Accountaning is the process of communicating financial information about a business entity to relevant users or entities such as potential shareholders, creditors (including banks or vendors), financial analysts, economists, and government agencies. Accounting can be divided into two major fields: management accounting and financial accounting. Management accounting concentrates on reporting to people inside the business entity and provides information to employees, managers, owner-managers and auditors. The main goal is to provide the management with a basis for making major decisions related to management and operations.
One of the vital skills of an accountant is to select relevant information for the audience and communicate financial statements clearly. A career in accounting requires an aptitude for mathematics and the ability to analyse, compare and interpret facts and figures quickly.
A Diploma in accounting equips students with skills like: numerical and logical thinking, attention to details and analytical thinking required for manipulating and organising a significant amount of financial data.
Accounting graduates choose from career options such as: accountant, payroll clerk, economist, tax adviser, management consultant, retail banker, auditor, treasury analyst, cost estimator, anti-money laundering specialist, chief financial officer.