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Accounting professions and its role in the society

 

Table Of Contents


Title page

Approval page

Dedication

Acknowledgement

Table of content

Chapter ONE

Introduction

1.1            Statement of the problem

1.2            Objective of study

1.3            Significance of study

1.4            Scope and limitation of study

Chapter TWO

2.1            Literature review

2.2            History of accounting

2.3            Definition / features of accounting

2.4            Role of accounting profession in the society

2.5            The effect created by the body of org.

Chapter THREE

3.1            Summary of finding

3.2            Recommendation

3.3            Conclusion

Bibliography


Thesis Abstract

Accounting professions play a crucial role in society by providing financial information that is essential for decision-making. This research aims to explore the significance of accounting professions and their impact on various stakeholders in the society. The study will investigate how accountants uphold ethical standards and professionalism in their practice to ensure the accuracy and reliability of financial information. Additionally, the research will examine the role of accountants in promoting transparency and accountability in organizations, which is vital for maintaining stakeholder trust. Furthermore, the study will analyze the evolving nature of accounting professions in response to technological advancements and changing regulatory frameworks. With the increasing use of automation and data analytics in accounting processes, the research will explore how accountants are adapting to these changes and leveraging technology to enhance their services. Moreover, the study will investigate the role of accountants in fostering sustainability practices within organizations, considering the growing emphasis on environmental and social responsibility. The research will also delve into the impact of globalization on accounting professions, particularly in terms of international financial reporting standards and cross-border transactions. By examining how accountants navigate the complexities of global markets and ensure compliance with regulatory requirements, the study will shed light on the role of accounting professions in facilitating international business activities. In addition, the study will explore the challenges faced by accounting professions in maintaining their relevance and credibility in the digital age. With the rise of cybersecurity threats and data breaches, the research will investigate how accountants are addressing these risks and safeguarding financial information. The study will also consider the role of accountants in promoting diversity and inclusion within the profession to ensure equal opportunities for all individuals. Overall, this research aims to provide a comprehensive understanding of the role of accounting professions in society and their impact on various stakeholders. By examining the ethical standards, technological advancements, sustainability practices, global implications, and challenges faced by accountants, the study will contribute to the existing literature on accounting professions and inform future research in this field.

Thesis Overview

INTRODUCTION

1.1            BACKGROUND OF STUDY

The aim of this research project is to look into in detail the accounting profession and then remunerate its functions and rise in society.

The accounting profession is regarded in the course of history as social institution that when ever people met in the economic arena a references is needed to keep scare, this is accounting.

Since the turn of the 19th century, the accounting profession has grown tremendously all over the world. Infact, during the first sixty years of the 20th century, major economic and social force have thrust the accounting profession to new frontiers and responsibilities. The factor contributing to this growth are the increase of the large corporate business in number, size and complexity in addition to government influence in the affairs of business by taxation and regulation. Technological advance especially in the filed of computer, which has rapidly change the process of data accumulation and interpretation, are also factors contributing to the growth of the accounting profession.

The role of the computer in accounting profession has facilitated the traditional accounting function, such as payroll, cost accounting, and general book keeping. It is also used for analytical purpose such as cost benefit analysis. Etc

New types of work are added to the practice of the accounting profession, installation of accounting system, management of social activities, auditing and a host of other activities relating to financial production and organizational problem and government units. The accountant apart from the examining, supplying and communicating financial information to tis various, uses, gives his opinion on wide variety of representation such as sales, statistic, lease agreement advice on financial mobility and tax matters budgeting, cost control planning etc. he had also contributed immensely quota in a complex society in ways other then the ones stated above such as attacking problem of urban congesting, medicine, crime control, economic development etc.

The accounting profession is a wide based and complex profession this is because the above activities performed by accountant conflict complex problems and this creates the need for a high degree of specifies to enable him solve some of the problem created by management and society.

New kinds of problems like auditing and installation of accounting system can also be added.

1.1            STATEMENT OF THE PROBLEM



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