Certified Management Accountant

that my Grandma had passed away from old age and my Aunt dying from a heart attack just a couple weeks later is just the worst thing anybody can ever hear, especially if they were your role models. They were the ones who influenced me to become an accountant and become a CPA, they helped guided me to take the correct classes in school and what I needed to learn and focus on. When they passed away it was like I lost my mom and dad because of the role and influence they impacted on my life. I was…

the carrying value exceeds the fair value. The fair value of an asset is determined by the estimated future cash flows discounted by a rate that includes risk and incorporating market assumptions. Estimating the future cash flows of an asset helps management make educated decisions about future sales and how useful the asset will be. This allows assets that will be more useful to be more prevalent in use and hopefully drive sales and operations (Chico’s FAS, Inc.…

future. With technology getting better all the time I see in the future that I will be able to work at any time, any place and from anywhere. I see tools such as cloud-connected smartphones and tablets will enable firms to provide clients with an "accountant in their pocket" at all…

Identify two current skills you could improve upon to be more successful in accomplishing your career goals. Two skills I can improve upon would be time management and being fluent in my other languages. Time management is a key factor in being successful in any field, although I try and manage school, work, and social life; sometimes one of them suffers due to the lack of being able to manage time efficiently. Being able to meet deadlines…

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…

For public, business, and other practices, the AICPA Code of Professional Conduct has different Rules for those practices. As for public practice, independence is a required rule but not for CPAs in business and other practices. It is important because there are always some circumstances or relationship occurring to threat the Code compliance so that the public interest will be put at risk. For CPA firms, before they sign the engagement letters with clients, they must make sure the independence…

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…

Here and there an undertaking can appear fantastic when you attempt to picture the whole thing, however in the event that you separate it into littler objectives abruptly it can get to be reasonable. When I initially began to consider backtracking to school in the wake of requiring some investment off from a not all that effective first endeavor of school, I thought it was going to be very nearly unimaginable. I was filling in as a school transport driver attempting to bring home the bacon as a…

difficult seeing that I don’t make enough money to afford a house now nor make enough to be financially stable. This will not always be the case as I have plans to move up within the company which will provide a higher pay once the position of staff accountant becomes open. This goal will also be attainable as I have it planned out 5 years from now. This will provide me with enough time to save up for buying a house and storing away enough money for emergency…

My essay is about the job of a beginning/junior accountant. A beginning accountant does many things; the accountant prepares profit and loss statements, balance sheets and other financial reports. Some responsibilities of a beginning accountant are analyzing costs, trends, financial commitments, revenues. The accountant has a commitment to predict future revenues and expenses. The accountant also has the duty to offer suggestions about resource utilization, tax strategies, and assumptions…