Why Accounting? Why CPA?. CPA Certified Professional Accountant Average earnings in Canada is $47,000 but it can salary can rise up to $142,000. If you.

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Presentation transcript:

Why Accounting? Why CPA?

CPA Certified Professional Accountant Average earnings in Canada is $47,000 but it can salary can rise up to $142,000. If you work in the mining, and oil and gas sector, your mean average can rise up to $194,000 and $203,000

Entrepreneur? Even if you do not become a CPA, learning about accounting can help you in managing your business and understanding your finances

Stock Market How do you know if your stock is doing well? One way is to look at the company’s financial statements This is where understanding simple accounting concepts would be useful

Different types of accountants Auditors Forensic accountants Tax accountants Controllers Bookkeepers Accounts Payable/Receivable Clerk Budget Analyst Chief Financial Controller Payroll Clerk

Learning about accounting concepts will help you answer the following questions: Is the business earning enough profit? Are the selling prices of the products set at the right amount? How much does ABC Company owe the business? How much does the businesses owe to XYZ Company? What is the value of all the goods for sale? Do How much does it cost to produce product X? How much did John Smith earn last year? Do we have enough money to meet our needs? Can we finance a business expansion?