Sunday, November 28, 2010

I require blank copies of profit and loss accounting sheets?

I require blank copies of profit and loss accounting sheets?

Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.5starspreadsheets.com/?gclid=CIil3NnJ0IcCFQI1UAodqSF4IA
Answer 2 :
I have never seen blank copies of a P & L. Everyone's accounts are different. You can make one in Excel.
Answer 3 :
sage has them built in - try it
Answer 4 :
Just make your columns up, and that will do ya.
Answer 5 :
It is so easy to do a template on Excel, i had to replace my motherboard recently so i've lost all my accounting templates, sorry!!
Answer 6 :
What sort of industry are you in? I am in Legal Accounts and my P&L is ridiculously complicated!
Answer 7 :
can't help u there

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Sunday, November 14, 2010

What's exactly Liabilities in Financial Accounting?

What's exactly Liabilities in Financial Accounting?

Economics - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Liabilities are basically like debts that the business owes to another person or business. For example a loan the business has to pay back to the bank is a liability.
Answer 2 :
Debts
Answer 3 :
It's debts of the business- anything that you are liabable to pay E.g Loans Items on Hire Purchase Business vechicle on finance goods obtained on credit When I was studying accounting i always found this useful DEAD CLIC Debit Expenses Assets Drawings Credit Liability Income Capital
Answer 4 :
Liabilities in a lay man's language refer to the money which they are liable to pay to the owners of that money.
Answer 5 :
Liabilities=assists-owners equity

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Sunday, November 7, 2010

Accounting and finance careers?

Accounting and finance careers?
Hi, I'm currently in my final year of BSc Business Management degree and have not really thought of what career to go into yet (I know, it's bad!), and I'm thinking of going into accountancy or finance jobs. Although I haven't got any specific accountancy qualifications, I wouldn't mind getting a job and studying for professional qualifications at the same time, particularly in an organisation that encourages and trains you. Can you recommend any jobs for me, or particular job posts and what organisations I could possibly apply to? Thanks for your help!
Higher Education (University +) - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Assuming you are in the UK try CIMA: http://www.cimaglobal.com/cps/rde/xchg/SID-0AAAC544-53912702/live/root.xsl/aboutus.htm More business orientated than ACA and more highly regarded than ACCA. Re comment below. You sb aware that if you start your career in the public sector then you will tend to be typecast and find it more difficult to switch to the private sector in future. There is a high demand for accountants in the private sector so look at the big jobs websites like Gaapweb or Accountancy Age. Most employers will pay for exam fees and course fees but you tend not to get time off work for study leave. soni is reffering to US where the system is different. In the UK if you have a BSc in a business related subject then adding professional qualification like CIMA will put you in the best position in the jobs market. It also has the advantage that can start working, earning and building up your experience immediatly.
Answer 2 :
Try getting into a government finance department, they'll help you on the job training and you can get CIMA (best for management accountants)
Answer 3 :
Apply directly to accountancy offices - training is generally organised by them for you and run by a professional body. I studied for my ACCA while working as an accountant. You don't need specific accountancy qualifications for this, your degree will be perfect. Try also contacting the ICAEW (via their website), they will be able to give you a list of suitable accountants to apply to.
Answer 4 :
Hi, I will suggest u to do M.B.A.(finance), it will definitely help u ,because u r already pursuing ur bachlor degree, so I will not suggest u, to go for B.SC.(Accounting & Finance).better u earn master degree,then apply for some banking exams, or share trading exams, Mutual funds exams.....etc. U will be definitely build ur career in A/C & finance field. wish u best of luck.
Answer 5 :
I'm currently an accountant for American Greetings, I love my job. It all depends on where you live in order for me to suggest any organizations. Try logging onto www.eschoolsource.com , this site is for students to get help with their homework, and also for networking. You can search thru profiles by Employer or Major and try to come accross people who could help you. Good Luck

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Monday, November 1, 2010

My A- level Accounting teacher told us that many accounting?

My A- level Accounting teacher told us that many accounting?
firms prefer to employ people who do NOT have a degree in Accounting but in something completely different eg. Economics... Chemistry...... Is this true? If so, why?
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
What country are you in? I would think a good accounting firm would want a variety of backgrounds...not just a numbers focus. The US has to deal with a structure problem in that many firms had to have CPAs as owners and that meant an automatic glass ceiling for the non-accountants. When I left the field, "principals" were a new designation to indicate they were the equals to the "partners." PS, I remember audit stories (inside and outside of the firm) that gleefully showed the click moment when thinking outside the box. Eg, guy was auditing a massage firm. Firm claimed all records were destroyed in a fire and was low balling what they remembered as revenue. Auditor reflected on *how* a massage firm worked and realized that the towels going to the laundry was a given. He found the laundry bills, figured out how to convert pounds of laundry to number of towels, 2-3 towels per customer, how many customers, how much revenue, etc. Apparently his numbers were fairly close because the firm caved.
Answer 2 :
Most want a degree in Accounting preferably with a CPA. My degree is in Philosophy and I believe that has helped me in the workplace especially in dealing with costs. But it has made it more difficult to get a job especially as I got higher level positions. A lot of companies are advised by CPA firms and they want to increase the markets and prove that the degree and the CPA is the best value.
Answer 3 :
Many companies simply ask that applicants are educated to degree level - it doesn't always have to be a related subject. Having a degree proves that you are bright and have the ability and aptitude to learn and study.

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