Question

Identify the professional certifications offered in accounting and the organizations that offer them.

Answer 1

CMA, CPA, CIA are the professional certifications offered in accounting

What is accounting?

The process of recording a business's financial transactions is termed as accounting. To record these transactions to oversight organizations, regulators, and tax collection organizations is a step in the accounting process.

The financial statements that are used in accounting provide a succinct overview of all financial transactions that took place within a certain accounting period. They also summarize the operations, financial status, and cash flows of an organization.

One of the most important tasks in virtually every organization is accounting. In small businesses, it may be handled by a bookkeeper or accountant; in larger organizations,

it could be the responsibility of substantial financial departments with many staff members. Managerial decision-making is greatly aided by the reports produced by several streams of accounting, such as cost accounting and managerial accounting.

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