It includes the development and analysis of data, the testing of its validity and relevance, and the interpretation and communication of that information to internal and external users so that the users can make informed decisions. These business processes are accomplished using a wide variety of information technologies.
Accounting is a multi-disciplinary profession.
An accountant is not an expert in all phases of accounting. Therefore, as their careers progress, many accountants specialize. Accountants may specialize in specific industry areas, such as medical services or manufacturing, or in particular professional service areas such as auditing, taxation, or business advisory services. During a career, many accountants broaden or change their areas of specialization and may make several career-path changes. An accounting education provides many opportunities for persons to take advantage of changing economic opportunities and organizational conditions.