An Introduction To Accountancy

Abstract

The advancements in the economic and regulatory
landscape besides evolution of world as a global
hub have given rise to multifarious transactions.
The complexity of these transactions has
unearthed glitches relating to subjectivity and
inconsistency in the application of traditional
accounting techniques. The ensuing loopholes are
exploited by connoisseurs leading to manipulation
and accounting scandals, thus, necessitating the
enhancement of competencies of business
professionals to safeguard their maneuvers.
Extensive knowledge of global developments,
internationally recognized business practices and
accounting standards is the need of the hour to
satiate the demand of the ever-changing
marketplace.