Finance and business accounting course in Rawalpindi Pakistan

Accounting is the process by which financial information about a business, organization or individual is recorded, classified, summarized, interpreted and communicated. Drawing from fields such as information technology, law, statistics, business and economics, accounting is a multidisciplinary subject that focuses on an organization or individual’s economic activities.Accounting students will gain advanced theoretical and practical knowledge of accounting and finance; master computational and calculation skills and techniques used in professional accounting practice; learn how to use specialized accounting software (such as CIMA Sage, which may allow you to gain an official CIMA Sage user’s certificate); and gain a broad understanding of the accounting, finance and commercial sectors, often within an international context.Financial Accounting refers to information describing the financial resources, obligations, and activities of an economic entity. The term financial position is used to describe an entity’s financial resources and obligations at one point in time, and the term results of operations is used to describe its financial activities during the year.Financial Accounting information is designed primarily to assist investors and creditors in deciding where to place their scarce investment resources. Such decisions are important to society, as they determine which industries and companies and even countries will receive the financial resources necessary for growth, and which will not. Many other decision makers also make use of financial accounting information. A company’s manager and employees constantly need such information in order to run and control business operations.All types of organizations and also individuals develop and use financial accounting information in conducting their daily activities. But the concepts of financial accounting are most highly developed and clearly defined in the business world. Therefore, this course focuses upon financial accounting information relating to profit-oriented business organizations.This graduate course introduces the basic concepts and principles of accounting for preparing the financial statements such as income statement (financial performance) and balance sheet (financial position). The course focuses on detailed understanding of accounting information system, accounting concepts, accounting principles, accounting cycle, recording of transactions, and financial statement concepts.