ACCOUNTING STATEMENT

Accounting Statement



Accounting

Introduction

It is a common perception that human being thinks what they have is of least value and what other have are more valuable and vice versa. As we all aware that accounting has been an important part of business and any mistake can make entire organization suffer a lot in financial terms. Hence, the process of accounting is same due which accountant get bore of their usually work.

This paper will discuss the quotation stated in Bebbington et al., 2004, p. 3, Financial Accounting - Practice and Principles that “Perhaps [it] wouldn't matter so much if the people rolling in the aisles at the ridiculous idea that accounting might be interesting were not those who had chosen to study accounting”.

Discussion

Accounting was born from the needs of business practice and developed simultaneously with the development of the economy. Along with accounting for an increasing role in the economy satisfies:

Technical and organizational progress,

Development of international trade in goods

International movement of capital,

Requirements for environmental protection, etc.

Accounting is growing most rapidly where the most rapidly developing market economy. It consists of the economic factors, environmental, technical, social, environmental and educational programs. Accounting allows you to make economic evaluations business management. Accounting is defined as language in the world of business - conditions the proper conduct of business. In order to achieve the objective of the accounting is necessary to specify the terms and conditions that should be observed for its conduct (Skærbæk & Tryggestad, 2010, pp. 108).

The dream of many students in public accounting is to successfully implement their own practice. The willingness and technical skills are not lacking, but the Success is not always obvious. There is even nowadays a large number accounting graduates who fail in life.

Is this due to market saturation? Or technical shortcomings

Jean-Baptiste on the economy superior services states that “supply creates its own demand”. This theory holds true across the world for expertise accounting. The proliferation of diploma in Anglo-Saxon countries (USA, Canada, Australia and Great Britain) explains the power of the accounting profession in these countries and gives it a competitive advantage over its local competitors and globally. Similarly, the lack of technical skills does not justify the majority of cases failure. Sometimes a person remarkable for his intelligence, successful brilliantly educated, does not meet the same success in professional life while another person rather studied medium succeeds brilliantly in professional practice.

Technical skills are not enough, therefore, more. Other skills are also needed to be successful if not more. Success in the private practice of the profession of chartered accountant depends on the professional's ability to ensure a good return on his office in compliance values ??of the profession. In other words, success depends on the ability of professional to develop a successful customer and effectively manage his cabinet and its missions. The determinants of success in private practice of profession of chartered based accounting, therefore, on two components: - An external component: The ability to attract and maintain customers successful, - ...