Question

Degreed accountants have the opportunity to obtain certifications in the accounting career field that they choose. Research and describe the types and requirements of certifications that are available. How do XBRL, blockchain, and internet privacy/security influence these professions?

Answer 1

post to the completion of a degree, the aspirant can choose one of the following Cerification courses as their Career Choice:

1. Chartered Accountancy

Chartered Accountancy is in genearal nation wide recognized Certification as Accounting Professional.

It is a well respected job in the society & also well paid.

In General based upon the roles & Responsibilities posed by particular nation, the functions/ roles of a chartered Accountant will be as follows:

a. Book Keeping

b. Auditing the Accounts of a Company

c. Looking after the compliance of an entity with various laws applicable

d. Helping the entities in computations of their Income Tax and Indirect taxes & Payment of the same.

e. Representing the Entity before various authorities, appointed under various laws.

f. Other related services.

The basic eligibility to register for Chartered Accountancy is to complete the Degree with a prescribed minimum percentage of Marks.

In further, there are other similar nation wide recognized Certification Courses Like

a. Company Secretary - where the main role will looking after the compliances under various laws

b. Cost Accountancy - Where thee main role will computation and controlling the costs of production/ running the entity

The basic eligibility to register for Chartered Accountancy is to complete the Degree with a prescribed minimum percentage of Marks.

In Further, an aspirant can also register for the other countries recognized Accounting Certifications like "ACCA", Difloma in IFRS etc.,

( The content provided above is only brief. Please browse for detailed explantions about courses available and Eligibility Criteria)

XBRL, blockchain, and internet privacy/security influence over these professions:

XBRL:

It is a Utility/ Software which would be used by an accountant to submit the entity's Financial Statements and other required Information to the Public Authority for the purpose of complying with applicable laws & Statues. It is helping the Accountants to get their job done so easily through online.

Blockchain

It is a Technology, which can store the data related a transaction for a longer period of time and the Accounting of such transaction be done easily based upon the data available in Block Chain Technology.

Internet Privacy Security:

It is a Internet protocol used to safeguard an Entity's financial Information from external Attacks and maintain the integrity of Entity's Data.