posted by Sherill on Sep 24
www.bloomberg.com
Accounting is a systematic system that measures, process, and communicate financial information. As an accountant, you have to answer four simple questions such as:
1. What is measured?
2. When should you do the measurement?
3. How much money should be placed on the thing being measured?
4. How should the measurement be classified?
These four questions deal with the basic rules of accounting, and those accountants in different fields face these questions everyday. Accounting basic rules are also subject to regular changes, that’s why it is a good idea to be up to date with the latest accounting trends.