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Accountants roll over large amount of money, but do they have enough money to run their own family. Accountants sometimes stress themselves to relieve others

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What are the specialized fields of accounting?

Specialised fields of accounting is Financial accounting , cost accounting & management accounting. The classification is purely based on what kind of accounting activities are conducted. E.g; in the case of financial accounting historical business transactions are recorded in the books of accounts of an undertaking. In some situation possible certain due transactions are entered as due entry. Costs considered are historical costs of various transactions In the case of cost accounting cost calculations are done keeping historical & estimated costs. Cost accounting & the process calculating costs vary according to nature of business manufacturing activity or operating activities. costs are classified for costing & estimation which is essential in costing . Accounting function for costs can be historical /estimated or both depending on the policy. Another field of management accounting encompasses both cost & financial accounting data /books to generate management reports (purely internal confidential reports). financial auditor verifies the truthfulness of financial records. financial accounting data is publicized in the form of annual financial reports .costing & management accounting data are generated for internal purposes & they are also subject to cost & management audit. Contributor's ID y_s_ganesh@yahoo.com


What is accounting module?

An accounting module refers to a set of standardized parts of accounting that are used in teaching the accounting students. The accounting modules are usually broken down into a number of subjects to enable the learners to easily understand certain accounting concepts.


What is the 4 fields of accounting?

In accounting there are four main areas. They are as follows corporate accounting, corporate finance, public accounting and investment banking.


Why are ethics so important in the accounting field?

Investors and creditors rely on financial statements when making decisions on allocating capital. If a company has a poor ethical track record when reporting financial results, investors will take their money elsewhere. This can be observed when a company's stock plunges after news of accounting errors or manipulation. Ethical accounting is foundational to an efficient capital market and lowers a firm's cost of capital.


What is electronic accounting?

Electronic accounting is accounting that is not done in physical books, and ledgers that you can touch. Electronic accounting is done using software on a computer, or done online.

Related Questions

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.


Why philosophy as broad field of study important to man?

why is philosophy as broad field of study important to humans life


What is the significance of the abbreviation "phil." in the field of philosophy?

The abbreviation "phil." in the field of philosophy stands for "philosopher" or "philosophy." It is used to indicate that a person is a philosopher or that a particular work or concept is related to the study of philosophy.


What are the benefits for using conservative philosophy in accounting?

I do not know the answer this is why I am asking someone to answer this question.


Computer application in finance and accounting?

Yes, computer applications are used greatly in the field of finance and accounting.


Importance of computer in accounting field?

it save time,


The GAAP are the generally accepted principles in what field?

Accounting


What are the most cited philosophers in the field of philosophy?

Some of the most cited philosophers in the field of philosophy include Plato, Aristotle, Immanuel Kant, and David Hume.


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.


Is accounting a good field to find a job in?

Accounting is a great field to find a job in because accountants are always necessary! The best part of looking for a job in accounting is that one can work independently AS an accountant, or as part of the accounting department for a company that provides other services. For example, an accountant may find a job doing accounting for a hotel.


What field of study does accounting fall under?

math and buisness


What is the relevance of philosophy to accounting?

Much of philosophy is concerned with morals and ethics. Accoutancy is all about - or should be all about - ethical accounting of business transactions. The current malaise in the financial markets shows that morals and ethics have not been as prominent as they probably ought to have been in the minds of many people.