Extending beyond the actual making of records, i.e. book keeping, Accounting is concerned with the use these records are put to, their analysis and interpretation. It is an excellent preparation for any business related occupation though not essential for any business college. Professional training in Accounting would obviously still be a great help to students wishing to pursue any third level business related course.
What Accounting involves
- You learn to prepare business and final accounts, cash flow statements, public accounts.
- You learn Management Accounting. This involves business day to day planning and planning for the future using Costing and Budgets.
- You deal with Accounts of non-profit making organisations.
- You learn to analyse and comment on financial records.