Accountancy

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What is Accounting?

The American Accounting Association defines accounting as "the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information."

Accounting is an information science used to collect, classify, and manipulate financial data for organizations and individuals. Accounting is instrumental within organizations as a means of determining financial stability. Accountants are responsible for determining an organization's overall wealth, profitability, and liquidity. Without accounting, organizations would have no basis or foundation upon which daily and long-term decisions could be made. The budgets for marketing activities, profit reinvestment, research and development, and company growth all stem from the work of accountants. Accounting is one of the oldest and most respected professions in the world, and accountants can be found in every industry from entertainment to medicine.

Related Career Titles

Actuary	Fund Raiser	Administrator
Commodities Trader	Industrial/Institutional Buyer	Bookkeeper
Industrial Buyer	International Trade Specialist	Business Teacher
Assistant Controller	IRM Consultant	Commodities Trader
Computer Programmer	Management Accountant	Contract Administrator
Internal Auditor	Production Manager	EDP Auditor
Auditor	FBI Agent	External Auditor
Consumer Credit Officer	Managerial Accountant	Financial Investment Analyst
International Trade	CIA Agent	Industrial Transportation
Bank Examiner	Financial Analyst	Insurance Agent/Broker
Controller	Methods/Procedures Specialist	Inventory Control Specialist
Inventory Control Specialist	Claims Adjuster	IRS Investigator
Benefits/Compensation	General Auditor	Administrative Services Mgr
Cost Accountant	Payroll Manager	Property Accountant
IRS Investigator	Collection Agent	Student Affairs Manager
Budgetary Control Analyst	Governmental Accountant	Systems Analyst
Credit and Collection	Personal Financial Planner	Tax Compliance Specialist
Loan Administrator	Commercial Banker	Television/Film Producer
Certified Public Accountant	Industrial Accountant	Tax Lawyer
Entrepreneur	Plant Accountant	Tax Specialist
Loan/Consumer Credit	Professor	Treasurer
Chief Cost Accountant	Public Accountant	Treasury Mgmt Specialist
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Management Consultant	Stockbroker	Underwriter
Chief Financial Officer	Systems Analyst	Tax Accountant
Accountant, Public Practice	Sales Manager	Tax Supervisor/Auditor
Lawyer - Audit Manager	Systems Accountant	Treasury Management
Budget Accountant	Computer Programmer	Employment Agency Counselor
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Related Major Skills

Problem solver	Numerical computation	Oral and written communication
Adapt well to frequent change	Analyze and interpret data	Computer literacy
Organized	Critical thinking	Systemizing skills
Efficient	Work independently	Logical thinking
Team work