Certified Public Accountant
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).
The Revenue Act of 1924, which President Calvin Coolidge signed into law to give CPAs the recognition by the federal government to be a professional class. The AICPA (American Institute of Certified Public Accounting) has been given four different names throughout history. It began as the AAPA (American Association of Public Accountants) in 1887. In 1916, the AAPA was succeeded by the Institute of Public Accountants, which changed its name to the AIA (American Institute of Accountants) a year later. That name was taken in 1936 when the AIA merged with the American Society of Certified Public Accountants. The AIA renamed itself the American Institute of Certified Public Accountants (AICPA) in 1957. In 1896, New York Gov. Levi P. Morton signed the first CPA bill into law. Twenty-two members were part of the AICPA when it was formed in 1887. The 16th Amendment of the U.S. Constitution, ratified in 1913, permitted a federal income tax (Tysiac).
In order to do any job there are some requirements and qualifications that you must meet. In the CPA world there is no specific gender that is required, but research shows that the majority are females. Researchers...
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Amelia Annette Baldwin, Brad S. Trinkle. “The Accounting Educators’ Journal.” An Initial Placement Research Ranking of U.S. Accounting Doctoral Programs. N.p., n.d. Web. 27 Apr. 2014.
“Minnesota Society of Certified Public Accountants.” Becoming a CPA in Minnesota: Education, Exam, Certification Requirements. N.p., n.d. Web. 27 Apr. 2014.
New Jersey Society of Certified Public Accountants. “Tax Season in Six Words.” Tax Season in Six Words N.p., 22 Apr. 2014. Web. 27 Apr. 2014.
“PayScale; Compensation Software.” PayScale: Compensation Software. N.p., n.d. Web. 27 Apr. 2014.
“School of Business Administration.” Search Results – School of Business Administration – Wayne State University. N.p., n.d. Web. 27 Apr. 2014.
*** The individual I am interviewing said he would get back with me Tuesday morning so I will put in more details!***
AICPA Professional Ethics for CPA 's Contact Information. (n.d.). Retrieved October 12, 2016, from http://www.cpaboard.wa.gov/individual-licensing/get-your-first-cpa-license/aicpa-professional-ethics-cpas-contact-information
In the months preceding the start of my Federal Tax internship with KPMG, LLP this past summer, I had mixed expectations not only about the potentially difficult work I would be asked to complete, but also about how I would fit in at such a big and prestigious accounting firm with my limited experience and knowledge. In anticipation of my summer at KPMG, I would find myself searching the Internet for articles and forums with helpful advice for new coming “Big-Four” accounting interns and brushing up on some potentially helpful excel formulas. But, as my start date grew nearer, my nerves were progressively replaced with excitement and an eagerness to learn.
Romney, Marshal, and Paul Steinbart. Accounting Information Systmes. 10th ed. Upper Saddle River: Pearson Education, 2006. 193-195.
As we begin to grow up and come to the end of our high school career we must start to begin to start thinking about what type of career we want to be in. It is very important that a person picks the right type of career for them. Otherwise you will be unhappy with what you are doing and will not enjoy it at all. I am not entirely sure what I want my career to be but I have a pretty good idea as to what type of job it will be. I would like to go into the field of a physical therapist and sports medicine, I fell I will enjoy this more than any other type of career just because I already have a lot of interest in it.
What is a CPA? These three letters mean that you have received a broad-based education. They mean you have passed all parts of a very difficult exam. They mean you have the knowledge, skills and abilities to be a trusted business advisor to your clients or employer. They mean you feel comfortable with the latest technology. They mean you are an ethical individual who can provide an independent analysis. CPA’s are many things. They are chief financial officers for Fortune 500 companies and advisors to small neighborhood businesses. They work for large and small public accounting firms. They are well-respected strategic business advisors and decision-makers. They act as consultants on many issues, including taxes and accounting.
Developed by the Committee of Sponsoring Organizations (COSO), a private-sector group consisting of the the American Accounting Association (AAA), the American Institute of Certified Public Accountants (AICPA), the Institute of Internal Auditors (IIA), the Institute of Management Accountants (IMA), and the Financial Executives Institute (FEI).
In conclusion, accounting is the foundation for all business. Whenever a person is starting a company, he/she has to know where their funds will be coming from to start that business. Accountant has to be careful and accurate with numbers and advice they give to people they doing tax return for or explaining how their well business is doing. Accountants prepare financial statements to distribute to companies so that they can see the effectiveness of the business. The lease mistake an accountant makes can cost you hundreds of thousands of dollars, even millions. Anyone who wishes to become an accountant should definitely take the CPA exam, and become a certified accountant. It is a good feeling to know that you can carry out that goal of being a certified and licensed accountant.
The accounting profession industry is changing rapidly, to maintain or develop the accounting profession, Malaysia may need to provide higher education and training for professional. In the future, there is a different of need requirements between the generations, for example, the generation “X”, which their age currently are between 30-45, they are building assets for their future and are keen to adopt new ideas. Besides, generation “Y” which their age are currently around 20-30, are a different breed (Nixon, n.d.). It is a faster moving generation compare to the previous generation. The younger professionals jump into larger roles so quickly, they must ensure that they are constantly learning on the job. Other than that, critical thinking and relationship-building as well as verbal and written communications skills are crucial to being a successful certified public accountant (CPA). Technical knowledge is a minimum requirement, the more diverse a candidate’s knowledge and expertise, the more valuable they become to an
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.
However, some employers prefer to hire applicants who have a master’s degree in accounting or in business administration with a focus in accounting. While there is no license, certification, or registration to be a regular accountant, a license is needed to be a Certified Public Accountant (CPA). To become a CPA, a person needs to pass a national exam and meet other state requirements. In almost all states, potential CPAs are now required to complete 150 semester hours of college work to be certified. Due to this high educational need, many schools offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement. However, needing a master’s degree itself is not required. Finally, passing the four part CPA Exam is required in every U.S. state. All four parts do not have to be passed at one sitting, but most states require that candidates pass all four parts within 18 months of passing their first part. To keep a CPA license active, all states require CPAs to take continuing professional education or CPE’s during their
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 am applying for admission to the Ph.D. program in accounting because I want a career in the research and teaching of accounting. I have wanted to pursue a PhD in accounting since I was a college sophomore about 25 years ago. A PhD in accounting would provide me with opportunity to fulfill my life-long dream of involving in teaching and play a positive role in the lives of my students the same way my teachers have played in mine. Moreover, it would allow me to be involved in research that advances accounting and information systems in decision making, internal control, and auditing and assurance services.
Change is inevitable. Yogi Berra once said “The future ain’t what it used to be.” It is clear that the future of the accounting profession ain’t what it used to be (Gormon and Hargadon 1). The changes occurring are happening fast, they are dynamic and they are completely and undeniably real. Since the world around the accountant is changing, the accountant has no option but to change as well. The field of accounting has always been one to know change and to know adjustment, but within the recent past and certainly within the next few decades, the changes that are occurring and will occur absolutely are the most dramatic and exponential yet. Obvious changes lie in the expanding scope of services performed by accountants, the increased use of
You had better know what you want to do when you get older and you better like it because that is what you will be doing for the rest of your life. However, most of the jobs today needs at least 2-4 years of schooling. I want to be a lawyer. A lawyer will almost always get paid a lot to represent someone or some business. All a lawyer has to do is argue for their client and make them sound good and help them out in legal cases. Also, the lawyer gets to tell their client how much they want to be paid. I think that a lawyering job would be good for me because I love to argue, persuade people, and help people. There are few careers that the general public has the most misconceptions about and lawyers are one of the most common.
Lack of diversity at the top in management poses a disproportionate challenge, contributing to diminishing retention numbers. In 2012, professional staff at CPA firms were composed of 75% Caucasian, 4% African American, 5% Hispanic and Latino, and 15% Pan-Asian. The number of ethnic partners in CPA firms displayed similar trends of Caucasian dominance: 90% Caucasian, 2% African American, 2% Hispanic and Latino, and 5% Pan-Asians. Women have also faced difficulties with advancement in the profession. In 2012, women comprised 44% of professional staff and only 19% of partners.