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The Art Of Accounting
are known by different names in different places. For example accountants in the United States are known as Certified Public Accountants while in Canada they are called as Chartered Accountants. The accountants in Canada are familiar with all the proceedings and CPA issues in the United States. They are also adept in the rules and regulations of the Canadian Accounting Body of Knowledge. Specialized study has to be done in order to become an accountant. An undergraduate degree which ranges up to five years is the minimum qualification required to become an accountant. This undergraduate course offers intense training and exam schedules which tests one’s character. There is a famous professor called Linda Plunket. She is very adept in the field of accounting. In one of her notes which were compiled in 1979, she has mentioned accounting as the “oldest profession”. This is because people of the olden times used accounting to make their lives better and to bring in a sort of discipline. They needed to make arrangements to face harsh situations and therefore needed to make detailed accounts of their possessions to be kept as reserve. As man became more evolved he began to indulge himself in trade and this resulted in the development of currency systems. These developments can be understood and their existence has been proved when going deep into the Babylonian empire (4500BC) and in the Code of Hammurabi (2250BC). The introduction of taxes by government made accounting a major requirement. The process of accounting has evolved a great deal with the advent of powerful Accounting software. Special instructions and programs were used in accounting from 1950’s. This reduced a lot of work and helped in maintaining transaction, balance and accounts details efficiently. There are different modes of accounting and they are mainly divided into cash accounting and accrual accounting. The accrual method is also known as the historical cost method. All these accounting methods are possible through various software and these methods are defined in them by using special functions. The double entry bookkeeping process is one of the main aspects of accounting. A wide variety of accounting software is available in the market today: The ACCPAC is a web oriented accounting solution software. There are other software like Intuit's QuickBooks, Netledger and SAP mySAP which make the accounting job easier. Article Directory: http://www.articledashboard.com |
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