...foot on campus. "We can connect with the students that have been accepted into the program – immediately – and start working with them and preparing them for fall recruiting," says Andy Rabitoy, director for undergraduate career services at the Foster School of Business at the University of Washington, which also works with students pursuing a master of professional accounting. His office helps students with several job-related needs such as interview preparation and fine-tuning their resumes. Incoming graduate accounting students at the Fisher College of Business at Ohio State University are put in touch with the career services office over the summer to sharpen their cover letters and perfect other skills that may help secure a job, says Stephen Singer, director of career management and corporate relations at Fisher. Classes begin Aug. 27 and on-campus recruiting begins the first week of September. "It's a very robust recruiting cycle," he says. Two-thirds of recruiting for students in the program takes place in the fall, he says. Most of these students are gearing up to work within one of two career paths at a public accounting firm such as KPMG or Deloitte; a small percentage will go work in other areas that leverage an accounting background. Below, experts describe the career tracks most...
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...distinguish nonprofits. Essentially they are categorized as: voluntary sector to acknowledge the importance of volunteers and voluntary action, independent sector to distinguish nonprofits from business and government, and social sector to underscore how the activities of nonprofits enhance the social fabric of our country. (Anheier & Seibel, 1990) Nonprofit organizations, unlike businesses do not exist to make money for owners or investors; instead these groups are dedicated to a specific mission. There are currently more than 1.6 million organizations. (McSween, n.d.) About one million of them are public charities that employ over seven percent of the country's work force, close to 10 million paid workers. (“What is the Nonprofit”, n.d.) Careers in nonprofit management Nonprofit institutions play an important role in community life and are an integral part of the economic, political, and social structure of our nation. The nonprofit’s primary goal s is to advance, advocate, or pursue a cause central to the organization’s existence and mission. Workdays in nonprofit organizations are often long, with financial rewards not always matching effort or responsibility. (King, 2000) Furthermore, many nonprofits face a...
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...Resources: U.S. Department of Labor, Bureau of Labor Statistics Web site and Careers in Accounting Web site Post a 200- to 300-word response to the following: There are many career opportunities in the field of accounting. Visit the U.S. Department of Labor, Bureau of Labor Statistics at http://www.bls.gov/oco/ocos001.htm for an overview of the accounting field. ? Visit www.careers-in-accounting.com for additional details such as salary expectations and general job expectations. ? Locate three job postings (within your state) for positions in the field of accounting. ? Write a summary of the educational requirements for each position, the starting salary (if listed), and a brief description of the responsibilities of the position. Audit Work in audit involves checking accounting ledgers and financial statements within corporations and government. This work is becoming increasingly computerized and can rely on sophisticated random sampling methods. Audit is the bread and butter work of accounting. This work can involve significant travel and allows you to really understand how money is being made in the company that you are analyzing. It's great background! (Find jobs like this) http://chicago-jobs.jobfox.com/accounting-finance/auditing/it-audit-manager/ad6e2a13-3a84-4261-a36c-1aeacd847fb2?source=indeed1 SUMMARY: Education: Interestingly enough this job description (found in the link above) does not detail ANY educational...
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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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...the firm. Chen wanted to develop a specialization in tax. He thought that Shorter was holding him back from his career goals and showed some confusion in his meetings with Shorter. Chen continued to ask for meetings even though Shorter seemed to have made a decision about Chen’s career path. At the end of each meeting Shorter seemed to believe that Chen and he were on the same page. • Chen was not assigned to the tax because he did not have the experience of an auditor. Shorter wanted Chen to have experience in the same field before assigning him the tax role. Shorter believed that this would make Chen more valuable to the company and his future clients. • Finally, Mike consulted Chen’s new managers and got Chen allotted the project. Initially Chen did not seem denying the project, but eventually, he refused to audit. Chen thought that he was being used because the firm did not have many senior auditors. Many managers and Mike were not happy with the Chen’s decision and developed a bad impression of him. Chen realized that his relation with the seniors was damaged and he had no future in the organization. So, he decided to resign. DIAGNOSIS: • With Shorter’s experience as a Director he had witnessed people failing at positions due to a lack of experience. He felt that Bob needed more experience and seasoning, and he did not want to set him up for failure. On the other hand Chen was confident that he could move to a tax role after passing the chartered accountant exam on...
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...Objective of the Study: The objectives of the study are: i. To identify the users of accounting information ii. To discuss how the users use the accounting information iii. To figure out the various uses of accounting information iv. To figure out the uses of accounting information in various sectors. Limitations of the Study: 1. Time constraint 2. Resource constraint Users of Accounting Information: The differences in the decisions divide the users of accounting information into two broad groups. They are: a. Internal Users b. External Users External users can further be divided into two subgroups: 1. “those with direct financial interest” in a firm 2. “those with indirect financial interest” Users of Accounting Information Internal Users External Users With direct financial interest With indirect financial interest External Users of Accounting Information: “This group is made up anyone outside an organization that uses accounting information to make financial decision.” The external users would receive limited financial information from the target company, such as general purpose financial statements; these statements have just enough information to inform external users of the company’s economic position. General purpose statements are in the area of financial accounting, which is the type of accounting aimed at supplying information to users not directly affiliated with the...
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......3 ACCOUNTING CAREER…………………………………………………..4-7 Education/Training Employment/Compensation MARKETING CARRER…………………………………………………………………8-10 Education/Training Employment/Compensation CONCLUSIONS AND RECOMMENDATIONS……………………………...11 REFERENCES……………………………………………………………….....12 . INTRODUCTION Choosing the right career is a choice that everyone should approach with a clear conscience and plenty of knowledge on all of the options, weighing the pros and cons of each career, and ultimately choosing the best career that will satisfy their goals in long term options for him or her is to some degree a bit difficult. Studies show that most people at one point in their life face the predicament of choosing between two or more professional careers that is why is fundamental to questions a professional contact, friend, co-worker or even a client when making this choice: What are your abilities?, What’s your work style? Where do you want to work? Do you have people skills? Do you want to do social networking? How you will be able to balance your work and your social life? How do you deal with stress? And How must important how much money do you want to make? But also consider the educational training that you will need for a particular field. The final career choice and ultimate option should be the one that include guidance from a career counselor or school advisor. In this report, the previous questions will be explored in order to choose between a career in accounting or...
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...Certified Public Accountant Process Jenna M. Stienstra Southwest Tech Abstract A certified public accountant (CPA) is an individual who has passed the very difficult CPA Exam and been licensed by one of the 50 United States or one of five other jurisdictions. The CPA license is renewed if the individuals continue to follow the state's requirements, including professional education credits. Following the process, knowing the salary difference, and understanding what CPAs do from day-to-day are all important factors. Many changes are being made to the CPA Exam in the near future, so individuals who are planning to take the exam should be aware of the changes that will be incorporated into the upcoming versions. Keywords: CPA, process, advantages and disadvantages, exam, license, salary. CPA Process Anyone who has known a CPA has probably heard how much he/ she had to study and how difficult it was to obtain a CPA license. However, even though it takes additional college education and studying to pass the CPA Exam, it is worth the effort because of the promotions, increased pay, and more credibility that are given to individuals with a CPA license. The CPA Exam is not like any other exam, and the profession does have its pros and cons, just like any other business. What is the CPA Process? Becoming a CPA requires the individual to follow four steps in a sequence. First, the person must graduate from high school. Having a General Education Development (GED) is...
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...Assignment 1: Careers in Accounting Isaac I. Huff Strayer University Assignment 1: Careers in Accounting When it comes to pursuing a career in the accounting field, there are many options. According to AccountingEDU.org there are four primary fields in the arena of accounting. Public accounting, Management accounting, Governmental accounting, and internal auditing are the primary fields with many sub-fields that can be entered into. Accounting, of all types, is a constant demand field. A brief search with the term “accountant” yielded over 500 results on USAJobs.gov alone. Two of the accounting fields that interest me most are Forensic Accounting, and Tax Accounting. These two areas appear to be the most involved and ever changing areas in accounting. A Tax accountant is accountable for the collection of tax-related information, reporting to taxation authorities at the federal, state, county, and local levels in a timely manner, and advising management on the tax impact of various corporate strategies. And a Forensic Accounting is the examination of financial records that will lead to or result from litigation. The results of a forensic accounting investigation can be used as evidence in court, and so are usually heavily documented. With the ever-changing US tax code and the increased scrutiny that business is beginning to face, due to things like the Sarbanes-Oxley Act, these two areas can be the difference between jail and smooth operation. Forensic Accounting is a...
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...retain donors. Summary slides from the Friday discussion sessions are available at http://www.fda.gov/cber/summaries.htm. There was apparent consensus on many key points: * Successful programs are multifaceted, drawing on expertise in customer relations, advertising, public relation and, marketing. Such programs exhibit a culture of innovation and hard work. * The most successful programs have all staff members encouraging and thanking donors. * Donor recognition is an important component of a successful program. Recognition does not mean providing incentives or gifts to donors. Recognition means acknowledging donors altruistic contribution at each donation, with special recognition at milestones of their donation career such as a public thank-you for multi-gallon donors at a celebration dinner. * Successful advertising campaigns are keyed to an emotional appeal. They put a human face on the transfusion recipient and the donor. (Pictures of empty blood shelves do not work.) * Advertising increases awareness, but does not automatically result in more donors. To put a donor in the chair, the donor must be directly asked – preferably one-on-one. * Corporate...
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...General Manager, Public Relations & Investor Relations Office Tel: +81-3-3457-2100 Notice on Toshiba’s New Management Team and Measures to Reform of Governance Structure, and Outline of Correction of Past Financial Statements and Financial Forecast Toshiba Corporation (the “Company”), has taken the causal analysis and recommendations on prevention of recurrence contained in the report of the Independent Investigation Committee very seriously, and established a Management Revitalization Committee to intensively discuss a new management team and reform of corporate governance, the members of which Committee include the Company’s four Outside Directors, a certified public accountant and an attorney-at-law, plus independent observers. Today, the Company hereby announces that candidates for the new Board of Directors have been decided, as in Attachment 1, and also announces an outline of the measures for reform of governance structure that have been discussed by the Management Revitalization Committee up to today. The Company is currently taking necessary procedures to correct and restate past financial results, and to finalize financial results for fiscal 2014, following the Company’s receipt and subsequent close examination of the investigation report received from the Independent Investigation Committee on July 20. Now that the outline of amounts to be restated in the past results and the forecast for fiscal 2014 including consolidated income (loss) before ...
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...Vail Resorts is “the premier mountain resort company in the world and a leader in luxury, destination-based travel at iconic locations”. (Vail Resorts A) Vail resorts started over 59 years ago when work began in January of 1962 on their first ski area in Vail Colorado. By December 1962 Vail Mountain opens for skiing with two chairlifts, one gondola and only a $5 lift ticket for the day. In the first season of business the mountain recorded 55,000 skiers. Since 1962 Vail Resorts has grown tremendously. They own and/or manage 29 properties. This number grew greatly with the purchase of Rock Resorts in December 2001; Rock Resorts was started in 1956 by Laurence S Rockefeller. With the purchase of Rock Resorts this expanded Vail Resorts from just a skiing mountain resorts to having destinations all across the country and into the Caribbean. Vail Resorts does not just own hotels and ski areas. They now have outlets in retail, transportation, real estate & development, and even media. (Appendix A) Vail Resorts states that their mission is very simple “Experience of a Lifetime” (Vail Resorts B). One of Vail Resorts Master Development Plans for the current fiscal year is for a complete redevelopment in Breckenridge at the base area of Peak 8. Since Breckenridge is the number one ski destination in the world (Vail Resorts) Vail Resorts and the town of Breckenridge want to update the older buildings to create a newer more modern mountain base. This includes new restaurants...
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...The Role of Accounting on Business and Our Society Strayer University Professor Powell August 27, 2014 The Role of Accounting on Business and Our Society Anyone considering accounting needs to assess whether this career fits his or her interests, abilities, and aspirations. There are certain qualities and qualifications that a person should consider before making a commitment to a particular career field. Selecting a career can take a lot of time, and many people do not choose until they are adults. Contributing to the difficulty in choosing a career is the vast number of vocations from which to choose. The field of accounting alone covers dozens of types of accountants and dozens of jobs. In trying to decide whether accounting is an appropriate career choice, a person should talk with bookkeepers and accountants that have years of experience. Ask questions about their daily work requirements, their likes and dislikes about accounting, and how they became interested in the profession. Questions such as these can give a person insight into the profession and help in considering accounting as a career. Accounting is a system used to provide financial information about a business or person. Accountants prepare and analyze financial records for individuals, companies, governments, or other organizations. Accounting is a basic need for every business, and the term business has been broadened to mean any operation that deals with money. That includes families...
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...interoffice memorandum to: | Managing Director | from: | Christy Edwards | subject: | different Types of Vechiles you can you to miniMIZE INCOME TAXES, cAPITAL gAINS TAX, AND ESTATE TAXES | date: | May 7, 2013 | cc: | [Name] | | STEVEN STEWART | There are many ways to save on all types of taxes here are just a few. The different types of Methods you can use to minimize Income taxes, Capital Gains Tax, and Estate Taxes. Income Taxes 1. Earned Income Credit (Having Children living in the home can give you an EIC credit) 2. Itemizing Deductions (mileage for work and uniforms) 3. The Alternative Minimum Tax (has a larger exemption. When the exemption goes up, you can save on your tax bill if the ATM applies to you. For single taxpayers the exemption is $46,200. For married taxpayers filing jointly the exemption is $69,950. 4. First Time Homebuyer Credit : (The First Time Homebuyers credit allows you to get back some of the money you paid on your home) 5. If you work at home you can earn a credit for having an office at home. 6. Business Miles Deduction: If your business does not cover your mileage when you travel. 7. Midwest Disaster Tax: If you live in the Midwest disaster area affected by severe storms, tornadoes and flooding. 8. Residential Energy Efficient Property Tax Credit (If you have installed solar panels or energy saving appliances in your household. Capital Gains Tax Your capital gains rate could be 0% this year. If you...
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...& ASSOCIATES, P.C A common myth about nonprofit industry is that nonprofit is similar to “charitable.” This summer, I am interning with an accounting firm focused on the nonprofit industry so I had an opportunity to break the myth about the industry and see a new career direction. The company I am interning with this summer is Sommerville & Associates, P.C in Arlington, Texas. The company assists individuals and nonprofits with their tax and compliance relative needs. I. Company background: Sommervile & Associates, P.C was incorporated in 2002 under the name Ratliff & Sommerville, P.C. The firms split in 2009 into Sommerville & Associates, P.C doing tax practice and Ratliff & Associates, P.C doing financial statement practice. The firm’s operating philosophy is that highly trained professionals work directly with clients to bring immediate impact to the issues. The firm endeavors specifically to train staff to be knowledgeable in areas of our practice involving our nonprofit clientele. It is with intentional thought and intent that the firm has specifically chosen to focus our practice in this particular area in order to provide the highest level of service to the clients. The tax team prepares Forms 990 which is one of an organization’s most powerful public relations tools. Therefore, it must be prepared in a manner that has a positive impact on all other readers and users of the Form 990. Additionally, the Form 990 provides the platform necessary...
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