What is the difference between Business Accounting and Accounting?

Updated on workplace 2024-03-01
10 answers
  1. Anonymous users2024-02-06

    Business accounting is mainly for the design of business accounting, and general accounting is mainly for the financial part of large companies, in fact, there are many similarities between the two.

  2. Anonymous users2024-02-05

    First, the promotion of market mechanisms. From the perspective of enterprises, the management consulting and other services provided by accounting firms are an important external resource for enterprises. When the cost of purchasing external resources is lower than the cost of setting up institutions or personnel, enterprises tend to buy from outside.

    The products provided by accounting firms such as auditing, management consulting and other services can not only meet the effective needs of customers, but also save the cost of enterprises. Because the core business of an accounting firm is auditing, it is very familiar with the financial status and operating results of the enterprise when performing the audit business, and if it accepts the entrustment of the enterprise to provide management consulting and other services, it will inevitably save working time and thus save the cost of the enterprise. Assuming that a company has a need for audit and management consulting services and wants to save a small amount of money, it can be done by finding the same accounting firm, so this kind of service expansion is most beneficial to the client.

    To put it one step further, to align all the skills of the accounting firm with the market demand, and to take certain measures to make the CPA maintain the independence it deserves, the enterprise will receive the best service. Judging from the current practice of countries and regions, they have shifted from the previous use of legislation to allocate service resources to allowing market mechanisms to allocate other service resources, and the choice decisions made by the buyers themselves. Since the CPA profession has a brand advantage, then, this advantage can be translated into market value.

    The second is the competition for the CPA profession. The competition for the CPA profession has led accounting firms to look for new areas of service. For a long time, providing financial statement audit services has been an important business for accounting firms in various countries, and in the face of such a mature and stable market share of the audit service market, it has been difficult for accounting firms to expand their scale and increase business income through audit services.

    Non-audit services are an area of intense competition between the CPA and non-CPA professions. Competition fuels the CPA profession itself. In recent years, it has become increasingly clear that large accounting firms are the largest providers of non-audit services.

    For example, KPMG USA recently reported revenues of $4.7 billion for the fiscal year ended 30 June 1999, of which tax services revenue increased by 23 per cent to $1 billion, and advisory services increased by 41 per cent from the previous year to nearly $2 billion. In the last 10 years, the American Institute of Certified Public Accountants has established two qualifications: Accreditation Business Valuation (ABV) and Accreditation Vnnancial Planning (ABV), and has developed the FINANC Planning Standard and the Corporate Valuation Standard ( business valuation standard,)。

  3. Anonymous users2024-02-04

    If you are an undergraduate, it is recommended to study accountingYou can quickly build up your hard skills; International business is also very good, but if you don't have a certain understanding of shopping malls and business, you may not be able to form solid skills as an undergraduate primary discipline, and it will not have a great role in promoting the future, so it is recommended to have a bachelor's degree in accounting, and if you are still very interested in international business in the future, you can choose a master's degree.

    International business is a panacea, as is finance and economics. Even if they all have dabbled in it, they are not deep. Accounting is more specialized in finance, and whether you want to work in a company or enter an agency in the future, you can use the accounting profession as a foundation.

    Therefore, I think it is more reliable to focus on the accounting major as the basic project in the direction of interest, such as international trade or financial efforts.

    Which is better accounting and international business?

    It is true that it is relatively easy to get a job as an accountant. If you like foreign languages and plan to go abroad, you can apply for international business, which is relatively easy. Of course, either way, you can choose to minor in another major.

    It's better to see which one is easier to get employed. Accounting is better, both domestic and foreign certified public accountants are more popular. Moreover, the demand is relatively high, and it is easier to find a job.

    International business is too general, the domestic unemployment rate ranks quite high, and it is not very good abroad, if you really do business, IELTS is very demanding for employment. Accounting is much more difficult to learn than international business, and it is not as easy to apply as international business.

  4. Anonymous users2024-02-03

    1.Compulsory professional foundations: Principles of Accounting, Management, Economic Law, Microeconomics.

    Principles of Macroeconomics and Economic Statistics.

    2.Major basic electives: Corporate Law, Management Information Systems, Technical Economics, International **, Operations Research.

    Organizational Behavior.

    3.Major: Finance.

    Financial Accounting, Econometrics, Financial Management, Investment, Management Accounting, Financial Reporting, Advanced Financial Management.

    4.Electives: Cost Accounting, Auditing, Accounting for Tax Reform, Advanced Financial Management, Accounting Information System, Money and Banking, Intermediate Microeconomics, International Finance, etc.

    Major in Accounting.

    It is a basic theoretical application discipline based on accounting, auditing and financial management, based on the basic theories and knowledge of economics and management, mainly learning the basic theories and basic skills of financial accounting, professional knowledge of capital operation, asset restructuring, mergers and acquisitions and international accounting practices.

  5. Anonymous users2024-02-02

    Core Curriculum. Accounting Basics, Corporate Financial Accounting, Cost Calculation and Analysis, Corporate Financial Management, Tax Calculation and Declaration, Accounting Informatization, Cashier Business Operation, Accounting Comprehensive Training, etc.

    Practical training. In the school, we will carry out practical training on basic accounting skills, accounting methods, enterprise economic and business accounting, cost accounting, tax calculation and declaration, financial management, accounting information software application, audit town register business handling, enterprise creation, royal fiber macro accounting comprehensive, ERP sand vertical knowledge plate simulation drills, etc.

  6. Anonymous users2024-02-01

    Set up books: Fixed Assets, Low-Value Consumables, Inventory Goods, Cash, Bank, Accounts Receivable, Other Receivables, Other Receivables, Other Payables, General Ledger, Administrative Expenses, Finance Expenses, Selling Expenses, Taxes Payable, Other Payables, and so on.

    There are also subjects such as: business costs, current year profits, profit distribution, accumulated depreciation, and generally these are the same.

    You can use the financial statements as a reference to set up accounts and account books according to the business characteristics of your organization.

    Finally, let's pay attention to the fact that there is a situation where the units are sold without invoicing. Pay attention to the handling of these situations, and don't end up making the accounts inconsistent, then the wide oak stupid will be troublesome. When checking out the bill every month, the final sales cost and sales revenue should be ensured to be done correctly, and it is very troublesome to change several vouchers if they are wrong.

  7. Anonymous users2024-01-31

    Accounting courses include: Business Administration, Economics, and Law

    The main courses are: Management, Microeconomics, Macroeconomics, Management Information Systems, Statistics, Accounting

    Financial Management, Marketing, Economic Law, Financial Accounting, Cost Accounting, Management Accounting, Auditing.

    The accounting major mainly learns the basic theories and basic knowledge of accounting, auditing and business administration, is familiar with the country's financial policies and economic regulations, and systematically masters the basic theories of accounting

    Basic skills and modern financial management methods, basic training in accounting methods and skills, with a high level of foreign language

    Adapt to the mathematical knowledge and computer application ability of modern management, and have the basic ability to analyze and solve accounting problems.

    Summary of the knowledge points in the chapters of the primary accounting title exam, I wish you easy to obtain evidence.

    Mobile question bank.

    PC Question Bank.

  8. Anonymous users2024-01-30

    Job Content and Responsibilities of Business Accountant:

    1. Responsible for the preparation of the company's accounting vouchers, auditing, binding and keeping all kinds of accounting vouchers, registering and keeping all kinds of account books.

    2. Prepare accounting statements (balance sheet, profit and loss statement, etc.) on a monthly basis, analyze and summarize, and report to the company's leaders for filing and decision-making.

    3. Prepare the budget of funds, supply and marketing costs, management expenses, control the cost budget, formulate and analyze the purchase and sales budget, and deal with other matters related to the budget.

    4. Establish an internal accounting system, assist the company's leaders in formulating internal accounting methods and standards, record internal accounting data, analyze internal accounting results, and deal with other matters related to internal accounting.

    5. Responsible for supervising the company's financial operation, timely checking cash, receivable (payment) vouchers, and receivable (payment) bills with the cashier, so that the number of accounts and bills is clear.

    6. Deal with other matters assigned by the company's leaders in a timely manner.

  9. Anonymous users2024-01-29

    Hello, dear, for you to find out: business accounting is usually classified as accounting or financial management majors, and the specific attribution may be slightly different due to the education system of different countries or regions. Accounting is a discipline that studies accounting information systems, accounting regulations and accounting standards, mainly including financial accounting, cost accounting, management accounting and other branches. The financial management discipline Zhao Fuchang mainly studies corporate financial strategy, decision-making and capital management, mainly including corporate financial management, investment management, gold family financial management and other majors.

    Business accounting is an intersection of the two disciplines, emphasizing the application of accounting knowledge and skills in the business field.

  10. Anonymous users2024-01-28

    The main differences between industrial accounting and business accounting are as follows.

    1. The set of ledger accounts is different.

    In order to calculate the production cost of products, industrial accounting must set up accounts such as "production cost", "manufacturing expense", and "auxiliary production cost"; Business accounting, on the other hand, does not have a production link and does not need to set up these accounts.

    Second, the difference in inventory accounting methods.

    The cost accounting methods of industrial accounting products include variety method, batch method, step-by-step method, etc.; In terms of cost carry-over methods, the distribution methods between products and finished products in industrial accounting include the non-calculation in the product cost method, the fixed calculation in the product cost method, the approximate output method, etc., and the cost accounting methods of inventory commodities mainly include the planned cost method and the actual cost method. The cost accounting methods of commercial accounting inventory commodities include the selling price amount accounting method, the actual cost method, etc.

    Third, the way of capital movement (circulation) is different.

    The capital circulation of industrial enterprises: monetary capital - material capital - production capital - finished product capital - monetary capital (value-added currency);

    The capital circulation of commercial enterprises: monetary funds - reserve funds - monetary funds (increased currency).

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