this occupation from a professional accountant. In this paper, results of the search and the information gathered from the informational interview will be discussed. The aim of this paper is to provide and present this information to Hira, to help her decide whether she would like to further explore the field accounting herself. Nature of Work According to the Occupational Outlook Handbook, accountants prepare and examine financial records. They confirm
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changes an entity’s financial condition or directly affects its results of operations. Capital Stock The portion of a corporation’s stockholders’ equity contribution by investors (owner) in exchange for shares of stock. Certified Public Accountant (CPA) Public accountants who have met a state’s education, experience, and examination requirements. Corporation A business organized under state or federal statutes as a separate legal entity. Cost Concept A concept of accounting that determines
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(1) globalization, (2) strategy, (3) organizational structure, (4) process management, (5) the importance of ethics in business, (6) corporate governance, (7) enterprise risk management, (8) corporate social responsibility, and (9) the Certified Management Accountant. I. Globalization 1 A. Import/Export Data i. 2 Imports into the United States (in billions) 1. The data reveal an enormous increase in import activity from 1995 to 2007. In particular, imports from Canada, Mexico, and China skyrocketed
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the five years immediately preceding his appointment held office as secretary of a public company; or is a barrister, advocate or solicitor; or is a member of any of the following bodies: the Institute of Chartered Accountants; the Association of Certified Accountants; the Institute of Chartered Secretaries and Administrators; the Chartered Institute of Cost and Management Accountants; the Chartered Institute of Public Finance and Accountancy; or is a person who, by virtue of having held any other position
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CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. Subject matter of accounting. Environment of accounting. Role of principles, objectives, standards, and accounting theory. Historical development of accounting standards. Authoritative pronouncements and standards-setting bodies. Questions 1 2, 3, 4 5, 6, 7, 8 Cases 1 3, 4 2, 4 4. 8, 9, 10, 11, 12 5, 17 5. 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 23, 24, 25, 26, 27 28 29 6, 7
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Anderson, Olds, & Watershed Certified Public Accountants 615 Big City National Bank Building Main at Michigan Avenue Chicago, Illinois 60612 Phone: (312) 555-4452 Fax: (312) 555- 9991 www.aowcpa.com December 18, 2009 Peach Blossom Cologne Company 1308 Bee Hive Blvd Chicago, Illinois 60615 Dear Mr. Kevin Chen, You have requested that we audit the financial statements of Peach Blossom Cologne Company for 2009, which consist of the balance sheet, income statement, statement change in equity, and
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Kari Moore Unit 6 – Final Research Paper AC504 April 19, 2013 Abstract In the history of the world, there has never really been a dominate, widely accepted set of ethical standards, unless you count the ten commandments, and as we all know, they didn’t end up widely accepted either. The world is in an ethical tail-spin, trying to be the best, the most profitable, the most dominant, and it is leaving its ethics in the dust. In this paper I will discuss the importance of an ethical system
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Excello Telecommunications October 4, 2014 ETH/376 Katherine Parks Excello Telecommunications has been profitable for many years, but recently has been faced with increased competition for its products by overseas manufacturers. For the first time in the company, it appears that earnings estimates will not be met. Management is concerned about the effect on bonuses, stock options, and the share price of Excello stock. When Terry Reed, the CFO, learns of a transaction on December 20, 2010,
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state and federal agencies. Control over the subsidiary is maintained by the parent corporation holding more than fifty-percent shareholder value and voting rights in the subsidiary charter. The professional responsibilities of the certified public accountant (CPA) are to provide assurance services and attestation services that include an audit and review of historical financial statements and internal control effectiveness of reporting financial transactions. These services are usually divided
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give additional powers to the SEC, including jurisdiction over the new Public Accounting Oversight Board and oversight over private industry Generally Accepted Accounting Principles (GAAP), and Generally Accepted Auditing Standards (GAAS). Moreover, U.S. public company CEOs and CFOs must certify the accuracy of financial statements, and disgorge equity and incentive based compensation when required. The act ensures that U.S. public company officials are prohibited from influencing independent auditors
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