Think of a course you completed in which you received a high or fairly high final...

Think of a course you completed in which you received a high or fairly high final grade. Reflect on (without consulting any sources) the answers to the following questions: What is the main goal of studying this subject? What are people in this field trying to accomplish? What kinds of questions do they ask and problems do they solve? What sorts of information or data do they gather? What is the most basic idea, concept, or theory in this field? How did studying this field change your view of the world?

Expert Solution

I have undergone the Accountancy course, in which I have performed well and scored high grades. During the course, we have collected following information about the course and its related things:

Main Goals: The main goals of the course are: having accounts of the revenues and expenditures, calculating the profit or loss during the accounting period, filling various returns and depositing the taxes on time, framing the statements for the informations to the outsiders and stakeholders, having the balance information and control over the cash, and others.

Course accomplishments: The person who undertake the course of Accountancy, accomplish the cash control and proper accounts maintenance, evaluating and appraising the projects, preparing the final accounts and information for the statutory deposition and providing the things to the stakeholders and outside prospective investors.

Questions and Answers on Course: The course provides the answers to the questions like:

a) Is the project is apt and profitable to be undertaken?

b) How profitable the business of the company is?

c) Whether it is economical to carry on the business?

d) Is the cash is being properly used and applied, so that maximum profits is being extracted.

ETC.

Related Data : The data to be collected and processed under the course are : Transactions and events taken place during the Accounting period, terms and conditions of the projects to be undertaken, rate of taxes and penalties which covers the company and industry, financing terms, products performance in the market, various ratios which the industry addresses.

Idea and concept behind the course : The idea behind the course is that proper control and records are being maintained for the events taking place in the company. Complete and precise information is provided to the outsiders.

Studying the Course : The study of the course is helpful in having profitable transactions in the business field and reducing the penalties and uncontrolled events in the business arena. Proper analysis of the results achieved, so that better performance is there in coming tomorrow.

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ekkarill92 answered 1 year ago

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