NounWikipedia has an article on: AccountancySingular accountancy Plural countable and uncountable; plural accountancies accountancy (countable and uncountable; plural accountancies)
From Wiktionary under the GNU Free Documentation License. Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management. It is the branch of mathematical science that is useful in discovering the causes of success and failure in business. The principles of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing. Accounting is defined by the AICPA as "The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof." Accounting is thousands of years old; the earliest accounting records were found in the Middle East which date back more than 7,000 years. The people of that time relied on primitive accounting methods to record the growth of crops and herds. Accounting evolved, improving over the years and advancing as business advanced. Early accounts served mainly to assist the memory of the businessperson and the audience for the account was the proprietor or record keeper alone. Cruder forms of accounting were inadequate for the problems created by a business entity involving multiple investors, so double-entry bookkeeping first emerged in northern Italy in the 14th century, where trading ventures began to require more capital than a single individual was able to invest. The development of joint stock companies created wider audiences for accounts, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information. This development resulted in a split of accounting systems for internal (i.e. management accounting) and external (i.e. financial accounting) purposes, and subsequently also in accounting and disclosure regulations and a growing need for independent attestation of external accounts by auditors. Today, accounting is called "the language of business" because it is the vehicle for reporting financial information about a business entity to many different groups of people. Accounting that concentrates on reporting to people inside the business entity is called management accounting and is used to provide information to employees, managers, owner-managers and auditors. Management accounting is concerned primarily with providing a basis for making management or operating decisions. Accounting that provides information to people outside the business entity is called financial accounting and provides information to present and potential shareholders, creditors such as banks or vendors, financial analysts, economists, and government agencies. Because these users have different needs, the presentation of financial accounts is very structured and subject to many more rules than management accounting. The body of rules that governs financial accounting is called Generally Accepted Accounting Principles, or GAAP. From Wikipedia under the
GNU Free Documentation License What courses are required for accountancy? Q. So my major is accountancy, and I am starting college 2008 Spring semester(didn't go to first semester after graduate). I was wondering, what classes are required for my major? And what classes should I take? instead of wasting money on classes that doesn't help me with this major. Asked by Theo Z - Mon Nov 12 20:32:56 2007 - - 3 Answers - 0 Comments A. You'll want to meet with your academic advisor and go over your degree plan as soon as possible, either immediately before or immediately after you enroll for your first semester. In the meantime... Most bachelor's degree programs require some of the same basics, include two courses in English composition/rhetoric; two courses in U.S. history; and courses in math, government, social sciences, visual arts, and possibly some others. Business degrees in particular may have somewhat more stringent requirements in terms of math (finite, calculus, and statistics), as well as computer literacy and professional speaking. In addition, most business majors will be required to take entry-level courses in management, marketing, economics (both… [cont.] Answered by BAMAMBA - Mon Nov 12 20:48:25 2007 I'm serious about wanting to improve my career fast in Accountancy What would you suggest? Q. I would like to study accountancy and I would intend studying ACCA exams. To be a trained and proficient accountant, what kind of skills are required? How long should one be working as an Assistant Accountant before they call themselves proficient? What salary should an accountant start off with? How easy is it to get an apprenticeship? I am interested in accounts auditing by the way. Asked by biddiemurphy - Fri Feb 2 04:25:23 2007 - - 1 Answers - 0 Comments A. Find an older accountant in your community who is doing what you want to do. Approach that person and ask him / her to be your mentor and help you achieve your goals. They don't have to do anything other than meet with you for a half hour or so a couple of times a month and help you plan how to achieve your goals and help you monitor your progress. If the first person you ask won't help, find another one. Keep looking until you have the help you need. Good luck! Answered by Sara Katrina - Sat Feb 3 12:35:33 2007 With an accountancy and finance degree what jobs can you start with and promote on to gradually?
Q. If possible; try make a simple list of jobs to start of with gradually into jobs that could be promoted to. Asked by Erika - Mon Aug 3 19:11:15 2009 - - 2 Answers - 0 Comments A. It depends if you want to go into the finance industry or accounting industry. For finance, you can just join any banks for financial institutions. For accounting, I would suggest you to join the big 4 audit firms to start off. Good luck. Answered by Fx - Mon Aug 10 00:31:32 2009 From Yahoo Answer Search: "accountancy" The Institute of Chartered Accountants of India (ICAI) elects new office bearers
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EDGAR Database of Online Corporate Financial Information
Governmental Accounting Standards Board
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