Question

Give a little information on how you plan to use accounting in your future career or how you use it currently. For example, if you plan to own your own business, will you hire an accountant? Do it yourself? Outsource when needed? Another - do you plan on majoring in accounting? Please respond in 200 words.

Answer 1

Answer to the question will depend on the level of business and knowledge of the person in the field of accounting. As I am a qualified proffessional and if I start with a small business where accounting work is not much the I will do my accounting myself only, but for example if I dont have requsite knowledge of accounting then I will outsource as it will be cost effective for me instead of hiring an accountant. As a recomadation, it is advisable to gain some knowledge of accounting as it helps in accertaining the performance of the business. And if my business is of large scale and even I have the knowldge of accounting I will hire one or more accountants as per requirement for my business to timely complete the task.