5.0
Sep 4, 2018
Recommend
CEO approval
Business Outlook
Pros
Accounting profession is one of the noble professions of this world. Accounting is the recording of the financial transactions of a business or organization in a systematic manner so the owner of the business can know the outcome of the business at the end of year.
Cons
It is a highly regulated field and accounting must be conducted according to standard accounting principles such as accrual, conservatism, consistency, cost, economy entity, full disclosure, going concern, matching, materiality, monetary unit, reliability, revenue recognition, and time period.
