Facts of accounting of different countries

Facts means numerical and some real data relating to any area . But when we talk on accounting facts of different countries then we are discussing following

• Accounting need for business in different countries
• Accounting jobs related facts
• Different techniques related facts for simplification of accounting problems .In different countries accounting is used in different way but the basic method of system is double entry system . This system is so advance for recording the transaction .
• New accountants with a bachelor's accounting degree snagged all-time high starting salaries in 2005, pulling down an average of $44,564, according to the National Association of Colleges and Employers. Why? Corporate accounting scandals have led to changes in accounting law, fueling an even greater need for this already in-demand profession. The changing landscape of accounting reveals other trends.

• CNN reported that top accounting firm Ernst & Young sought to hire 4,500 accounting graduates in 2005, up 30 percent from the previous year. Other powerhouse firms continue to compete for graduates with bachelor's degrees in accounting. Because accountants are fielding multiple offers, accounting firms now offer hiring bonuses to supplement the career-high starting salaries, and benefit packages further sweeten the pot.

• While the accounting profession is still basically divided into public accounting and auditing, cost or management accounting (keeping corporate financial records), internal auditing (checking for waste or fraud), and government accounting, some new accounting specializations have terrific career potential for CPAs. With some background in business administration, or better yet, a business degree, a CPA can work in assurance services, providing quality control and risk assessment to corporations. Post Enron, forensic accounting and fraud detection are in demand as never before. Environmental accounting has seen a boom, too, since corporation and utilities seek accounting professionals to do environmental compliance audits