Accounting Education

Prof. Vinod Kumar

  1. Accounting education is an essential part of our education because without such education , we can not calculate our income , our saving and our financial strength . In general , every person of this world need accounting education for maintaining their personal record . This is also called personal book keeping . But when we study the theoretical concept of accounting education , we find different definitions and rules and regulation for proper accounting .
    Now let us start What is Accounting Education ?Accounting Education is combination of two words .Accounting education = Accounting + Education

    Accounting

    Accounting is not counting but it is science which is helpful for hunting for the results of business. Accounting is recording , analysis and finalisation of large scale business transactions. Accounting introduces all tools and techniques to solve many or almost every problem of businessmen, factories, Corporations and firms relating to maintaining accounts and different financial reports.

    Education

    Education is way to get knowledge with scientific method .According to Swami Vivekananda the great philosopher said that it makes us self-confident .It is just use of person’s internal powers . After getting education, person gets moral and professional qualities. After getting education any body can do any professional work. All other persons respect because he is well educated.

    Accounting Education

    Mixer of both words makes accounting education. Accounting education may be defined as that part of education which provide us the knowledge about accounting terms , journal , ledger , final accounts , analysis and interpretation the result of business . Moreover , this education provide all knowledge of cost calculation and control and it gives different tools for analysis the financial statement . It is very helpful for making business planning . In single line , I say , Accounting is brain of Business , with it business becomes mad and there is no chance to develop it . If you are perfect in this field of education you can easily maintain not only your head office accounts but all the accounts of your all branches. You can maintain the accounts not only your business but you will understand every business like agricultural, industrial and any other service sectoral accounts .Here I want to explain service sector, service sector is a sector where services are being provided by service providers. So professional accountant can easily understand the terms subscription, fees, donation, fund, provident fund, allowance, and gratuity.

    Objective of Accounting Education

    Almighty has sent us on the earth. What is the objective of sending us on earth? If you do not know then you can not say that there is no any objective of sending us on the earth .Because your thinking of your brain is very limited but God is supreme power who knows the aim of your sending on earth. He wants that you will do any work and make whole world beautiful and wonderful. Like this there are so many objectives of accounting education.

  2. Accounting education helps you proper utilization of your money and capital.
  3. It will tell you that you are getting high rate of investment or not.
  4. What is your earning per share .
  5. It will help you to making planning, policies. Proper accounting education if you will get from our accounting expert , you will become not only accounts manager but also professional Scholar in the field of accounting education. Because today, different concepts, principals of different area are changing. In this changing environment, accountant will have to adjust.
  6. If you will not get these new and technical knowledge in the field of accounting, then you will fail in the field of accounting .These days duty of accountant is not limited up to voucher entries in computer. But they have to decide proper utilization of the capital and saving non useful expenditures.

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