Career Opportunities for Filipino Accounting Graduates in International and Local Labor Market
Thesis Statement: “Many accounting graduates in the country prefer to work abroad because of better job opportunities, and the perceived assurance of quality life that they can get in other countries and the same quality of life they can offer their family”
The world is rapidly changing. From the simplest jobs to vast ad high profiting companies, money are constantly flowing and transferring from an individual firm into another. Cash is an essential thing to this process, keeping track and transacting it is equally important. Thus the need for people who are in this job is growing and is a major requirement for the economical process of the business and other money related work.
Accountants prepare a financial statement of the business by analyzing account information business entity. The report stated in financial statement must be accurate with respect to the next user of financial information. They prepare, analyze and examine financial reports, taxes and monitor information system. This information furnish to the manager of the business, industrial and government.
Economic status abroad is more progressive than in the Philippines, because of high salary and low income taxes abroad while in the Philippines has low salary but high income tax. Therefore most of the skilled accountant work in abroad and practice their profession there.
Interviewee’s Profile
Name:Janiz T. Cavita
Profession: Accountant
Age: 33
Gender:Female
School you graduated from:San Pedro College of Business Administration
Year you graduated: 2002
Job experience: 11 years
Conversation:
Me: How long have you been working?
Ms. Cavita: I’ve been working for 11 ye...
... middle of paper ...
...ary. There are still many reasons why they choose to work in the Philippines even though the income taxes was high and there is low salary. Their reasons were they don’t want to leave their family and take risk working in abroad and there are still benefits that satisfy their needs coming from the government and company. Better opportunities in abroad force many Filipino accountants to work there and their dream to travel in different countries were also boost them to work in abroad. They know that in abroad their profession was worth to work for because of the salary they earn abroad worth for their hard work and they feel they feel that the company give importance to their hard work. A better life that they can give to their family that they can achieved by leaving the Philippines and take the sacrifices working alone in abroad and their leaving their family here.
Managerial accounting has changed over the years. Managerial accounting focuses on more than the financial aspect. We will be looking at how managerial accounting affects the business world today. Business also look to the economy, federal taxes, and the financial market so it can make the best decisions for their business.
Super’s theory of career choice focuses on five different life stages. At each stage different experiences and decisions influence and shape persons working lives. These five life stages include; growth (birth-14), exploration (15-24), establishment (25-44), Maintenance (45-64), Decline (65+) (Kleynhans, 2006). An example of this theory prescribes by personal development map since, the growth stage in which I developed a passion for accounting. The exploration stage is when I found a job ,as a accountant clerk to a construction company and until my 24 years old ,I have changed another job as an accountant in Alexander the Great Hotel and at the same time I was study ACCA . In the meanwhile, I became a mother so my priorities have been changed and I stopped my studies.‘Women have split dreams” (Josselso 1978,Roberts and Newton 1986 ),so I stopped my studies for a whole.
The stereotypical image correlated to the account mirrors that of a public accountant. An individual working as a public accountant can expect to work as an independent third party to a multitude of companies. As this third party it is their duty to oversee financial transactions to ensure that the statements of not only the company, but also its’ supporting companies, correctly correspond and match up to the position, results and cash-flow of the clientele. This general quota outlining a public accountants job description is not the same for a private accountant. The main difference between a public and private accountant is that unlike the public and its handle on a multitude of accounts, a private accountant specializes with a certain company or field. With this specialization, a private accountant tackles setting up a system that records the transactions within the business. The recordation of the transactions is then generated into statem...
Managerial accountants need to use accounting information in seeing to it that they are able to plan, evaluate the company performance, manage risks and control the business operations in a manner that is deemed beneficial to the business as a whole (Caplan, n. d). This can be achieved through: having high standards of ethics in all situations; employing the techniques of management reports, budgetary control, and analysis of fund flows and financial statements; making prudent capital investment decisions; and maintaining continuous quality control systems.
Financial accounting is the analysis, classification, and recording of financial transactions and reporting such information to respective users especially external users who use the information to make decisions about their engagements with the entity. In financial accounting general purpose financial statements are used for external reporting. The public by standards imposes the development of the statements through respective national professional bodies, International Accounting Standards Board and respective company Acts for various nations.
In the present day organisations are expanding their operations to different countries of the world. They therefore need people to work there “expatriates”. Once the international assignment is completed, the expatriates have got to go back home, the process of repatriation begins. Even though most expatriates and managers presuppose that the repatriation process will be easy seeing as the employee is just returning home, research has substantiated that this is a tricky process. There is indication that it could be more difficult to adjust to the home environment as opposed to adjusting to life in a foreign nation. Therefore, repatriation process ought to be considered keenly (Baruch et al 2002).
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.
In cultures in which it is quite acceptable to change jobs every few years, employees can build the career they choose for themselves. They can stay with one company as long as it is mutually beneficial to the company and employee. As long as good relationship exists and the employee’s career is advancing at an acceptable pace, the employee can remain with a company. But at any time the employee is free to move to another company, perhaps to achieve a higher position, to move to a new area, or to find anew situation that is more suitable for his or her personality.
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...
They had five research questions related with influence of MBA program for graduate’s career, income, job promotions, and job performance in long and short-term period. They also examined how MBA point average, gender, ethnic background affect graduate’s career development. To investigate these research question topics; short- and long-term impact of MBA education on their careers, they surveyed over 300 MBA graduates from an Association to Advance Collegiate Schools of Business (AACSB) international-accredited college of business. Consequently, they found positive influence on MBA graduate’s annual income, and job promotion in short and long terms. On the other hand, the survey’s data did not show significant differences current or recent job positions with MBA’s GPA, gender, pre-MBA work experience, and different ethnic background. However, they found tendency that part-time MBA students stay at lower-level position, meanwhile, full-time MBA students promote higher-level more easily and quickly. Although this survey’s result indicates smiler point as other article’s survey result, one different point; part-time MBA student tend to stay lower position, was mentioned clearly. Contradiction between two articles is also good information to my topic as well as same
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