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Personal reflection on accounting
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Is Accounting That Boring In the past, most Americans stifled a yawn when someone mentioned the word "accounting". Accounting is perceived to be so boring because it is analogous to counting. Most older people view it as glorified counting. What could be exciting about that? No one wants to talk about accounting regulations and tax laws. First, I will look at “Gaebler.com” for information concerning the matter. In addition to the typical look upon accountants, I will also take a more public stance from “Answers.yahoo.com”. Of course, a comic from a newspaper article would put the icing on the cake. If one made all of their career decisions based on the fact that they might not like their job in five years, or that it would get boring after awhile, then it would be awfully difficult to ever make a career choice because anyone can thing of something wrong with every job. While the rest of us have been busy coming up with jokes about how boring accountants can be, the world has changed. From a look at “Gaebler.com”, the author is speaking directly to entrepreneurs for sma...
That’s the last of the accountant jokes … I think the facts speak for themselves. In any case, I don’t think it’s valid to bunch all accountants into stereotypes … Nick, for example, is a monotype!
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''?
The adage is a adage. Not only have they been wasting time in which they could have. been doing other useful jobs) but they have also struggled with keeping the accuracy of the mathematical calculations they carry out. Also, the accountancy tends to fall behind on keeping information up. to date. For example, if we start buying a new type of drink, then our Accountants have to go through all the paperwork and try to include where relevant to the case.
The Inside World of an Accounting Supervisor Accounting supervisor? I have never heard of it until I discovered Erica Morrison. Morrison is an accounting supervisor at Alliance Industries in Reno, Ohio. When people think of an accounting supervisor they think of a boss that watches over everything accounting related. Therefore, people believe this job is boring, because who would just want to overlook accounting documents all day?
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...
Management accountants use their skills to help with decisions that help a business make good decisions so they company will be valuable and in an ethical manner. They assess risk and implement strategy through planning, budgeting, and forecasting. Now managerial accounts have become critical with their analysis while managing a business. They do more than provide financial information they also have an active role in the business. Over the years managerial accountants has changed and now provide nonfinancial information. They can help a business achieve their goals. Today there is many things that is influencing how managerial accountants do their job with the emergence of e-business. They can use their knowledge to streamline the e-business (Hilton,2008). Now global competition has new challenges for managerial accounts because trade agreements can affect the way the business performs abroad. Gillet (n.d) said, “To be competitive, manufacturers must keep up
“So much potential for growth” and “A global career” were some of the comments made by the speakers that drew me in. Through research, I repelled the presumptions I had about being an Accountant and quickly fell in love with this career. I do not have a ‘destined to be’ reason, like that I came from a generation of accountants, it was just from taking the opportunity given to me and utilizing it to my best ability. Another opportunity I
Entrepreneurial Culture in Advanced Accounting What do clients expect when they walk into an accounting firm, a quiet environment with comfortable seating and classy, upscale décor. “Organizational change must keep a balance, from the individual point of view” (Viclu, 2015), classic for an Accountant. Accounting is an industry that’s all rules and regulations. Accountants have a reputation for not being fun, and out going, serious is an accountants middle name.
Positive accounting theory is arguably an explanatory of accounting practice; economic based theory. RL Watts and JL Zimmerman developed positive accounting theory in 1980s at the William E School of Administration at the Rochester University. People do not know what they want at times. So there are different options available to accountants. There are some logical facts to choose one specific method. On choosing one specific method, accountants will maximize their own benefit first, and then company benefit, shareholder benefit and at last social benefits. A specific method will allow accountants to feel better to do their work as they like them the way they know and they way they are best at doing (Jayne Godfrey). For instance, accountant will write accumulated depreciation on asset value side for big company whereas when a poor balance sheet, it is better to put accumulated depreciation on credit side, so the company will have extra money in their debit (Ken Leo, John Hoggett, 2012). Accountants will use choice of accounting method depending on the situation. Positive accounting theory consists of different types of hypothesis such as bonus plan, political cost and debt hypothesis, which allow the managers to choose one specific method over another. It is accountants’ theory and it is descriptive and accountants will tell what to record.
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.
When I started my college career, I believed that I wanted to go into politics and become a senator one day. As I attended classes for this major, however, I discovered that was not what I wanted to do and switched to Business Administration, as I have always had an affinity for business and believed that it would provide me with a good job one day. For this degree, I had to take an introduction to Accounting, and during this class I learned that this was something that I seemed to not only to have a knack for, but something I enjoyed. I like how accounting can almost be seen as a puzzle, fitting the right figures into the correct accounts, and knowing that the information garnered is of enormous use to the business world. My college was having
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 aids the government and organisations in decision making for their financial stability. This numerical data helps solve real life problems and contributes to how the economy and businesses perform.
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.