There also are programs that teach basic accounting principles designed for the nonaccountant working in a financial setting and foreign language aids for those who do business overseas.

These two institutes are the leaders in the training of accountants and support staff, and credit must be given to the education ministry for reaching this agreement.

Financial accounting is the process of recording, summarizing, and reporting the myriad of a company’s transactions to provide an accurate picture of its financial position.

There has been much debate on whether principles-based accounting is more efficient than the popular rules-based accounting.

Principles-Based versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions ...

These two institutes are the leaders in the training of accountants and support staff, and credit must be given to the education ministry for reaching this agreement.