Deca accounting stuff

Describe the need for financial information

provide information about a company's revenue, expenses, profitability, debt load, and ability to meet its short-term and long-term

Explain the concept of accounting

the process of recording and categorizing a company's transactions, and then summarizing, analyzing and reporting on these activities.

Describe the nature of income statements

a financial report that shows a company's income and expenditures during a set period

Explain the role of finance in business

to allow companies and individuals to fund certain activities or projects to be repaid in the future based on income streams generated from those activities.

Organize information

Make it neat

Set personal goals

collect data on income and expenditures, and make assessments on that data to create accurate P&L statements

Explain the need for ongoing education as a worker

increased earning potential, professional advancement, and a wider range of employment opportunities (world is ever changing)

Explain possible advancement patterns for jobs

experience, education, attrition, and promotion.

Discuss professional designations for accountants

Certified public accountant (cpa) or (CA) chartered accountant

Identify career opportunities in accounting

Staff Accountant.