2. 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.
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3. 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.
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4. 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.
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5. 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.
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6. 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
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