THE PROFESSION OF ACCOUNTING

Accountency can very well be viewed as a profession with stature comparable to that of law or medicine or engineering. The rapadi development of accounting theory and techniques especially after the late thirties of 2th centuary has been accompained by an expansion of the career opportunities in accounitng and an increasing number of professionally trained accountants. Among the factors contributing to this growth has been the increase in number, size and complexly of business enterprises. The impositions of new and clearingly complex and taxes and other governmental restriction on business operations. Coming of the nature of accouting function, it is not doubt a service function. The chief accounting department holds a staff position which a quite in contra distinction to the roles played by productions or marketing executives who told line authority. The role of the accountant is advicory in character. Although accounting is a staff function performed by professionals with in an organizations.

The ultimately responsibility for the generation of accouting information, whether financial or managerial, rests wuith management. That is why one of the top officers of many business is the financial controllers. The controlles is the person responsible for satisfying either managers demand for management accounting information and for complying with the regulatory demands of financial reporting. With these ends in view, the controller employees accounting professionals employed in a particular business firm are said to be engaged in private accounting. Besides these, there are also accountants who render accounting service on a fee basis through staff accountants employed by them. Theses accountants are said to be enaged in public accounting.