Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Reflection about role of financial manager
Reflection about role of financial manager
Benefits and limitations of strategic planning in organisation
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Reflection about role of financial manager
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
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...
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,
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.
Each person has a different idea of what it means to be successful. After talking to my family and some friends, I know that I have several strengths and weaknesses. I know that I will face some opportunities and threats. Also, I know that I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recession and starting salary are 3 major threats to my financial success. I will face all the accounting major competitors from the Midwest.
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.
The career requirements vary from school to school. Although accounting education majorly requires an extreme concentration on Mathematics, business, economics, and finance (Nobes). Every profession has a set of standards that must be achieved educationally. Since I plan to shift and complete the program at Kennesaw State University, there are specific needs to enter the school. For instance, a letter of application with at least three references, a letter of good character from the home institution, and past academic transcripts from the previous institutions (Kennesaw State
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 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.
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
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.
Pursuing the degree in accounting would definitely open up the doors for me. It can prepare me for advancement and give me the foundations to become a CPA, to pursue a career in finance or corporate management, to work in government, or become an entrepreneur. As a matter of fact, no matter what I decide to do, having an accounting background
I first became interested in accounting when I was working for a small, home run business, Accounting Magic. While I did data entry of payments, receivables and payables, I was intrigued by the organization of it all. It reminded me, oddly enough, of parsing sentences in Latin or Greek and it fascinated me. When I moved on to a fulltime position at EIS, where I have worked for the past two years, I was happy to find that I was able to continue with accounting tasks. I spend a lot of time reconciling branch payment discrepancies and I find the research involved just as gratifying as translating Julius Caesar’s letters or Xenophon’s texts. This enjoyment led me to take courses at CPCC for the last two semesters and there the idea that I wanted to get a degree in accounting was cemented.
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.
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.