Accounting
Get insights from 4.1k questions on Accounting, answered by students, alumni, and experts. You may also ask and answer any question you like about Accounting
Follow Ask Question
4.1k
Questions
1
Discussions
47
Active Users
7.7k
Followers
New answer posted
3 months ago
2 Followers
50 Views
P
Parul Thapa
Contributor-Level 10
Accounting generally refers to the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. On the other hand, Accountancy is a broader term that encompasses the entire profession and body of knowledge related to Accounting. It refers to the practice of accounting as a profession, including the principles, standards, regulations, and ethical considerations that govern the field.
New answer posted
3 months ago
0 Follower
4 Views
P
Parul Thapa
Contributor-Level 10
Yes, Accounting can be a demanding profession that comes with its own set of challenges, but whether it is considered stressful varies based on individual preferences, work environment, and specific roles within the field. Accountants are responsible for financial reporting, auditing, taxation, and financial analysis, among other tasks.
New answer posted
3 months ago
0 Follower
3 Views
P
Parul Thapa
Contributor-Level 10
No, you cannot become a Chartered Accountant (CA) solely with a Diploma in Accounting. Becoming a CA typically requires completing a rigorous course of study and passing specific examinations set by a recognised professional accounting body, such as the Institute of Chartered Accountants of India (ICAI) in India.
New answer posted
3 months ago
0 Follower
4 Views
P
Parul Thapa
Contributor-Level 10
There are two types of financial accounting; Aash Accounting and Accrual Accounting.Cash accounting is a method of Accounting where transactions are recorded when cash is received or paid out, rather than when revenues are earned or expenses are incurred. On the other hand, Accrual accounting is a method of accounting where revenues and expenses are recognised when they are earned or incurred, regardless of when the actual cash transactions occur.
New answer posted
3 months ago
0 Follower
3 Views
P
Parul Thapa
Contributor-Level 10
The annual salary in Financial Accounting in India can vary significantly depending on various factors such as educational qualifications, experience, job location, and the specific industry or organization. Generally, salaries can be categorized at different levels based on experience and job roles:Entry-Level: INR 2.5 - 4 LPAMid-Level: INR 4 - 8 LPASenior-Level: More than INR 20 LPA
New answer posted
3 months ago
0 Follower
7 Views
P
Parul Thapa
Contributor-Level 10
Yes, a Diploma in Financial Accounting can be worth it depending on your career goals and circumstances. This qualification provides specialised knowledge and skills in Financial Accounting, which are valuable in various industries. Moreover, it can be a stepping stone for further education and professional certifications like CPA (Certified Public Accountant) or ACCA (Association of Chartered Certified Accountants).The Diploma in Financial Accounting also equips you with practical skills in managing financial records, understanding taxation, and utilizing accounting software, which are essential for both corporate and small busin
...more
New answer posted
3 months ago
0 Follower
4 Views
P
Parul Thapa
Contributor-Level 10
A Diploma in Accounting course can be pursued by the candidates for continuous professional development and great career opportunities. A Diploma in Accounting course can be pursued by freshers and professionals to understand the basics of accounting and enhance their professional skills. A Diploma in Accounting can be pursued after completing their Class 12 or graduation in BCom.Graduates with a Diploma in Accounting can work in corporations, non-profits, government agencies, accounting firms, and other industries in entry-level roles. These jobs could be bookkeepers, payroll administrators, accounts payable/receivable clerks, or acco
...more
New answer posted
3 months ago
0 Follower
4 Views
New answer posted
3 months ago
0 Follower
4 Views
A
Akansha katariya
Contributor-Level 10
Arkansas State University provides one of the best Accounting courses for international students. It provides a four-year bachelor's programme in Accounting whose tuition cost is INR 11.56L. The course helps students fulfill employment as internal auditors in CPA firms, cost analysts, controllers, tax accountants, members of financial regulatory teams like the IRS or banking auditors, and industrial accountants. Accounting graduates from A-State get jobs in public accounting, government, banking, manufacturing, and not-for-profit organizations.
New answer posted
4 months ago
0 Follower
4 Views
N
Nidhi Kumari
Contributor-Level 10
If you're looking for a Master of Accounting degree that's comparable to Ohio State University, you might want to look at other esteemed colleges with excellent accounting programs. Reputable universities with extensive curricula and promising employment prospects for graduate students in accounting include the University of Michigan, Ann Arbor, and the University of Illinois in Urbana-Champaign. According to this, the accounting schools at the University of Texas at Austin and the University of Southern California are well-rated, offering demanding instruction and solid industry ties. Higher education institutions with strong alumni n
...more
Taking an Exam? Selecting a College?
Get authentic answers from experts, students and alumni that you won't find anywhere else
Sign Up on ShikshaOn Shiksha, get access to
- 63k Colleges
- 962 Exams
- 606k Reviews
- -50000 Answers