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Reflection on being an accounting student
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Financial department is a crucial part of every transnational companies. Accounting information is the basis of making corporation operation decisions, and prediction of a company’s finance situation is helpful in guarantee its future success. it’s very interesting to understand how a company gets income and earns profits, how it makes investment decision. As for a person, how to manage personal finance, and invest assets for growth.
I became interested in accounting when I entered university and took the module of Basic Accounting. My major in Jinan University is business administration, which does not have much courses related to accounting or finance. To confirm that I am really interested in studying accounting and have the ability to
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As a business student, I always want to apply theories into practice and try to find the business opportunities in our daily life. I found that it is a burden for graduates to deal with their unwanted stuff. So I offered to help them organize, and collected used books that they want to throw away in the process, then classified these books according to the types and degree of old and new, sold second-hand books at a low price to freshmen when they entered university in the beginning of the next semester. In this way, not only senior students cost less time to deal with waste, but also freshmen could get their text books conveniently in a cheap price. To make my accounting knowledge into practice, I take part in the summer intern in HAND Enterprise Solutions Co., Ltd in July 2016. This gave me the experience of working as an accountant under ERP system, while showed me the skills and knowledge required for a future career. I realize that financial system is of vital importance in the operation of a business. Companies need to keep records of every aspect in business process, for example, the initial capital, loan repayments, cost of raw material, cost of labour, etc. And every once in a while, they also need to complete several statements, supervise the financial status and make plans for …show more content…
My goal is to get a firm grasp of the knowledge in accounting and finance area, and would like to especially focus on systematical learning of accounting and corporate finance in my postgraduate study. Your university’s topmost reputation in this area is what I have long admired. The program in your university delivers a comprehensive training of modern accounting, finance and business, which will undoubtedly help me to form the competitiveness for my future career. My former knowledge of management and experience of doing project will guarantee my ability to conduct my postgraduate study in accounting and finance, and my experience as an exchange student suggest that I can adapt to my study and life in your university with little trouble and can even help other international students in many aspects. I believe it is the place where my potential will be given free
One must understand that the integral core of a company rests in its accounting and financial areas. The departments’ need employees with an advanced knowledge and skill set to ensure the payment of supplies and accounting on the expenditure is correctly recorded. If the accounting desk presents inaccurate spending calculations on behalf of the company, it could result in spending more than what has actually been earned; this could lead to the company not only being unable to increase in revenue, but also experience loss. It is imperative that the management of the financial department is well informed and able to make decisions by taking into account the usage of every coin stated in the expenditures, and also to know the amount of revenue the company is making so that we can plan on better strategies to improve the revenues (Lu, Madu, Kuei & Winokur, 1994).
Midterm Exam Accounting 598 Part 2 2. What is the difference between a.. A critical component of any accounting theory course is an understanding of the conceptual framework. 2a. What is the difference between a'' and''?
I am an ambitious young Saudi with a bachelor’s degree in Human Resources Management from King Abdulaziz University, Saudi Arabia. I seek admission to (name of university) to attend the MBA Accounting program as a means to achieve my goals. Such goals are to attain the necessary tools so I may initiate my career as an Accountant at one of Saudi Arabia’s largest corporations and utilize my specialized academic education through my position, while continuing to pursue my professional and personal development for the benefit of both the organization and the attainment of my own professional ambitions. I believe that my enthusiasm, determination and dedication to achieve such goals can be maximized by attending your program.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
Both accounting and finance deal with money and assets; however, they are categorically different concepts. This portion of the essay will discuss the dissimilarities between accounting and finance. Examples of different concepts will be given for both practices.
Moreover, the interdisciplinary curriculums designed for students with non-accounting background suit me fine. As a Chinese student majored in electronic commerce and minored in accounting, I hope to take advantage of my disciplinary perspective, dual language ability, and global vision, to understand how business and accounting interacts.
Most critical to this discussion is a clear understanding of what a financial manager is and does and how his or her role aids in helping to establish the valuation of a corporate entity in today's global financial market. Quite simply, a financial manager helps to measure a company's market value and its risk while also helping to systematically reduce its costs and the time necessary to make informed decisions regarding objective driven operations. This is quite a demanding game plan for an individual and most often financial managers, in the corporate world, work in cooperation with a team of financial experts. Each member of that team perhaps having expertise in differing areas of activity, but each however, being no less expert in his or her respective area of endeavors in behalf of the corporation. The team is assembled under the direction of the officer know in the corporation as the Chief Financial Officer who today is becoming increasingly indispensable to the CEO who directs a modern model of action driven, bottom-line oriented corporate activity (Couto, Neilson, 2004). One can accurately state that the role of the competent and capable financial manager is figuratively worth its weight in gold.
I am interested in conducting research and teaching in managerial accounting, auditing and assurance services and accounting information systems. In particular, I am interested in exploring the role of accounting information systems in decision making, internal control, and auditing. In order to gain an appreciation of these and related issues, it is essential for me to have a strong grounding accounting, accounting information systems, information technology, managerial accounting, as well as gain a general economic and management perspective.
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.
From the first tutorial, ‘Current Conceptions of Accounting’, we had already change our prediction on accounting professional. At the beginning, we through that accounting professional would be more formal and format. From what we have learnt from the first two semesters of accounting, we need to do everything under the current structure, standards, and regulations. Accounting is a tool and skill that help us to achieve our career successful. However, the first tutorial activity, which require us to bring up our view of ‘accounting, accountability, or an accountant’ from a lifestyle magazine. This activity make us found that accounting could be just next to us, not just in the career field, but also could find it anywhere in our life. This activity has open up our mind of accounting
Maintaining a company’s financial assets is a daunting task. Cash management techniques and short-term financing provide accounting executives with the tools needed to survive the constant changes within the economy. The combination of these tools and the knowledge of the world economy will assist companies in maintaining current assets and facilitates growth.
What does the accountant of the future need to be successful? A sturdy education that while is based on traditional accounting practices, also prepares future accountants for the plethora of changes happening in the accounting universe. Frequently, most of the institutions responsible for educating professionals fail to evolve as rapidly as the professional practice itself (Bedford et al. 4). In every way, accounting is expanding and in order for the future to have competent accountants, accounting education must expand as well. Major changes occurring in the world of accounting include the expansion of services and products, changes in competition, an increase in specialization, and an increase in and an advancement of technology. It is up to academic institutions to find proactive ways in which to prepare students for such changes. Accounting education of the future will require more breadth to cover the inevitable expansion of services and products, increased knowledge of economics, marketing, management and information systems to increase competitive advantage, a balanced course load that provides a general accounting knowledge as well as increased knowledge of a specialization, and also a greater, proactive focus on the use of continuously advancing accounting technologies (Bedford et al. 8). Also in play is the chance of change in accounting standards, the move from US GAAP to IFRS. While there are no certainties surrounding the threat of such change, students in the U.S. should acquire at least a general, basic feel for the practices used in regards to IFRS. The future health of the accounting profession depends, to a great extent, on the health of our students (Gormon and Hargadon 4). Reorganization of curriculums would surely be difficult and assumedly time-consuming, but nevertheless, completely
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
My interest in Accounting and Finance stems from wanting to understand how governments and businesses make their vital decisions to be profitable. Studying this degree, will allow me to gain an understanding of financial accounting, management accounting and taxation providing me with skills to analyse data and develop my decision making. Additionally being able to incorporate different aspects of business alongside the core modules; will give me more knowledge of the world of accounting and finance.
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.