4. Choose a career from the following list: financial planner, financial analyst, accountant, risk manager, cash manager, treasurer, CFO, and comptroller. Use the Internet to find information about this career, and answer the questions below. TIP: The U.S. Occupational Outlook Handbook (http://www.bls.gov/oco/) may be a good source for this information.…
Standards are extremely important in both of these fields, because of the work involved. If the fraud examiner or the auditor does not have strict standards to stand by, it affects the quality of the work, which ultimately affects the company 's financial reporting, or can cause a loss of assets or other loss to the company.…
After the Enron and WorldCom business climate, there came a new US federal law called Sarbanes – Oxley Act. The SOX contains 11 titles that describe specific mandates and requirements for financial reporting. It makes corporate executives more accountable for their actions. Companies invested a tremendous amount of resources, time, and effort in order to comply with the requirements. It clearly improved the internal control environment and its ongoing continuity, but it has its limitations.…
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below.…
According to industry partner’s presentation, that accountant has variety roles in the verification field. The auditor should ensure financial statements are not materially misstated and be able to giving a true and fair view. The auditor should demonstrate professional scepticism---being able to form an opinion. The auditor opinion is intended to provide reasonable assurance for financial statement and adding the value and credibility of the financial statement produced by management. Consequently increase the user confidence in rely on the financial statement and reduce investor’s risk. Accountant work in a professional firm as an auditor should Mitigating risk and acting as a third line of defence for clients. Using their knowledge of management accounting to help the client in controlling and minimising the risk of business, ensuring the operation of finance are in a right track. There are much more requirement for accountant working in auditing fields such as being compliance with regulatory standards, working in a collaborative team, be able to build a relationship with the client and other internal people.…
⪠Dynamic, analytical and forward-thinking Financial Services Professional with a strong understanding of financial markets, trade life cycle, and trade flow settlement processes looking to transition into the Accounting profession through pursuit of a masterâs degree in accounting…
1. Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations.…
One career that I am interested in is an Account Executive in Advertising. Tasks for such a job include: planning ads for businesses, picking the best way to advertise, meeting with artists to plan ads and show plans to customers. Other qualities are figuring out the costs of ads, working with budgets, layouts, computers, and products being presented. To be a successful Account Executive, one must be good at organizing projects and making decisions along with getting along well with others, being creative, dealing with stress, and speaking and writing well. It is recommended that you have a 4-Year Degree. It is recommended that you sell things, speak in public, write for a newspaper, work on a market research project, or play sports leading up to the job. The salary range for such a job is $66,500 to $102,500 per year. There is occasional travel that accompanies the job. Typically, most work is done in an office. It is a medium size category and is on the decline. Another career that I am interested in is a Financial Manager. He is responsible for keeping records of money a business makes and what it spends in taxes, wages, and benefits. He also looks at how much money a business made previously and estimates what it will make in the future along with telling management about new tax laws and insurance changes and making reports to the government. He gives management advice on how to spend their money, and uses computers, government reports, tax forms, insurance policies, audits, calculators, and financial reports. To be a good Financial Manager you have to understand business and finance and look at and understand detailed information. You also have to think creatively and solve problems and manage staff, along with speaking and writing well. You have to be good with computers and working independently. It is required that you have a 4-year degree for this job but it is highly recommended that you have a graduate degree. To prepare for…
Those certain skills include you having to have competitive out look upon things. Being able to look for certain research and good at interviewing. One last thing that you need to accomplish to be ready for this job is to be finished with law school that lasts up to seven years. During those years at some…
This article displays careers available to accountant majors. It lists steps to take while job searching. Because I am majoring in accounting I decided to choose this journal to see fully what becomes available to me upon receiving my diploma. Within this article provides a detailed description of four workshops that focus on the accounting industry, specifically public accounting, non-public accounting, the recruiting process and professional certifications. Although it was not exactly what I was looking for it still answered many questions I had about what came after graduation.…
I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties.…
Accounting is one of the five business disciplines that we have talked about in business 101 and I think that is the major that I am going to pursue. “Accounting is the measurement, statement, or provision of assurance about financial information primarily used by lenders, managers, investors, tax authorities and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies” (Wikipedia). Accounting is a key business discipline underpinning decision making in all organizations from the largest business to the smallest charity. An understanding of the subject would be very useful to anyone contemplating a career in management as well as to those who intend to pursue a career in accounting. In college, students need to decide on a more specific field of accounting. An accountant has many choices as to what particular field of accounting to specialize in depending on the financial information they want to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general, but require different training and work methods. A financial accountant records economic data and periodically prepares reports that show profit and other financial information of a company using the generally accepted accounting principles. The need for financial accountants is to reduce agent problems by monitoring agents’ performance and reporting the results to interested users. Financial accountants are basically used to prepare accounting information for people outside the organization or they are not involved in the day to day running of the company. A tax accountant prepares yearly tax returns for individual clients. For businesses, the tax accountant must provide data for the company’s tax returns. In many places, accountants must abide by national tax laws and regulations, but no requirement is in the US. Auditors are sponsored by the Institute of Internal Auditors…
To be an accountant you must be patient with your client and able to resolve any problems between you and them. You must have principles of marketing communications. This is being able to communicate in the setting of marketing sales. You must also have education in principles of presentation skills. You must speak loud and clear. Let people know what you want out of them. Let them know you want to make a statement. Clearly, in the path of becoming a sports accountant communication skills are a crucial assessment when it comes to qualify as an…
Accounting has always been an interest of mine. Since I was a child, I have always wanted a career in accountancy. Therefore the career I have chosen is to be a Public Accountant. Public Accountants work under the accounting industry which is all along with my interest.…
My immediate short-term career goal would be to pass all four parts of the Certified Public Accountant (CPA) exam. Successfully passing this exam, along with meeting the educational and work experience requirements, is the only way to make the rest of my career goals possible. Ideally, I will begin work for one of the “Big four” accounting firms (Ernst and Young, Deloitte, PWC, or KPMG) to gain the extensive knowledge I need in the field of audit to be successful in my long-term goals.…