Accounting is the process of recording financial transactions pertaining to a business. (CA Inter Accounts). The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
The financial statements used in accounting are a concise summary of financial transactions. Over an accounting period, summarizing a company’s operations, financial position, and cash flows.
Types of Accounting
Requirements for Accounting
Example of Accounting
History of Accounting
Regardless of the size of a business,
Accounting is a necessary function for decision making, cost planning, and measurement of economic performance measurement.
A bookkeeper can handle basic accounting needs,
But a Certified Public Accountant (CPA) should be utilized for larger or more advanced accounting tasks.
Two important types of accounting for businesses are also managerial accounting and cost accounting. Managerial accounting helps management teams make business decisions.
Overall cost accounting helps business owners decide how much a product should cost.
Professional accountants follow a set of standards known as the Generally Accepted Accounting Principles (GAAP) when preparing financial statements.
About – CA Inter Accounts Faculty By CA Parveen Jindal
CA Parveen Jindal qualified Chartered Accountancy Course in 2002. He teaches CA Final Financial Reporting & CA Inter Accounts for both groups.
He has completed all the levels of this course in the first attempt with merit. similarly, Parveen Jindal Sir has been teaching accounts for many years now. in addition, Mr. Parveen Jindal is a first-class commerce graduate from Punjab University (Chandigarh) and, having done his graduation from Guru Nanak College.
Then, He qualified Chartered Accountancy Course in 2002. and He has completed all the levels of this course in the first attempt with merit at the age of 21 & half, far ahead of the completion of article ship.
Mr. Parveen Jindal completed his post-graduation in India Accounting Standards & IFRS in 2010. and, He also topped Punjab university by scoring 100% marks in Accountancy and Financial management.
Similarly, He has been appointed as a Member of the Accounting Standards Board of ICAI for the year 2004-05 and 2012-13 as a special invitee nominated. By the president of the Institute of Chartered Accountants of India. moreover, He has also been a member of the Recommendation Board of Accounting research committee for the year 2.