Navigating Complexity: Core Accounting Branches, Skillsets, and the Evolving Scope of Financial Reporting
What is Accounting? - the act of analyzing financial data of the business form the business activities - the act of record-keeping the financial statement and the annual transaction - the act of transfering the financial information to the users through accounting reports (Crawford, 2023) Accounting had a improtant role contributing the users make decisions through their giving financial informations. Therefore, it was also known as a term of business. (Price, 1998) What is Accountant? Accountant plays a role of measuring the financial statements, situation and handing the taxes (Crawford, 2023) Who uses Accounting data? There are two main types of users: - Internal users: these group will be the person in the company called the mangement (owners, employees, managers,.. etc) - External users: these group will not be the person in the company but still had the right to recieve the information from the organization (creditors, investors,.. etc) (...