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What is accounting? Accounting is the system of recording, summarizing, verifying and reporting financial transactions as well as results.
There are three major fields in accounting. First off, is auditing in which you examine and review an organization, individual accounts or financial situations. Secondly, accounting information system is another major field, which consists of a computer-based method for recording accounting information as well as managing it. Last but not least financial accounting is when you plane long term financial projection and the condition of a stakeholders.
This report will demonstrate auditing, which is part of the public accounting field. This is what interests me in this field and I look forward in pursuing it as a career.
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