If you’re considering a career in accounting, you might be wondering what you’ll need to know. Here are three areas of knowledge that are essential for any accounting role.
1. Basic concepts
Before you get into the nitty gritty of professional accounting, there are some basic concepts you’ll need to understand.
One of these is matching, which requires companies to report expenses in the period in which they are incurred, not the period in which payment is made. This allows expenses...