Career in Accounting
“Accounting is the practice or profession of maintaining financial records, noting expenses or revenue, and determining how much one owes or is owed. Accounting seeks to assure that every individual or company pays or is paid the correct amount” according to http://financial-dictionary.thefreedictionary.com/accounting”. In this essay I will explain the requirements to become an accountant, why I choose to study accounting, and the pros and cons of this career. Accounting is a career that requires a skills in finance and mathematics. It offers a competitive salary, benefits, and has a flexible job market. An accountant’s responsibilities are to Examine statements to ensure they are accurate, Ensure that statements and records goes with the laws and regulations of the company, prepare tax returns, Inspect account books and accounting systems to them keep updated, Organize and maintain financial records to Improve small business or large companies sales, budget and come up with best recommendations to improve the business. Public Accountant, Management Accountant, Government Accountant, and Auditor are some of the career path that accounting offers. “Public Accountant serve clients such as businesses retailers, manufacturers, service companies, etc., individuals, nonprofits and governments. Management accountant combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. Government Accountant review
The three careers I chose to examine were IT Security Administrator, Forensics Investigator, and Obstetrician Gynecologist. I chose these careers because I discovered that the employment rates for these jobs are expected to grow at a faster than average 37% from 2012-2022. This is because data security threats are growing and with more digital technology rising, more organizations have become victims of cyber crimes. The other career is what I want to be. Internet Security Administrators, also known as computer security specialists, or Internet security specialists, protect computer systems against attack.
Accrual accounting is an accounting method that recognizes economic events regardless of when cash transactions occur in order to measure the performance and position of a company. The general idea is that economic events are matching revenues to expenses to recognize which is the matching principle at the time in which the transaction occurs rather than when payment is made (or received). This method allows combining the current cash inflows or outflows with future expected cash inflows or outflows to give a more accurate picture of a company 's current financial condition. Accrual accounting is considered to be the standard accounting practice for most companies with the exception of very small operations. This method provides a more
I 'm agree with Mayor Bloomberg, because he is doing an audit to find out about the slowdown of the guard at the prison in Rikers, as a result there are guards who block prisoners to testify against two guards that he was allegedly beaten. This should be penalized by the union, for the reason that, is illegal to block a person to testify and beat prisoners.
Career Exploration Paper The three occupations that I have chosen for this exploration are: data analyst, software engineer, and financial analyst. Data analysts, software engineers, and financial analysts all have varied skill sets and knowledge requirements, but all have the potential to be meaningful and successful careers. Data analysts examine data sets to find trends, gain insights, and develop strategies to assist businesses in making better decisions. Software engineers create, develop, and maintain software systems, frequently working on projects from beginning to end.
In the medical field, there are many types of jobs to choose from and they all require diffrent things from you, but what really makes the job worth it is if you enjoy what you do and can look past the negatives of it. Many factors, including education, skill, salaries, job duties, job benefits and job drawbacks will help you choose between the multitudinous numbers of careers in the healthcare world. While researching, I found that Endocrinologist, Phlebotomist, and Dental Hygienist were all excellent careers that met positive results for all of the factors listed above. Endocrinology is the career that requires the most schooling and training, but it is also the one that I think will be the most enjoyable because I have a great love for biological sciences, and there is a lot of biology required in this career path. I also chose this career because it will allow me to help other kids and adults that may have turner syndrome or other disorders of the endocrine system, so I will find it very relatable and will already have some experience with the issues and concerns the patients may have.
Responsibility for Poor Accounting: Are Accountants Always To Blame? Accounting is the process of “analyzing, recording and summarizing” financial information into useful and reliable financial statements that would serve as an overview of the business’ financial performance to both internal and external users. Accountants are the people who deal with this as a career, that is, to professionally maintain a business’ accounts up-to-date. It’s easier to put the process into words than to execute it. And that’s the reason why it takes a long time for an accountant to acquire the needed experience and to achieve a level of trust and professionalism in the eyes of the business’ management.
My Career goal: I would like to work as an accountant for a trade corporation in Singapore, then work as a certificated public accountant. My Current Status: • Currently enrolled and seeking my university’s degree; • Have experience working as a petty cash accountant for three companies; • I have basic knowledge of business law; • Running the office with one other person and would like to have more of a challenge; • Currently, I am limited on what I can do. Thinking outside the box or new ideas must be approved by management and are seldom addressed; • My current training is just what is given by my supervisor at Monday morning meetings with the sales team; • I find it necessary to pass a prospective client on to a sales person that speaks Spanish; My strengths • Very eager to lean; • Reliable, always on time and available; • Self-starter, with or without supervision; • Excellent time management; • Work is complete by deadline with accuracy; • Ability to balance work and school; • Great organizational skills; • Ability to multi-task; •
For catch up all of skill, accounting students can try taking internship in the accounting firm, for example big four auditing firm, taxation firm, consultant firm.
Becoming a CPA will also help your career. Many employers look for elite level accountants to hire and move up within a company and CPA’s are always top candidates. The certification will also help your job security which in turn will help your job satisfaction. You will be less likely to lose your job and will feel more comfortable. Finally, The CPA is a hard exam to pass but the
This data can be used to preparing the accounting statement and reports. (Fontinelle, 2017).Accounting Information System is used for to produce the external stories related to the financial statement, supported through routine activities, Decision Support and Planning and Control, Implementing internal control. Accounting Information roles are classified into External Auditor, Tax Accountant, Consultant and Internal Auditor, Business Analyst, Budget analysts, Financial Analyst, controller and Accounting Clerk. It is discussing the future, and current role of Accounting Information system is analyzing by accountant responsibility and financial
According to Averkamp (2016), “accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting information in various reports and analyses”. Therefore knowing how to carry out these tasks
My interest in Accounting stemmed from my optimistic expectation about career development in this field. Accounting is so important in the business world that only on the basis of accounting information, management is able to make investment decisions, and optimize internal operation. Thus, it is widely applied to every business sector. However, due to a strange combination of circumstances, I was matriculated by Biology and Medical Engineering College, instead of the Economic and Management College, in which I could accumulate the knowledge that would allow me to realize my career ambition. Changing major was not easy to operate in our university.
Tutorial 4 26 August 2014 Name: James Surname: Gilbert Student Number: 201404266 Tutorial Group: 1 The Relevance of Accounting History as an Academic Discipline.
Accounting courses highly depends on mathematics, so a high academic performance in accounting could be related to good mathematical ability and thereby, measured accordingly. Mathematics can be used in all financial duties necessary to keep the company operating. Likewise, accounting involves large sums of money regularly with the use of double entry record keeping. Since an accountant is responsible for maintaining records containing the business transactions, one must possess a working knowledge of bookkeeping which requires both basic and advanced math. In the public sector, an accountant must know how to perform tax procedures.
Income data (experiences, estimates of sales, fund rising, membership etc and planned activities). Data come from previous budgets, estimates, experience of others and public available statistics. I was also able to identify the main uses of accounting and these are as follow: Information All organizations need to keep records of their financial transactions so that they can access Information about their financial position, including: summary of income and expenditure, the outcome of all operations, assets and liabilities.