Always making us feel the right way to be an Accountant. i would love to go into the business of supplying bag of rice at $450. Please connect me to such company ready to buy at such amount. nice one
If the contract asset exists as at year end, it will be separately disclosed from the company's trade receivables under current assets on the statement of financial position (balance sheet).
There are various sub-fields in Accounting. There's audit, accounting advisory, tax, finance advisory etc. It depends on what you find most comfortable with