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They are accounting professionals that could work in all types of organizations and widely employed throughout the public sector, industry and commerce and in private accountancy practices. Questions on Financial situation about the company: A What is the financial picture of the organization on a given day.... Time and an accurate accounting measurement is what will be considered in determining the importance of accrual accounting.... Having financial statements in the same format allow them to be compared and in this essay we shall discuss how the accounting standards came about, and why it continues to exist until this very day, as the format of such practice has changed dramatically over the years as they are now used as a reference when problems occur.... The accounting community is a highly competitive one and in combination with technology things are changing in a very fast pace.... While looking at ethical standards one has to look at four different areas they are competence, confidentiality, integrity, and objectivity. At this point it's not about feedback, it's just about evaluating students' skills. The two main types of accounting, financial and managerial accounting are used to evaluate a businesses financial status through financial information that is specific to the audience. More useful student feedback. Search Our Free Directory. But the rubric isn't your voice. And the beauty of good uses of technology is that they don't just solve the problem at hand, Accounting correct essays online free, they open new doors that weren't previously possible. These countries constituted the Board of IASC at that time. FIA FA2 - 7 Trial balance and correction of errors