done without even realizing it. This field may sounds boring due to accountant constantly and repeatedly recording numbers, but this career made a major impact to the world. Back when business started, merchants…
According to the AICPA Code of Professional Conduct Section 53 – Article II: The Public Interest, “Those who rely on certified public accountants expect them to discharge their responsibilities with integrity, objectivity, due professional care, and a genuine interest in serving the public” (CP pg. 7). Young & Brobeck, LLP did not uphold these principles and did not comply with GAAP thus, resulting in a breach of their duty of care (CP pg. 2). The auditor's unqualified opinion included an…
The purpose of accounting is to identify, record and provide financial information concerning a business. An effective accounting system is one of the most crucial aspects of having a successful business. No matter what type of business it is or how large or small it may be, accounting will play an important role in its overall success. Even though accounting systems can be traced back for thousands of years and have developed in many different ways over time, todays businesses primarily use…
Assignment # 5 1. Visit the IMA website www.imanet.org . List, describe, and evaluate the requirements to become a Certified Management Accountant. What topics are covered on the exam for certification? Would you be interested in a career as a management accountant? In order to become Certified Management Accountant, the candidate need to be active member in the Institute of Management Accountants & Pay for the entrance fee. Candidate must complete the CMA certification within three years from…
availability, and medium to average education requirements. As an accountant, one would be tasked with many office related duties and be required to use analytical skills. Accountants “perform…
up I want to be an Accountant. To do that it will take a lot of work,but if I put my mind to something I can accomplish anything in this world I want to do. First I need to choose the right college then start an internship to get a good look of what I’ll be doing. It is also very important to understand the educational or training requirements, skills or talents needed, salary and benefits offered, and the duties for a particular career making this decision. Being an accountant takes a lot of…
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…
Having recently come across your job posting on the Careerzone Job Board for an Income Tax Clinic Volunteer (Job ID: 46437), I am submitting my resume in consideration for the position you are offering. Currently, I am a first year student in the Honours Bachelors of Accounting Co-op program at Brock University who has exemplified strong oral and written communication skills and a basic understanding of income tax, which has led me to believe that I am a qualified candidate that can successfully…
indexes, databases, websites) that is what’s required in the business field. With this in mind, I have chosen to study the way G.R. Cluskey, Jr. and Alan C. Vaux (1997) have formed their essay “Is Seasonal Stress a Career Choice of Professional Accountants?” as an example of business writing.…
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…