Accounting in news

The article shall discuss about two news articles which has accounting impression in Australia and internationally. Both articles call off the same issue of economic meltdown effect to accounting faculty and how it shall affect the accounting duties across Australia and abroad.One of it high schoollights on how staffs have lost belief with their employers due to economic trial which the companies are going through while the other address the employment treads of accountant in Australia.The articles address a number of accounting issues. They disclose accounting issues and company behavior (Lyons 2009). Due to the economic hardships which close to of the companies have been going through has affected their books of account which in turn has affected their investment, and spending.Aequalis consulting which is an accounting and recruitment firm in Sydney said that most of the employees are disillusioned by the way companies are acerb down on cost by reducing their payment or sa cking (Fisher 2009).This is a blood according to Lyons article, because most companies are fighting to better on quality of their staffs by replacing them with passing qualified staff but this is made impossible due to their financial status.The articles relate to the course materials in supporting that appropriate number of staff with appropriate qualifications to do different accounting duties/roles.Its really important to have accounting roles well defined such as stock taking, suppliers and deliveries, budgeting and auditing if there is fewer staff roles which are conflicting would be assigned to the same person which would promote fraud.The accountants will take in to keep on updating the payroll and budgetary allocation to different vote heads of the companies to accommodate high turnover of staff and their payments and other company expenditures affected.I have learnt form the articles that its very important to improve on accounting staffs quality. Hiring people with ri ght qualifications improves on the company financial planning, appropriate book safekeeping and preparation of up to standard accounting reports.ReferencesLyons, P, 2009, The action in Aussie accounting, Available at http//news.efinancialcareers.com.au/Guest_ITEM/newsItemId-17094Fisher, D, 2009, A issue of faith, http//www.brw.com.au/viewer.aspx?EDP//20090402000030994502&fid=71&s=0&t=1&title=A+loss+of+faith