Accounting

1861 Words4 Pages
bulb-icon

Recommended: Importance of professional ethics in accounting

Accounting
The nature of work of accountants and auditors is to prepare, analyze, and verify financial reports and taxes, and monitor information systems that furnish this information to managers in business, industry, and government. The major fields of accounting are Public accountants who have their own business or work for public accounting firms. They perform a large range of responsibilities such as doing taxes, numerous accounting and auditing, consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. Management accountants also called industrial, corporate, or private accountants record and analyze the financial information of the companies for which they work with. Other responsibilities include budgeting, cost management, and asset management. These accountants analyze and interpret the financial information corporate executives use to make sound business decisions. Internal auditors are very important to our system. When companies make information more timely, top management base their decisions on actual data, rather than their personal opinion. So these auditors verify the accuracy of their organization’s records and check for mismanagement, waste or fraud. Government accountants maintain and examine the records of government agencies, and audit private business and individuals whose activities are subject to government regulations or taxation. All ranks of government accounting sees that revenues are received and expenditures are made in accordance to laws and regulations. Many who have a background in accounting work for the federal government as Internal Revenue Service Agents. Within each field, accountants often concentrate on one aspect of accounting. Jonda Dunn who I interviewed works for B. Lee Hubbard and Company in Jackson, Ohio. She has worked there for six years and enjoys her job. She has received a bachelor’s degree in accounting and minored in Computer Science. She chose this career because she loves math and numbers. Mrs. Dunn deals with payrolls, bank reconciliation’s, and financial statements.
In accountants working conditions they are usually placed in an office setting. Self employed accountants are able to do part of their work at home instead of the office. Those who may be employed by public firms and...

... middle of paper ...

.... With more than 90,000 people in over 130 countries, the members of Deloitte Touché Tohmatsu are dedicated to delivering world-class service to their world-class clients. They are located 10 Westport Road, Wilton, CT 06897, (203) 761-3000 but they also have numerous offices throughout the United States. Their worldwide revenue: $4.2 billion. CPA employees: 8,600.
My last choice to be employed is at BDO Seidman, which is a national organization, focused on serving clients through business lines: Tax; Assurance; Financial Advisory Services and Wave Bend Solutions. Through leadership in Tax consulting, clients benefit from an unparalleled approach to tax planning, consulting and compliance and experience in transaction structuring to help reduce tax consequences. The practice employs a service philosophy of extensive partner involvement to provide insightful and constructive suggestions for improving clients' business strategies, management information, operating and accounting procedures and controls. They are located 15 Columbus Circle 1, New York, NY 10023, and (212) 765-7500. With worldwide revenue: $181 million. CPA employees: 840.

Show More
Related

  • Public Versus Private Accounting

    999 Words  | 2 Pages

    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...

    Read More

  • Theme Of Alcoholism In Edgar Allan Poe

    822 Words  | 2 Pages

    Edgar Allan Poe did not have the idlest life. His parents died while he was at a young age, and later became an alcoholic. Many of his works are about death, alcohol, and revenge. His works could have been a way to express his anger and sorrow without having to actually put his personal life into a book. His Edgar Allan Poe applied his personal turmoil by the themes, symbols, motifs, and the narrator’s experiences.

    Read More

  • Pros And Cons Of Mandatory Organ Donation

    1041 Words  | 3 Pages

    “Mandated choice is a prime example of how to transform the ineffective system we currently have while simultaneously avoiding much of the controversy between presumed refusal and presumed consent. By eliminating the “presumed” nearly every individual could explicitly state their wishes prior to death.” (Springer.) This will require people citizens to consider their own death and how they feel about their organs being donated. Families of the deceased must decide whether or not to donate their organs and during the whirlpool of emotions that devour the family while grieving, it seems disrespectful to ask them about hacking the organs out of their

    Read More

  • Social Promotion VS. Retention

    1857 Words  | 4 Pages

    This critical issue of Social Promotion and retention is a hard one to figure out. Exactly what is social promotion? Social Promotion is the practice of promoting students to the next grade level regardless of their academic progress. How serious id this issue? It is so serious that California, Delaware, South Carolina and Wisconsin have all passed laws forbidding the practice and in effect requiring schools to reinstate retention. What exactly is retention? It is the practice of holding back students to repeat a grade if they have not successfully met the requirements to go to the next grade level. This has been the practice of school systems for many years and The National Center for Education Static’s show that 16.8% of seniors have repeated at least one grade. The most frequently repeated grades were kindergarten through second.

    Read More

  • The Psychological Effects of Prisons

    1146 Words  | 3 Pages

    One of the largest problems with the prison issue in America today is that it gets little attention. Unlike education, pollution or gun control people are usually not concerned enough to get involved with the problem until it happens to someone they love or themselves. Many people don't realize that the U.S. in on the same level as third world and totalitarian nations in it's practices of corrections, according to some activists. The prisons in the U.S. are in severe default of the international laws on human rights and cruelty. The facts have been proven true in studies done by the UN. Guards are now known to perform acts of violence on inmates that are sometimes more severe than the crime that put the inmate in prison. In one article about the harshness of the correction officers a former inmate describes one of the beatings of another inmate as one of the worst beatings he'd ever seen. "The assistant Warden grabbed his testicles and starts yanking on them". " At least fifty guys got in on it maybe more". (Prison Activist Resource Center, 1)

    Read More

  • Alcohol Consumption In The Cask Of Amontillado By Edgar Allen Poe

    1325 Words  | 3 Pages

    “According to research that individuals may be more likely to be put themselves in risky health behaviors when they are around others also engaged in those behaviors” (qtd. in Varela). Poe writes stories by making a connection with the links of mind and matter to the center of the soul, which makes his story, “The Cask of Amontillado” to be illustrated as evil. “The relationship between stress and alcohol drinking is complicated by a host of alcohol-related factors such as history of use, level and pattern of drinking, or timing of accessibility of alcohol in relation to stress experience as well as stress-related factors such as type, chronicity, predictability, and controllability that intersect with a number of biological variables in genetics, age, and sex” (qtd. in Becker). For example, according to Clarke, Uhart, and Wand “clear individual differences exist in sensitivity tom perception of, and responsiveness to stress and alcohol, and both clinical and preclinical evidence indicate that genetic factors help shape the nature of the relationship between stress and alcohol drinking” (qtd. in Becker). In another word, alcohol and stress to depress actually goes in hand in hand, which it could change the way how the people behave and thinks. When Poe 's wife was ill and later passed away, it really brought Poe down to the bottom where he couldn 't live without her and he was previously alcoholic but

    Read More

  • Organ Donation Essay

    1585 Words  | 4 Pages

    The supply or organs is very limited and making it mandatory for people to donate their deceased family members’ organs will increase the supply and potentially speed up the process for people on the waiting list. By documenting the decision of being an organ donor on a driver’s license, donor card, or through a donor registry, the family of the deceased are able to take the steps needed in order to ensure that their loved ones are able to exercise their rights and make a determination for them about the disposal of their organs after they have died. This decision is a huge sadness for the family members who disagree with organ donation, but shows that the individual considered a decision that after death, he or she has the potential to save the lives for others and improve their quality of life. Organ donation is a crucial step needed in order for people to survive, but unfortunately there just isn’t enough organs to go around for everyone. On an estimate, let’s say over 100,000 people die annually in the United States alone. All of these people can be potential donors, but without the consent of the person or their family members, their organs will be left to decompose in the dirt instead of being donated to people who really need them. Making donations mandatory will eliminate the possibility of organs going to waste and being the all you can eat buffet for the creatures underground. In the data collected in by the Health Resources and Services Administration, “121,455 people needed a lifesaving transplant” while there were only “15,064 donors”. The data also included that “Every ten minutes, someone is added to the national transplant waiting list” while “On average, 21 people die each day while waiting for a transplant”. Saving the lives of people who are actually still alive should be more important than family members

    Read More

  • Argumentative Essay: The Ethics Of Organ Donation

    1316 Words  | 3 Pages

    Organ sales and donation are a controversial topic that many individuals cannot seem to agree upon. However, if someone close; a family member, friend, or someone important in life needed a transplant, would that mindset change? There are over one hundred and nineteen thousand men, women, and children currently waiting on the transplant list, and twenty-two of them die each day waiting for a transplant (Organ, 2015). The numbers do not lie. Something needs to be done to ensure a second chance at life for these individuals. Unfortunately, organ sales are illegal per federal law and deemed immoral. Why is it the government’s choice what individuals do with their own body? Organ sales can be considered an ethical practice when all sides of the story are examined. There are a few meanings to the word ethical in this situation; first, it would boost the supply for the

    Read More

  • Organ Donation Should Be Mandatory Essay

    1067 Words  | 3 Pages

    Is there any moral dilemma in making the provision of a means of survival for those in need mandatory? In the world at any given time there are countless individuals whose organs are failing them to the point of threatening their lives. In the world at any given time there are also countless healthy individuals and individuals taking their last breath, who possess what those aforementioned individuals need to survive. Given this truth, we would argue that any recantations about organ donation do not outweigh the proponents of organ donation. We propose that organ donation should be mandatory upon the death of an individual, and should be considered on a situational basis in cases where the donor is a living donor.

    Read More

  • Statement of Purpose for a Ph.D in Accounting

    2033 Words  | 5 Pages

    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.

    Read More

  • Essay On The Effectiveness Of Prison

    715 Words  | 2 Pages

    Crank and Timothy Brezina mention how some inmates have adjusted to life behind bars and do not view their time in prison as severe punishment. The perceived punitiveness of prisons vary from every prisoner. James Austin states that deterrence is a key concept that assumes the threat, or the actual pain of imprisonment will serve to either reduce crime in general or reduce the recidivism of individual offenders. But, it seems to be that the purpose of prison does not seem to be getting through to some individuals. Although the focus of these studies is on the perceived severity of imprisonment relative to other sanctions, the overall conclusion that can be drawn from the findings is that punishments, including prison time, ‘‘have different impacts on different people’’ ("Prison Will Either"). People have different perceptions when having to be locked up. Prison will either make or break a

    Read More

  • Entrepreneurship: Advice on Starting a Business

    3528 Words  | 8 Pages

    I commend your ability to grow your clientele quickly, having the forethought to hire additional CPAs to be able to handle the influx of business that is relative to the tax season, as well as hiring Lisa to provide administrative support for the office. Through the gathering of information from our discussions, interviewing staff, analyzing customer surveys, review of financial docu...

    Read More

  • National Crisis

    1542 Words  | 4 Pages

    Social promotion, the national crisis, is the promotion of students to the next grade level without mastery of their current curriculum.(www.ncrel.org) "More than half of teachers surveyed in a recent poll stated that they had promoted unprepared students in the last school year, often because they see no alternative." (www.ed.gov) If a teacher sees no option for a student other than failing or socially promoting them, the teacher generally promotes them, because it goes over easier with in society and authority. This is essentially depleting the educational standards of our country. Standards are lowered as students are continually cheated of the material necessary to independently survive in the "real" world.

    Read More

  • Pursuing a Career as an Accountant

    1072 Words  | 3 Pages

    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.

    Read More

  • The Importance Of Accounting In Our Modern Society

    2459 Words  | 5 Pages

    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...

    Read More

More about Accounting

Open Document