ACCOUNTING PROFESSIONJerick Jhon T. Barnachea

Topics to be Covered

• Accounting• Career in Accounting• Branches of Accounting• Types of Business

Definition of Accounting

• What is Accounting?

Language of Business

Art and ScienceA service activity

• Public Practice Not an employee of Company.

Career in Accounting

Positions:• Entry –Level Positions: Audit Staff, Tax Staff

and Management Services• Middle-Level Position: Audit Manager and

Tax Manager• Advanced-Level Position: Senior

Consultant/ Financial Advisor

Career in Accounting

• Private Accounting They employed in a private enterprise

―Positions:• Entry-Level Positions: Financial Accounting Staff,

Budget Analysts, and Internal Audit• Middle-Level Positions: Senior Fraud Examinee,

Comptroller, and Senior Forensic Auditor• Advanced-Level Positions: Chief Financial Officer

and Chief Information Officer

Career in Accounting

• Government Accounting Focuses on the funds and their purposes

―Positions:• Entry-Level Positions: Accounting Clerk, Audit

Examiner, and Budget Analyst• Middle-Level Positions: Government

Accountancy and Audit• Advanced-Level Positions: National Treasurer and

Assistant Commissioner

Career in Accounting• Practice in Education/Academe Involves in teaching accounting subjects

―Positions:• Entry-Level Positions: Junior Accounting

Instructor• Middle-Level Positions: Senior Faculty and

College Dean• Advanced-Level Positions: VP for Academic

Affairs and College or University President

Branches of Accounting

• Financial Accounting – Preparation of financial statement in accordance with GAAP.

• Management Accounting-Provides information to internal users only.

• External Auditing-Checks whether financial statements are accordance with GAAP.

• Internal Auditing-Monitors company operations and internal controls in place.

Branches of Accounting

• Forensic Accounting-Investigation ad litigation support for financial cases.

• Tax Accounting-Preparation of tax returns, tax advisory services.

• Fiduciary Accounting-Accounting for trust and estates.

• Accounting Systems-Design, implementation and monitoring of accounting procedure and methods.

• Services Selling people’s time

Types of Business

Structure:Hiring skilled staff and

selling their time

Examples:Software development and

Accounting Legal

Types of Business• Trader Buying and selling products

Examples:Wholesaler

Retailer

Structure:•Buying a range raw materials•Manufactured goods and consolidating them•Making them available for sale

Types of Business• Manufacture Designing Products, aggregating components

and assembling finished goods

Structure:Taking raw materials and using equipment and staff to convert them into finished

goods

Examples:Vehicle Assembly

ConstructionChemicals

Food and DrinksWater

ABOUT MYSELF

Hello, I am Jerick Jhon T. Barnachea, an Accountancy student. I am 17 years old and my hometown is Aritao, Nueva Vizcaya. I love reading books that are educational and I love to watch anime and my favourite anime is one piece.

Thank You for watching I hope you learned a lot from my presentation !!!