If people are interested in the accounting field, they should ask themselves if they really want this career. Do they have the patience and the responsibility to deal with a variety of people waiting for their solutions to all the company’s budging problems? Accountants are always on the edge of their seats while works. There isn’t hardly any room for mistakes in this field. They must be precise in everything they do. Anyone willing to go on the wonderful journey to become an accountant must understand the process.
Accountants have variety of areas that could be occupied in this career. An accountant performs accountant services that includes, preparing financial statements, prepare tax returns, audit financial records, and developing financial plans. The different types of accountants are private, public, non-profit accountants and internal and external auditors. A private accountant would work at a corporation. A public accountant works at a CPA firm. A non-profit accountant works with government agencies. Accountants are required to understand revenues and expenses. Internal Auditor has to work with the accounting and other departments. Internal Auditors have to be alarm with the financial actives and the operations of the business. “External Auditor is an independent public accounting, who examines a business entity’s books, but he or she is not an employee of the company”(Siegel, Shim).
... Accountants in 1991), and the Financial Analysts Federation (Schroeder etal, 2011). The FASB’s mission is to create and improve financial accounting ... standards for the assistance and education of the public. The IASB was established in ... with the boards and discover how the entire accounting system works. By introducing the functionality of the FASB and ...
“Based on recommendations made by the American Institute of Certified Public Accountants, thirty-eight states currently require CPA candidates to complete 150 semester hours of college coursework-an addition thirty hours beyond the usual four year bachelor’s degree.” (http://www.bls.gov/oco/ocos001.htm) An associate’s degree in applied science degree at a community college only needs sixty-six credit hours, yet if a student is willing to go farther than an associate he or she should transfer to an university by getting his or her Business Administration associate’s degree. Business Administration is a transferable degree in any university so a student could go to a community college and later transfer to a university to pursue his or her masters or etc. To become an auditor, public, or private accountant you are better off getting your masters or a higher certificate. In business and accounting courses for a master degree are strongly looked in accountancy and taxation. Students should develop critical and conceptual thinking. “Arts and sciences faculty often look at their colleagues in accounting with envy. In addition to high salaries, the discipline seems to have many desirable characteristics: a problem-solving focus; a national testing program; recent increase in enrollments; highly sought- after graduates; a curriculum that is easily filled with seemingly important content; and a natural, supportive external constituency” (EBSCOhost Wyer).
Training may come from an internship program or from the job you are applying for. CPA firms usually require their employees to take courses only in the areas that need improvement. If an accountant lack on their writing skills, the employer has the right to make that employee take an English or writing course. If theirs a new software that will be used in the firm, the employer might request for everyone having to use the software to take a computer course. Before going into any type of training, “a firm should start by identifying its strategic goals”(McDonald).
The Term Paper on Techniques used by management accountant and usefulness of management accounting information in the public sector
... According to the Chartered Institute of Management Accountants (CIMA), Management Accounting is "the process of identification, measurement, accumulation, analysis ... explaining the role of a management accountant and define the term management accounting, so that there is a slight ... profit have we made this year”. Absorption costing is useful for management accountants because it’s acceptable under IAS ...
McDonald also suggest, “beginning by examining your current training strengths, weakness, opportunities and threats in the goal-setting context.” (p.40)
The average earnings for an accountant in the year of 2000 were $43,500. This earning was the media for salaries between $34,2930 and $56,190. “The top ten percent of accountants and auditors earned more than $73,770 and the bottom ten percent earned less than 28,190.”(Occupational Outlook p.24) “According to a salary survey conducted by the National Association of Colleges and Employers, “bachelor’s degree candidates in accountant received starting offers averaging $39,397 a year in 2001: master’s degree candidates in accountant were initially offered $43,272.” (p.24) Accountants and auditors made annual wages between $29,250 and $40, 250 with up to one-year experience. Yearly wages between $33,500 and $47,750 were made with one to three years of experience. “Senior accountants and auditors earned between 39,250 and $59,500; managers earned between $46,750 and $76,750 and directors of accounting and auditors earned between $60,500 and $106,500 a year”(p.24).
Depending on where the accountant or auditor is from, what type of degree the accountant earned, the size of the firm, and “professional credentials,” earns of the accountant may be totally different.
Taxes, cost accounting, auditing management advisory service and bookkeeper are some of the jobs that are required in most job placement, yet some jobs ask for more or little from the employee. An auditor’s skills include inspecting a client’s financial record and give an audit opinion. The documents are used to verify the importance of the transactions. An accountant is required to look over business activities. He or she must prepare and analyze financial records for companies, government or other organizations. Accountants must “design and set up an accounting system for recording business and financial transactions.” (Occu-Facts p.1-37) An accountant might be located either in any size of city or town. Being an accountant is stressful work. An accountant “works alone or with others under little direct supervision. Sometimes accountants are required to work extra hours. A bookkeeper’s job is to record transactions in a journal and posting the transactions to a ledger. Bookkeeping involves lesser skills than a public or private accountant. Accountants have plenty of duties but regardless of the responsibly accountants always have to be on their jobs.
... Accountants for expert advice due to the complications of tax legislation. Corporative Opportunities After several years of experience in business accounting ... in an office designated to train CA students, for an arranged period of 30 months ... quite easy for them to quit a job and find another one the next day ... A CA (Chartered Accountant) is a professional accountant who has earned the CA title through ...
Companies were supplied with current version of Geac SmartEnterprise Solutions human resources and accounting applications. The software is called SQL Financials and HR Release 6.0. This software “is a set of employees self-service applications that integrate with the suite. (Gilbert) “A recent survey by Accountant 1,400+ chief financial officers showed that more than 75 percent placed a very high value on communication skills when hiring accountants.” (Looking Who’s) To start building these skills “take a speech class in high school offers” or “take public speaking at a community college.” (Looking Who’s) If students are headed for college, “use the application process has an opportunity to exercise the student’s writing and verbal skills when writing letters, asking teachers for recommendations and calling agencies about scholarships.” (Looking Who’s)
Mrs. Diane Nikonowicz gives a taste of her outlook about her job at Florissant Valley Community College. Mrs. Nikonowicz has dedicated herself to this job for seven to ten years. She works par-time hours, yet she’s able to choose her hours each semester. She likes to work with the students while helping them with schoolwork. She loves working with computers. Diane doesn’t have any dislikes about her job. Tutoring and teaching has their different environments. Tutoring gives Mrs. Diane Nikonowicz a one on one relationship with the students whereas; teaching does not give her that experience. While teaching the Peachtree software, it’s a full class. The requirements for tutoring college students and to teach Peachtree, she needed an associate degree in accounting. Nikonowicz got her job the day of graduation. She kept up with the requirements with computer courses. The school provides free training for staff members. The courses she took have changed after the fundamental courses. For example, She took cost accounting course, but now that course isn’t included. She thinks it’s a good ideal for a student not just an accountant major to take accountant courses.
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Students must be on point with the general knowledge of accounting. Accounting isn’t just a math class in high school or college. Accounting is all about the real world.