Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Application of accounting concepts

trisha (no) (185 Points)

09 July 2014

Is there real application of accounting concepts in chartered accountant's practice? I am appearing for ipcc so want to know.

Reply
Follow
Share

2 Replies

CA Raj Doshi (Practising CA) (8924 Points)
Replied 09 July 2014

There is an indirect application of the accounting concepts in real life. Logically , they are applied even if you don't know the name of the concept. E.g matching cost concept.- You account all expenses incurred to earn the revenue. Here you have applied the concept , but you don't recognise it in real life. However , this extraorinary theory will really take you a long way in the profession. All the best.

Upgrade to CAclubindia Pro. Subscribe Now!

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 09 July 2014

yes there is vast application of accounting concepts. you just need to be in the right place to have the opportunity to apply such concepts.

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

Certification Course on GST Invoice Management System (IMS)

CA Pratibha Goyal

Enroll Now

28 November 2024
Certificate course on Income Taxation of Indians in the US

Saniya Mushrif

Enroll Now

30 November 2024
Basics of UAE Corporate Tax and VAT(With Recording)

CA Mohd Asim

Enroll Now

07 December 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings