4 answers
Rihanna
Student
Nashville, AR
1
Question
Asked
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What is the worst thing about Financial Accounting ?
I’m in the 9th grade.
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4 answers
Sajid Hakim
Finance
8
Answers
West Bloomfield Township, Michigan
Updated
Sajid’s Answer
Hello Rihanna,
Accounting is an excellent career choice full of abundant opportunities. As with all professions, it comes with its own set of responsibilities. Given that a company's profit and loss are determined based on accounting information, it's crucial to ensure its accuracy. Although it's extremely rare, serious mistakes or intentional inaccuracies could lead to potential legal action. However, don't let this scare you. Instead, let it underline the importance of the role you play as an accountant. Embrace these responsibilities with seriousness and integrity, and you'll find the profession both rewarding and fulfilling.
Accounting is an excellent career choice full of abundant opportunities. As with all professions, it comes with its own set of responsibilities. Given that a company's profit and loss are determined based on accounting information, it's crucial to ensure its accuracy. Although it's extremely rare, serious mistakes or intentional inaccuracies could lead to potential legal action. However, don't let this scare you. Instead, let it underline the importance of the role you play as an accountant. Embrace these responsibilities with seriousness and integrity, and you'll find the profession both rewarding and fulfilling.
Shirley L
Accountant
64
Answers
New York, New York
Updated
Shirley’s Answer
Hi Rihanna,
I was a junior in high school when I took my first financial accounting class. Financial accounting can be difficult at first because you need to understand the accounting equation (Assets = Liabilities + Owners' Equity) and debits and credits. Then, learn how to create a journal entry. The purpose of financial accounting is to produce financial statements and communicate to external stakeholders how the business is performing.
It's a challenging course, but also very rewarding.
I was a junior in high school when I took my first financial accounting class. Financial accounting can be difficult at first because you need to understand the accounting equation (Assets = Liabilities + Owners' Equity) and debits and credits. Then, learn how to create a journal entry. The purpose of financial accounting is to produce financial statements and communicate to external stakeholders how the business is performing.
It's a challenging course, but also very rewarding.
Tammy Laframboise
Present pension and financial planning information to members of a pension
43
Answers
Toronto, Ontario, Canada
Updated
Tammy’s Answer
Hi,
I am retired now and became an accountant because I took an elective course during high school and found that I loved it. Accounting was easy for me. It just made sense. To become an accountant you must be very detail oriented. I would say the worst thing is the very extensive number of rules that you must know and be able to implement. The rules continue to evolve and require constant education and upgrading.
Accountants are sometimes not valued as they are considered "administration" and when it comes to cutting costs in an organization "administration" is the first place to look. Therefore it becomes harder to do the job with fewer people to do the same or even more work.
Best of Luck
I am retired now and became an accountant because I took an elective course during high school and found that I loved it. Accounting was easy for me. It just made sense. To become an accountant you must be very detail oriented. I would say the worst thing is the very extensive number of rules that you must know and be able to implement. The rules continue to evolve and require constant education and upgrading.
Accountants are sometimes not valued as they are considered "administration" and when it comes to cutting costs in an organization "administration" is the first place to look. Therefore it becomes harder to do the job with fewer people to do the same or even more work.
Best of Luck
Anthony Kofi Hene-Amoah
Translation, Editing, Project Management, Research and Evangelism
171
Answers
Jema, Brong Ahafo Region
Updated
Anthony’s Answer
Hello!
Please, note the following, regarding the worst thing about Financial Accounting:-
1. Involving in malpractices like bribery and corruption.
2. Unfaithfulness and lack of Transparency.
3.Finally, leading to dismissal, and prosecution in courts.
4. The best antidote is, practising virtues like honesty, faithfulness, dignity and transparency, in all your activities.
Best regards.
Please, note the following, regarding the worst thing about Financial Accounting:-
1. Involving in malpractices like bribery and corruption.
2. Unfaithfulness and lack of Transparency.
3.Finally, leading to dismissal, and prosecution in courts.
4. The best antidote is, practising virtues like honesty, faithfulness, dignity and transparency, in all your activities.
Best regards.