>> January 2, 2009
Professional accountants are the back –bone of accounting and auditing. They can change accounting concepts and add new concepts of accounting. Accounting is a concept of proper maintenance of accounts. Accounting means system of recording transactions in any organization. Accounting has three parts. They are worked jointly with each and other. These parts are financial, cost and management accounting. Other officers cannot make accounts because they have not any education of accounting or auditing. Professional accountants can easily develop accounting field. India is fast growing in the field of accounting and auditing. Senior and experienced accountants said," Professional accountants are like scientist for discovering new inventions in the field of accounting and auditing.” They can solve every accounting problem of business and any other profession. Our senior and experienced accountant Scholars established general accepted accounting principals by hard work and continuously research in the field of accounting. So young accountants should rise, awake and never lazy for their accounting profession. Their target is of becoming accounting troubleshooter for business.Every year, millions of students join in accountants jobs. All the accounting and auditing are done by our young accountants. Today, India is suffering with several problems like ignorance of accounting education, fraud and cheating in accounting, laziness in govt. accounting and highly manual works in accounting.
. If every rational, experienced and professional accountant will co-operate with young accountants then it is the possibility of the development of accounting field of India.
Today, Indian – young accountants have mislead with ignorance of proper system of computer accounting or e- accounting. They are forgetting the basic accounting rules and ethics after flowing into the machine work. Our accounting standards and principles are our diamond – property.
Auditing draws a line of lakshman –rakha in which accountants understand their responsibility .so Indian – Accountant should respect GAAP for the progress of accounting. The words development, progress and unity lay vary much importance. We listen the news of accounting scams each day.
Accounting Education is the most important factor of any developed economy. So professional accountants should contribute development of accounting.
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