Professional Documents
Culture Documents
AC/1Y2/5
January 2016
CHAPTER 1
Introduction
Accounting is the information system that measures business activity, processes the
data into reports and communicates the results to decision makers. It is considered as
the “language of business”.
The history of accounting or accountancy is thousands of years old and can be traced to
ancient civilizations. The early development of accounting dates back to ancient
Mesopotamia, and is closely related to developments in writing, counting and money and
early auditing systems by ancient Egyptians and Babylonians.
The modern field was established by the Italian mathematician Luca Pacioli, in 1494.
There are types of subjects that are studied by Accountancy students , Intermediate
Accounting, Auditing, Managerial Accounting, Taxation, Accounting Information
Systems, Government of Nonprofit Accounting and Mathematics of Investment to name
a few.
This study will present some of the reasons why students are having a hard time taking
up the Accountancy program, as well as study habits that are being used by
Accountancy students which enable them to surpass the difficulties on the said course.
II. Statement of the Problem
3. What are the reasons they are having difficulties in their course, as well as the
hindrances which prevent them to focus on their study?
This study is conducted to aid people on how to deal with Accountancy subjects. It is
designed to be a learning paradigm and to enhance the knowledge of people involved in
the field of Accountancy.
This section will provide a brief description on how the following people will benefit on
this study.
Accountancy Students. The proposed study serves the students as their reference or
guide academically. It will also help them cope up with the difficulties they are having
while taking up the Accountancy program.
Professors. The proposed study will help the instructors to have a deeper
understanding to the said field. By this study, they will come up with an easier approach
in their way of teaching.
College of Business and Accountancy. This study will serve as a guide for creating an
even more powerful program for the students under the CBA.
Our Lady of Fatima University. This study can help by giving additional information on
the Accountancy course to various people around OLFU. The university itself will also
benefit in the means of providing higher quality of education through the use of this
study.
Future researchers. This study will benefit future researchers as their guide. This study
can also become the basis of development of another study involved in the field of
Accountancy.
This study is about students taking up Accountancy program and some additional
information about the field of Accountancy. Furthermore, we only selected a few subjects
which are being taken up by Accountancy students.
The researchers collected as much data as possible about the study object, using
various sources of information. Namely, we read a number of articles and other sources
related to our topic.
Our study applies the qualitative method of research as we aim to obtain a deeper
understanding of the study object and do not try to prove the credibility of our
conclusions using quantitative methods or statistical tools.
The material we used included books, articles, annual reports and the Internet.
OUTLINE
I. Accountancy
A. Definition of Accountancy
B. Branches of Accountancy
C. Uses of Accountancy