Abstract
Modern organizations are increasingly becoming more complex whether it is sole proprietorships, partnerships or Limited Liability Companies (LLC) (and in many cases global) thereby engendering the need for complete, transparent, reliable and accurate information that can be accessed quickly by the assistance of different branches of global professional accountants such as Certified Professional Accountant, Chartered Accountant, Certified Public Accountant, Management Accountant, Cost Accountant, Financial Accountant, General Accountant, Auditor, Tax Accountant, CA, CPA, CMA, CIMA, CFA, CFO, ICPA and so on. Internationally most large business organizations are well organized by a broad and disparate set of shareholders. These shareholders require the information i.e. quantitative (financial) and qualitative (non-financial) relating to their various organizations in order to make ongoing decisions through financially like dividend or non-financially or strategic decisions – which can range from deciding to invest more and hold more shares, sell off part or all of their holdings, take critical decision on the management and boards of the financial institutions and banks etc. Besides, other stakeholders need the information to make decisions relating to lending, taxation, employee benefits and remuneration. It is essential that the quality of decisions that investors can make is largely dependent on the reliable and quality of information available to them. However, one thing that is common to all organizations is that the accountant plays a pivotal role towards the successful achievement of their strategic objectives by ensuring that the critical ingredient required for decision making is prepared and presented in the required format.
Highlights
Accounting profession has played a very vital role in ancient era and playing a significant task in modern world
Accounting subject itself has well set career for men and women residing in global village, after certifying in different field of accounting, potential or existing accountants may keep their eyes on top positions in manufacturing industry, corporate management, government, non-government organizations and general business
None of the business entity can successfully operate without the help of accounting or accountant
Summary
Accounting profession has played a very vital role in ancient era and playing a significant task in modern world. Accounting subject itself has well set career for men and women residing in global village, after certifying in different field of accounting, potential or existing accountants may keep their eyes on top positions in manufacturing industry, corporate management, government, non-government organizations and general business. Accounting fulfills the basic need of every businessman, from the each monetary transaction, business deals through finance, to operations of assets question or addition everywhere accounting function involves. None of the business entity can successfully operate without the help of accounting or accountant. Modern accounting or financial software are used to operate. Wise businessmen when in business rather he or she must have some basic accounting knowledge and skills though they should have hired professional accountants as well as tax accountants or practitioners from different branches of global accounting.
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