As I began studying accounting at Indiana University of Pennsylvania, I decided it would be my goal to start my career working for a large accounting firm. Out of 130,000 or more firms, I believe it would be most beneficial for myself to work for Ernst & Young.
The subject of accounting is not everyone’s cup of tea. One needs specific skills and traits to become an accountant. To be an accountant, one must be analytical, well organized, detail-oriented, and a good communicator as well as much more. Accountants prepare and organize financial statements, analyze costs of operations, products, and projects, budget and prepare reports, audit financial statements, etc. In the accounting industry, there are prestigious firms where one would dream to begin a career. These firms are specifically known as the “Big Four Firms.” These firms include PricewaterhouseCoopers or PwC LLP, Deloitte LLP, Ernst & Young or EY LLP, and KPMG LLP.
The Big Four accounting firms specialize in audit, tax, financial planning, and advisory services. The difference between these firms are who they have merged with, their size, locations and monetary figures. According to big4accountingfirms.org, Deloitte is the number one accounting firm in the world followed by PwC, Ernst & Young and lastly, KPMG (The Big Four Accounting Firms, 2013). Within these four firms, which firm would be most beneficial to begin my career? To conclude, more information about each firm is needed.
In 1845, William Deloitte opened an office on Basinghall Street in London. In 1880, Mr. Deloitte opened an office in New York. In 1898, George Touche established an office in London. Deloitte merged with Touche in 1989 to form Deloittle & Touche (Deloitte Development, LLC, 2014). Deloitte pr...
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...re to start my career is my family and future. I want to have a career that allows me to support my family.
I believe Ernst & Young would be most beneficial for me to begin my career. In my opinion, EY has the entire package that I am looking for as a place to start my career in a few years. At EY, everyone’s opinion is valued and teamwork is encouraged. Training and coaching is provided to its employees. They offer great benefits such as health care coverage, savings and retirement plans, time off, support for working families such as back-up child and adult care services, college coach, family medical leave, parental leave, and adoption assistance. These benefits would allow me to support and create a great future for myself. EY goes above and beyond for its employees. For a business to be successful, it requires happy employees. “Building a better working world.
If you do want to work for an accounting firm they would be public and private firms. A public firm does auditing, taxing, advisory, and consulting services. Examples of public firms would be The Big Four (Deloitte, PwC, Ernst & Young, and KPMG). A
PricewaterhouseCoopers is one of the big four accounting firms who’s services include, audit, assurance, consulting, tax services, and risk assurance services. PwC concentrates on 16 key industries and provides precise services that include human resources, deals, forensics, and consulting services. PwC is a firm that is consistently looking to gain an edge for their clients. With its headquarters based in London PwC boasts 776 locations with over 180,000 employees. The empire that is PwC consistently achieves success, recording nearly $31.5 billion in revenues for the fiscal year 2012.
Choosing a career path that is right for you can be the most crucial decisions you make in your life. Not only is making the right choice important for the present, but it is especially important for your future. When choosing a career it is valuable to consider things such as growth potential, monetary benefits, strengths, weaknesses, and your happiness. By doing that it will help clarify the benefits and tradeoffs for each opportunity you are given. That being said, making such a weighted decision that will impact the rest of your life can be nerve-racking, extremely scary, stressful, and outright frustrating. However, making this decision is not impossible and can become less complicated if you are given the right tools. Gathering information
Once you obtain a company's past annual reports, review the most recent report first. At the back of the report, you will find the name of the auditor, somebody like Smith and Smith Accounting. Reputable companies use a certified public accountant to show that the accounting methods used in the report conform to "generally accepted accounting principles."
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...
The three careers in finance that I have an interest in applying are Chief Financial Officer (CFO), Financial Advisor, and Financial Analyst.
14. The three forms of accounting certification are CPA, CMA, and CIA. The best certification for a management accountant is the CMA because it is accepted globally and it requires the certificate holder to be up to date with everything related to management.
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...
My third goal is to become an auditor of Ernst& Young after graduating from my master’s degree. I have talked with many professionals at Ernst &Young. The diversity of the internal culture fascinates me. Public accounting is always a
Growing up is scary. Especially when the future is unpredictable, finding the right job can reduce this. It is tough as a kid to think about how to spend the time in the future and what to be doing as a career. There are a lot of decisions to be made. For example, in order to pick the accurate college it is worthy to know what interests me as an individual. There are questions that can be answered that will be able to suggest a better idea of what jobs apply. Well, in the future I would like to have a career as a Certified Public Accountant (CPA).
A largely accepted language is required for a business or organization to effectively communicate its results and position to stakeholders, which is why accounting has come to be known as the "language of business". Accounting is really the means for providing financial information to others. Financial analyst then take the data the accountants have compiled in the form of reports, and make educated guesses at what their company should do next. David ballast (1996) stated, "The fact remains that accounting and finance are the primary tools for reducing business problems and opportunities to a common denominator, setting goals, measuring results, and making decisions." (p. 1)
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.
Accounting is one of the fastest growing fields in the United States It expands each time a new store, a factory, a filling station, or a school goes up, whether in a large city or a small town. In today's society, the demand for good accountants for exceeds the supply. As our country has expanded, business and industry have become more and more complex, so control here is very important. And control depends on a great deal of the bookkeepers and accountants who can analyze figues and advise management on what should be done. They are using more scientific ways changing money, figuring change, and collecting sales taxes. Moreover, department stores and other companies now have plants and offices widely scattered throughout the country. A new set of bookkeepers and accountants, is needed at each branch. I know there are many managements supervisory, and junior or senior executive positions are bing filled by people who started as accountants because accountants have the knowledge of methods and finance and comprehension of the fundamentals of business, and acc...
A CA (Chartered Accountant) is a professional accountant who has earned the CA title through training and practical experience obtained from the CICA (Canadian Institute of Chartered Accountants). The institute, which has over 66,000 members, conducts research into current business issues and sets accounting and auditing standards for all types of businesses. A CA is a complete professional in the field of Accountancy - informed in the subjects of Accountancy, Auditing, Business Management, Information Technology, Taxation, Corporate and Commercial Law, Financial Management, Economics and other linked subjects.
The normal title for the job that I chose is a “Chartered Accountant”. The job of a chartered accountant is to provide accounting and business advice to companies and individuals. Chartered accountant may also provide information to clients on tax planning, personal financial planning, corporate finance, and information technology (Job Description). The major skills required for a chartered accountant are communications skills, computer skills, and listening skills. A chartered accountant needs communication skills, as they need to talk with their clients, and need to be able to effectively tell the client the advice they are giving. A chartered accountant needs to have computer skills, as they are constantly making calculations using a computer and using different programs to display financial information properly to their clients. Finally, a chartered accountant needs to have good listening skills, as they must give proper and full attention to what the client is saying, without interrupting unnecessarily in between (Do You Have it in You to Become a Chartered Accountant?). Personal abilities to have that are beneficial are strong interpersonal skills. This is because chartered accountants always have to communicate and be social with their clients. They are constantly put in a position where they have to share their expertise with companies and clients. So strong interpersonal skills are important so that they can effectively communicate information with their clients. Also, knowledge of computer programs for auditing and financing is a good personal aptitude to have.