Accounting I want to major in Accounting , I’ve always being good with numbers and one of my favorite subjects at school was math so I decided to choose accounting for my career. As looking through the website I found very interesting things about my major I didn’t know so it was really help full to know. Some of the duties of the accountants are to examine financial statements, compute taxes owed, inspect account books and accounting system, organize and maintain financial records, asses financial operations, and suggest ways to reduce costs. Most of the accountants and auditors work in offices, although some may work from home and some auditors may travel to their clients’ places of business. Something I consider a little bad is because most accountant have to work full time but some work more than 40 hours per week, what causes for them to work extra hours are certain times of the year such as the end of the budget year or during tax season. For accountant education is very important some need at least a bachelor’s degree in accounting or a related field although most employers prefer to hire applicants who have a master’s degree. Work experience is also important for getting a job as most states require experience before an accountant can apply for a CPA license; many colleges help you on this part so you can gain practical experience through summer or part-time internships with public accounting or business firms. Sometime that grab my attention on the website was the advancement as some top executives have a background in accounting, internal auditing, or finance. Some of the important qualities an accountant must posses would be analytical skills as they must be able to identify issues in documentation, communication skills as they must listen carefully to facts and concerns, detail oriented as they need to
CHAPTER 1 Accounting as a Form of Communication OVERVIEW OF EXERCISES, PROBLEMS, AND CASES Estimated Time in Learning Outcomes Exercises Minutes Level 1. Identify the primary users of accounting information and their 1 5 Mod needs. 12* 10 Mod 14* 15 Mod 2. Explain the purpose of each of the financial statements 2 5 Easy and the relationships among them, and prepare a set of 3 15 Mod simple statements. 4 10 Mod 5 10 Mod 6 15 Easy 7 10 Easy 8 20 Diff 9 15 Mod 12*…
Sandwich Master Ltd 4.1 Sandwich Master Ltd is a limited company that was established over seventy years ago in the Midlands area of the UK by a family with the name of ‘Graham’. In 2006 the medium sized local bakery by the name of ‘Graham’s Bakeries’ was sold and renamed ‘Sandwich Mater Ltd’. The company was bought by 4 shareholders, Courtney Chandler, George Bartlett, Jane Chung and Emma Pearson who each own 45%, 45%, 5% and 5% respectively. Sandwich Master Limited strives to be the number one…
Week 1: Introduction to Financial Accounting & Key Financial Statements Define Accounting Accounting is the process of identifying, measuring, recording and communicating economic information to assist users to make decisions. “Accounting is the language of business” – Warren Buffett Users are able to make better, well-informed decisions with the correct and sufficient information provided * The CEO salary is regarded as an expense on the financial statement as it is a deduction and it reduces the…
The British Accounting Review 36 (2004) 251–268 www.elsevier.com/locate/bar Human capital reporting in a developing nation Indra Abeysekeraa,*, James Guthrieb a Department of Accounting and Finance, Macquarie University, Sydney, NSW 2109, Australia b Macquarie Graduate School of Management, Sydney, NSW 2109, Australia Received 2 May 2003; revised 21 September 2003; accepted 4 March 2004 Abstract In recent years, a trend in management has been the introduction of human capital (HC)…
Fraud Detection and Forensic Accounting ¨ Fatma Ulucan Ozkul and Ayse Pamukcu ¸ ¸ 2 2.1 Definitions of Fraud A quick search for the meaning of fraud in the dictionary states that fraud is “deceit, impersonation with intent to deceive, criminal deception done with the intention of gaining an advantage.” The Institute of Turkish History explains the word fraud as “a deceptive trick, scam, game, artifice, cabal which is committed to cheat, mislead someone” and “contributing something useless…
Internal Control and Accounting Systems (AQ2013) For use in the AAT Accounting Qualification Chic Paints Ltd Assessment book Time allowed: Four months Note: Your report must be written/typed, completed and submitted for formal assessment within four months. You will have four more opportunities to submit further supporting evidence at the discretion of your assessor. Please discuss this with your assessor. AAT Level 4 Diploma in Accounting QCF qual ref SCQF qual ref QCF unit ref…
U.S. and Review of Shared Services Beyond Compare Nikhil Bhatia, Avin Dhoble, Matt Haines, Jeff Lowell, Jonathan Modest, Tina Wells Overview The U.S. chocolate confectionary industry grew to $16.2 billion in 2014. The industry grew at an average annual rate of 1.5% from 2009 – 2014, but growth is expected to decline to 0.8% from 2015 – 2019. The demand for all chocolate products is growing quickly in developing markets such as China and India, which is putting pricing pressures on inputs even in…
CHAPTER 16 MANAGEMENT ACCOUNTING: A BUSINESS PARTNER OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL THINKING CASES Brief Exercises B. Ex. 16.1 B. Ex. 16.2 B. Ex. 16.3 B. Ex. 16.4 B. Ex. 16.5 B. Ex. 16.6 B. Ex. 16.7 B. Ex. 16.8 B. Ex. 16.9 Topic Product vs. period costs Direct material used Cost of goods sold Materials inventory Direct labor journal entries Manufacturing overhead assigned Inventory balances Work in process balances Prime vs. conversion costs B. Ex. 16.10 Partial…
the ability to benchmark a role or an individual against other areas of expertise or against the same role in another area of the country. The Kelly Services 2012 Salary Guide covers both qualified and non-qualified roles across the Industrial, Accounting and Finance, Banking and Financial Services, Scientific, Engineering, Office Support, Professional Support, Call Centre and Information Technology (IT) industries. The guide also provides a state by state overview of Australia’s diverse employment…