Careers In Accounting Introduction Eligibility Job Prospects Remuneration Institutes www.entranzz.com.

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Presentation transcript:

Careers In Accounting Introduction Eligibility Job Prospects Remuneration Institutes

Introduction The purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. In order to do this, an accounting system must be designed. A system design serves the needs of users of accounting information. Once a system has been designed, reports can be issued and decisions based upon these reports are made for various departments. Since accounting is used by everyone in one form or another, a good understanding of accounting principles is beneficial to all.

Eligibility The basic educational qualification for pursuing a career in Accounting is taking 10+2 with Commerce as the main subject, followed by a bachelor degree in Commerce. For Post graduate courses such as M.Com one needs to have B.Com at graduate level. Along with subject specialization computer literacy is also essential. One must take a course in computer accounting software's such as Tally or some other related diplomas. One can further take up more advanced positions by doing ICWA, CA, Company Secretary ship or an MBA in Finance.

Job Prospects Employment of accountants and auditors is projected to grow 11 percent from 2014 to 2024, faster than the average for all occupations. In general, employment growth of accountants and auditors is expected to be closely tied to the health of the overall economy. As the economy grows, more workers should be needed to prepare and examine financial records.

An Accountant earns an average salary of Rs 198,884 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. The highest paying skills associated with this job are accountant, Tax Compliance, and General Ledger Accounting. Remuneration

Institutes Kakatiya University : Department of Commerce and Business Management, Warangal (Telangana) Aditya PU college, Bangalore (Karnataka) Indira College of Commerce and Science, Pune (Maharashtra) Baroda Institute of Management Studies (BIMS), Vadodara (Gujarat)…etc