mardi 20 octobre 2015

Accounting and Management Glossary

This glossary is related to the field of accounting and management. In this glossary you will find most of the words that we use in this field.

Asset
It is an article that are owned by a person or a company. The article should have a value.

Bank loan 
It is money that we can get from the bank but it should be returned to the bank with interest.

Customers
A person who procures products or service from another person or a store.

Calculator
It is a machine that we use to calculate operations.

Discount
To deduct an amount of the real price,

Employer
A person who hires people to work and they are paid.

Sale
It is a quantity of stock that have been sold.

Salary
It is an amount of money that you receive for the work that you do for every two weeks.
Purchase
It is a product that we buy. To buy the product we have to a payment.
Inventory
It is the quantity of stock that a company have.

Commission
It is an amount that we pay to an employee. But this amount depends on how much sales that the employee have done.



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jeudi 8 octobre 2015

Accounting

In this article the author will explain what happens in a life of an accountant. To begin with, the job of an accountant is to verify the payments, the financial situation and to calculate the income of a client or a company. An accountant can also have other tasks and jobs that are related to this field. A person who studies in the field of accounting should like to work with numbers and also to understand and analyze them. In Greece we found documents that are related to financial and accounting topics. In 1494 a mathematician named Luca Pacioli published a book that explains topics about accounting such as bookkeeping. Lots of people study for the CPA exam and only 25 percent among them will pass that exam. Most of them will leave this profession and search another job that is related to the field of accounting such as finance. There are different jobs of accountant. There are corporate taxes accountant and personal income tax accountant. The differences between theses both jobs are that corporate tax accountant their responsibility are to take decisions to take in the company, analyze the tax effects and investment. A personal income tax accountant are responsible for following the income of the clients and to do the payments to governments. Actually, accountant who are new to a job they are guided by a professional who has more experience related  to the field of accounting. Also many company search people who have a bachelor degree in accounting, finance, or other fields that are related to accounting. Employers search students who have computer skill and also they should have an experiences related to their field of study such as accounting.  Professionals are becoming experts in accounting and some of them are working to reach another level. Some among them will start their own business or become a manager in a company. The rest of the people who leave this field are not satisfied with the environment of work. Also people who decide to stay in this job will get benefits for example an increase on their salary. Finally, there are also some independent accountant that works for fewer hours. By working shorter hours they could spend more time with their family and friends.

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Checked and revised with the help of the Virtual Writing Tutor grammar checker