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Emerging trends in accounting by C.PARAMASIVAN
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.
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Dr. C. Paramasivan introduces the emerging trends in accounting as an Assistant Professor.
Accounting is the art of recording business transactions and serves as the language of business.
Accounting's origins trace back to ancient Mesopotamia with developments in financial information.
Key functions of accounting include recording, classifying, summarizing, interpreting results, and decision-making.
Three main types of accounting: Financial, Management, and Cost Accounting.
New accounting types include Public, Tax, Forensic, Project, Social, Environmental, Inflation, HR, and Computerized Accounting.
Various accounting software tools like Tally ERP 9, Profit Books, Busy, Accounting Guru, and Wings Accounting.
Career opportunities in accounting include CA, CMA, CFA, DIFRS, MBA, MCOM, and B.VOC in Accounting.
Different roles include Auditor, Accountant, Financial manager, Store keeper, Purchase officer, Cashier, and Self-employment.
Emerging opportunities include Make in India, Skill India, BFIS, financial consultancy, BPO, stock market, and report writing.
Emphasizing the importance of marketing a product or creating a marketable product.
Encouragement that small things accumulate to create significant results.
Thank you for the audience's patience during the presentation.
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- 1. DR.C.PARAMASIVAN,PH.D ASSISTANT PROFESSOR OFCOMMERCE PERIYAR E.V.R COLLEGE (A) TIRUCHIRAPPALLI – 620023 TAMIL NADU EMERGING TRENDS IN ACCOUNTING
- 2. ACCOUNTING Accounting is theart 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 FinancialAccounting Management Accounting Cost Accounting
- 6. EMERGING ACCOUNTING PublicAccounting Tax Accounting Forensic Accounting Project Accounting Social Accounting Environmental Accounting Inflation Accounting Human Resource Accounting Computerized Accounting
- 7. ACCOUNTING SOFTWARE TallyERP 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 Makein India - Skill India BFIS Financial consultancy BPO Stock market Report writing
- 11. LIFE MANTRA MARKET APRODUCT OR MARKETABLE PRODUCT
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- 13. THANK YOU for yourkind patient