Accountant

interpersonal trust within organizations. These same core elements are also essential within the accounting profession and are the cornerstone of the American Institute of Certified Public Accountants’ (AICPA) Professional Code of Conduct (the Code). The Code is the primary source of guidance for accountants. The Code is designed to serve multiple purposes which include conveys the message that accounting professionals have a responsibility to protect the public interest, confirms legitimacy…

However, in order to become an accountant, I had to learn other skills, instead of getting the knowledge of accounting. After the semester, I was still confused about what kind of skills I had to develop and what kind of knowledge that I had to get more…

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 technology gives accountants the ability to interpret the language of business with such ease that the accountant has become a corporation’s most trusted business advisor. Technology is the application of scientific knowledge for practical purposes. It has the…

An accountant plays an increasingly important role when it audits and reports different financial aspects about a company, which includes but not limits to a company’s balance sheet, cash flows, and incomes. The final accounting statements, which will be sent to the clients and sometimes to other stakeholders, will give not only clients but also outsiders a general overview of a company’s financial situation. Investors and cooperators who observe a company merely through its financial reports…

Accounting is an essential tool for the success of a business. It is what synthesizes and reports financial data of the business to assist in making strong decisions for its future to potentially improve its financial state. To become an accountant, an individual needs to have certain attributes and interests to succeed and advance in their career. Mr. Gupta elaborates on how an extroverted personality and strong communication skills are essential. They are used every day within the office…

1. Why have you selected you current major? Yes; after taking accounting 2100, I soon realized that I was very good with numbers in addition to applying formulas and seeing how mathematics applied in real life business aspects. I was fascinated by the subject matter, therefore I decided to choose Accounting as my major. 2. What is career goal and how will the major that you listed translate into your major career goal? Although it is two very diverse career goals I aim to one be a Chief…

principles of CIMA Code, is addressed in AICPA Code of Professional Conduct in rule 501 – acts discreditable. Asides for those minor differences, both codes provide high ethical standards for auditors to follow. 2. The CIMA video on ethics warned the accountants can face problems such as pressure, threats, familiarity, self-interest and truing a blind eye. Find example of these behaviors in the…

department basically keeps the company running. Without the accounting department bills would not get paid or bills would not get mailed out for the customers to pay. At Multi-Color there are four main accountants: Accounts Payable (Melissa Campbell), Accounts Receivable (Tiffany Lowe), Cost Accountant (Jeremy Hafer), and Accounting Coordinator (Shari Schmidt). Some of the tasks we decided would be good for me to do at the beginning of my internship would be to learn the AP Process, AR Process,…

C. Implications of the rapid growth and strategy on the firm’s Management Control System (MCS) and Management Accounting System (MAS) Hoque (2006) has described MCS as “an analytical and calculative process to make decisions to accomplish the organization’s objectives”. A MCS is formulated by some interdependent components: strategy, accountability structure, responsibility accounting, performance measurement, direction, motivation and incentives. Thus, it can be seen that MAS is one of the…

Introduction The accounting profession is pivotal and fundamental to human livelihood. Undoubtedly, businesses provide employment and, thus, livelihood to people all over the globe. Consequently, accounting becomes an integral part of every business, and its significance cannot be underestimated. Typically, business owners make decisions upon receiving audited reports prepared by professionals conversant with accounting. Personally, I have witnessed enormous benefits of accounting both in…