REVIEW OF RELATED LITERTURE

According to Steven Bragg an author from Accounting Tools, accountancy is all about working on business transactions for a business that includes recording, classifying and reporting. While accountancy is about working on business transactions, according to an organizational website called Accounting Degree, accounting is an organized and detailed recording of the transactions that includes analyzing and reporting.

HISTORY

Accountant was recognized as a profession in the year 1923, and from 43 registered accountants, the population has grown up to 185,000 by January of 2018. Many of the professionals have worked not only in the Accounting field but also in other areas. As the number of CPAs continuously increases, it is the first among the Philippine professions to be included under the World Trade Organization’s (WTO) policy of liberalization of services. 

WHAT ACCOUNTANTS DO

According to a website named ALL Business Schools, one of the main task of an Accountant is to look through a business' financial records. To ensure that every transaction is accurate and look on the overview to help the business run orderly, can also be applicable to a certain persons to help them improve their finances.
 

On the job, accountants:

• Examine statements to ensure accuracy

• Ensure that statements and records comply with laws
  and regulations

• Compute taxes owed, prepare tax returns, ensure
  prompt payment

• Inspect account books and accounting systems to
  keep up to date

• Organize and maintain financial records

• Improve businesses efficiency where money
  is concerned

• Make best-practices recommendations to management

• Suggest ways to reduce costs, enhance revenues and improve profits

• Provide auditing services for businesses and individuals

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