December 29, 2006, Newsletter Issue #8: Accounting Field Defined

Tip of the Week

The accounting field is described as recording, maintaining, and summarizing company transactions. Information is put into report form known as financial statements. The accounting field can found in private enterprise and in government entities. When found in government entities, it is known as governmental accounting. When found in privately-owned entities, it is known as either financial accounting, cost accounting, or tax accounting. All accounting in private industry follow guidelines in compliance with GAAP-Generally Accepted Accounting Principles.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Accounting Jobs Tip Site? Request a Tip Now!

Guru Spotlight
Barbara Gibson