Usage of Accounting Software Explained
Subject: Management Paper 1
Accounting is that the measuring, and disclosure or provision of assurance about
information that helps managers and other decision makers make resource allocation
decisions.
How to become an Accountant:
Accountants within the US are called Certified Public Accountants and within the UK
and Canada are called Chartered Accountants. Chartered Accountants in Canada are expected
to understand all US CPA knowledge also as a Canadian Accounting body of data. To
become an Accountant an undergraduate degree is required then a period of articling is
required which may take as long as 5 years with gruelling exams and an exhausting series of
finals.
In her notes compiled in 1979, Professor Linda Plunkett of the school of Charleston
S.C., calls accounting the "oldest profession"; actually, since prehistoric times families had to
account for food and clothing to face the cold seasons. Later, as man began to trade, we
established the concept useful and developed a medium of exchange. Evidence of accounting
records are often found within the Babylonian Empire (4500 B.C.), in pharaohs' Egypt and
within the Code of Hammurabi (2250 B.C.). Eventually, with the arrival of taxation, record
keeping became a necessity for governments to sustain social orders.
Perhaps the foremost significant benefits to contemporary accounting have been the
introduction of computer programs to help within the accounting function. Computer
programs were introduced in business and government organizations within the 1950s, and
