Also called Accountancy, it is the preparation and analysis of financial records for a commercial company, government, or other organisation. It enables decision makers to interpret financial information and use the results in planning for the future.

Often called as the “language of business” due to its usage in accounting data when communicating about a firm’s activities.

Financial reports- publicly owned companies are required by law to issue financial reports. Accountants prepare these reports, which summarizes a company’s financial condition.

Fields of accounting- Accountants may be classified by the type of organization that they work for.

Budget Accounting- Consists of drawing up a budget for the expected future activities of an organization during a certain period.

Cost Accounting- Deals with determining the expenses involved in producing and selling a product or service. Among these expenses are the wages paid to a company’s employers, the cost of the materials needed, and overheads costs of heat, light, power, maintenance of machinery.

Management Accounting- Involves recommending ways to improve an organization’s operating policies and increase it’s efficiency. Many accountants offer management consulting services and a business firm hires such accountants to study it’s system of management and suggest changes.

Tax Accounting- Consists of preparing tax returns for organizations or individuals and determining the taxes involved in proposed business transactions. Tax accountants suggest ways to save money. They must have a thorough knowledge of the tax laws and need to know the details of court rulings in a wide variety of tax cases.

Auditing- Involves the examination of the accounting records of an organization or an individual. They evaluate the accuracy of these records and whether they have been prepared by using generally accepted accounting principles.

Accountants are employed by all sorts of businesses and companies.Accounts is used everywhere in banks, office, schools, colleges, organizations. Maintaining an account is essential to one’s financial adult life along with a basic knowledge of mathematical calculations involved. Accounting as a subject can be complex, challenging and intimidating. Herein comes in the assignment writing service of EDULINK proficient enough and designed particularly to solve accounts related problems in a widely ranging periphery.