A ''Fact'' is an incontrovertible truth. When we speak about accounting today we have to take into consideration the facts and the trends. The term trend is intended as tendency. When we apply these terms for accountancy we have to analyze the facts of accountancy in this 21st century and the application statistical techniques to make and justify the financial statements.
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Every enterprise or industry is growing today and assuming an international character. So the pattern of accounting assumes a corporate accounting pattern. The highly sophisticated tools are applied even in accounting field. So an accountant cannot be permanent today unless he discerns his competing ability according to the changing trends fitting for the latest 21st century.
Today the accounting system should fit in to the global system applicable to every place of the world. A good financial officer can create an excellent financial value. He is a negotiator who oversees the working pattern of balance sheets of the companies, the employee benefits and the squeezing out of the cost savings in different fields.
Today a wide field is open for the women. Earlier it had been the monopoly of men to be an auditor or the accounts manager or accounts officer. Today finance becomes a first field for women. In the network of accounting women show a great competency is all the fields such as treasury and budgeting which once belonged to masculine culture. Women have succeeded in corporate finance.
One of the most noticeable trends is that today all look for value based management. The ratio of risk and liability management is growing. A great skill in management of accounts is in high demand. At least a bachelor's degree is absolutely necessary to work in accounts today. Language competency and high profile curtsy behavior is a must for the success of accounting. Today the accountants and accounting demand high pay scale. There is a lucrative chance for accounting. Finance group is a bridge between the production group and the consumerist group. Accounting demands a high negotiating skill. Day by day accounting profession becomes highly challenging.
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