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November 22, 2010

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Yes, accounting is aclaluty a good field to be in, in good times or in bad times because companies ALWAYS need to keep their books and financial records. (That is, until they go under.) So don't let the economic news affect you; go after accounting jobs in the businesses or industries that interest you.

In the cash basis actual riepect or payment of cash ( cash includes cheque) is accounted.Under the accrual method irrespective of the movement of cash, ( riepect / payment ) the Transaction is accounted on the due date. For example If Rent is not paid on the last day of the month, it is accounted by debiting Rent a/c crediting Accounts payable. As the inventory is already received and payment is not made, it is appropriate to follow the accrual method. The accrual method is good for the company having inventory.Yes For a bigger company it is advisable to follow the accrual system, otherwise it is very difficult to assess the actual financial position of the Company.By following the accrual system the correct profit and loss, payable and receivable ( creditors debtors position) can be ascertained at any time. This helps for a healthy growth of the company.

It's entirely possible that one or more of these ideas could have been a big success had we given it the college try. Instead, these ideas died on the vine -- usually in one minute of a 1:1, a couple minutes before a different meeting got a quorum, or in a hallway conversation on the way to lunch. Generating good ideas is only as important as getting buy in for them. If you come up with ideas no one wants to act on, you're about as useful as someone who doesn't come up with any ideas (but you'll be a lot more frustrated and bitter).

Nice, and thanks for sharing this info with us.
Good Luck!

First come! Write well and happy New Year.

The report says a major goal for kindergarten through eighth grade should be understanding fractions!

Roberta which is coming up way to quickly.....tee hee, but you know I work great under pressure, i will get it all done!.Works.

This is a very good topic for a research. For me, Accountants must be excellent in using excel because this is really important in computing and analyzing financial data's. Accountants must also learn to use accounting softwares for many companies now are using accounting softwares for their financials.

Um...like the style of your writing.*_*

Can someone please stone Yasmin Alibhai-Brown to death? I shan't tell Amnesty if you don't. It would be a blessing, really.

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