...Exercise: Career Opportunities for Accountants Two business sectors that I would chose to work for would be insurance and audit for the government and the second would be working in payroll. As bad as the government can be, I still would like to work there and for them, we all know it is great job security. Additionally with insurance and audit I believe that I would not get easily bored or slack off on the job as I might with other jobs for the simple idea that it’s never really the same. Every day I would get to review other businesses and the information and other types of data at the same time to make sure they are correct, it wouldn't be like looking at the same page every day when I go into work. For the second choice it would be payroll, it is repetitive and although I think that it would be exciting to some extent just simply knowing that the employees are counting on you and you only to get their pay checks right the first time is a lot of pressure for one person, I feel that this would be a great job for me especially since I like to be accurate with my work. I believe that working for the Securities and Exchange Commission would not only satisfy my personal ideals but also I would be able to achieve the accounting principles set forth by the (GAAP) effectively. I would be able to make sure the principles are being carried out efficiently and accurately through the data review. I would feel confident in that I can help and protect new and existing investors...
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...Career Opportunities for Accountants Exercise Bryan Green XACC/280 May 27, 2012 David Bulkeley Career Opportunities for Accountants Exercise Provided that I was an accountant than I would work in a bank kind of setting or do some work in a credit card organization. I prefer to work as a credit card examiner in the business over being in the bank all day. It will be a good job to have on account of you will get a chance to evaluate all individual, and establish on that the people’s debt to income ratio is beneficial to invest in. Figuring out that an individual could sustain the loan with their various open lines of credit I believe will be interesting, to be capable in advocating if someone can or not sustain over the normal cost of living I think is intriguing. With the confirming on that an individual is respectable at a time to be invested in you additionally grab the sensation of fulfillment by giving a person satisfaction which they are dependable enough for a person to entrust them with currency and to pay it back on time. It also happens in bank situations when a loan officer determines if or not an individual is suited of paying back a loan for anything they put the money towards. I think that having a job with the (SEC) will not only humor my individual goals but additionally I will be capable to attain the accounting standards advanced by the Generally Accepted Accounting Principles efficiently. I will be capable to establish the principles are being fulfilled...
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...Career Comparison for Accountants and Financial Analysts Prepared for Sara Ray Prepared by Career Consultant June 16, 2013 LETTER OF TRANSMITTAL Sara Ray 123 Brookside Dr. Holbrook, NJ 75486-1256 June 21, 2013 Dear Sara, Here is the report you requested on June 1st for a comparison between of a career as an accountant and a financial analyst. Based off our conversation, we took your interests and previous work experience into consideration as we compared specific criteria between these two careers. While working for your previous employer as a junior accountant, you show your ability for detail and organization. An accountant must possess these skills as well as the ability to work independently. I also gathered from our conversation that you are not one to handle a tremendous amount of pressure well. As a financial analyst, this is a skill that is required. You could be faced with many deadlines that could be very stressful. Your education course of study was also included to compare to the education requirements of each career and even though there are many similarities between the two, there are many differences. For example, both careers require good written and oral comprehension but an accountant needs to have excellent mathematic skills and be able to choose the right formula to solve a problem. This skill is not as important as a financial analyst as is the ability to develop solutions to complex problems that need to be solved....
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...English Language Area De La Salle Lipa In Partial Fulfillment of the Requirements for COMSKI2 Term 2, School Year 2012-2013 by Pasia, Trishia A. Sumilong, Melissa Mei D. Abstract Many students take up Bachelor of Science in Accountancy in De La Salle Lipa. In this research paper, the being in demand of the course and the effect of having job opportunities after graduating in college in the career choice of the students, the difficult situations they face, how they deal with them and their expectations of their career were being studied. This was done with the use of qualitative method. The researchers interviewed twenty-two (22) Accountancy students about their perceptions on their course. They summarized and concluded their answers to obtain the needed results and they found out that career opportunities really matter in choosing a course because the Accountancy students considered their future in doing this. Though they faced challenges in taking their course, they did their utmost to overcome these and obtain their wanted profession. In addition, they expected to have a good job in the future through this career. This paper further concluded that the students were motivated to study harder and to perform better despite of the difficult situations because of the nice future that was waiting for them and because of their high expectations of their course. Bachelor of Science in Accountancy as an in Demand Course in De La Salle Lipa Bachelor of Science in Accountancy...
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...Career Path for Accounting Studies It is always so hard to give the exact number of people who have majored in accounting, but one thing that I know is that the demography is very wide and large. This is because they have different reasons for majoring in this career path. The most common reason to all people is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing immensely and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career path that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating language in the world of business and this is why many chief executive officers hold a degree in this field. In the day today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who venture into it will always have the best job positions waiting for them because...
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...INTRODUCTION Authorization Per your request, Career Selection Services has researched and prepared a breakdown analysis of two potential career choices with a recommendation of the more compatible of the two professions. My recommendation is based on a thorough investigation and analysis conducted on careers in accounting and legal administration. Purpose, Scope, and Limitations The evidence I have collected relates to the work environment, duties, salary, education, skills, and advancement opportunities strictly limited to careers in accounting and legal administration and examines the facts and evidence to determine which of the two chosen careers would best suit the individual. Sources and Methods I have examined the data instituted in the Occupational Outlook Handbook provided by the Bureau of Labor Statistics online and have analyzed the information provided online by the AICPA. Report Organization In this report, I will provide insight on the two professions – accounting and legal administration. The report will include a brief rundown based of each of the following criteria: work environment, education requirements, job duties, salary/earnings, and advancement opportunities for each profession. The report will conclude with my recommendation of an accounting career over that of a career in legal administration. ACCOUNTING Work Environment The work environment in accounting is generally that of a professional office setting. It is usually...
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...an accountant, it is no big surprise that you should have a knack for numbers. According to Taylor (2010), as a certified public accountant, or CPA, you will be in charged of reviewing and analyzing the financial information of clients’ companies for auditing, taxpaying, or advisory purposes. The diversity of the accounting profession makes it easier for accounting graduates to find and fill a job. Accounting graduates will not run out of job opportunity. In fact, accounting graduates have many opportunities in the job market such as as accountants, budget analysts, forensic accountants and auditors. First, the most popular job opportunity for accounting graduates is as accountants. Accountants check financial accounts. They can work in the private or government sector. Their scope of work includes working in accounts payable, receivable or general ledger. They also perform reconciliations and analysis. This profession can be divided into three major fields. The first field is public accountants who focus on auditing and tax functions. The second field is management accountants. They work in companies and contribute to decisions making on capital budgeting and business analysis. The last field is financial accountants. The information from general ledgers will be drawn by them to prepare financial statements. Nguyen (2011) states that financial accountants are generally more active than the typical accountants. They get to travel a lot and are given many opportunities to expand...
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...CAREER PAPER MUQRIN ALJHARI October 2, 2015 INTRODUCTION Accounting is popularly known as “language of business". Accountants are the practitioners of accounting, who can speak it better than anyone. It measures the results of a company’s economic activities and conveys this information to different users like creditors, investors, management, and regulators, etc. Accounting is the body of knowledge, which is primarily concerned with methods for recording transactions, keeping financial records, performing internal audits, reporting and analysing financial information to the management, and advising on taxation matters. In short, it is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the resources available to a firm, the means employed to finance those resources, and also the results achieved through their use. ACCOUNTING CAREERS Choosing the field of accounting as a career path is a smart decision. This field will always be in demand. This field can help you to grow continuously and help you move up inside your organization. A lot of different positions are available in the field of accounting. Accounting careers can range from entry level positions to executive level positions. Some of the popular careers in...
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...important reality of life it that you do what makes you happy. Life is crazy but what is even more crazy is the optimistic growth of careers there is to choose from. The responsibilities taken through the career are broad but mean well. Being an independent person is the main key to success even in everyday life. Contacting clients, and setting up meetings to make people stress free is the goal every day. Caring for the clients and preparing the clients with new information become more of a hobby. Taking the necessary risk to produce the financial...
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... Professional Knowledge and Abilities Impact Career Success In this paper I will point out how an association to an organization can impact an Individual’s career. This essay will go as far as to explain my interest in a professional organization; it will also demonstrate how that organization can enhance one’s professional knowledge and abilities, and how the association to an organization can impact a career in the accounting field of business. In order to do this I must define accounting, its purpose and its four major types of accountants first. The American Institute of Public Accountants defines accounting as “The art of recording, classifying, and summarizing in a significant manner and in te rms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof (Wikipedia.org 2010)”. In other words, accounting is basically about keeping track of the money, and is what businesses use to monitor their income, expenses, and assets over a period of time. Accounting is crucial to the functioning of all organizations it plays the important role in maintaining and processing all relevant financial information that a company requires for its managing and reporting purposes. There are many sectors in accounting one can focus their career on. The four major Accountants are Public, Management, Government, and Internal Accountant. Public Accountants perform a large variety of accounting, auditing,...
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...re-orient itself to meet the changing requirements of the communities it serves. As a result, Chartered Accountants (CAs) are in greater demand than ever. CAs are engaged in all areas of professional accounting and enjoy rough equal public accountancy rights throughout Canada, helping individuals and businesses sort through the maze and plan strategies for a successful future. The financial information that professional accountants provide is the lifeblood of business and society. Because its impact is far reaching, the accounting profession opens huge career possibilities. The in-depth business skills you develop as a CA prepare you for most positions in management and provide access to the top jobs in business. The purpose of this report is to help me find a career as a CA in Canada with all vital information about the current status of CA career, its potential in coming years, where to pursue study in CA, where to search for jobs as a CA, experience to be successful in this career through different sources such as books, website, forum, blog, journal and newsletter. THE STRUCTURE OF PROFESSIONAL ACCOUNTING IN CANADA Canada, like many other countries, has more than one national professional accounting organization: The Canadian Institute of Charted Accountants (CICA), the Certified General Accountants’ Association of Canada (CGA), and the Society of Management Accountants of Canada (CMA). The CICA could be compared to the AICPA...
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...[Introduction] Two major careers that individuals tend to pursue their career in are accounting and psychology. [Accountants have many duties and tasks such as preparing, examining, analyzing accounting records, and other financial reports. Accountants compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. Accountants analyze business operations, costs, financial commitments, and obligations to project future revenues and expenses or to provide advice. Accountants also prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities. They also develop, maintain, and analyze budgets, while preparing periodic reports that compare budgeted costs...
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...encourage students to take up Bachelor of Science in Accountancy as their college course, so that quality graduates will meet the demand in the field of accounting profession. This paper also helps high school teachers, parents and guidance counselors on how they can influence students to take up BS Accountancy in their tertiary level. On the other hand, it also informs the students on the advantages of being accountancy major and an accountant in the future. Factors Affecting Students’ Choice of Bachelor of Science in Accountancy as Major A Review of Related Literature and Studies Accounting as defined by Webster is the system of recording and summarizing business and financial transactions and analyzing, verifying and reporting the results. On the other hand, Accountancy is the profession or practice of accounting. Bachelor of Science in Accountancy prepares students for careers in accounting firms, financial institutions, public sectors, and financial departments of companies. It is an in demand course since there is an upward trend and opportunities to accountancy graduates and these graduates are expected to experience much faster employment than the average in this decade. Thus, colleges and universities are in need to produce a sufficient supply of quality graduates available to enter the profession. This literature review searches for the factors influencing students’ choice of BS Accountancy as their college course...
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...The author, William, explored the role of CMA (Certified Management Accountant) certification and IMA (Institute of Management Accounting) play in accountants’ and financial professionals’ career story through this article” growing your career”. The CMA is the globally recognized, and advanced-level credential appropriate for accountants and financial professionals in business. It is the key to greater career potential. As the author mentioned, there are several characteristics in the CMA credential. That is prestigious, professional, rigorous, empowering and competent. The CMA covers the in-demand skills for accountants and financial professionals in business needed on the job today as a professional and as a leader. Pursuing the CMA certification makes difference for whom want to obtain the combination skills of accounting and finance. For the compensation, the “gold standard” of management accounting credential also makes a difference. Professionals who hold the CMA credential on average earn $34,000 more in annual total compensation than their noncertified peers.* Whether candidates want to enhance the value that brings to the current position, or expand their career potential, the CMA will help them set the standard for professional excellence. IMA, the worldwide association of accountants and financial professionals working in business, empowers accountants and financial professional to drive business performance. IMA is committed to help the members which are more than...
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...“Careers in Accounting” Tony Gantt Prof: Arora Acc 100 Nov. 28, 2015 It is always hard to give the exact number of individuals who have majored in accounting, but one thing that I know is that the demography is very wide. This is because they have different reasons for majoring in this career path. The most common facts as to why all people choose this major is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing large and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career paths that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating languages in the world of business and this is why many chief executive officers hold a degree in this field. In the today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who...
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