Once, the accountancy profession was restricted to ensuring a company kept its books in order and complied with financial laws and regulations. With the ever increasing dependence on financial information for strategic and tactical decision making, the modern Accountants are integrated into the folds of business decision making with the provision of quality accounting and auditing services now becoming a key factor in the success of any organisation.
Accountancy is a historic profession with its own codes and practices, charters and professional organisations and can be defined as the systematic means of communicating financial information about a business. It is the business language by which accountants and auditors describe and report financial statements, business transactions and auditing records. Nowadays a number of innovative specialisations in the accountancy field allow the accountant to take on more of an advisory role highly regarded and referred to in times of business decision making.
These professional vocations require a long-term focus, adaptability and the willingness to update skills and techniques in accordance with the latest professional developments. The rewards for this commitment can be highly beneficial to both the individual and the company.