Year: 2017 | Month: May | Volume: 4 | Issue: 5 | Pages: 31-33
A Review Paper of Survey on Recent Trend of Accounting and Accounting Professional
Dr G.M. Purani
Associate Professor, Arts and Commerce College, Piparia, Vadodara, Gujarat.
Accountancy and accounting professional plays a vital role in modern business. It is very essential to maintain books of account for each and every business to know its profitability and its efficiency for survival of business in modern market. Accounting control is most important aspect of organization, that’s why role of accounting professional becomes broader now a day. This review portrays the present trends of accounting in modern business and facing problem by accounting professional. For this reason this review focusing on survey on maintenance of books of account is necessary for each and every individual who carry’s business. Due to internal and external factor accountancy needs to research upon various accounting standards. The growth factor is exponential whatever the economic situation, because books will help the client survive better. Competition of the organization in a current market also affects role of accounting professional. Role of accounting professionals not affecting only internal factor like business operation, budgetary control, fund management, cash management, cost management it also affecting external factor like government policies, risk in achievement of sales target amongst similar organization, compliance of records with tax authority, nature of market and economical condition of a particular area etc.
Key words: Accounting, Accounting professional, Accountant, Chartered Accountant (CA).[PDF Full Text]