Principles of Accounting I_Unit1_IP

Principles of Accounting I_Unit1_IP - Principles of...

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Principles of Accounting Unit 1 Individual Project Kregg M. Soltow 8/30/2010 American Intercontinental University I have been asked to speak at a career fair for high school students in my home town. I making a presentation about my role as an accountant. In the following I will describe for the students the primary objectives of accounting, explain the basic terminology of the accounting process or financial reporting, explain how accounting can affect your personal life emphasizing professional ethics and explain the role that technology has played in small business accounting. The purpose here is to explain the role of accounting and accountant in an organization. I will also explain how the financial reporting is done. Accountants help an organization in providing authentic views of the financial position of the company. For this accountants have to cover various areas of accounting such as finances cost, management and tax accounting. Financial accounting helps in assembly, categorizing, analyzing and presenting financial data of a business in a manner so the important business decisions may be taken. Its key purpose is to give a reasonable view of the financial position of the company. For this reason said data must be collected, analyzed, classified and then presenting in a report form. Before
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This note was uploaded on 02/17/2012 for the course ITCO 101 taught by Professor Gugenhiem during the Spring '12 term at AIU Online.

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Principles of Accounting I_Unit1_IP - Principles of...

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