Accountancy

One of my greatest influences for pursuing an accounting major was the wide variety of career opportunities it could provide in the future. During my first two years of undergraduate studies I had absolutely no idea where I would fit in the business world or if I actually wanted to work in business in general. My accounting degree gave me the ability to pursue a degree that would be useful no matter where my potential career path would lead. Even if I did not want to obtain my CPA license, I…

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…

Article 3 of the California Accountancy Regulation permits a CPA licensed in a state other than California to perform public accountancy services in California. A CPA licensed in a state other than California would require approval from the California Board of Accountancy (CBA) to perform public accountancy services in California if (1) they have been formally declared guilty of a criminal offense, (2) they have been punished in a professional capacity, (3) they have pending charges of…

Many things need to be taken into account when determining what one needs to do to reach a certain pay grade as an accountant. For this essay, low pay grade is defined as an accountant earning less than $50,000, medium pay is defined as $50,001 – $75,000, and high pay grade is defined as more than $75,001. Many factors influence pay grade of accountants, such as education, type of job, experience level, workplace setting, and location. Within education, it is important to look at the type of…

In the year 2016, there are innumerable paths one could take with their career. With so many occupations, the only way to narrow down one’s options is to pick a career best suited to their personal characteristics and work environment needs. If one is proficient at processing written and spoken information, is motivated to utilize mathematics, can collaborate with others, and is willing to work in an office environment they may find a career in accounting is for them. An Accounting career has…

The theory of accounting has been around for thousands of years. Accounting, also known as the language of business, is an information science used to collect, classify, and manipulate financial data for organizations and individuals, which has changed a lot throughout time. This field was established in 1494 by Luca Pacioli, an Italian mathematician. Throughout all these changes that have occurred since 1494, technology has become a major part in an accountant’s job. The advancement of…

There are many different ways of writing, and Rhetorical analysis is one of the most helpful ways, which includes the introduction, rhetorical situation, rhetorical strategies, rhetorical appeals and the conclusion. I believe the rhetorical analysis is helpful for us because it makes us understand how the authors use this way to construct and develop a professional document to reach their writing purpose. I can learn the genre of writing in the field of accounting through writing this rhetorical…

3.2 CORE KNOWLEDGE OF FORENSIC ACCOUNTANTS A forensic accountant is an expert in accounting and financial methods. When the companies keep on growing in size and density, detecting fraud requires a forensic accountant to become skilful in an ever-increasing number of professional skills and competencies. Here are some of the broad areas of expertise for a forensic accountant: • There should be an in-depth knowledge of financial statements and the capability to critically analyze them. This…

Nowadays, a lot of students are confused about what kind of career that they can choose. Before they decide which one they are going to choose, they may think and ask themselves a lot of questions and they may be struggle a lot. In some cases, some students will find out the answer of which career they plan to become during their study journey. Some students cannot figure out which career they plan to become because some of them want to find the easier way to be successful, like what I was…

The ACCT 6120 course helps us learn how the company is governed. The lecture and tutorial introduce and recap a series of accounting, corporate law and auditing theories and practice with a specific case in each class to analyze how the theories apply, which could better help us understand the theories as well as thinking more critically. Before studying this subject, we all think as an accountant, the corporate governance is a little bit far away from us. However, through the content of each…