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Literature Review - Forms of Business - Essay Example
Finance & Accounting
Pages 7 (1757 words)
Literature Review Forms of Business Name of of University Literature Review: Forms of Business Accounting and its Relationship to Business Accounting is the study of numbers and financial matters that have to do with business. Accounting deals with the financial information flow and how it moves in and out of a business (Peavler, 2013)…
Because of this, an accountant must understand the different forms of business so they are able to provide the best information for the particular business. There are many different types of business structures. These include sole proprietorships, partnerships, and limited liability companies. In order for an accountant to do well with business, he or she needs to understand how each of these business structures work. Relationship of the Topic to Future Career Goals I have chosen this topic because accountants are needed all over the world. Many organizations provide many services for profit. Of course, accountants are also needed in the non-profit sector so the prospects for careers are endless. Many companies have gone bankrupt because they did not do well with their money. For example, companies like Enron, Qwest, and others had problems because they did not handle their financial affairs well. Because of this, an accountant can specialize in many different areas. An individual could decide to become a financial accountant, a managerial accountant or a cost accountant (Peavler, 2013). The field of accounting seems very open and it seems more dependent on an individual’s decision as to which aspect of the field they choose as a career. ...
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