Accounting I want to major in Accounting , I’ve always being good with numbers and one of my favorite subjects at school was math so I decided to choose accounting for my career. As looking through the website I found very interesting things about my major I didn’t know so it was really help full to know. Some of the duties of the accountants are to examine financial statements, compute taxes owed, inspect account books and accounting system, organize and maintain financial records, asses financial operations, and suggest ways to reduce costs. Most of the accountants and auditors work in offices, although some may work from home and some auditors may travel to their clients’ places of business. Something I consider a little bad is because most accountant have to work full time but some work more than 40 hours per week, what causes for them to work extra hours are certain times of the year such as the end of the budget year or during tax season. For accountant education is very important some need at least a bachelor’s degree in accounting or a related field although most employers prefer to hire applicants who have a master’s degree. Work experience is also important for getting a job as most states require experience before an accountant can apply for a CPA license; many colleges help you on this part so you can gain practical experience through summer or part-time internships with public accounting or business firms. Sometime that grab my attention on the website was the advancement as some top executives have a background in accounting, internal auditing, or finance. Some of the important qualities an accountant must posses would be analytical skills as they must be able to identify issues in documentation, communication skills as they must listen carefully to facts and concerns, detail oriented as they need to…
Consistent with other roles in today's corporation, management accountants have a dual reporting relationship. As a strategic partner and provider of decision based financial and operational information, management accountants are responsible for managing the business team and at the same time having to report relationships and responsibilities to the corporation's finance organization.
The activities management accountants provide inclusive of forecasting and planning, performing variance analysis…
Accountants design, install, maintain and use general accounting systems to prepare, analyze and verify financial reports and related economic information. Accountants in all business, industrial and governmental organizations furnish this financial information to managers, who use this up-to-date material to make important decisions for the organization.
Accountants may work alone in small businesses or with other accountants in larger businesses and accounting firms. Accountants generally…
Management Accountants and Internal Auditors
“The three things I like most about my career are the variety of projects that I am involved in, the frequent interaction I have with others in pursuit of a common goal, and the problem-solving nature of my job.” (C. Johnson, Controller) Management accountants and internal auditors are watchdogs of efficiency, effectiveness, and compliance. Management accountants study and interpret business numbers, such as earnings and salaries. While Internal auditors…
Accounting is a glorious but misunderstood field. The popular view is that it's mostly mind-numbing number-crunching; it certainly has some of that, but it's also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it's people skills, not technical knowledge, that are crucial to their success. And although it's…
1. The International Accounting Standards Committee (IASC) was established in 1973, however replaces by IASB (International Accounting Standards Board)in 2001. The IASB is now responsible for producing or releasing international accounting standards, as we all know, international financial reporting standards.
As we all know, some countries have their own accounting standards-setting process, because of the globalization, the accounting standards need to be developed in these…
Chapter 2 acct. terms
Accruals- are the accounting recognition of assets and liabilities that have not yet been realized as a cash flow.
Capital maintenance- any enterprise has to preserve its capital investments, annual profit can be measured only after keeping the same level of net assets from the beginning to the end of the year. (excluding transactions with shareholders)
Commitment- the element definition is not met for a contract that is a commitment.
Comparability- a factor…
Accounting Professional Ethical Standards
Dallas Baptist University
MANA 6320-01 Fall Mini I
Professor Jim Underwood
November 2, 2012
Accounting Professional Ethical Standards
Accountants provide a multiplicity of accounting and consulting services to businesses and individuals. Accountants were once regarded to be a high integrity profession by the public. An accountant's role are critical in that the information provided by an accountant helps…
The first job is looking for a Plant Accountant. The Company is GAF Materials Corporation located in Savannah, Georgia. There was no wage posted but the educational requirements were as follows: A Bachelor’s Degree in accounting with 2 - 4 years’ experience, preferably in an Accounting/Finance environment. The company also stated that CPA, MBA, CMA is preferred but not required. The responsibilities of this job are to support accounting manager goals and activities and Plant processes…
Annual Report Project: Kohl’s Fiscal Year 2011
Diane M. Chapman
ACC100 Accounting 1, Professor Ekaterina Kouprianova
June 1, 2013
1) Identify and explain the main sections of the annual report.
The Kohl’s Corporations annual statement for fiscal year 2011 is broken down into several parts. Part one explains the business as a whole and includes information such as the origins of the company, the type of merchandise sold, overviews of its business strategies, store locations and sizes, supporting…
audited financial statements are required to be submitted by Sun’s bank agreement.
ABL’s financial statements are for tax purpose only and never issued to anyone else.
Sun Gas Co. is a private company and using ASPE as their basis of accounting.
Users and User Needs
Sole shareholder (Mr. Pat Sun)
Mr. Sun will use financial information to decide how far this company can expand. He would like to have aggressive financial statements because he needs to maximize sole shareholder value and…