Question

What are some accounting-related professions? Why are these positions typically described as being engaged in service activities?

Answer 1

Answer)

Some of the accounting related professions are:

1)Accountant

2)Budget analyst

3)Credit Analysts

4)Tax accountant

5)Forensic Accounting

6)Auditors

7)Financial Examiners and many more.

These positions are typically described as being engaged in service activities because they doesn't take part in any kinds of operations of any organizations but they help in maintaining the data in which the Investors,Creditors,Employees,Society, government and other people are interested in.The accounting related professions doesn't produce any tangible assets but provide services like investigations where the performance is lacking behind, Analysis why it is happening,IIdentifying what makes it and advicing how to overcome it.

The numbers are what the people who may be External or Internal to the organisation are interested at and the accounting professional like accountants prepare it, Tax accountant and budget analysts advice how to keep them in control ,auditors and other related professionals serve by expressing the opinion on such matters whether they provide true and fair view or not.

Hence,the accounting related professions are described as being engaged in service activities.