The document discusses emerging trends in accounting. It provides a brief history of accounting dating back to ancient civilizations. It describes the importance of accounting in systematically recording, classifying, summarizing, and interpreting financial information for decision making and future reference. The types of accounting discussed include financial accounting, management accounting, cost accounting, and emerging areas like public accounting, tax accounting, and forensic accounting. Career opportunities in accounting such as CA, CMA, and CFA are also mentioned.

1. DR.C.PARAMASIVAN,PH.D
ASSISTANT PROFESSOR OF COMMERCE
PERIYAR E.V.R COLLEGE (A)
TIRUCHIRAPPALLI – 620023
TAMIL NADU
EMERGING TRENDS IN
ACCOUNTING

2. ACCOUNTING
Accounting is the art of recording
business transaction
It is the language of business
Financial transaction of economic
entities
Communication of financial
information

3. HISTORY OF ACCOUNTING
 The early development of accounting dates back to ancient
Mesopotamia, and is closely related to developments in writing,
counting and money
 early auditing systems by the ancient Egyptians and Babylonians.
 By the time of the Emperor Augustus, the Roman government had
access to detailed financial information.
 Established by Italian mathematician LUCA PACIOLI in 1494.
Father of book keeping
 In India , Kauṭilya mentioned in Arthashastra
 Accounting began to transition into an organized profession in the
nineteenth century, with local professional bodies in England

4. IMPORTANCE OF ACCOUNTING
 Recording
 Classifying
 Summarizing
 Systematic manner
 Interpreting result
 Decision making
 Future Reference

5. TYPES OF ACCOUNTING
Financial Accounting
Management Accounting
Cost Accounting

6. EMERGING ACCOUNTING
 Public Accounting
 Tax Accounting
 Forensic Accounting
 Project Accounting
 Social Accounting
 Environmental Accounting
 Inflation Accounting
 Human Resource Accounting
 Computerized Accounting

7. ACCOUNTING SOFTWARE
 Tally ERP 9 - An comprehensive
accounting software
 Profit Books - The next generation Online
Accounting Software
 Busy Accounting Software - Busy
Infotech Pvt. Ltd.
 Accounting Guru - Veersoft Solutions
 Accounter - Vimukti Technologies Pvt.
Ltd.
 Wings Accounting - WingsInfo

8. CAREER IN ACCOUNTING
CA
 CMA
 CFA
 DIFRS
 MBA
MCOM
 B.VOC (Accounting )

9. EMPLOYMENT IN ACCOUNTING
 Auditor
 Accountant
 Financial manager
 Store keeper
 Purchase officer
 Casher – Clark
 Self employment

10. OPPURTUNITIES FOR ACCOUNTING
Make in India - Skill India
BFIS
Financial consultancy
BPO
Stock market
Report writing

11. LIFE MANTRA
MARKET A PRODUCT
OR
MARKETABLE PRODUCT

12. SMALL THINGS MAKE LOT

13. THANK YOU
for your kind patient