Accounting is the art of recording business transactions. The Modern business world has become highly competitive and technology oriented, this forces the accountant to change their role from mere recording information to provide information for effective decision-making. Management of business units has become highly complex needing varied types of information for better decisions,
To satisfy this
Accountants are very efficient in working in new growth areas such as
- Forensic Accounting (solving crimes)
- E-commerce (designing web based system)
- Financial planning
- Environmental Accounting etc.