...You are working as an accountant Click Link Below To Buy: http://hwaid.com/shop/you-are-working-as-an-accountant/ Organizational Analysis & Design Plan: Project Description and Scoring Guide Use logical reasoning based on your tax research to explain why the client should choose your recommended business entity. Consider referencing appropriate tax code and regulations. 1. Defend your business entity recommendation by describing the accounting method. Consider the advantages and disadvantages of the business entity based on the following: 1. Cash basis vs. accrual 2. The cost to prep the returns 3. The tax benefits 4. The limited liability protection 5. Employee benefits C. Interpret the tax law pertaining to the type of business recommended and justify your recommendation using details consistent with tax law, code, and regulations. The scenario: Prompt You are working as an accountant at a mid-size CPA firm. One of your clients is Bob Jones. Bob’s personal information is as follows: DOB: October 10, 1952 SSN: 444-00-4444 Marital Status: Single Home Address: 5100 Lakeshore Drive, Pensacola, FL 32502 Bob has a very successful used car business located at 210 Ocean View Drive in Pensacola, Florida. Last year, you filed a Schedule C for Bob that had $1,200,000 in taxable income. The business will have an income growth rate of 10% per year over the next several years. Bob’s personal wealth, including investments in land, stocks, and bonds, is about $14,000...
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...Be the person that your parents know you can be. As senior year approaches there are millions of choices. Dealing with reality and a busy schedule the limits of self-worth are pushed to the max. The 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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...application of numbers. If you want to be 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...
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...Question A As what we understand for the words of Professional Accountant is who has experience and skills in establishing and maintaining accurate financial records for a business. Accountants’ works including control the system of record, auditing books and prepare a financial statement (Hossain, 2013). The accounting profession in Malaysia is controlled by the Malaysian Institute of Accountants (MIA) through the powers discussed by the Accountants Act, 1967. In Malaysia, we needed some certificates to show that we are accounting educated so that we are having the abilities to work as certain company’s accountant. Those certificates are known as ACCA, LCCA, CIMA and also MICPA. Start from few years back, Malaysia standard of requiring accountants was raised from LCCA to ACCA. With ACCA certificate, a person can consider as a professional accountant and so he or her has the ability to finish the duties. Question B In an organization, accountant plays a very important role. Without an accountant, the organization cannot work effectively (role of accountant, 2013). Accounting is a special division of knowledge. Both the accounting system and the accountant provide a very useful service to the society. There are a lot of stuff can be done by an accountant. Firstly, an accountant does bookkeeping. They keep a systematic record of the transaction in the business to ensure the organization operation. Accountant also analyzed and review budgets and expenditures for their clients...
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...Bridget: I am a Senior Accountant. Justin: So what does that entail? Bridget: I am involved in financial reporting to the State of California, to the Chancellor’s Office for the CSU system, and GAAP, I record investment income and reconciliation, I do special projects, and I do a lot of work to get the reporting accurate every month. Justin: What prompted you to be an accountant? Bridget: Well back in the 80s it was a process of elimination. I did not want to go into the medical field and I didn’t want to be an engineer. So that kind of took the sciences of the table. And I didn’t want to be an English teacher. So that left me with business. When I was in college we had four business majors. It was known accounting was the hardest, then finance, then marketing, and then management. My dad suggested to me, “Why don’t you go with accounting? Start high and if you need to drop down then drop down, but you will always be able to get a job with accounting.” And I like numbers and I’m good with numbers. Justin: Would you say your dad is a source of inspiration? Bridget: No, it was definitely not an inspired decision. It was a very logical and practical decision. Justin: That makes sense for an accountant, I’m not surprised. Have you been satisfied with your decision to go into accounting? Bridget: I would say yes. My original goal was to always be able to work. And I have never had a problem finding a job. I have a CPA and it makes you so marketable. Interestingly...
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...since I can remember, I always wanted to be an Accountant. My first job experience with some accounting was working in a bank as a teller. I know tellers do not do much accounting, but when I was training as a Head Teller we had to do some accounting and that’s when I realized that accounting is what I wanted to do. Till this day I am not completely sure exactly what field of accounting to go in, but it definitely has to be in accounting For example I love taxes, so I was thinking of working with the IRS, I even volunteer for an IRS program at my school. I also love Auditing, I feel like a detective in this field. At the moment I work for a construction company and I would also love to stay in this company and transfer to the accounting department when I receive my Bachelor’s Degree. I know I will be very happy which ever I choose. It is my opinion that the most important key points to succeed in Accounting are to be detailed oriented and have strong analytical skills. Also very important they need to be open minded regarding the different fields that Accounting offers and start gaining experience as soon as they can. The first key point that I will discuss is the need to be very detailed oriented. To be detailed oriented you need to stay focused and be organized. It is very hard to stay focused, but in accounting you have to deal with a lot of numbers, receipts, and amounts for one or more departments. A friend said to me “If you are not organized in Accounting, might as well...
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...Running head: Forensic accountant 1 Forensic Accountant Tanya Pace Dr. Gina Zaffino Bus 508, Contemporary Business 11/16/2012 Running head: Forensic Accountant 2 Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Although forensic accounting is not a new field, it has become more talked about since cases like Enron came to light. For someone interested in the Forensic Accountant profession they should know that this field can be time consuming, but very rewarding. People who work in this career investigate white collar crimes such as company fraud, fraudulent financial record reporting, and illegal investment schemes. In a recent study by the Federal Bureau of Investigation shows that white collar crimes have cost the United States and estimated 300 billion dollars (DiGabriele 2008). I think five of the skills that a forensic account would need are communication skills, detail oriented, professional and ethical behavior, sound judgment and discretion. Communication skills are vital in any profession. It allows you to convey information for others to receive. The problem with communication is that it can be interpreted differently by other intended parties. As a forensic accountant, communication skills, verbal and non verbal, are important...
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...classification principle, though modified, remains a cornerstone of Rotary. Upon joining Rotary, you are lent a classification by the Board of Directors to reflect your occupation or primary source of income. By limiting active membership by classifications, each club becomes a cross-section of the business and professional life of the community it serves. Also, the classification principle makes sure that no one profession or business becomes the dominant force within the club. Another benefit of the classification system is that representatives of many fields are brought together, providing the opportunity for Rotarians to broaden their knowledge of the contemporary workplace. This, in turn, enables Rotarians to fulfill one of the basic obligations of vocational service – recognizing the worthiness to society of all useful occupations. Personal Data: Name: Luis Angelo D. De Jesus, CPA Birth date: July 3, 1985 Classification: Certified Public Accountant Affiliation: Philippine Institute of Certified Public Accountant Educational Background Graduate: Master in Business Administration Republic Central Colleges Tertiary: Bachelor of Science in Accountancy Republic Central Colleges Secondary: Angeles City High School (FGNMHS) Angeles City Primary: Pandan Elementary School Angeles City Occupation/Working experience: Republic Central Colleges Angeles City College Professor ...
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...interview you allowed me to take part in. I also would like to share this essay that I feel would be a great source in deciding whether or not your company should hire me as a senior accountant. I strongly believe that you should hire me as the job offered is tailored to my experience, knowledge base and abilities, and I believe I can enhance my skills for the benefit of the company. My accounting and academic experience, as well as my efforts towards CPA certification, have prepared me well to make a significant contribution to your organization. I have an undergraduate degree in the field of accounting and finance from a very reputed school. Currently, I am enrolled in a highly accredited graduated school to purse my degree in Masters of accounting and financial management. I have also specialized in several area of accounting in my previous employment. My skills and abilities include but are not limited to the following areas: A/R, A/P, revenue recognition, treasury, payroll, financial reporting, budgeting, forecasting, financial analysis, trend analysis, variance analysis, and corporate taxation, foreign currency exchange, international transactions, and audit compliance. I believe I am well equipped to bring my expertise to your firm. My career goal has always been of becoming an accounting manager. I feel I have grown to love that area of expertise by the observations I have made throughout the years. When I worked as an accounting clerk as well as senior accountant. Accountancy...
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...the forensics that’s involved in the investigations of crime scenes. While that is true, forensic really refers to any investigation methods or techniques that produce results that a court of law will accept as evidence. That is why forensic accounting is a great career option. According to Kreuter (2017), “Forensic accounting is essentially litigation support involving accounting” (p. 6-8). Forensic accountants use their accounting skills to examine financial information and documents for use in legal cases to investigate fraud or embezzlement. The job requires technical skills in accounting, both investigative and legal. Forensic accounting is important because it represents the only truthful approach to gaining a deeper understanding on what exactly is going on behind the scenes of a business’s finances. There are four main types of forensic accounting services. The first and most popular is criminal investigation services. A lot of people would assume that the auditor would perform fraud or criminal investigations, but...
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...skills required when applying for a job role as an accountant. Employability Skills Each job requires candidates doing it to possess a variety of specialist skills require for a specific job. Though there are range of skills that are useful to a wider variety of careers and are hence forth transferable between jobs. This is known as employability skills. These are essential for employees to be able to work effectively in a modern organisation or workplace. For instance to be an accountant for Cameron Balloons, the applicant needs to have suitable qualifications as well as having relevant experience in a similar role. This is important when applying for a job as an accountant, since it tells the organisation that you possess the experience and qualifications that are required for the job. Personal Skills Personal Skills are certain skills that will be beneficial regardless of the job. These transferrable skills make a candidate for the accounting job attractive when they are applying for the job role for Cameron balloons. For an accountant on of the personal skills that will be beneficial will be patience. As an accountant having patience is very important. An accountant who remains patience in a very difficult time and situations and gets the job done is highly valued by the organisation. Therefore showing this skills while applying will be more effective and are willingly to get the job. Communication As an accountant possessing communicational skills in both written...
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...Bachelor of Science in Accountancy as an in Demand Course in De La Salle Lipa A Term Paper Presented to Ms. Imelda Marquez 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...
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...major in 2013. From that point on, I try to understand Accounting more than I understand my self. Now I am a bachelor of accounting has a one year working experience. And now I am looking to apply as accounting staff position to consolidate my skill and get more experience. * What are your greatest strenght? I consider adaptable ability as my greatest strenght. My ability to work with many different people. Besides that, my communication skills have help me when there is a problem in my team. * What are your weakness? I used to like to finish on one work project before starting on another. But recently, I implemented a time management system to work on many projects at the same time. And this is an improvement to myself to being multitasking, so my work more efficiency and allows me to be more creative. * How do you handle stressful situation and working under pressure? I will handle that situation by stay calm, didn’t rush on doing the tasks and keep focus on my job while working under pressure. It is terrific way to accomplish a lot of work. * What are you like working in a team? I like to be part of a team with a lot of different background who have interesting ideas. Working on a number of team has allowed me to develop my ability to communicate clearly with other. * Describe the ideal job for you following graduation. My ideal job is incorporates...
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...CAREER CHOICE-TEACHER OR ACCOUNTING April 21, 2014 TABLE OF CONTENTS Introduction 3 Purpose…………………………………………………………………………………………………….4 Teaching Abroad 4 Path to teaching abroad 5 Potential salary for teaching abroad 6 Pros and cons of teaching abroad…………………………………………………………6 Career as an accountant 7 Path to becoming an accountant 8 Potential salary for accountants 8 Pros and Cons of Accounting……………..………………………………………………..8 Career choice …………………………………………………………………………………………9 Conclusion and Recommendation…………………………………………………….10 Reference………….…………………………………………………………………………….11 April 21, 2014 Susan Williams DeVry University Subject: Career choice for Susan Williams INTRODUCTION In the United States students often graduate with an idea of the career path they will go down. There are some students who have no idea what direction or career path they are going to take once they have received their diploma. There are some who change the course of their career path they have been educated for in mid-stream or after graduating from college. I have a student, Susan Williams who wants to travel and use her degree at the same time. Her degree is in Business Administration with a concentration in accounting. The student wants to travel and teach children because that is where her real passion is. Although she can possibly use her business administration/accounting and travel, teaching children is on the other end of the spectrum in comparison...
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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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