Future Accountant

Basic Accounting Process

We have recently uploaded academic content relating to the basic accounting process. This content takes you through a small example situation making you understand the need for accounting and gives you an insight into the basics of accounting.

After going through the content you would appreciate the approach we have adapted to make the reader understand the fundamental concepts in accounting.

You would walk through the process of learning about concepts, conventions, the journal, ledger and the trial balance all in a short span with an understanding that would make you feel at ease.

These approaches are unique to us and we have derived this methodology of teaching accounting over a period of time. Its tested and proven method.

Its one of the best notes you can lay your hands on for learning accounting.

Consignment Accounting

Consignment accounting is partially complete. Even here we do take you through an example, which would make it easy for you to understand the consignment business and the various transactions that an accountant comes across in consignment accounting.

Yes, Accounting is a “Super Power”. We do not know how many would agree with this. There is a logical reasoning behind this.
Every one of us accept that “Information is Power”.

What’s the basic purpose of accounting?
The basic purpose of accounting is derivation of information.

Then, if “Information is Power”, what should the one that derives it be?

Super Power!!! isn’t it?

Be aware that the accounting function is going to play a major role in the future of organisations. The key person is the accountant. We are not talking about the accountant in the traditional role that we visualise. Not the one whose only function is to maintaining records. He/She would be the guide for the organisation. The one who would be able to show the organisation the paths it has to tread, make aware of the pitfalls because everything is ultimately measured in terms of its economic consequence.

Be alert and get ready for the revolution that would place accountants in a position of supreme power.

Beware, even those holding powers may not be powerful unless they know how to utilise their powers in a proper manner.