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What is Accounting?

What is Accounting?.

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What is Accounting?

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  1. What is Accounting? Practice and body of knowledge concerned primarily with (1) methods for recording transactions, (2) keeping financial records, (3) performing internal audits, (4) reporting and analyzing financial information to the management, and (5) advising on taxation matters. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the (1) resources available to a firm, (2) the means employed to finance those resources, and (3) the results achieved through their use. Read more: http://www.businessdictionary.com/definition/accounting.html#ixzz1rhCmaLGV American Accounting Association AAA Career Center

  2. Accounting Jobs

  3. What is Economics? Economics is the study of how people choose to use resources. From: http://www.aeaweb.org/students/ American Economics Association AEA Undergraduate Student Web Site The average salary for accounting majors is up 3.7 percent to $50,500. For these graduates, the top industry—in terms of number of hires—is accounting, tax preparation, bookkeeping and payroll services, with an average salary of $47,050. Highest-paying employers of accounting majors, however, were securities, commodities, and financial investments employers; the average salary in this industry stands at $53,910. http://www.jobsearchintelligence.com/NACE/jobseekers/salary-calculator.php# http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Reports/SS_January_exsummary_4web.pdf

  4. Economics majors currently average $54,400—up 6.3 percent over the average posted in 2010. The most likely explanation for this: Securities, commodities, funds, trusts, and other financial investment firms are both the largest employer for these graduates and provided the highest average starting salary—$77,640. http://www.jobsearchintelligence.com/NACE/jobseekers/salary-calculator.php# http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Reports/SS_January_exsummary_4web.pdf

  5. Careers for Economics Majors Students find that the major provides an excellent stepping stone for jobs in the private sector, including careers in: Investment banker Financial analyst Insurance broker Consultant Economic analyst Statistician Trade specialist Professor Trade researcher Business management Department of Commerce Federal Reserve Board Department of Labor Treasury Department Department of Agriculture

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