Personal Statement ZHAO FENG As an undergraduate who studies accounting and finance. I started to learn about accounting and finance since 2013 when I was in A-level. At that time, we have been asking to present business news in each economic class. It has motives me to gathering finical information from The Economist and BBC The world business News report. The experiences of working as an intern at the Bank of HEBEI in 2013 and PWC in 2016 have encouraged me to become a professional accountant. All these had given me a great opportunity to know accounting and finance comprehensively and also reinforce my determination of continue studying accounting and finance. Therefore, I have decided to apply for your postgraduate degree course to further …show more content…
Modules I am taking include Economics For Business, Financial Reporting, Management accounting and polio analysis. It includes other modules relating to marketing, finance, and management which expands my knowledge beyond accounting and finance and allow me the opportunity to look at financial market from multiple perspectives. One of my favorite subjects is Economics for Business and I got 70% in overall. I am also attracted by the charm of programming and able to solve some mathematical problems according to programming. During the study of financial modelling, I tried to find an easier way to calculate some investment models and pictured some K line graph by programming. I also got high marks in coursework of financial modeling (82) and corporate finance (90). To be excellent in investing in the stock market, real estates and other fields, I aspire to carry on my graduate study in the field of accounting and finance to make rational investment decisions. The Quantitative management and portfolio analysis enhance my comprehension of accounting principles and the investment strategies. This will contribute towards my further study of accounting and finance. I successfully completed Year 1 of my BA (Hons) Economics course with an aggregate mark of 62%. This year, I am expecting that I can achieve a 2.1 class …show more content…
I have applied the IFRS to audit half-year income statement and statement of finical position from domestic sub-company or oversea branches. This allows me to understand the difficultly of dealing with accounting report form different nations. For example, we have to negotiate each report from the U.S. with their reporter by phone. It would take incredibly long time to explain the difference in order to adjust the figures in the reports. During the stuff training, we have been taught that to be professional at everywhere and anytime. Moreover, I realise that the most important feature to be a professional accountancy is responsibility. This is because that a unit of misallocation will cost other team number a huge amount of work to correct it. The experience of taking notes of weekly conferences between senior managers and PWC partner has indicates that how does change in financial policy influence the accounting treatment. For instant, since vice-perminster Mr Le Ke Qiang who visited China Construction Bank at earlier May. He point out that the Rate of Non-Performing Loans could not exceed 7% in the “BIG Four” Chinese bank. This has led Chinese bank to relax its accounting standard of credit rating. It allows me to understand the relationship between government and financial
In this essay I am going to explain and identify external users of accounting information and give detail on the main characteristics and how these characteristics and the conceptual framework develop the benefits of financial statements for external users.
The International Federation of Accountants (IFAC) is a global body that sets professional standards for the accounting profession. IFAC has an Ethics Committee which released a new code of ethics, effective from June 2006 (George, 2005), and updated this code, effective from January 2011. There are five fundamental principles in this code of ethics, objectivity, integrity, professional competence and due care, confidentiality and professional behaviour. Objectivity implies that an accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgements (George, 2005). Accountants must be honest, straightforward and act with integrity in all business relationships. The principle of professional competence and due care requires accountants to act diligently and in accordance with current technical, professional and legislative requiremen...
In 2008, the Securities and Exchange Commission (SEC) issued a road map for the United States (US) to implement International Financial Reporting Standards (IFRS) that would eventually lead to the dissolution of US Generally Accepted Accounting Principles (US GAAP) (Cox 2008). US GAAP is rules based system of accounting that contains over 25,000 detailed pages of guidance, whereas IFRS is a principles based system of accounting that contains 2,500 pages of guidance. IFRS allows accountants to exercise professional judgment when making many decisions. This paper will compare and contrast US GAAP with IFRS on Intermediate Accounting Topics.
As a full-time PhD student lacking income from off-campus employment, I have a very heavy financial need to pay for the tuition, fees, and room and board all by myself. Since it is expected to take 4 years of intensive study, a stable and secure financial support is certainly very important.
Judgement is a notion of relevance and reliability in developing and applying accounting policies. It is a requirement of management that they exercise a high degree of professional judgement when selecting appropriate accounting policies in the preparation of financial statements that is relevant to decision-making and assessment needs of users. Management should also consider the applicability of IFRS and AASB in dealing with similar and related issues and then the definitions, recognition criteria in the Conceptual Framework when there is no IFRS standard or interpretation in certain circumstances that are specifically applicable. Management may also consider the most current pronouncements of other standard-setting bodies to the extent that do not conflict with IFRS and AASB in developing accounting standards and accepted industry practices by using a similar conceptual framework.
I am currently majoring in Finance at Carlson School of Management, and I have decided to explore the career and future growth of a financial analyst. I chose to explore this career because some of my cousins work in this field and I’m interested in numbers and analysis. I also have an interest in following the stock market and working in a stimulating environment. What sets me apart from others is that I’m able to use time management efficiently. I’m able to study and complete major assignments while still finding plenty of time to socialize with others. Having taken StrengthsQuest last year, I learned that I strive for the future, I’m often positive, and I’m a believer in harmony. I believe in consistency, the idea that all people should
The Chinese University of Hong Kong (CUHK)’s Master of Science in Finance is exactly what I am looking for. On one hand, I may narrow the gap between my current knowledge and what the risk management career requires through CUHK’s well-designed curriculums in a year. On the other hand, a master’s degree can add credibility to our capability and demonstrate competence straightforward. In addition, CUHK is renowned excellence in the Hong Kong and global market gives her students an advantage in building social networks and personal brands. Therefore, I am applying for the full time MSc in Finance Program in CUHK. I hope that I can be a better professional in the financial world under CUHK’s comprehensive training, and I believe that I will be a great contributor to the CUHK community as a self-driven learner and
As we all know business is the way of the world. Business activities can range from shopping, promoting, buying, selling and discounting, and as an individual we come across these everyday. I am very interested in Business as it is an area that I wish to learn more about there are a lot of things that fascinate and keep my interest, however my greatest interest is business management.
7. I am applying for a bachelor degree related to finance or business at UBC, because I have always been fascinated by economics and particular how it functions within our society. I guess perhaps it has something to do with my parents, since they both worked in finance. With their encouragement and guidance, I find myself enjoy accounting, marketing and math more than any other courses. Furthermore, I believe that with knowledge in economics, I can plan my own life better and be financially independent.
Accounting dates back as far as first centuries, is the language of business. As everything has gone through many changes, accounting has also changed many times through out the centuries. It went from the use of abacus to the most advanced softwares, and computers. With these drastic improvements nowadays accounting, financial accounting and management are facing big challenges. From the presentation of the reports to communication to the users, investors, and owners, the accounting field has gained totally a new shape from two decades ago. Today with the dynamic change in every aspect of life, the accounting field has to act fast and be able to adapt these new changes and challenges in order to survive.
I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.
I aim to pursue a career in Finance. I am attracted by this field because Finance is neither completely art nor science but a mixture of both and I enjoy work where there is a scope for thinking and creativity. Moreover I have big passion about the finance. I love watching how money is flowing over the world and the way things affect international financial market. Also analyzing stock market and companies excites me. I know that process to become financial planner is really difficult. However, I know that I can take all the difficulties and will be the best. I am sure that I chose my first step as starting at Eastern Washington University is the best choice. My decision to apply for a master's degree of finance and investment stems from my strong ability for numerical analysis. My previous work experience has been working with business development in the field of hospitality. I have been a part of organizing products to create sustainability for the company. Currently I work as a Lead at Gonzaga University, I began working there more than a year but through leadership development and hard work I was quickly promoted to Supervisor position.
Every day, many people question my passion for pursuing accounting as a profession and the first answer I think of is that I am good with numbers. However, advancing in the field has made me realize that my passion is not only based on figures. Growing up as a kid, I was privileged to have a piggy account where I would save as little as fifty cents per week. Since my parents rewarded me in monetary value as a positive reinforcement in cases of good behaviour, I was motivated to maintain good manners so long as my savings increased. As time went by, I realized I had saved way “too much” money for a little child. The challenge came in the management of the funds because I was focused on spending more on pleasurable activities. However, the guidance of my parents enabled me to prioritize on the more important things and save more. I took interest in managing may own account as a child and even pursued accounting courses in high school. The interest grew deeper because I gained more insight on the facts about accounting and the career. Also, I believed that it is career that one would be self-employed thereby avoiding the dilemmas of lacking jobs after graduating. For instance, one would easily start their own business and manage their finances comfortably.
Msc Finance of the Imperial College Business School is a good course to skyrocket my career in the finance industry. It would provide me the best path in achieving my career goal. Unlike any other Msc Fi...
Main view of this report is to explain how the accounting plays a major role in banking, finance and other sectors of business. To decide this, the following questions are explained as follows: