Accounting Profession and the Art of Record
February 17th, 2011 | Author: Admin
The accountant activity can be defined as the art of record, classify and summarize in a systematic and in monetary terms, the financial history of an organization. By the accounts, financial transactions of a company or organization are recorded in the books classified in separate accounts and summarized the results in the financial statements, which will be finally presented to users for their interpretation and analysis.
Accounting and control system and financial records, has existed since man has inhabited the planet, of course it has evolved to become as we know it today, an integrated system of principles and standards for recording financial transactions entities.
Different civilizations and ages of history contributed to the development of accounting, from the time we apply these knowledge in public administration although not officially, that is not yet possess the legal bases of the profession. The need for a commission to administer the loans purchased by the government, strengthened the establishment of various institutes for teaching it.
From creating the legal basis accounting, the various state secretaries and of the industrial growth and commercial sector, the accounting profession has become more demand in universities and colleges, as it contributes significantly in the new arrangements introduced by the system called globalization which allows free opening markets.
Accounting today is a challenge for the new professional practice is carried in either the public or private sector, not only a challenge but also as in any honorable profession, the individual who is dedicated to whom must be a person of integrity, possess a high degree of analytical ability. You must also have tact and maintain their personal appearance to match its professional character.
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Categories: Accounting Information
