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The importance of accounting and finance in general
The importance of accounting and finance in general
The importance of accounting and finance in general
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Accountants work in a high stress environment where it is vital to remain detailed, honest, and most importantly organized. Accountants must thrive and be responsible as they play role in their client’s financial future. At a younger age, I developed a quality known as organization; I can now say it is a successful element in my field. An accountant should be a very organized person who is also comfortable working in structured environments. This quality makes me unique because organization sets patterns and routines; it reflects how I portray myself and what kind of work I am capable of doing for myself and for my future employer. To begin with, organization is fundamental for learning in today’s educational system. Currently, as a student, …show more content…
When caretaking for children, it is necessary for me to have an organized schedule that reminds me what the children must do that day. Whether it is meals, activities, bed or clean up time, I am able to plan their daily routines and mine together. For instance, the children are scheduled to eat breakfast at 8am; afterwards they are allowed to play until lunchtime, after lunch the children must take a nap until the time they wake up. While the children take their nap, I am then able to study and do other work. Although, being a caretaker requires full-undivided attention for the children, I endure to find a way that I can balance my time so that I can continue to provide benefit not only to myself but also for the individuals I work for. An external reminder lets me know what I need to do and when it needs to be done; in the accounting field, external reminders are important to have when dealing with multiple tasks. Organization provides a feeling of satisfaction and success when I am able to complete my
Being a food service accountant is a rewarding job that comes with a lot of responsibility. It’s a job that requires one person to be the financial watchdog over the whole food service operation at any particular Air Force base. The food service accountant has to review all financial records, such as purchase order documents, inventory sheets, and waste logs; and then prepare reports to send up to the Services Agency to report on the facility’s financial status. One person can be the accountant for multiple facilities and the entire Air Force is counting on this individual to catch any major signs of wasteful spending from the facilities that the accountant is responsible for overseeing. Individuals lucky enough to get selected for this position are usually handpicked and have a proven record of responsibility and great attention to detail. Being a food service accountant is a privilege with rewarding benefits that most of the people assigned to the same duty section do not get the opportunity to enjoy.
Balancing my priorities by using an organized system has significantly helped me to manage my course work and assistantship goals and be able to include time for my training goals. The most impactful activity has been setting up a monthly, weekly, and daily calendar that covered the entire term with an outline of all major course assignments and assistantship projects with a clear timeline to complete all requirements. Unlike previous semesters, I felt more at ease during the final couple weeks of the semester compared to my peers. This semester, I will continue to commit Thursdays and Fridays to research assistantship work only. Structuring my time this way has really helped me to focus on specific assignments: I feel more effective when I can dedicate an entire day to one project, paper, or task. Though simple, writing everything down and keeping track of my time has facilitated effective prioritization of my time to achieving my goals.
The ethical dilemma in this case is one that Daniel Potter is faced with. Daniel is a staff
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...
What does ethics have to do with accounting? Everything, since there have been some recent financial accounting scandals; a few examples being Xerox, WorldCom, Enron, which have generated much unwanted and unfavorable publicity for CPA's, including those working as controllers or chief financial officers for organizations.
In the case of a private accountant the end of climbing the professional pyramid is at becoming the chief financial officer (CFO). Within a company, this is the most prominent position for a person of an accounting background and field. Prior to becoming a CFO, the private accountant must tackle the positions of control such as assistant controller and controlee. At the achievement of becoming a CFO, the accountant would take on the same responsibilities it once held but to a higher level. It is expected to take control of the companies’ entirety of accounting functions. For a private accountant to reach the level of CFO is quite an accomplishment, but this position bestowed by a small, low-key company does not appear as well on paper as the accomplishment of a public accountant who made a name for themselves.
Because of my early interest in children, I developed a strong desire to teach; consequently, I sought out jobs that allowed me varied experiences with children. My first experience was baby-sitting. Here I quickly learned that children must be told precisely what to do. For example, "Go wash your hands with soap and dry them right now." Or, "You must take your shoes off and then you may get into the bathtub." From the many baby-sitting jobs I had, I soon discovered that if I did not have a plan the day would be total chaos. As early as thirteen I became familiar with the need for structure and creativity when dealing with younger children and found myself loving every minute of it.
However once I enrolled in high school something even greater than organization became part of me. I chose to join the marching band, there I learned that organization and efficiency can benefit each other. What allowed us to be as good as we were was not just hard work, but that we were efficient. Immediately, efficiency formed a perfect marriage with organization in my life. Furthermore, I met all of my closest friends during the countless hours we spent during practice. One whom was Patrick, who also loves organization as much as I do.
An accountant makes sure that the Nation’s firms are run efficiently, the public records are kept accurately, and that taxes are paid properly and on time (“Accountants and Auditors”). Accounting is the study of how a business tracks their income, assets, expenses, and many other things for a period of time. They also do many other things like quality management, tax strategy, and health care benefits management (“Welcome to Careers in Accounting”). An accountant is crucial to the success of a business, without one the business tends to fail.
Before stating my career goals, I would like to mention my motivation in choosing accounting as my career path, the origin of which is elaborated in essay three. As a rigorous and responsible girl with strong rule consciousness, I will commit to providing more accurate and timely accounting information, in order to optimize the business management and help the public understand the operating condition better, thus defending social justice and contributing to well-being.
But before a Learning Organisation can be implemented, a solid foundation can be made by taking into account the following:
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
Accounting has been a living part of history since the Neolithic period and remains a prevalent and ever-evolving profession still to this day. This essay therefore proposes to look at the significance and role of history specifically related to the accountancy field. In order to substantiate this claim of the importance of accounting history, numerous benefits of accounting history will be presented. Factors such as the use of historical research and its availability thereof to constantly develop accounting policies will be discussed as well as how historical accounting practices can be used to understand current practice and assist in the training of individuals in the accounting field. Lastly, the importance of history in the development
Homework is achieved at higher levels, causing timing to increase on such task also the ability to learn. Children now at this rate have not only homework to focus on but also scholarships, colleges, extra curriculum activities, and SAT/ACT. The tole can cause stress and anxiety to the student but their work ethics learned through completing given homework can cause the student mindset to enhance short-term retention, understand the content, and construct thinking. But one may ask themselves, how can a single student that has twenty-four hours in the day as any other normal person have the ability to overcome the tremendous task set forth on their plate. Educators suggests that students that has these different tasks in their lives should break down all the requirements and get themselves an organized plan. A organized plan can create a tremendous and helpful insight that balances the students life out and makes it less stressful. The following is a few tips to getting the job done with a considerable outcome. First step, which is obvious, is to take care of yourself that includes getting enough rest and eating well. Secondly is to get a planner or organizational board that shows what assignments or plans the person has to do for the week or month."Managing materials is one of the three key categories of study skills that contribute to students ' ability to organize, remember and apply their knowledge
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...