2 answers
Genesis
Student
Chapel Hill, North Carolina
1
Question
Updated
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What is accounting and how can we manage money ?
I have a degree in accounting
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2 answers
Gus S
Consultant
79
Answers
Los Angeles, California
Updated
Gus’s Answer
Accounting is the function of recording and reporting financial information for individuals and organizations, helping key stakeholders make informed decisions. Some careers in accounting:
Auditing: Review / audit prepared financial information to ensure that financials are accurate, complete, and reflect the appropriate accounting standards.
Tax: Assist in the preparation of tax filings and returns for individuals and corporations.
Management accountant: Analyze and prepare financial data to assist business leaders in planning and decision-making.
Auditing: Review / audit prepared financial information to ensure that financials are accurate, complete, and reflect the appropriate accounting standards.
Tax: Assist in the preparation of tax filings and returns for individuals and corporations.
Management accountant: Analyze and prepare financial data to assist business leaders in planning and decision-making.
Rafael Diaz Montelongo
Consultant
394
Answers
Raleigh, North Carolina
Updated
Rafael’s Answer
Hi Genesis,
With your degree in accounting, you already have a solid foundation in some accounting principles. Additionally, having friends or former classmates who work in accounting can give you firsthand insight into how these concepts apply in real-world scenarios. As you might know, accounting involves recording, analyzing, and interpreting financial transactions, providing crucial insights for decision-making. It mainly includes tasks like bookkeeping, preparing financial statements, auditing, and tax filing. A goal is to have effective money management involving budgeting, tracking expenses, saving, investing, and tax planning, helping achieve financial stability. Hope this helps!
With your degree in accounting, you already have a solid foundation in some accounting principles. Additionally, having friends or former classmates who work in accounting can give you firsthand insight into how these concepts apply in real-world scenarios. As you might know, accounting involves recording, analyzing, and interpreting financial transactions, providing crucial insights for decision-making. It mainly includes tasks like bookkeeping, preparing financial statements, auditing, and tax filing. A goal is to have effective money management involving budgeting, tracking expenses, saving, investing, and tax planning, helping achieve financial stability. Hope this helps!