emerging trends in accounting by c.paramasivan

DR.C.PARAMASIVAN,PH.DASSISTANT PROFESSOR OF COMMERCE

PERIYAR E.V.R COLLEGE (A)

TIRUCHIRAPPALLI – 620023

TAMIL NADU

EMERGING TRENDS IN

ACCOUNTING

ACCOUNTING

Accounting is the art of recording business transaction

It is the language of business

Financial transaction of economic entities

Communication of financial information

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

merging to form the Institute of Chartered Accountants in England

IMPORTANCE OF ACCOUNTING

Recording

Classifying

Summarizing

Systematic manner

Interpreting result

Decision making

Future Reference

TYPES OF ACCOUNTING

Financial Accounting

Management Accounting

Cost Accounting

EMERGING ACCOUNTING

Public Accounting

Tax Accounting

Forensic Accounting

Project Accounting

Social Accounting

Environmental Accounting

Inflation Accounting

Human Resource Accounting

Computerized Accounting

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

CAREER IN ACCOUNTING

CA

CMA

CFA

DIFRS

MBA

MCOM

B.VOC (Accounting )

EMPLOYMENT IN ACCOUNTING

Auditor

Accountant

Financial manager

Store keeper

Purchase officer

Casher – Clark

Self employment

OPPURTUNITIES FOR ACCOUNTING

Make in India - Skill India

BFIS

Financial consultancy

BPO

Stock market

Report writing

LIFE MANTRA

MARKET A PRODUCT

OR

MARKETABLE PRODUCT

SMALL THINGS MAKE LOT

THANK YOU

for your kind patient