- Today’s educated youngster groups, especially the graduates are striving to
apply the theoretical knowledge that they acquired into the practical domain.
After all, they find it fascinating, but challenging. However, the better the
training, the better will be his/ her productivity level. The trainers are
expected to guide the trainees and show the applicability of different
statements such as the cash flow, the balance sheet and the profit / loss
- The business units always prefer to have experienced accountant for their
entity. Even if the entity assures good training facility (whether on the job or
off the job), the management needs higher profit, higher performance and
turnover for their business to scale up the reputation, at the end of the day.
Thus the management expects the beginners (fresh trainees) to be bright and
insightful about the different aspects of accounting such as the accounting
standards the accounting treatments of different concepts and much more.
- The experienced accountant can contribute the development of business
- The proper way of accounting will save the time and resources. Generally, the
accounting methodology developed by Luca Pacioli, require each transaction
to have two treatments which are basically opposite (debit and credit). The
personnel who is well aware how to make entries and how to correctly post it,
will always come out with a tallied balance sheet.
- The people with less experience and no knowledge in the practical aspect of
accounting will struggle to finalize the accounting. Such professionals would
take more time to create the books of accounts and will not be able to submit
them on behalf of the management, which causes delayed decisions and poor
opportunity grasping ability of business, which may lead to sever outcomes,
especially to closure of business.
- The commerce graduate or any other course-completed person can’t easily
do the accounting without practical accounting training. The students who
have been appointed through placements from the educational
institutions may be well equipped with
the theoretical side of accounting stream. As a result, the trainees will be
providing with the various circumstances, which may be faced by them during
the course of their employment. They will be guided as of to how to tackle the
situations with expertise.
- In every type of work it’s very important that training is needed for proper
accounting and evaluation. Once the fresher gets trained very well, he/she
will be able to face the adverse situations with ease. They will be able to
evaluate the scenarios too. will provide intimations to other departments,
when there is shortage or idle stock in the business.
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