WBBBB AMS is established to cater the accounting needs of Micro-Small Entities (MSEs) and Small and Medium Entities (SMEs) Our accounting firm offers valuable and quality services at affordable and reasonable fees. Survey operations to ascertain accounting needs and to recommend, develop, or maintain solutions to business and financial problems. Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data. Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources. Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services.
Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified. In general, there are four types of accounting: public, government, management, and internal auditing. Public accounting is the most extensive field and public accountants complete a wide range of accounting, tax, auditing, and consulting activities for individuals, corporations, and government organizations.
Government accounting handles the records of government organizations and completes auditing tasks for individuals and businesses that are subject to government regulation. Management accounting focuses on the analysis of financial data for companies and assist in planning and budgeting. In general, a minimum of a bachelor’s degree in accounting or related area is necessary to work as an accountant. Some employers seek individuals who have a master’s degree in an accounting related field.
A Bachelor of Arts in Accounting is a common degree and it provides a solid understanding of intermediate and advanced accounting practices. Two common master’s degree programs are the Master in Accounting and the Master of Business Administration with concentration in accounting. For example accountants will speak of outside accounting will have no understanding of this term. I then outgrew THAT and currently use Peachtree Accounting software to run my business.
In my opinion,the downturn in our economy is global competition and free trade.(free trade will be covered in a future lesson)Think global competition equals lost jobs and lost the plus side your future lies with the global economy. Take Coach Lombardi’s coaching methods to your home based business and watch the results you will achieve. The accounting equation is the foundation for the double entry accounting system where debits must equal credits.