Accountancy firms

In this self-reflection paper I will point out some ethical issues discussed in class and provide examples of how accounting is much more than the numbers. In addition, the paper will include additional research in regards advices that will help me in the future to fulfill my responsibility to serve the public interest and avoid sliding down the slippery slope. Lastly, I will conclude with the lessons that I learned by taking this course. Through this class, I had the opportunity to understand…

Numbers have been my passion since I was a little girl. I remember how exciting was for me to solve math quizzes, it was like a game for me, a game that I certainly enjoyed. While growing, I could not decide which profession to choose. I knew that I wanted to do math, but there are so many professions that involve math that I was not certain on the path I wanted to follow. Finally, I decided to become an engineer, but that was not my final call. During the fourth year of my engineering career, I…

result of the merger of WorldCom. Currently, MCI, Inc. is headquartered in Ashburn, Virginia but originally WorldCom was headquartered in Clinton, Mississippi (Reardon, 2006). WorldCom’s growing success through acquisitions of other telecommunications firms led it to become the second largest long distance telecommunications company in 2001. However, on June 21, 2002 the aspiring company filed for bankruptcy protection after disclosures displayed accounting regularities. On June 25, 2002, they…

This paper suggests that financial accounting thought is undergoing a revolution. As many scientific theories both describe and prescribe phenomena, so many accounting theories describe and prescribe financial phenomena. New ideas have been proposed and debated and new school of thoughts have been emerged. The priori research has been criticized in 1960 and regarded as having doubtful value. But it has been argued in the paper that priori research has helped in overthrowing existing ideas. If an…

Accounting consists of three major purposes—to identify, record, and communicate the economic events and financial transactions of an organization to its interested users, in order to provide a company with the information necessary to keep a business financially stable. When identifying economic events, a company must select those that are relevant to its business. In recording these events, transactions must be kept in a systematic, and chronological order, measured in monetary value. In order…

save. I feel there are a lot of good accounting jobs out there after researching the internet. In an accounting financial services, the need for well-qualified talent has become increasingly important. Banks, credit unions, investment firms and public accounting firms are investing in human capital to meet increasing customer demand, much of which is generated by the country’s aging population. A shortage of new qualified talent with the background, certifications and real-life experience…

Do you want to be an accountant but aren’t sure if it’s the right choice for you? Research shows that seven out of ten accountants are very happy with their career choice. “"It 's an exciting time to be an accountant," said Bill Driscoll, a district president of Accountemps.” (“Accounting Tomorrow”) A summary of accounting includes a description of accounting different jobs, the education needed, the income expected and the chances of employment after college. An accountant can be a very…

On July 2015, Oskar Groening was sentenced to four years imprisonment with 300,000 counts of accessory to murder. In Auschwitz, he was responsible for handling the money and personal items that the Jewish “prisoners” had arrived with. Nazi accountants were essential in increasing the profitability of concentration camps. They are responsible for keeping the Nazi movement alive for as long as it did. The Nazi accountants are referred to as “desk-killers” even though they were not precisely…

I got a good internship opportunity to work at LG Accounts Ltd (LG) as a Accounting Assistant to finish my IBL course in this semester. This is a good opportunity I have gained practical experience and applied theoretical accounting skill of accounting work. My internship project is tax implications of buying and selling residential property in New Zealand. By the end of internship, I am very pleasure to receive a permanent position of Accounting Assistant at LG. I need to thank both to the…

Producer Consciousness is an idea that is very beneficial in making decisions that affect the outcome of one’s life. When initially choosing my major I had no idea what Producer Consciousness was, so this analysis was not taken into consideration. However, with that being said, looking back ultimately I made decisions consistent with Producer Consciousness. As bad as it may sound, perhaps the biggest driving factor when choosing my major was compensation. I felt like regardless of what I was…