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 managerial accounting and cost accounting. Managerial accounting helps management teams make business decisions.
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.
Faculty By CA Ajay Rathi
CA Ajay Rathi is a well-known accounting professor who has taught thousands of students in GAAP Bright and Eten CA. He has extensive expertise instructing CA Foundation and CA IPCC students in accounting. Many breaths of the air have been among his students.
He is the only professor with a high reputation among his pupils only because of his academic achievements.
similarly, Ajay Rathi now created his own virtual lessons under the name “CA AJAY RATHI CLASSES,” which offers recorded classes across India.
He also suggests that CMA lectures be held in the near future. His students appreciate him as a teacher because of his excellent practical skills.