Accountant

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    Analyze the concept of a profession and explain the ethical and professional obligations of practitioners A profession can be said to be a vocation founded upon specialized educational training, of which its purpose is to supply objective counsel and service to the others, for a direct and definite compensation . It denotes an occupation that professes to develop a system of knowledge in a special problem area such as religion, health or law . The special knowledge that they have gives them an…

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    With every new technology that is launch an accountant must be in compliance with Sarbanes and Oxley Act of 2002 which inevitably slows the process of innovation to make sure all processes are in conjunction with Sarbanes and Oxley Act of 2002. “Firms are hiring extra accountants, consultants and even full-time staff to handle accounting procedures required by the act” (Kessler, 2004). Kessler points out the potential…

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    An independant artists with a start up company that has only been in the music industry for 2 years it is clear that there is a lot to learn for this newly born business and its sole employee. A business’s main goal is to generate money and cash flow this money made is then put back into the business to help improve the service it offers to improves its chances in making even more money. As an independent artist when I first started out i thought the only way to make money would be from…

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    customer satisfaction is an essential thing to company. Therefore, in order to improve company's competitive advantage, the excellent customer service in term of correct tax advice and is very important. The timekeeping is very important skill as accountant because as for…

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    The study of the good life put’s prominence on finding our own individual path to happiness, while at the same time, being able to be aware of our surroundings. Human beings are adaptive creatures, meaning we unconsciously “fit in” with the culture we abide in. However, at what point does the pursuit of one’s good life become an extension of societies suggestions? In Clive Thompson’s article “I 'm So Totally, Digitally Close to You”, he describes a modern society that has conformed to the hands…

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    making it one of the largest in all time. Spearheading the scandal were six employees, Bernard Ebbers the CEO, Scott Sullivan the CFO, David Myers the accounting controller, Buddy Yates the Accounting Director, and Betty Vinson and Troy Norman the accountants. The scandal went to federal trial, and after six days of jury deliberation, all six of the employees that were part of the scandal were found guilty. Bernard Ebbers was found guilty of Securities fraud, conspiracy and sentenced to 25…

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    The Producers Play Review

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    Company, and it was very well done. The Producers takes place in the year 1959, in New York. It is about a past-successful Broadway producer, Max Bialystock (played by Conan Duch) who almost pulls off a well planned Broadway scam with the help of his accountant Leo Bloom (played by Seth Snyder). Bialystock was once one of the greatest Broadway producers, but had a stroke of bad luck as each new play he created had flopped. No one wanted to sponsor his plays, so he had to resort to having sexual…

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    From the case it is clearly reflected that Hi-Sail Company's balance sheet was not as per the standard. The president and the chief financial officer along with client showed some sense of urgency to get the incorrect audit fieldwork (Draft of balance sheet) from the auditor without last year’s potential tax liabilities, debt related to join ventures information etc. During audit information was not correctly provided to the auditor. To handle this situation the first action…

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    and myself could possibly be harmed if I were to comply with the request. Reporting incorrect financials is not ethical and gives stakeholders the wrong idea of what the company is doing. If it were to be traced back to me, I could be fired as the accountant because I am the one who physically changed the financials. It could also be traced back to Mike, which would possibly endanger his job and his position in the…

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    2001that Section 906

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    Question Three One of the firms involved in accounting scandals is Enron Corporation which was an energy company in the United States. All the people who were involved in fraud of the company were charged for example Arthur Andersen who was the accountant of the company was charged and found guilty of obstruction of justice, he was convicted but was later let free. The shareholders of Enron Corporation made a loss of $11billion by the time the company was being closed. Luckily the government of…

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