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There's no doubt that writing an assignment on accounting can be a pain in the neck at times yet you can't ignore the tremendous impact it can have on your academic growth and performance.
Basically, accountancy or accounting is a process that creates and maintains a comprehensive financial report of a business entity. The report systematically presents in-depth insights into a company's financial transactions, assets, liabilities, income/revenue, expenses, etc.Accounting is a vital process and without it no organisation, be it a micro-level business or macro-level entity like government, can operate efficiently since they wouldn't know their financial status. In fact, not even budgeting is possible without having proper financial records. In short, without accounting, there would be a total chaos in the world.
To save the corporate world or government from such chaos, people pursue this field and gain expertise over subjects like:
- Financial accounting
- Balance Sheet / Financial statement
- Ratio analysis
- Principal accounting
- Trial-Balance
- Managerial accounting
- Cost accounting
- Depreciation
- Budgeting
- Cash Flow/ Fund Flow
- Material Price/ Quantity variance
- Ethics
- LIFO/FIFO
Nonetheless, writing a high-level paper on accounting is easier said than because there are a number of things that can cause you problems and, thus, hinder your work such as you may lose your concentration earlier on due to dull topic, give up due to tight deadline, can't write proper due to lack of technical writing skills, etc.
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