Accounting Is The Language Of Business - 1286 Words

Accounting is a major that teaches the language of business, it opens doors to the business world all over the globe, the possibilities with a accounting major is endless in the business field. Whether you want to run your own business or become a certified public accountant majoring in accounting gives you the establishment. A major plus in having a career in business is the flexibility it offers. Many businessmen can make their own hours and handle their business at the comfort of their own home. With choosing a career in business you can go from owning your own building complex and simply making revenue by gathering rent from your renters to being a CEO of a business. The possibilities are nearly endless. Majoring in accounting is great path to entering the business world. It is well known that accounting is the language of business. Accountant majors may have the ability to run their own business or help other businesses run their business. Many professionals also chose to work with the government, auditing, accounting firms, and managerial positions at companies-big or small. This is no new news to people in this day in age. Accountants and businessmen and women have been active careers since the beginning of time. The background of businessmen and accounting goes all the way back to civilization. People have been recording their expenses and earnings since day one. Businessmen have been building buildings and establishing businesses since civilization. BookkeepersShow MoreRelatedAccounting : The Language Of Business913 Words   |  4 Pagesto Gaspar (2014), accounting can be viewed as â€Å"the language of business† as it records, summarizes and reports the financial activities and events of a business. The information that is generated from accounting is used by people to make important decisions, such as managers, stockholders, potential investors, and creditors. The income statement, balance sheet, statement of retained earnings and statemen t of cash flows are the most important reports generated by the accounting information systemRead MoreAccounting Is The Language Of Business4305 Words   |  18 PagesIntroduction Accounting is the language of business. It is a profession that is being guided by principles, concepts, conventions, laws, etc. All these fundamental building blocks serve as common and general compasses to all practitioners of the profession. In some cases, they are nation-wide tailored, while in other cases, they are universally tailored. Accounting as a living, practical, dynamic and realistic profession covers so many areas of social, economic (business), and governmental activitiesRead MoreAccounting as a Language of Business6003 Words   |  25 Pages1. Define accounting? Answer to the Question no. 1 Definition of Accounting: â€Å"Accounting is an information system that identifies, records and communicates the economic events of an organization to interested users.† —Kieso, Weygandt, Kimmel-Accounting Principles. â€Å"Accounting refers to the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions by users of the information.† —The American AccountingRead MoreAccounting Is Dubbed â€Å"Language† of Business Activities1153 Words   |  5 Pagesobjectives of business -----‘Accounting is dubbed â€Å"language† of business activities conducted by firms as it is used to communicate business transactions per se to all stakeholders’ According to Weygand, Kieso and Kimmel (2012, p.4), the main purpose of accounting is consists of three basic activities, identifying, recording and communicating the business events by users. These three activities help the firm to operate the business to make decision be meaningful. Business hasRead MoreHow Accounting Is Regarded As The Language Of Business1871 Words   |  8 PagesAccounting is regarded as the language of business to most of us . Who are the main users of this old ancient financial language and what do they look for and why do they look for these things? People interested in this language are normally looking for information where its creditors, bankers, financial analyst or even your good old fashion accountants. Preparing an income statement is not easy task I can become an integral part of communicating through numbers and explaining the financial transactionsRead MoreLanguage And Accounting Share Similarities1338 Words   |  6 PagesLanguage and accounting share similarities. Language has its own set of grammatical rules. Similarly accounting has its own symbols. Bloomfield (2008, p. 433) recognised that people communicate through written natural languages by selecting words from a standard vocabulary according to the rules of grammar, then organizing those words into sentences according to the rules of syntax and style. People communicate through accounting reports by selecting accounts from a standard vocabulary, combiningRead MoreWhat are the disadvantages of moving toward a set of global standards and what barriers need to be overcome to achieve the goal of standardization1104 Words   |  5 Pagesï » ¿Much of the world is moving toward a common set of global accounting standards. Discuss the benefits of having one set of accounting and financial reporting standards around the world, with particular reference to investors and multinational firms. What are the disadvantages of moving toward a set of global standards and what bar riers need to be overcome to achieve the goal of standardization? (ESSAY) As people need to speak the same language to understand each other while talking, participants onRead MoreAccounting Career Goals Essay1552 Words   |  7 Pagesthat I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recessionRead MoreLanguage and Culture in Business Essay881 Words   |  4 PagesAn article in the South Florida Business Journal on How Cultural, Language Differences Affect Business, explains the miscommunication in language and cultural in business transactions. And the article supports its statement by using real life examples . One example is the United States Latin American business endeavors which discovered that there can be a fine distinction in translations from English to Spanish or Portuguese. In the nineteen sixty’s the United State government found them selfRead MoreWhy Are Accurate Financial Statements Important for Outside Business Interests1432 Words   |  6 Pagesoutside business interests? Matt ACC 205: Principles of Accounting I Professor Kaplan Ashford University December 22, 2011 Accounting is specifically â€Å"a system by which economic information is identified, recorded, summarized and reported for the use of decision makers†; however, accounting involves interpretation and analyzing of all financial information, including taxing, personal financial information and investment (Alba, Bathija, Thonton, 2005). Accounting is defined