The Prospect of Accounting as a Profession Implication for Accounting Students
Quick Navigation for Final Year Undergraduates, Masters (Thesis), and Ph.D. Dissertation Students Who Need Our Services on Their Research Works
|Find More Project Topics||FIND HERE|
|Hire Us for Thesis Works||HIRE NOW|
|Hire Us for Project Works||HIRE NOW|
|Hire Us for Seminar Works||HIRE NOW|
|Hire Us for Assignments||HIRE NOW|
|Hire Us for Proposals||HIRE NOW|
|Contact Us||HERE NOW|
Abstract on The Prospect of Accounting as a Profession Implication for Accounting Students
The title of this project is “The prospect of accounting as a profession; implication for accounting students. The project was written to highlight the prospect of accounting profession, to identify the problems associated with accounting students in their pursuit /of academic certificate and the implications of the problems for the students.
The study aroused the interest of the investigator because he felt that the study of accounting have been impeded with multiplicity of the factors inhibiting it. To identify these problems, the research Chapter one.
Chapter One of The Prospect of Accounting as a Profession Implication for Accounting Students
Many people think of accounting as a highly technical field which can be understood only by professional accountants. Actually, nearly everyone practices accounting in one form or another on an almost daily basis. We live in an era of accountability. Although, accounting has made sits most dramatic progress in the field of business, the accounting function is vital to every unit of our society. An individual must account for his or her income, and must supply personal accounting information in order to buy a car or home to qualify for a college scholarships to secure a credit card, or to obtain a bank loan. Large corporations are accountable to their stockholders, to government agencies, and to the public.
The federal government, the states, the cities, the school district: all must use accounting as a basis for controlling their resources and measuring their accomplishments. Accounting is equally essential to the successful operation of a business, a university, a polytechnic and a social program.
DEFINITION OF ACCOUNTING: Okechukwu (1999), defined accounting as, “the art of recording, classifying and summarizing, analyzing, interpreting and reporting on the financial transactions and position of an organization to interested persons or bodies.” He gave this definition because whenever two or more persons comes together to form a union or an organization, the next thing is that money must be involved. Also, the accurate recording of the financial dealings of the companies, as well as the correct reporting of the financial results of the union’s activities for a period to the members of that union, and to outsiders become of paramount importance.
Amachina and Ezeh (1996), defined accounting as, “a profession that co-ordinates the functions of financials accounting which is concerned with the recording, analyzing, summarizing and interpretation of business and other entities”.Okafor (1996), defined accounting as “a systematic means of writing of economic history and plans of an organization in both quantitative and financial manner so that facts can be revealed, and properly analyzing such fact for the purpose of advising management.
OTHER AREAS OF ACCOUNTING INCLUDES:
a. MANAGEMENT ACCOUNTING – Osuagwu (1998), defined management accounting as, “the application of accounting knowledge, technique and skills to the provision of information designed to assist all levels of management in planning and controlling the activities of a business enterprise.”
Moreover, the chartered institute of management accountant (CIMA) defines management accounting as, “an integral part of management concerned with identifying, presenting, and interpreting information used for formulating strategy, planning and controlling activities, decisions taking optimizing the use of resources, disclosure to shareholders and other external to the entity, disclosure to employees and safeguarding assets.
b. COST ACCOUNTING: Onovo et al (2002), defined cost accounting and costing principles, methods and techniques in the ascertainment of costs and the analysis of savings and excesses as compared with previous experience with standards. Nze (1998), defined cost accounting as, “The accounting of the cost of production of goods or services or both of them”.
This research material is intended for academic use only and should be used as a guide in constructing your research project and seminar presentation. You should never duplicate the content word for word (verbatim), as SCHOOLTHESIS.COM will not be held liable for anyone who does.
The purpose of publishing this material is to alleviate the stress of hopping from one school library to the next in search of research materials. This service is lawful because all educational institutions allow students to read past projects, papers, books, and articles while working on their own.
SCHOOL THESIS is merely giving this information as a research reference. Use the document as a reference or structure for your own research paper. This paper’s content should be able to assist you in coming up with new ideas and thoughts for your own study
The Prospect of Accounting as a Profession Implication for Accounting Students research paper, should only be used as a guide.