accounting: the language of business

ACCOUNTING: The Language of

BusinessCinthya Moreno

What is accounting?

Accounting is the art of recording,

summarizing, reporting, and analyzing financial transactions.

Four Types of Accountants1. Consultants

They analyze, interpret and evaluate financial statements and reports for the internal management of organizations

2. Forensic Accountants They investigate white-collar crimes

including issues like securities fraud and bankruptcies

3. Public Accountants CPA (Certified Public Accountant). They

do auditing, tax and financial planning and providing advice about compensation and benefits

4. Tax Professional Specifically trained in the field of

taxation

Accounting it’s more like a puzzle, because accountants need to gather and put together information. They use math to tell a story or achieve a desired outcome.

SALARY

The median annual salary for an accountant was $63,550 in 2012, or $30.55 per hour

The best-paid 10 percent earned roughly $111,510It all

depends on your experience

Video• http://www.youtube.com/watch?v=Zk_Hd9hEC9Y