Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets. --Thomas Sowell Luca Pacioli is considered the “Father of Accounting and Bookkeeping,” who made his name by publishing the first book detailing the double-entry bookkeeping system somewhere between 1470 and 1517. Since then, the field of accounting has evolved immensely to . . .
According to history, in 1789, at the age of 83, Mr. Franklin expressed the above opinion in French in a letter to Jean-Baptiste Leroy, a scientist. Others, who preceded Franklin, had similar quotes to this topic. Daniel Defoe, the writer of The Political History of the Devil in 1726, stated that - "Things as certain . . .
Accountants are tasked with keeping detailed financial records and creating reports, as well as preparing taxes. Although in the past it was possible to carry out all these tasks entirely by hand, the advent of accounting software has made things much easier. But with so many useful programs on the market, many students find themselves . . .
Make no mistake - there are many benefits of getting a master's degree in accounting. For starters, having a master's degree rather than a bachelor’s degree in accounting means that you acquire specialized skills. Examples of this might be getting a master's degree in forensic accounting or taxation. Having a specialty in accounting improves your . . .
Are you looking for work experience while you prepare to become a CPA? Thankfully, many jobs exist to help you gain experience and fill out your resume. One of the jobs includes becoming an accounting clerk. Accounting clerks typically work for small to medium-sized businesses. Their job description is typically quite broad since they tend . . .
Accounting assistants play a vital role in professional accounting firms. Without them, the business simply cannot function. Additionally, the job of an accounting assistant can provide invaluable experience towards becoming a CPA. They do basic bookkeeping, fact-checking, handle money, file accounting documents, and other related tasks. On the other hand, an accounting assistant can even . . .
Accounting controllers (sometimes referred to as financial controllers) are responsible for all the accounting operations of a company. They work closely with other accounting professionals such as the CFO and accounts payable clerks. At smaller companies, they may work directly with the president to ensure all the company’s accounting processes are running smoothly. At larger . . .
The question of opportunities for advancement is important to most professionals when choosing a job or a career. For an accountant, the job of controller is one area where advancement is possible. These positions typically offer greater responsibilities, greater salary, and management experience. Many will note that when comparing the job of an accountant and . . .
An accounting clerk may be one of the lesser-known persons in an accounting firm or organization, but they are integral to successful day-to-day business operations. While researching this career, you may find that the terms accounting clerk and accounting assistant are often used interchangeably, but there are usually differences in their job description and salary, . . .