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Reflection about role of financial manager
Reflection about role of financial manager
Benefits and limitations of strategic planning in organisation
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Career Goals When I married nearly 5 years ago, I suddenly needed to relocate and find a new job where my husband and I decided to reside. I was working as a department manager for accounts payables and assistant bookkeeper, a position I acquired through many years of experience and time with the company. It was over two years before I found a suitable replacement job and in the meantime I had a long commute to work and home everyday. Eventually I accepted a substantially lower position and pay then my knowledge and previous experience. I feel that had I attained a college degree, a requirement for most career opportunities, my job search would not have been so lengthy. Today I am finally working towards my AAS in Business and I would like to increase my accounting knowledge and increase my opportunity for advancement in my secular job, by specializing in human resources and eventually managerial accounting. Advancing my knowledge in the accounting field seems to be the most logical fit for me. I work …show more content…
An accounting manager is responsible for the financial health of a company, and the development of strategies and plans for long-term financial goals of their organization. They oversee the daily operations of the accounting department, forecast the financial needs of the company and assist the company manager with organization by assigning projects and directing staff. In order to successfully manage a company’s finances, the financial manager reconciles day-to-day accounting activities and establishes financial status by developing and implementing systems for collecting, analyzing, verifying and reporting financial information. A financial manager is also responsible for establishing and enforcing proper accounting methods and policies, as well as helping auditors who will verify the accuracy of the financial reports and look for any misrepresentation or fraud within the
Majored in accounting during my undergraduate at Michigan State University, I am determined to be an audit professional at a public accounting firm in Toronto upon graduation from MMPA program. To better qualify myself and equip myself with advanced accounting knowledge, I am dedicated to obtaining the CPA designation as well. In the next three to five years, I see myself being promoted from an associate to a manager who will lead a team and direct a project. Working as a manager in a public accounting firm will definitely sharpen my leadership ability and problem-solving skills, which are prerequisites for my long-term career objective. Ten years down the road, I want to work in the finance department of a public company as CFO or controller,
Management accounting in organisation is very important for decision-making and to make the business more efficient and therefore increasing its profits. Is the process of preparing accounts that can help managers to make day-to-day and short-term decisions, by providing them with accurate and timely key financial and statistical information...
Accounting is basically a service activity. Its purpose is to provide quantitative information that principally used by the managers, investors, tax authorities, and other decision makers to make the financial decisions within companies, organizations, and public agencies. Accounting is also widely known as the “language of business.” An accountant measures, communicates, and interprets financial activities. They prepare financial statements or reports for individuals, businesses, government agencies, or other non-profit organizations. They use the accounting systems to categorize the expenses and income to the typical groups. They also keep tract of the money received or paid out to see if the transactions are accurate and complete. Accountants are familiar with the computer operation. They use the computer...
Educational Goals: Education is extremely important part of my past, present, and future goals. I currently hold an Associate of Applied Science in Graphic Design Media. I have found that an A.A.S Degree does not go as far al I originally intended in the Rochester, MN area and furthering my education will be a necessity for my future career goals. Over the past 2 years I have been working on my Bachelor of Science in Business Administration at the Minnesota School of Business Rochester campus. I am currently a senior with 3 quarters left before a spring graduation. After a June graduation, I plan on taking a summer quarter break. After summer break I will either continue on at MSB for my Masters in Business Administration with a Minor in Marketing or transferring the University of Minnesota for my Masters in Adult Education. After my Masters Degree is complete I will decide at that time if I wish to continue on and achieve my Ph.D.
In Management, the accountant gives advices to the individuals and business people, how to manage their business. The account information is considered and some business decisions are taken in both financial and non-financial departments. Budgeting, tax filing, and financial statements. Other activities like involve in planning com...
First, I will express my personal mastery journey with my work life. I just recently graduated from the University of Indianapolis with my undergraduate degree in accounting. I graduated with a high GPA while participating in collegiate baseball, which I believe will help set me apart from others when beginning my career. That being said, I also believe that I have a lot of learning to do in order to be successful in my early career. I feel that I did not learn as much as I should have about accounting and I will need to dedicate a significant amount of time relearning and learning to have success in the accounting field. My vision for my career is to be a partner at a mid-level accounting firm in my early to mid 30’s. I aspire to be at a company that challenges me and allows me to progress and meet my goals. I would prefer a mid-level accounting firm because it would allow a better work life balance due to less hours. In order for me to bridge this very large gap of where I am currently at and where I aspire to be, there are a great deal of obstacles I need to overcome. First, I need to land an entry level position with an accounting firm that I feel will allow me to grow and succeed. I also need to put in the time to learn as much as I can about the profession. Finally, I need to allocate a substantial amount of time to studying and passing the certified public accountant exam. This is my
When I think of a financial manager, accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently, make sure their records are accurate, and that their taxes are paid properly and on time. Accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients. They record and analyze the financial information of the companies for which they work. Other responsibilities include budgeting, performance evaluation, cost management, and asset management. “The role of the financial manager has expanded beyond traditional responsibilities related to company's finances. A financial manager, through his/her understanding of the company's financial health, the current market, and the goals of the company, helps set direction and guides decision making.” Financial managers perform several different task related to finance for their organization they normally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies.
My first goal is to continue my education by earning a Master’s degree in Accounting right after completing my bachelor’s degree. The MSU’s Accounting program attracts me for both its reputation and its career opportunities available for international students. It is my responsibility as a future accountant to be really familiar and proficient at the tools accountants use regularly. Achieving my master’s degree will also help me achieving my second goal of becoming a CPA by meeting the requirement of curriculum. Thus, I am professionally and academically motivated to earn a Master’s degree of Accounting at the Broad Business College.
The reason I decided to pursue a career in accounting is because I have always been interested in the business world and accounting is considered a basic tool of business. I have worked for small and large business firms; also in private and public sectors which helped me develop a strong linking with the industry as a whole and solidified my interest in accounting.
Accountants are becoming a needed job in the business industry and play a very important role in the success of many businesses. This job usually requires at least a bachelor’s degree in accounting and sometimes even a CPA (Certified Public Accountant). There are many other things that are needed to be considered before choosing this career. The job environment, education, skills, and benefits are just some of the many things that need to be thought through before considering this career.
I have taken a lot of time this semester to think about and focus on a career path. After much consideration, I am now planning a path to become a licensed accountant. Certified Public Accountants oversee financial operations and examine and make sure financial records are correct. Many people call accounting the “language of business”, because many of the decisions made by companies are not made without looking at an accountant’s report. This job is appealing to me because it is a job that has a routine, I would get to work with numbers, and it is a respectable job that not everyone can do. To pursue this career, I would have to obtain a degree in accounting or a similar degree, like a degree in finances, and pass the Certified Public Accountant exam.
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.
Professionally my plan after I complete my master’s degree is to advance my career by obtaining an upper-level account...
Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman, from the operator of a filling station to the government of the United States. It's so important to our society. None of the business organization can operate without is. They are there-somewhere-in every business. In small business, people use pen, ink and skill keep the records. In large business, modern accounting machines are used to operate. Men and women are directing these machines in the accounting process. Wise businessmen enter business must have some accounting knowledge.
A financial manager is responsible for budgeting, projecting cash flows, and determining how to invest and finance project (Boundless, 2014). They are responsible for knowing how much the product or project is expected to cost and how much revenue it is expected to earn so that the company can invest the appropriate amount in the product or project (Boundless, 2014). Financial managers take on various roles and positions while continuing to carry out their main job responsibilities.