Rashan Daniels
American Intercontinental University
Unit 1 Individual Project
ACCT205 -1303B-02
8/30/2013
Abstract
This paper is about accounting it will go over the accounting process it also explains the importance of accounting and also how technology plays apart. This paper will also go over the primary objective of accounting.
Welcome The Colony High School today I will talk about what I do for a living I am an Accountant. What is an accountant? What does an Accountant do? I will start with the first question. What is an Accountant? An accountant is an individual who performs accounting tasks for individuals or companies. The exact material that an accountant handles varies depending on the size of the company and the accountant's specialization, but generally includes financial records, taxes, and responsibility for the issuing of financial reports. An accountant is one of the primary figures in a business that he or she works for, whether it is a multinational corporation or a small family owned business.(wisegeek.com)
Everyone is an accountant to some extent for example balancing your checkbook going over bank statements to make sure there is on mistakes or making sure your account balance is where it is supposed to. With that being said we are talking about accounting on a bigger level. There are four primary objectives in accounting and I will list and explain all four. The four objectives are maintenance of records and business transactions, calculation of profit or loss, depiction of financial position, and to provide information to users.
The first is the maintenance of records and business transactions. In this objective it is my job to record all transactions made anything that was paid or brought and bills that had to be paid any money that was received. All assets and investments the transactions are entered into a journal then put into a leger from which the different statements can be made. With the use of recites and bank...