...Information Technology Age Mona McQuaig LEG500 Introduction Magnificent Bookkeeping Accounting Firm Inc., is a trusted bookkeeping and accounting firm in the local community, that has been in business for over 10 years. We offer employment opportunities to up and coming accountants in hopes that they will become a part of our magnificent firm and/or move on representing our firm as a great educator of successful accountants. Recently we have experienced a few challenging employees and this report will discuss how we address those issues with those employees according to the situation, our company policies and the employment at will doctrine. Upon employment with our company, in any capacity, employees are orientated on our mission, goals and values, their responsibilities and expectations, as well as, educated on the employee handbook in great detail. All employees are giving in written and are signed in agreement that employment with Magnificent Bookkeeping Accounting Firm Inc., is at will; that neither the firm nor the employee has an expressed or implied a contract of employment and employment can be terminated at any time by either party. Skills, Competence, and Abilities Magnificent Bookkeeping Accounting Firm Inc., has an excellent recent graduated hiring program. The program offers the graduates the opportunity to work while gaining experience in the accounting profession. The graduates are expected to meet set goals, attain certain skills and complete...
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...Montana 24.201.502 ACCOUNTING AND AUDITING EXPERIENCE REQUIREMENTS (1) To be issued an initial permit to practice under 37-50-203, MCA, an applicant must provide evidence of acceptable accounting and auditing experience. (2) Accounting and auditing experience will be considered acceptable by the board if satisfactory evidence is presented of having performed accounting and auditing functions ordinarily required in the practice of public accounting, provided this experience: (a) be attested to by a holder of a permit to practice; and (b) takes place in the three years prior to the date of the application for permit to practice; and (c) includes at least 12 calendar months (2000 hours actual work experience) of private, governmental, academic, or public accounting work acceptable to the board. Washington The experience must: * Be obtained through the practice of public accounting and/or employment in industry or government. In certain situations employment in academia may also provide experience to obtain some or all of the competency requirements. It may also be obtained through one or more employers, with or without compensation, and may consist of a combination of full-time and part-time employment. * The employment experience should demonstrate that it occurred in a work environment and included tasks sufficient to have provided an opportunity to obtain the competencies and: * Total a minimum of 12-months (this time period does not need to be consecutive); ...
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...Abstract The need for accounting graduates continually grows in this decade. The US Bureau of Statistics projected that there will be a 15.7% increase in the number of accounting jobs between 2010 and 2020. This increase in demand gives the importance to study and understand the factors that motivate and 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...
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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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...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 a fast-paced and deadline-oriented environment. Also, a considerable amount of accounting requires a teamwork environment. Accounting is constantly changing and because it covers such an extensive array of complex areas, no...
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...START YOUR CAREER IN ACCOUNTING For as long as civilization started engaging in trade, accounting has been around. Evidence of financial records exists from as early as the Greek and Roman Empire. As civilization developed, accounting became more complex as well. For centuries, accounting standards stayed fairly unchanged. However, in the past decade, the accounting industry experienced many changes. From the company scandals to big mergers, we have seen the world of accounting transform. Today, it is one of the largest growing industries in business. “The Bureau of Labor Statistics projects 15.7% employment growth rate for accountants between 2010 and 2020” (US News). This growth rate is higher than any other profession, which makes accounting an excellent career choice for BBA graduates. To get started on your career path in accounting, here is what you will need to know. RECENT TRENDS IN ACCOUNTING Accounting has a reputation of being boring, but recent events prove this statement wrong. This year is an exciting and challenging time in the industry as one can expect to see more changes as the industry redefines itself. New Auditing Regulations: As Rapoport states in his recent article, “the annual audit report is about to get an extreme makeover.” The Public Company Accounting Oversight Board plans to propose new rules that will require auditors to put more information in their report. Contrary to the current pass-fail system auditors use in their report...
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...easily compare financials from global markets, it will also benefit accounting and finance professionals in the same way. I believe the convergence will prove to be a valuable asset for professionals, as it increases transparency and comparability, it will also allow CPAs and analysts to provide more insightful information to their clients or companies. The convergence will also enable professionals to market their IFRS knowledge and generate more leads or employment opportunities than ever before. Post convergence issues and challenges will leave business in both the U.S. and foreign companies needing well-equipped CPAs and analysts to assist in facilitating the great change. U.S. professionals will not only be able to generate more native business, but will also be able to access cross-border opportunities. George, Ferguson, & Spear (2013) predict that audit fees alone will increase approximately 23% in the first year of IFRS adoption. While this is a significant boost in fees for U.S. companies, it will also boost employment opportunities and revenue in the accounting and finance sector. It is extremely important for professionals to begin familiarizing their selves with IFRS, not only to enable themselves to meet the needs of their clients after the convergence, but also to consult companies on the most efficient and effective strategies to facilitate the change. It is an optimal time for accounting and finance professionals to cash in on their skills and prepare...
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...Job Description ACCOUNTS PAYABLE ANALYST (Job Number: 1405846)ACCOUNTS PAYABLE ANALYST LOCATIONKUALA LUMPUR EMPLOYMENT STATUSFULL TIME REGULAR ABOUT THIS JOBBaker Hughes Regional Accounting Centre (RAC) is looking for an Accounts Payable Analyst to support the Accounts Payable function for Eastern Hemisphere. This role is based in our service centre that is located in Kuala Lumpur, Malaysia. KEY RESPONSIBILITIES / ACCOUNTABILITIES * To review all payment proposals that was submitted * To approve and release payments in banking platform that is submitted by departments * Handling all payments queries ESSENTIALS QUALIFICATIONS / REQUIREMENTS * Minimum Diploma or Degree in any field PREFERRED QUALIFICATIONS / REQUIREMENTS * Good attention to detail with good analytical skills. * Familiar with payments, handling proposal & queries is added advantage * Excellent verbal and written communication skills. * Advanced PC skills include Excel and SAP experience is added advantage. * Ability to handle multiple activities successfully. * Flexible in working hoursOTHER DETAILS * Great opportunity in career development with Job rotation within the Shared Service Centre. * May required to work from 8am – 5PM or 10AM – 7PM supporting the Eastern Hemisphere accounts.COMPANY OVERVIEW Baker Hughes is a leading supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. By being the service company that best anticipates...
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...The Effects of Employment on Academic Performance of Australian Accounting Students Dr Anura De Zoysa School of Accounting and Finance University of Wollongong Wollongong, NSW 2500 Australia Tel: 61 2 42215382 Fax: 61 2 42214297 E-mail: anura@uow.edu.au And Dr Kathy Rudkin School of Accounting and Finance University of Wollongong Wollongong, NSW 2500 Australia Tel: 61 2 42213148 Fax: 61 2 42214297 E-mail: krudkin@uow.edu.au The Effects of Employment on Academic Performance of Australian Accounting Students ABSTRACT This study examines factors that impact students engaged in paid employment while studying in a tertiary accounting program in a regional Australian university. It examines the differences in experience of domestic and international students. No direct significant relationship was found between paid employment and academic performance for the overall study sample. There was a positive relationship found between paid employment and academic performance with respect to domestic students. However, in the case of international students a negative relationship between paid employment and academic performance was observed. A significant positive relationship between a shift work pattern of paid employment and academic performance was found. The Effects of Employment on Academic Performance of Australian Accounting Students 1. Introduction This study makes a contribution to the literature...
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...ACCOUNTING vs. HUMAN RESOURCES Research, Comparison, and Recommendation Irina Mashevsky DeVry University Contents Introduction 1 The purpose of the report 1 Report organization 1 Sources and methods 1 Job overview 2 Accounting 2 Job description 2 Working environment and hours 2 Human Resources 2 Job description 2 Working environment and hours 2 Job requirements 3 Accounting 3 Skills and personality traits 3 Education/Training 3 Human Resources 3 Skills and personality traits 3 Education/Training 3 Employment outlook 4 Accounting 4 Current statistics 4 Salary 4 Future predictions 4 Related occupations 4 Human Resources 5 Current statistics 5 Salary 5 Future predictions 5 Related occupations 5 Job satisfaction 6 Conclusion 6 Summary 7 References 8 Introduction On average people spend 40-50 years and even longer in the work force, which makes the choice of the career path one of the most important in our lives. A satisfying career can be a source of financial security, benefits, and gives a great sense of accomplishment. This decision requires a lot of thought and research. To make the best choice possible it is important to choose a career that is compatible with an individual’s personality, capability, and background, has the opportunity for professional growth, and requires a practical amount of education and training. The purpose of the report The purpose of this report is to present, analyze, and evaluate two career choices...
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...The Journey of Accounting The employment for accountants and auditors is expected to grow by twenty percent between 2008 and 2018, which is much faster than the average for all occupations (“U.S. Bureau of Labor Statistics” 5). This shows that accounting is a profession that is very dependable to get a job in. Accounting has been around for ages as it can be traced back to Italy in the Renaissance Era. Accountant’s nature of work is to make sure that business firms run efficiently, public records are kept accurately, and taxes are paid properly and on time (1). Accounting refers to a set of business practices designed to keep careful track of accounts, funds, and transactions between a company and its various stakeholders. The system we use today to track money in business was invented in Italy during the Renaissance. An Italian merchant invented it so that he could easily summarize his results at the end of the day. The system had a simple system of checks and balances to make sure that everything he had recorded was done correctly. The Italian merchant called his system the double-entry accounting system, and it was very simple to understand (Hart 4-5). His name was Luca Pacioli, born in Sansepulcro, Tuscany. Pacioli is known as “The Father of Accounting”. Later on, as trade increased between Europe and the Middle East, business grew beyond what a single owner could even handle. This caused the need for written records so that the business owners could keep up...
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...I’m stuck! That is the simple explanation for wanting to pursue an MBA degree. I received my undergraduate degree in accounting and since graduating I have gained eight years of experience within the accounting and finance industry. Within this industry I have financial accounting experience and experience in financial analysis from working at a CPA firm, the public sector for the State of Alabama, a mid-sized insurance company headquartered here in Montgomery, AL, and now within the banking industry. With the exception of the CPA firm where I started out as entry-level, all of these places of employment I am and was a mid-level employee, where I am now stuck. To move out of the mid-level hole and into a position of management or at least a senior-level position within my current organization, an MBA is a requirement. Also, in today’s economic climate an MBA degree also creates a level of job security. An MBA degree lets people know that you have an increased knowledge of business acumen, which, therefore makes you a valuable asset to your company or organization. An MBA opens the doors of opportunity, such as being considered for advancement within my current organization, a position of higher pay and status with another company or laying the foundation to be a successful entrepreneur. Through my experience I have only worked in one environment in which an MBA degree wasn’t a requirement for advancement. As a staff accountant for the State of Alabama, they have a...
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...Employment-At-Will Doctrine Sheryl Medford-Mark Professor Ellen Kapalko Law and Ethics in the Business Environment January 22, 2013 Introduction As a manager and supervisor of an accounting department, discuss the following issues related to the employment-at-will doctrine and liability of an employer based on actions and responses to the employee’s behavior and actions. Jennifer, a recent graduate, has recently been hired by your accounting firm out of college. Upon being hired, she engages in a number of different behaviors that need your attention. * For each category of behavior, describe what steps you would take to address the situation. 1. Describe what steps you would take to address the following scenario involving skills, competence, and abilities: * The employee seems to be unable to learn the computer applications that are basic to her job responsibilities, but, consistently “tells” her boss that she is “a good worker and a genius” and that he does not “appreciate her.” Even after a few months of training and support, she is unable to use the computer tools to be productive and efficient in completing the required tasks. First, I would go back and review all documents recorded during Jennifer’s interview and most importantly her resume. All other employees’ documents that were hired in the same and/or equal positions will be reviewed as well. All employees expect to hire the best qualified employees who have the right skills, competence and abilities...
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...American Association of Retired Persons ABF Asset Based Financing ABM Activity Based Management ABMS Activities Based Management System ABS Asset Backed Security ACH Automated Clearing House AD & D Accidental Death and Dismemberment ADA Americans with Disabilities Act ADEA Age Discrimination and Employment Act ADL Activities of Daily Living ADP Automatic Data Processing ADR Alternative Dispute Resolution AE Account Executive AED United Arab Emirates AFL-CIO American Federation of Labor and Congress of Industrial Organizations AFSCME American Federation of State, County and Municipal Employers AJB Americas Job Bank ALC Alien Labor Certification ALEX Automated Labor Exchange ALJ Administrative Law Judge ALM Asset Liability Management AM Asset Management AMA 1.) American Management Association 2.) American Medical Association AMPS Auction Market Preferred Stock ANSI American National Standards Institute AP Accounts Payable AR Accounts Receivable APB Accounting Principles Board APR Annual Percentage Rate APV Adjusted Present Value APY Annual Percentage Yield ASAE American Society of Association Executives ASB Accounting Standards Board ASHHRA American Society for Healthcare Human Resources Administration ASME American Society of Mechanical Engineers ASSE American Society of Safety Engineers ATB Accountants Trial Balance ASTD American Society for Training and Development ATB Across the Board ATO 1.) Administrative...
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...I have prior Bookkeeping/Accounting experience as well as experience preparing payroll and office management. In addition I have familiarity with Peachtree, and I have experience in QuickBooks. As the attached resume indicates, I have worked in the accounting field for several years, and consider myself very capable and confident of doing any task. I have done bookkeeping both manually and with software. I have educational and work experience in all areas of business management, accounting and human resources; including payroll, income taxes, and benefit administration. My most recent employment includes bookkeeping using QuickBooks Pro. I possess strong verbal and written communication skills, and am able to work independently. My computer experience includes Windows XP, Microsoft Office, and QuickBooks Pro. If given the opportunity to work for your company, not only will you receive a hard working, well organized individual that can multi-task, but also an honest person that will be an asset to your organization. I am currently one course away from receiving a Bachelor Degree in Business Administration with a minor in Accounting and a concentration in Human Resource Management from Indiana Tech in the College of Professional Studies Division. In addition, I currently hold an Associate Degree in Accounting. My work experience has prepared me to work for a company such as yours, and I look forward to discussing future employment possibilities with you. Should...
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