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There is one field of accounting, but there are many different jobs within the field such as auditor, bookkeeper, payroll accountant, cost accountant, tax accountants, etc. Accountants wear many hats and often do different tasks for different clients.

• What is the difference between financial accounting and management accounting?

• What is the difference between the accrual accounting and cash accounting?

• When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?

• What are steps to define supplier?

• What steps would you take before making a payment?

• What is meant by liabilities?

• What is debit and credit from the banks point of view?

• What is FBT (Fringe Benefit Tax)?

• What do you understand by Intercompany Settlement?

• What is an IFA?