Accounting Skills Essay

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Recommended: Why ethics are crucial to accounting

Introduction:

In the UK today, only 15% of the labour force are in manufacturing; this will go down to about 10% by the year 2010.
In Pakistan, approximately 15% to 25% accounting students are increasing every year. The number of professional commerce institutions has increased from 36 to 100 since 1992. (Source: Central bureau of education, Pakistan)

What does this means?
More and more people are directing towards non-manufacturing environments which makes them more conscious about social and environmental factors than those technical. The decline of manufacturing has been changing the skills and competencies that accountants need in the 21st century to satisfy the needs and requirements of stakeholders.
Result is the division …show more content…

Think for a moment about what is thought to be involved in an accountant's workday. Most people would think about numbers, debits, and credits. Now that the idea of the stereotype has been introduced, it is time to know what accountants really have to tackle. Accounting is more closely related to other fields than a person might think. Communication in the work place makes writing skills imperative. When it comes to ethics, it seems as if accountant is the hub that connects the business world together. Stress is laid on the skills that may help business owners and stakeholders by the way of business sustainability, entrepreneurship and strategic thinking. Despite of critics; accounting professionals have proved incredible in past years to put the superlative strategic answers to the questions …show more content…

Consequently, more effort and time is elapsed. The reason behind this seems to be quite out of sight, which is obviously lack of computer knowledge. A key solution to this problem is the introduction of the related & useful I.T. section in every paper attempted and most data appearing in the questions should be computer generated reports. This may enhance & test a student's knowledge of Electronic Data Processing in tax, audit assurance, costing techniques as well as routine book keeping & final accounts. Where services provided by technology had mobilised the functioning of legal govt. authorities, tax authorities, national identification authorities and many more, accountants should if possible also have power over developing desired accounting software rather than using off-the shelf packages. "Remember, true security is found by committing yourself to improving one aspect of your life each and every day." Consolidating Your Future with Thirty Golden Rules -

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