Professional Documents
Culture Documents
PROFESSIO
NAL
ACCOUNTAN
T IN A
CHANGING
1
ENVIRONME
NT
ENVIRONMENT
INTRODUCTION:
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It is the onus of the Accountant to address financial issues, setting
Accountant that will do the cost effect evaluation and report back
Chapter One
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period of time. It is the careful sorting and recording of
every transaction on the basis of the accounting concepts
applicable to such transaction. Accounting is a living
subject because of its versatile nature. It lends itself to
changes and modification with time. The accounting
concepts are strictly followed to avoid distortion in
reporting the operational results in any given year. The
work of accounting could be done by a secondary school
certificate holder, Ordinary National Diploma or Graduate
in accounting. You do not require a professional
experience to function as an accounting officer in a firm.
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1:3(c) Personal Account: This type of account
is opened for individuals such as Savings, joint account,
Current account etc.
Chapter Two
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2:1 Who is a Professional Accountant?
There are so many professions such as Engineering,
Legal, Medical Practice, Banking including the
Accountancy profession. All these professions have
differing regulations to modify their professions. Also
there are postulates or ethics that distinctly regulate the
operations of the various professional bodies. For anyone
to practice as an Accountant in Nigeria, he or she must
have obtained his degree in Accountancy from an ICAN
accredited University or passed through The Nigerian
College of Accountancy an auspices of the Association of
National Accountant of Nigeria after writing the
prescribed examination. Also he would have completed
his professional examinations under the Institute of
Chartered Accountants of Nigeria. The Accountant is a
highly recognized personality in the economy of any
given country due to its versatility.
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adopted by the Institute of Chartered Accountants of
Scotland (ICAS). All students aspiring to become
members of the Association must attend the Nigerian
College of Accountancy, Jos in preparation for the
Association's examination programme, consisting of FIVE
PAPERS at Professional Examinations 'A1 (PEA) and SIX
PAPERS at Professional Examination 'B1 (PEB) details of
which are contained in the later Section Of this brochure.
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Chapter Three
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environmental sustainability.
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Historically, corporate accounting systems were argued
to be unsuitable for this purpose as they had tended to
provide incomplete data and unrealistic targets,
systematically under-report environmental costs, and fail
to correctly identify the contributions of various products
or processes to environmental costs and revenues.
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While some organisations in industries of “environmental
concern” such as mining, petro-chemical and government
appear to have higher rates of adoption of these
performance measurement and reporting practices, the
widely anticipated move to institutionalised
environmental accounting has not yet occurred.
CONCLUSION
The Accountant has a dominant role to play in the
financial wellbeing of the firm and the general economic
environment of the nation. In view of this laudable task of
the Professional Accountant, he has the professional
know how to revamp the dwindling economy.
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