is determining whether recorded information properly to the business events that occurred during the accounting period. Its main duties are observe, valuate and recommend the financial statement and the firm.


What is the difference between What is the difference between financial accounting and management accounting?

Financial accounting is used to present the performance and financial statements to third parties while management accounting is used for company's internal working purpose.


What is the difference between 'as on' and 'as at' in accounting?

There is no difference between both terms as both terms represents the date at which financial statements are prapared.

Related Questions

What is the difference between an operational audit and a performance audit for an internal audit department?

operational audit means auditing how the operations of a work are going right or not but performance audit means auditing how the performance of a particular work is going right or not


Difference between operational communication and non operational communicatuion?

what is difference between operatyional and non operational communication


What is the difference between auditing and fraud examination?

An error represents an unintentional misstatement of the financial statement. it may be material or immaterial. fraud represents an intentional misstatement of the financial statement which can be material or immaterial.


The difference between accounting policies and accounting bases?

The difference between accounting and auditing?"


What is the difference between operational command and operational control?

Operational command = you can tell them what to do. Operational control = you can make them do it


What is the difference between financial budget and a financial budget?

There is no difference between them.. Their difference only is how you understood about financial budget.. :)


What is the main difference between Public Sector Auditing and Private Sector Auditing?

public sector audit is different from private sector audit


What is the difference between middle managers and operational managers?

the difference is like this think of middle as your the middle child and operational as the oldest thats basically how it goes and the operational is bigger


What is a difference between technical proposal and financial proposal?

what is the difference between technical and financial proposal


What are similarities between accounting and auditing?

The similarities between auditing and accounting is that both are concerned with keeping records of a business. The other similarity is that both ensure that the correct financial statement of a business are prepared.


Difference between bookkeeper and accountant?

A bookkeeper is one that can organize all your financial papers and legalities but cannot sign the auditing report because this is the qualification of a licensed accountant. An accountant exactly audits and signs the evaluation


What is the difference between financial adviser and financial consultant?

There is no difference. For instance, I am technically both