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Professional Knowledge and Abilities

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Professional Knowledge and Abilities
Laurie Mack
GEN200
October 11, 2010
Adam Rhein

Professional Knowledge and Abilities 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, tax, and consulting activities for their clients, which can be corporations, governm ent, non-profit organizations, or individuals. Management Accountant record and analyze the financial information of the companies, and some of the responsibilities are budgeting,

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