...Emily O’Neil My Semester Journey “It is our choices, Harry, that show us what we truly are, far more than our abilities” ― J.K. Rowling wrote in Harry Potter and the Chamber of Secrets. This quote accurately describes my journey this semester of trying to make the correct choice on a major in college. Based on what I choose as my major will show other people who I truly am, not because of what I have accomplished already in my life. Abilities and skills don’t mean anything until you can prove yourself and make the right choices in life. For instance, you could be very good at math and decide to choose a major that has a very light coursework so that you could easily graduate without any problems. Making this decision would be wrong and would show others that the real you aren’t motivated or determined in life. The major that I choose will be something that will challenge me during college and will also agree with my skills. Thinking back to August, I was choosing a major between about three different options. I knew I was interested in animals, construction, and math, but I had no idea how or if I could ever combine the three interests. In the back of my mind, I knew I wanted to challenge myself in college so that I would actually be able to get a high paying job in the future. I knew that choosing a challenging major would pay off in the long run and employers would then see who I truly was, a determined, hard-worker that will do anything to succeed. This is how I coincide...
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...Everyman, like other morality plays, seeks to present a religious lesson through allegorical figures representing abstract characteristics. The play centers on the life of everyman, a wealthy man, who is suddenly called by death to appear before God for judgment. On his journey to meet God, he seeks assistance from lifelong companions Fellowship (Friends), kindred and cousins (family), and Goods (material wealth), but all abandoned him. Because he has neglected her in life, good deed is too weak to accompany everyman on his journey. She advises him to call on knowledge (awareness of sin). Knowledge escorts everyman to confession, who directs him to do penance. In the process of everyman’s penance, good deed is strengthened and is finally able to accompany everyman to his final reckoning. Everyman, now wearing the garment of contrition, continues his journey. Until now it was a quest for spiritual health but increasingly it is showing the qualities of a pilgrimage to salvation. Everyman, knowledge, and good deeds are joined on the journey by beauty, strength, disgretion, and five wits. After donating his wealth to charity, Everyman follows the advice of knowledge and five wits and receives the sacraments of communion and extreme unction. Meanwhile, knowledge and five wits converse on the subject of corrupt priests in the church. Approaching his grave, Everyman is again deserted by all his companions except knowledge and good deeds. As the story closes, knowledge remains...
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...Accounts Payable, Fixed Assets, General Ledger, Management reporting, external reporting), Inventory or cost accounting department Internal Audit and Financial Planning and Analysis. Typically accountants compile data and record transactions through journal entries. They also analyze results and make recommendations on process improvements. There are many different kinds of accountants...some of the careers overlap and some don't. Your level of education/experience will determine how much money you make. FINANCIAL/MANAGERIAL ACCOUNTING Staff accountants are employed in a wide variety of industries and perform a wide variety of tasks. Every business is different and every company needs at least one accountant to keep the books in order. Specializations could include inventory, cash, receivables/payables, payroll, purchasing, credit approval/collections, and the list goes on. Financial accounting focuses on "financial statements" which are required by the SEC, and Managerial accounting focuses on measuring costs. TAX/GOVERNMENT ACCOUNTING More than just processing tax returns for individuals, tax accountants have extensive knowledge about other entities: corporations, partnerships, non-profits, and so on. Many CPAs are assumed to be tax accountants because many small CPA firms do just that for their clientelle, but a CPA can basically have their pick of any accounting career they want. Additionally, the government needs accountants too...and the list of agencies abound. ...
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...This is a critique on the paper Stability and change: an institutional study of management accounting change written by Associate Prof. Dr. Siti Nabiha Abdul Khalid and Proffesor Robert W. Scapens Purpose The purpose of this paper, as stated on the first page, is to explore the relationship between stability and change within the process of accounting change. It focuses on the ceremonial implementation of value-based management and how key performance indicators can become decoupled from day-to-day activities which thereby creates a level of stability which can be ultimately contributed to the accounting change. Theoretical Framework This paper uses the framework set out by Burns and Scapens (2000) which is mainly based in Old Institutional Economics (OIE). In this paper institutions are defined as “The shared taken-for-granted assumptions which identify categories of human actors and their appropriate activities and relationships”. (Siti-Nabiha, A. and Scapens, R. (2005), Stability and change: an institutional study of management accounting change, Accounting, Auditing & Accountability Journal, Vol 18, No. 1, pg 46) Burns and Scapens argue that, when a particular management accounting practice is decided on, that over time this practice becomes accepted as “the way things are done”. The behaviour is disassociated from the original reason for the choice of this practice and comes to be applied in a rule-like manner and as a routine activity. The original...
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...Company’s Journey Toward Cost Management by J. Callan, W. Tredup, and R. Wissinger written for the July 1991 publication of Management Accounting a comprehensive view of the amount of work involved in revamping a company’s accounting system is given. Elgin Sweeper Company is a 76 year old leading manufacturing company of street sweepers’ worldwide. This paper will review the research and application of such a change. Purpose of Research Elgin Sweeper Company came to identify issues within the company that was affecting their bottom line. The company process involves a great deal of raw product and production planning. As the company began to examine their cost management procedures they found that much of their front end management were not included in the process of budget formulating or accountability. Top management personnel were creating the budgets and not explaining to their subordinates the issues that were at hand. The corporation decided that it needed to invest in their people and not some big accounting system. They needed to teach their staff what a budget was and how their individual areas affected that budget. There was a need and the research proved there was a problem with how their accounting system was currently working and not working. Target Audience This article is geared toward any company who is looking for ways to improve their bottom dollar. It would be beneficial to anyone who is studying for not only any type of accounting program,...
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...9/02/2015 YOUR JOURNEY INTO ACCOUNTING CHAPTER 1 Decision making and the role of accounting • Accountants – Not just ‘bean counters’ or ‘number crunchers’ – Varied and interesting work in a variety of roles – More focus on analytical and communication skills • Non-accountants PowerPoint Presentation by Phil Johnson ©2015 John Wiley & Sons Australia Ltd LEARNING OBJECTIVES 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Outline the dynamic environment in which accountants work Discuss the nature of decisions and the decision-making process Outline the range of economic decisions made in the marketplace Explain the nature of accounting and its main functions Identify the potential users of accounting information Apply information to make basic economic decisions Describe the role of accounting information in the decision-making process Compare accounting information for management and external users Summarise how the accounting profession is organised in Australia Identify the different areas of the economy in which accountants work Identify the importance of ethics in business and accounting and how to recognise and handle ethical dilemmas as part of the decision-making process. YOUR JOURNEY INTO ACCOUNTING • Accounting – Not ‘boring’ (mostly!) – Much more than just bookkeeping – Dynamic environment – The language of business • If you don’t have some understanding, you’re not in the conversation – Benefits of basic understanding ...
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...Why I Pursued my MBA February 8, 2010 MGT/521 Richard Bowman In choosing to pursue my masters in business management (MBA) I never imagined the journey that was ahead of me. The choice to earn my MBA was strictly goal orientated. To stay on task and be focused, I had to set smaller and more attainable goals to help prepare for the end of my journey. When deciding to obtain my MBA it was understandable that there were going to be several obstacles in my way. I found it was easier to start the journey with smaller obtainable units that would reward and keep me focused on the end of the journey and the prize. The journey of obtaining my MBA has been enlightening, revealing and harder than any one person could have ever described. I have had to be driven to achieve my goal for an education. My desire, my determination, obtainable goals, mentors and support have all helped keep me on the road to the prize. Personality tests can be a useful tool to show attributes, preferences, weaknesses and can assist a person or give them a better insight as to this person’s behavior or work style. Personality tests can incorrectly label a person or incorrectly categorize a person. After taking the Jungian 16-Type Personality tests, it was surprising to find that some of the analysis such as defining me as a Type A personality was dead on. The personality tests viewed me as ENFP which was a shock to me. The description and job suggestions matched were nothing...
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...Above all, challenge yourself. You may well surprise yourself at what strengths you have, what you can accomplish - Cecile M. Springer. My greatest passion in life drew me to University of Maryland, in particular the Robert H. Smith School of Business. My journey in life since I was in middle school was to become an Accountant. It is my ultimate goal to become a Chief Financial Officer (CFO) and I believe that the Business School will help make that a reality. I am an ambitious, hardworking, and enthusiastic individual. Since middle school I have enjoyed problem solving and analyzing. I had the opportunity to help my Uncle prepare taxes for his clients, therefore, wanting to get an education in accounting. I am a sociable individual who gets...
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...about it?” mother asked for my answers after elaborating an accounting phenomenon. In the beginning, I would seek for suitable answers quickly, but in many instances, I cannot provide satisfactory answers in that it was beyond my comprehension at that time. Then, my mother, a senior auditor, expounded it clearly with in-depth accounting expertise. It can be said without exaggeration that mother is my idol. Through case-based learning, I got a general understanding of accounting and came to apprehend accounting plays indispensable and significant roles in corporations’ development. Offering actual accounting statements with effective verification systems could cut down corporations’ expenditures and prevent deceptive accounting behaviors in accounting market. Under such osmosis, I gradually cultivated basic perceptions of accounting and triggered me to dig more in accounting. In undergraduate period, I decisively concentrated on accounting to elevate professional qualities via taking accounting courses. Principles of Accounting familiarized me with accounting rules, accounting cycles and financial accounting reports, which made me realize accounting serves as another magical language to analyze corporations from unique perspectives. Furthermore, Management Accounting afforded me a superb access to managerial strategies in authentic business world. And veritable case studies consolidated my understanding of accounting theory. Cases of QC crushing defeat illustrated the crucial importance...
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...Corporate Governance is a Journey not a Destination. Discuss. Submission by Patricia Mbatia Definition of Corporate Governance: The system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of the many stakeholders in a company - these include its shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure. Corporate governance became a pressing global issue following the 2002 introduction of the Sarbanes-Oxley Act in the U.S., which was ushered in to restore public confidence in companies and markets after accounting fraud bankrupted high-profile companies such as Enron and WorldCom. Most companies strive to have a high level of corporate governance. These days, it is not enough for a company to merely be profitable; it also needs to demonstrate good corporate citizenship through environmental awareness, ethical behavior and sound corporate governance practices. These programs are ongoing and hence form the journey to good corporate governance. Corporate governance stands for responsible business management geared towards long-term value creation. Views of corporate governance are shifting from mere obligation...
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...of 2000. Biotech indexes performed well and the private biotech sector was also up, raising $2.9 billion (1) (also see appendix: 1). Moreover, according to the recent IMS world review and McKinsey Global Institute Report, USA remains on top with 444 billion USD projected pharmaceutical markets by year 2015 (2). These emerging trends in biotechnology sector prompted several others like me to explore the path of bioentrepreneurship however, after investing my past 15 years as a pure biomedical researcher the language of accounting is as foreign to me as any biotechnological lingo for an accountant. Thus I started to acquaint myself with this new business language. I firmly believe that a journey of biomedical scientist starting from bench side (of a basic research laboratory) to the boardroom (of a business entity) is not going be easy. Therefore, it’s necessary for any bioentrepreneur including myself to understand and implicate the basic accounting principles and practices from the very beginning of the business. Research & development, mergers & acquisitions, revenue recognition, cost capitalization and contract research are few fundamental...
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...The Blues Brothers Hero Cycle In The movie "The Blues Brothers" (1980), the main character Joliet Jake Blues travels the hero's journey along with his brother Elwood, to save the orphanage in which they grew up. They face many obstacles along this journey and receive help from many different sources. The call for the journey comes after Joliet Jake's release from prison, he had vowed to visit the mother nun at the orphanage they were raised in, and was now forced to go by his brother. Once they arrive they are soon greeted by their friend and mentor Cab Calloway an old friendly janitor from the orphanage who tells them that the bank wants to foreclose on the land. Although it is never stated it is inferred that the mother at the orphanage scared Jake with the concept of evil, and wanted to go on this journey in order to cleanse himself of this evil. This is a transformative crisis because Jake has never before been a religious man, he has never before worried about the after life. It is a sudden irrational fear which derives from the lecture which the nun gave them upon their return to the orphanage. The Threshold is overcome when the blues brothers visit the church of Reverend Cleophus James who inspires Jake and Elwood to reunite their former band, The Blues Brothers, in order to earn enough money to save the orphanage. Jake is touched by the reverends sermon he is scared into action by the idea of eternal damnation. He has an epiphany during the church's gospel...
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...a) INTRODUCTION ACKNOWLEDGEMENT Praise to Allah for six (6) months I undergo my internship that begins on early February this year till end of July, I finally successfully completed my Industrial training report. For the remaining days that I have to continue my training in order to complete my course, I pray to Allah hoping my journey is in His bliss. I also would like to extend my thankfulness to the most precious persons in my life, my father and mother for all their moral support, financial support and also to my friends for never ending reminding me to always be honest and trustworthy during my training here. As for my supervisor from Universiti Teknologi Mara Kampus Seri Iskandar Perak, Puan Naimah Binti Zaini. I thank you for all the reprimand and guidance as it is very helpful for me in completing my report. Last but not least I would like to extend my appreciation to my industrial supervisor (k.cik/) and (k.ika ) for their advices and patiently guiding me through while I working here as a trainee. Not forgotten for all the staffs working at Khatulistiwa Corporate Services Sdn Bhd, I am obliged to staff members of Khatulistiwa Corporate Services Sdn Bhd for the valuable information provided by them in their respective fields and I very much appreciate for their entire kindness helping and teaching me when I’m working there. I am very lucky to have such a helpful colleagues and I never felt left out in any situation. I am entrusted to undergo...
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...Tax Accounting Career Path Intermediate Accounting II- Spring 2014 Submitted to Dr. Jeffery Hillard Dante Pennix Sr. April 21, 2014 My goal is to become a Certified Public Accountant while achieving the goal of owning a lucrative CPA firm. One of the great benefits of choosing tax accounting as a career is that you will always have a job when you graduate. Tax accountants and CPAs will always be in high demand as long as the globalizations of marketplaces continue to develop. Tax accountants also create tax strategies to reduce the amount of taxes a client owes while remaining compliant with GAAP and tax laws. The qualities of a tax accountant consist of begin able to be organized, competent, have an attention to detail, ethical, and most in important effective communications, both written and verbal. For example, common responsibilities for tax accountants include preparing and filing taxes, financial planning, completing continuing education credits, and researching and reviewing past tax filings. In summary, the career path of a tax accountant and CPA is very tedious and technical but overall, the journey is worthwhile. The reason why I elected tax accounting as a career path was because of the stability and longevity that it holds. Another reason I choose this career choice was for the challenging and gratifying work that it brings. Tax accounting is a specialized field because of the ever changing rules in the accounting arena as with new regulations and laws of the tax...
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...Wandering through the vibrant, bustling streets of New York City, I cannot help but to look around and see what an incredible impact the ever-advancing businesses and technology has on the world. As part of my childhood dream, thriving in a city, New York City, that is the world leader in international finance and business, inspired me to set out on the journey to the U.S. three years ago. With a longstanding interest in business, I have chosen to pursue Accounting as an undergrad major because I consider it a tool to break into the business world. For me the most interesting part of Accounting is the problem solving aspect. It is intriguing that everything has order and method, and each piece is placed carefully and related back to its context....
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