Collaborative Effort of Practicing Accountants and the Academia By Abubakar Salisu B. Sc‚ M.Sc‚ MBA‚ ACA‚ AMNIM Lecturer‚ Department of Accounting‚ Ahmadu Bello University‚ Zaria. ABSTRACT The Nigerian environment of accountancy profession has found it difficult to bring together accountants in the academics and in practice for the advancement of the profession. Whereas the accountants in practice are viewed as the real professional accountants; accountants in the academics are mostly considered
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Board (FASB). Clients will ask questions when they do not understand the reasoning behind the information needed. Adjusting costs‚ determining capitalization‚ asset disposal‚ and goodwill are often harder to understand concepts in accounting and the accountant needs to be able to explain the requirements of the accounting standards codifications (ASC) in relation to the issues the clients ask about. Adjusting lower cost of market inventory on valuation FASB ASC 330-10-35-1 through FASB ASC 330-10-35-11
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influence and role (if any) played by their accountant in their decision. The development of an understanding of the obstacles that inhibit the use of a CAS will beuseful in the building of strategies to encourage greater efficiency in business record keeping. 1. Introduction The traditional view of business record keeping suggests that it is paper based and filedin a shoe box until such time that it is placed in the hands of the accountant for the preparation of the annualtaxation
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assignment is regarding to accountants‚ a professional career‚ meant to be very important to corporation or public because it is the base that offers great support to management for planning‚ controlling as well as decision making process. As far as people is concerned‚ accountants as information keepers and produce financial reports to stakeholders face major ethical challenges such as misrepresenting or misstatements in financial statements etc. However‚ accountants are required to behave ethically
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discuss my personal business goal that I have selected. My personal business goal is to get an accountancy job at a well-known international top best accounting firm such as Price Water house Coppers‚ Deloitte and Ernst and Young; to become a charted accountant for my future business goal. In addition‚ I would also like to get the opportunity in New Zealand banks sector. I am going to gain the knowledge and the experience skills required for that jobs. I have been planning to get that experience once I
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Ethics and Legal Responsibility in Accounting The profession of accounting has become spotlighted by the events in recent years including namely Enron. The ethical behavior of businesses is becoming increasingly scrutinized at every turn. Thus it is important to specify the nature of conducting accurate and ethically in accounting and how this can be of subsequent benefit to the company as well as the business world in the long run. The definition of accounting according to Webster ’s dictionary
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[pic] Student ID 10038405 RESEARCH METHODS RESEARCH PROPOSAL MSc. ACCOUNTING & FINANCIAL MANAGEMENT (FAST TRACK) NAME: MAILES MBEWE LUPIYA DATE DUE: 29th MARCH 2012 WORD COUNT: 1500 TABLE OF CONTENT 1.0 INTRODUCTION……………………………………………….. 3 2.0 LITERATURE REVIEW………………………………………….. 4 3.0 RESEARCH PARADIGM‚ METHODS………………………… … 5 4.0
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The world of accounting opens doors of opportunity for investors‚ stockholders and many businesses and organizations. However‚ accountants must follow guidelines established by “The American Institute of Certified Public Accountants”. (AICPA) Council designated the Federal Accounting Standards Advisory Board or (FASAB) as the body that establishes generally accepted accounting principles (GAAP). Accounting Standards GAAP is considered to be collection of methods used to prepare‚ process and
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advantage‚ or risk being replaced by nonprofessionals. A case in point would be the inexpensive software packages such as QuickBooks‚ Peachtree‚ and MYOB. Because these programs are designed for easy use‚ they are often set up and maintained by non-accountants who are not normally trained or knowledgeable in accounting concepts. Another type of software design is the tax return preparation software such as TurboTax. No longer does an individual have to take a box of receipts to the CPA ’s office and
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AFFIRMATION AND ACKNOWLEDGEMENT I hereby declare that this report is my original research work compiled and has never been submitted to any organization for the fulfillment of internship requirements and other requisites. Every good work is certainly impossible to accomplish single-handedly.Therefore‚ it is with heartfelt gratitude that I convey my sincere thanks to my family‚ and best friends for the great encouragement and support that you have given to me again and again. I would like to
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