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MBA accounting is a degree program with special emphasis on accounting. Business and accounting are interdependent, for effective business administration one needs to have knowledge about this as well. Therefore, for anyone who wants to excel in the business world, MBA accounting is an ideal combination for him. It is a qualification, which enables you to have skills that can boost up your career instantly.

To undertrack the program you should have a bachelor's degree in hand. BBA degree is an added advantage. During the course of study you will be given enough training and knowledge about following:

• Analysis of Accounting Data
• Application of the Analyzed Data
• Information Systems Involved in Accounting
• Tax Calculations and Analysis
• Auditing of Accounts
• Taxation Concepts

Besides above mentioned fields there are many personality enhancing subjects like communication skills and introduction to information technology are also made part of the program. All these things have been planned and included in the course of study with a view to provide you valuable benefits in the field.

There are various programs of this subject being offered by different institutions. You will find slight variation in the subjects being taught at each institution, therefore while selecting a particular program you must carry out thorough analysis of the course outline and choose the one which best suits your abilities and requirement.
Keeping in view today's trends and requirements, institutions are offering both full time and part time programs. Still if your job does not allow you to attend classes, you can opt for a distant learning or online program to complete your masters degree.

In all, it is a perfect combination of those subjects which can prepare you for long and shining career. A master's degree polishes your skills and you have better chances of promotion. …

There was a time when being self-employed mean that you would have a very hard time ever getting any credit from a bank. This was pretty much accepted as one of the downsides to self-employment that would go hand in hand with all the benefits such as freedom to control your own working life and only answering to yourself.

It is however, still the case that for people who are new to self-employment and can not prove a steady income over at least a year or more, it can be very difficult to get loans. However, if you've been operating successfully for even just a year, you will start to find that banks are more than willing to consider your circumstances and give you a fair shot at proving your credit worthiness.

There is a strong view that being self-employed offers less security than being employed by a well respected and trusted large company. However, this perception is also changing. Gone are the days when people were employed by the same company for their own working life, where they would gradually work their way up the corporate ladder and retire to a secure pension.

Banks are increasingly aware that the employment landscape has changed dramatically in recent years and that self-employment, free lance work and other such 'alternative' working arrangements are becoming more and more attractive and necessary for a growing number of workers.

All this means that lenders are more willing than ever to consider self-employed workers for loans. The terms and rates for such loans are improving dramatically so that now, they are offered on essentially identical terms to those offered to traditionally employed workers. Therefore, if you are self-employed, you are now just as likely to be approved for a mortgage as anyone else. The same basis will be applied to determine the amount of the loan you are eligible for, sometimes earnings.

Also, as more and more people are beginning to see the advantages to setting up in business by themselves, banks are beginning to view this area of ​​the market as an important source of customers. Thus, competition is increasing. This can only be good news for those who are self-employed and are trying to get credit. As competition increases, the loans on offer and the terms and conditions that govern them, will get ever more attractive. Prices and interest rates will come down and getting a loan will be every bit as possible for the self-employed as it is for the traditionally owned. …

Advertising is not for every company. But some require it because their market is big and constantly changing and evolving. Consider this, up to 30 percent of the people in the US move each year. Or, you may be locked into a battle with a competitor. People do business with companies they know and trust. Advertising can help build awareness, so that ever consumers will trust your offer.

I firmly believe that advertising is an excellent tool for rapidly building awareness of a company, its products or services. I believe equally firmly that you build a brand through public relations, not advertising.

A brand is the sum of all interactions a customer has with an organization. Most of those interactions are with employees, or the product or service itself. If those interactions are positive, then customers, allies and the media will tell others. This is PR.

There are times when you need a rapid shot of marketing adrenaline that only paid media can provide.

So, if you find yourself in need of that boost, check out these nine reasons for advertising:

9. Boost employee morale

8. Create industry buzz

7. Create, build or maintain a positive image

6. Test new products and / or services

5. Retain existing customers

4. Reinforce personal sales calls, direct mail

3. Maintain consistent, controlled customer communications

2. Gain new customers, particularly hard-to-reach ones

1. Position or reposition your company, products or services. …

In the modem world no business can afford to remain secretive because various parties such as creditors, employees, taxation authorities, investors, public and government etc., are interested to know about the affairs of the business. Affairs of the business can be studied mainly by consulting final accounts and the balance sheet of the particular business. Final accounts and the balance sheet are end products of book-keeping. Because of the importance of these statements it became necessary for the accountants to develop some principles, concepts and conventions which may be regarded as fundamentals of accounting. Such fundamentals having wide acceptance give reliability and creditability to the financial statements prepared by the accountants. The need for ‘generally accepted accounting principles’ arises for two reasons: First, to be logical and consistent in recording the transactions and second, to conform to, the established practices and procedures.

There is no agreement among the accountants as regards the basic concepts of accounting. There is no uniformity in generally accepted accounting principles (GAPP). The terms-axioms, assumptions, conventions, concepts, generalizations, methods, rules, doctrines, techniques, postulates, standards and canons are used freely and inconsistently in the same sense.

Principles

“A general law or rule, adopted or professed as a guide to action, a settled ground or basis of conduct or practice.” This definition given by dictionaries comes nearest to describing what most accountants mean by the word ‘Principle’. Care should be taken to make it clear that as applied to accounting practice, the world principle, does not connote a rule for which there can be no deviation. An accounting principle is not a principle in the sense that it admits of no conflict with other principles.

Postulates

Mean to assume without proof, to take for granted or positive consent, a position assumed as self- evident. Postulates are assumptions but they are not arbitrary deliberate assumptions but generally recognized assumptions which reflect the judgment of ‘facts’ or trend or events, assumptions which have been borne out in past by facts supposed by legal institutions making them enforceable to some extent.

Doctrines

Mean principles of belief: what the scriptures teach on any subject. It refer to an established principle propagated by a teacher which is followed in strict faith. But in accounting practice, no such doctrine need be adhered to but the word denotes the general principles or policies to be followed.

Axiom

Denotes a statement of truth which cannot be questioned by anyone.

Standards

Refer to the basis expected in accounting practice, under different circumstances. In Indian context, the Institute of Chartered Accountants of India (ICAI) constituted an Accounting Standards Board on 21st April, 1977. The main function of ASB is to formulate accounting standards taking into consideration the applicable laws, customs, usages and business environment.

Accounting Assumptions

The International Accounting Standards Committee (lASC) as well as the Institute of Chartered Accountants of India (ICAI) treat (vide IAS-I & AS-I) the following as the fundamental accounting assumptions:

(1) Going concern

In the ordinary course, accounting assumes that the business will …