becoming a top official in the corporate accounting world is more accessible to them. Being able to customize my career is essential to me because it allows me to love what I do. So regardless if I want to be an accountant in a toy company or a car company the opportunity will be there for me. The work public accountants take on is industry specific, it also depends on the company you are working for. Different companies have different standards, and your work will be based off of these standards.(Interview).
Prominent Issues: The issues that public, government, and cost accountants are dealing with are either tax law amendments or educational gaps. Currently, government accountants are facing the challenge of implementing the affordable care act and other tax law changes into accounting practice (Treasury). The affordable care act is one of the most challenging tasks yet, being the largest set of tax changes in the last twenty years (Treasury). Public and cost accountants both deal with issues in education. …show more content…
(2010). Issues in the relationship between theory and practice in management accounting. Management Accounting Research, 21(2), 79-82. Baldvinsdottir, Mitchell, and Nørreklit analyze the issue of theories produced by scholars in accounting education and their lack of practicality in the field. Over time accounting in the academic world has become a social science, subsequently scholars have chosen to ignore the technical side of accounting and importance of putting theory into practice. An important finding in the authors research is that a gap has been created between accounting researchers and practitioners. It is concluded that academic researchers must examine the technicalities of accounting and make sure their research develops into systems that have real world
Prominent Issues: The issues that public, government, and cost accountants are dealing with are either tax law amendments or educational gaps. Currently, government accountants are facing the challenge of implementing the affordable care act and other tax law changes into accounting practice (Treasury). The affordable care act is one of the most challenging tasks yet, being the largest set of tax changes in the last twenty years (Treasury). Public and cost accountants both deal with issues in education. …show more content…
(2010). Issues in the relationship between theory and practice in management accounting. Management Accounting Research, 21(2), 79-82. Baldvinsdottir, Mitchell, and Nørreklit analyze the issue of theories produced by scholars in accounting education and their lack of practicality in the field. Over time accounting in the academic world has become a social science, subsequently scholars have chosen to ignore the technical side of accounting and importance of putting theory into practice. An important finding in the authors research is that a gap has been created between accounting researchers and practitioners. It is concluded that academic researchers must examine the technicalities of accounting and make sure their research develops into systems that have real world