Accounting Assignment Help

Accounting Assignment Help

Accounting is basically a term which is often used by economic entities. It measures process and communicate the financial information of economic entities such as business and Corporation. Accounting is also commonly referred to as language of Business. It measures the result of an organization, economic entity and conveys it to different users such as investors, creditors, management.

To explain this concept, Coursetutors.com has taken help of an instance: Investors wants to know about the organizational performance and position so that they can invest in the business to earn a good return. Creditor’s wants to know about the firms position that whether the firm will be able to pay off its debts or not. Hence Accounting is very important in the life cycle of a business. The System of Accounting does not only cover a single term. It has a very wide concept which has several different fields. One of its fields is Financial Accounting which analyzes and reports the financial transaction of a business. The other is Management Accounting which provides information to the management about the working of the organization and the changes which are required. Users of Financial Statement such as investors, regulators and suppliers use the Financial Statement of the organization which is prepared through Financial Accounting. Thus, it clearly depicts Accounting is not a small concept but a very big term

Professional Accounting Bodies

There are different professional Accounting bodies all over the world which generate the guidelines and also provide education and training which include qualification and administration for various Accounting designations, such as Certified Public Accountants (CPA) and Chartered Accountants.

Accounting

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For Example:

  1. Institute of Chartered Accountants of England and Wales
  2. Institute of Chartered Accountants of Scotland
  3. Institute of Chartered Accountants of Ireland
  4. Society of Incorporate Accountants , London
  5. Institute of Chartered Accountants of Priyanka
  6. South African Accountants

Concept and Principles of Accounting

Accounting also includes Auditing which means evaluation of the Financial Statements of organizations. The auditor checks the financial Statement, the financial position, the financial Statement, Cash flows of an entity etc. which must be in accordance with the generally accepted accounting principle.

There are certain professional accounting qualifications which includes chartered Accountant, Certified Public Accountant which must be achieved for getting job positions of an auditor.

There are certain Accounting principles which a firm must follow which are the rules and guidelines when reporting financial data. The common set of US Accounting principles is the generally accepted accounting principles. Some of the principles are Cost principle, full disclosure principle, matching principle, Revenue Recognition principle etc.

Apart from principles, there are basic principles concepts which accounting follows like Business entity Concept, Dual Aspect Concept and Going Concern Concept. Business Entity Concept shows that the business and the proprietor are two separate entities. Dual Aspect Concept shows that there is always a twofold for every transaction and Going Concern Concept shows that the firm must survive for a longer period in the market.

Major Areas of Accounting Assignment Help and Accounting Homework Help

  • Accounting Basics
  • Auditing
  • Book keeping
  • FIFO Accounting
  • Decision Making
  • Accounting Information System

Accounting Assignment Help and Accounting Homework Help

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