Accountants

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…

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…

accountancy profession. A major effect on the field of accounting is the law that takes place while the processes are amended to adapt to the current technology age. Overseers such as: FASB and the SEC have certain laws and regulations that alter the way accountants perform the assigned tasks required by their profession. In addition to adding unprecedented rules, FASB and the SEC may make accounting grueling, especially for newcomers to the field, concurrent to the modern regulations. One of…

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…

The Junior Accountant position at “Dolman Bateman & Co Pty Ltd” caught my attention as it is an exceptional opportunity to work in a professional practice. I would be very much inspired by working at Dolman Bateman & Co which provides a wide range of financial services to its customers since I would have the chance to meet lots of interesting people, develop increasing commercial awareness and progress in my career with the firm. I am confident that my qualifications and experience in accounting…

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,…

programs that will ultimately get them accredited. The technological context that I have grown in has been one of constant change and development. As with many other professions, technological advancements have changed the nature of work that accountants do, with many of the data input processes that needed to be performed manually now done automatically through cloud accounting. As new software comes into play, the accounting profession will continue to transform and the technological…

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…