Review on Foreign Literature

Jun 22nd, 2015
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Employability is about having the capability to gain initial employment, maintain employment and obtain new employment if required. For the individual, employability depends upon: 1. Assets in terms of knowledge, skills and attitudes, 2. The way these assets are used and deployed, 3. Presentation of assets to potential employers,

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Chapter 2REVIEW AND RELATED LITERATUREAccounting is the systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at larger companies. The reports generated by various streams of accounting, such as cost accounting and management accounting, are invaluable in helping management make informed decisions.Accountancy is a career which offers a graduate environment, variety, people contact, a professional qualification, high salaries and opportunities to work internationally. Many accountants use their qualification to move into general management or to set up their own business. Accountants work in all areas of business, plus the public and voluntary sector. Work in private practice is centered on audit: visiting clients as part of an audit team and reviewing their business operations and financial records to establish the validity of the company's accounts. Auditing gives you a chance to visit 10 or 20 companies a year,

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