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What is Accounting?
Accounting is the area that studies the assets of entities, records financial movements, analyzes its impact on management and ensures compliance with tax obligations. The assets are understood as everything that a company has (goods and rights) as well as everything that it owes (liabilities).
The main accounting statements are the Cash Flow, the Balance Sheet and the annual income statement. These documents serve the internal management and are sent to the IRS as proof of their movements.
What is Accounting used for?
Accounting serves for companies to fulfill their legal obligations, generate statements and maintain control over their assets.
This is important not only for the management and finances of a business, but also in situations of request for financing, attracting investors or legal proceedings. In these cases, the company needs to prove the movements and origins of its assets.
How long does it take to learn Accounting?
Accounting is a degree course (Accounting Sciences), usually with 4 years of duration, which is necessary to exercise the profession of Accountant, as well as the registration in the professional organization.
The professional can also be a Technician in Accounting (previously called Accountant), if he does a technical course in accounting, with an average duration of 2 years. In this case, he has some restrictions in relation to the Accountant.
But, if you just want to learn the fundamentals of Accounting to better understand the area, you can find several online courses of short duration (from 1h of class), which explain the main concepts and accounting routines.
Where should I start to learn Accounting?
To start learning Accounting, you can look for short online courses to see if you like the area. These courses explain basic accounting, the main financial statements and accounting obligations of companies.
But if you want to pursue a career in Accounting, you need to take a technical course, to be an Accounting Technician, or a higher level course, to be an Accountant.