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The accounting profession is in a bit of a crunch these days. A number of jobs are in jeopardy because of the changing times. Employment projections that were done by the U.S. Bureau of Labor Statistics predicted that accounting will experience up to 18% job loss in the next decade with over one million current accountants set to be out of work by 2020. With the changing times, the accounting industry has been experiencing a major transformation in how it conducts business. This transformation is making it difficult for accounting firms to adjust and keep up with the changes. The accounting industry and its practitioners have had to adapt in order to remain in business and continue providing services that their clients need and demand. The result of this changing landscape has been a major shift in how accountants conduct business, especially in relation to the type of skills that they will need going forward. In order to effectively adjust to these changes, many accountants are turning towards niche markets for more diverse opportunities. In addition, some accountants are choosing to take on new roles within existing accounting firms or even starting their own businesses. Some of the newer roles that accountants are taking on include being a firm's chief financial officer (CFO), chief operating officer (COO), adding a specialization in a particular area of business, and the most popular of them all, becoming a tax accountant. In order for accounting firms to stay competitive, they need to hire those people who have been able to adapt to those changes as well as those who specialize in the changing needs of business. In this shifting market, accountants will need to keep up with these changes and learn how to adapt them for their everyday use. This free download is a quick and easy introduction to the entire book. It starts by presenting a basic overview of cost accounting. Cost accounting is an important component that encompasses all forms of accounting that are used by firms to measure the costs that they incur for their products and services, as well as how to allocate these costs amongst various parts of a firm's activity. In addition, cost accounting also encompasses the methods used to bill clients for work done and how these billed amounts are set so as to maximize the money received from clients. An overview of cost accounting can be very beneficial in this workbook for those who have no previous knowledge of cost accounting and who wants a better understanding of it. This workbook is designed for the professional who wants to learn how to use cost accounting in order to get a better understanding of the ways that it can be used, yet it is also helpful for the practitioner who has no need for cost accounting, but still wants to come out ahead by taking advantage of its benefits. These benefits can be gained by improving one's skills in this field. The free download has been designed so that each lesson relates directly with the others. This means that readers will not have any trouble making sense of the lessons and how they relate to each other. They will also learn how taking different action steps will lead them to solving different types of problems involving cost accounting. cfa1e77820
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