Accounts-Theme1

Year9

What is the purpose of accounting?

Accounting is the process of recording classifying summarizing and analyzing data.

What is the role of an accountant in a business?

To record, collect, analyze and report your financial data

An accountant’s benefits

Accountants help with their financial reporting skills, make sure that regulations are followed, and help with tax planning.

Who are the primary and secondary users of accounting information?

The primary users of accounting information are investors, creditors, and management. Secondary users include employees, customers, government agencies, and the general public.

categories of employment in financial and accounting sectors

Accounting, Banking and Finance, Insurance, Public Policy and Management.