Essay- Accounting as a Profession - 2138 Words

Introductory Part Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, including computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management. They perform these vital functions by offering an increasingly wide array of business and accounting services to their clients, in order to provide information to them. Accounting- the best profession There is a lot to gain from a career in†¦show more content†¦Besides preparing financial statements and recording business transactions, they also calculate costs and efficiency gains for new technologies, participate in the set up for acquisitions and mergers, and develop IT systems to track financial performance, tax strategy, and employee benefits management. There are some options a student can follow in choosing a career in accounting. Audit Audit is the bread and butter work of accounting. Accounting auditing careers involve checking accounting ledgers and financial statements within businesses, public and not-for-profit organizations. Being increasingly computerized, this work can rely on sophisticated random sampling methods. This provides a solid foundation to future specialist work, and enables us to understand how an organization makes money. Budget Analysis A budget analyst develops and manages an organization’s financial plans. Besides quantitative skills many budget analyst jobs require good people skills because of negotiations involved in the work. Financial Financial accountants draw information from the general ledgers to prepare financial statements. They also take part in the business’s important financial decisions involving mergers and acquisitions, employee benefits planning and long-term financial projections. This work can vary from week toShow MoreRelatedEssay on Dilehmas in the accounting Profession1045 Words   |  5 Pagesalready rendered. The next stakeholder is the clients themselves, the decision made on handling the discrepancies will affect the future of the company and its employees, as they could be out of work if the company closes. Another stakeholder is the accounting firm; If they decide to do the right thing it could cost them current and future revenue, again possibly affecting employees and their future earnings as well. The last stakeholder affected by the decision is Jane herself; she has her morals andRead More Learning Styles and the Accounting Profession Essay example1079 Words   |  5 Pageslear ning and methods we use to gain knowledge. It is an individuals distinctive approach to learning based on strengths, weaknesses, and preference with a mixture of various styles. In this essay, we will take a look at different learning styles and how they can be implemented and integrated in the accounting profession. To determine the best way I learn, I carried out two different learning styles questionnaires online. One may find that they are not always categorised in a specific typeRead MoreEssay on The Three Main Accounting Professions1023 Words   |  5 Pages This report is on the three main accounting professions. I will be talking about CA, CGA and CMA and what they do for a living. These three accounting professions may seem the same but I will be explaining how they are different. I will discuss all of these details in my report. I’ll start off talking about the roles and duties of these three accounting professions. A Chartered Accountant’s role or purpose is â€Å"providing professional advice, aiming to maximise profitability on behalf ofRead MoreWhy Are Ethics Important In The Accounting Profession Essay1396 Words   |  6 PagesWhy Are Ethics Important In The Accounting Profession? What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples being Xerox, WorldCom, Enron, which have generated much unwanted and unfavorable publicity for CPAs, including those working as controllers or chief financial officers for organizations. When you hear the word ethics, what is the first thing that comes to mind? Having to make the decision of doing whatRead MoreWhy Are Ethics Important in the Accounting Profession? Essay1459 Words   |  6 PagesWhy Are Ethics Important In The Accounting Profession? Sheree Fletcher CE CAPSTONE COURSE FOR THE ASSOCIATES DEGREE IDS399 September 10, 2006 What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples being Xerox, WorldCom, Enron, which have generated much unwanted and unfavorable publicity for CPAs, including those working as controllers or chief financial officers for organizations. When you hear theRead MoreAcc260 Solving Ethical Dilemmas in the Accounting Profession Essay1090 Words   |  5 PagesFinal Project: Solving Ethical Dilemmas in the Accounting Profession Laurie Searing ACC/260 July 25, 2010 Hope Piggee Solving Ethical Dilemmas in the Accounting Profession This dilemma in this ethical case is whether or not Daniel Potter (Dan), staff accountant for Baker Greenleaf accounting firm, should report unethical changes his immediate supervisor, Oliver Freeman, made to an audit report. The problem is that a large piece of real estate was valued on the balance sheet at $2 millionRead MorePersonal Statement on My Pursuing Accounting as a Profession Essay594 Words   |  3 Pages I am a senior Accounting major student. I will receive Bachelor of Science- Business degree in May 2014. I am now applying for the graduate degree in Accounting at Clemson University. I transferred to Winthrop University in South Carolina last year through a joint University undergraduate program. I think I have seized the great opportunity in my life to study in USA because USA has high quality education and I am excited to experience different culture. Since this is my second year in USARead MoreThe Role and Responsibilities of a Forensic Accountant1605 Words   |  6 PagesIntroduction Accounting skills are useful for companies and individuals who are trying to maximize their profits and maintain a competitive advantage, but forensic accounting can help bring justice and peace of mind for many others by illuminating financial processes that can help explain criminal actions and behaviors. The purpose of this essay is to describe the five most important skills a forensic accountant may possess in order to become successful. This essay will describe each one of theseRead MoreWhat Makes Someone A Good Writer?915 Words   |  4 Pagesstudents, like myself, to use self problem solving and learning (Conners). I used this theory in all of my essays this semester, making the quality of all my essays stronger. It strengthen my essays by giving me the ability to discover the means of expressing my thoughts. In my second paper for this class, I wrote about why the avoidance of genetically modified food can help better society. In this essay, I mentioned â€Å"GMOs were int roduced to consumers in 1994 and since then health problems have increasedRead MoreDefining True Profit914 Words   |  4 PagesFew months ago, when I started writing the first part of the essay, I only thought about â€Å"what elements should be included in the calculations of profit† and â€Å"How it is calculated†. As my learning progressed, I realized how shallow I was. I only mentioned a little about the measurement of profit in the first part but did not even consider why the measurement method is established in this way, who established these standards and is it the best way to disclose financial information of a company? â€Å"Profit†