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Professional Role In Accounting Profession

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The role of the Accounting Professional may vary depending on where they work and what they were hired for. Accounting professionals generally work for one of the four major fields of the accounting industry which are public, management, internal auditing, and government accounting. Accountants can perform financial functions related to collection, accuracy, recording, analysis and presentation of a company’s financial operations along with a variety of administrative roles, dealing with third parties such as vendors and customers. In a smaller business an accounting professional’s role may consist of financial data collection and entry and report generation. Larger companies may use accounting professionals as an advisor or financial interpreter. …show more content…

The Role of Technology in Accounting The accounting industry is transforming because of new technology and the accounting profession isn 't as burdened with task-oriented projects as they used to be because of technological advances. There are numerous ways in which technology is changing the accounting profession. Accounting software programs are more automated to help interpret data more efficiently and effectively. Cloud computing, which is internet based and provides shared computer processing resources and data to computers or other devices so accountants can work from any location and deliver reports and information through the cloud. Improved tax software which improves accuracy and reduces errors and streamlines audits making them more …show more content…

The Importance of Ethics in Accounting Integrity, objectivity, independence, and due care are important in the accounting profession. Businesses have the responsibility to develop proper codes of conduct and ethics that all employees must follow. Ethical issues include integrity, trust, and more complex issues such as accommodations for diversity, compliance, governance, and decision making. Accountants should use sound moral judgement in all accounting activities and provide clients and other businesses with truthful and accurate information. Integrity is important in the accounting profession and requires that people in the profession be honest and forthcoming about financial information and not use confidential information for personal gain. Accountants should behave in a professional and ethical manner and not deceive and/or manipulate financial information. Businesses should develop a code of ethics or conduct for employees to follow to ensure that all employees act in a consistent

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