Accounting is the art of recording, summarizing, reporting, and analyzing financial transactions. Many accountants produce and analyze financial reports. A good accountant can develop a system that will capture all of the necessary details to make the business successful, weather it is managerial, projection, analysis, financial reporting and tax reports. In any business, doesn’t matter how big or small, financial statements are very crucial if achieving success is your ultimate goal. Accounting can be a really broad topic and this paper will focus more in tax accounting and the requirements tone must need to reach a good job position.
Partner is one of the highest positions an accountant can hold within a company and are also co-owners of the company. There are many skills that one acquires by working in the accounting profession that are both important for current employers, but for future employers as well. Such skills are as followed: Analytical/Research Skills: Working as an accountant requires strong analytical skills as accountants’ must analyze important financial figures and charts, as well as complete thorough research and organize financial data. Integrity: Due to the nature of confidentiality surrounding the accounting profession, accountants must work with the highest integrity and ethical standard. Accountants must stay loyal to both their company and their customers.
Retrieved from http://www.journalofaccountancy.com/Issues/2006/Jul/TheSmallFirmAdvantage.htm Myer, P. (1982). Monetary Economics and Financial Markets. Homewood, IL: Richard D. Irwin, INC. Rosen, H. (1999) Public Finances, Fifth Edition. NY: Irwin McGraw-Hill Swain, K. (2014) What are the Advantages & Disadvantages of Working for a CPA Firm?. Retrieved from http://everydaylife.globalpost.com/advantages-disadvantages-working-cpa-firm-19197.html/
The Sarbanes-Oxley Act of 2002 (SOX) was passed after the Enron scandal had been all over television headlines. It was clear that something had to be done to ensure that companies practiced and adhered to sound accounting principles and that they were verified often. SOX did just that: [it] “imposes more responsibilities on corporate executives and boards of directors to ensure that companies’ internal controls are reliable and effective”. (Weygandt, Kimmel and Kieso, 2008) SOX has increased the job demand for accountants and highlighted the importance of this department to an organization. Companies have experienced increased productivity and efficiency since the implementation of SOX requirements, as the tighter controls have force companies to audit the procedures and methods in which they record, organize, and calculate information.
I have recorded receipts, recorded purchases, used QuickBooks, completed payroll, and completed bank reconciliations. I am also going to be able to build on that foundation when I begin to network with people who have been accountants for years. I am eager to learn so that I can grow as an accountant. I want to strive to be the best that I can
I will pursue a Bachelor’s Degree of Science in Business Management and Economics with a concentration in Accounting. Completion of these studies at Empire State College will allow me to achieve my personal and professional goals without compromising my life’s responsibilities. The goals that I have planned for myself are quite common. The main goal is to achieve the self-confidence and self-satisfaction derived from becoming an educated individual with increased knowledge and abilities. Educationally, I wish to build upon my past experiences and capabilities.
The Requirements to be A Successful Accountant Accounting, which has been called the "language of business", includes different types of economic activities like preparing and checking the records that are related to finance. An accountant’s task is to make sure that the records are written accurately and the taxes are paid timely. Furthermore, the job is to examine the accounting books and accounting systems officially to keep them up to date. Nowadays, accounting is known as a popular business-related major. More and more people decide to become different types of accountants because of the successfulness that the jobs can bring.
Individuals would also be working as a team with others on an important account or on financial statements (“Welcome to Careers in Accounting”). Some qualifications fo... ... middle of paper ... ... degree in accounting. I think that family members have also been a big influence on my decision to pursue a career in the business of accounting. Accounting is something that I have come to enjoy and seem to know a great deal about and like to continue learning and doing. Works Cited "Accountants."
This is because chartered accountants always have to communicate and be social with their clients. They are constantly put in a position where they have to share their expertise with companies and clients. So strong interpersonal skills are important so that they can effectively communicate information with their clients. Also, knowledge of computer programs for auditing and financing is a good personal aptitude to have. Qualifications Background experience in auditing and finance can help a person acquire skills necessary to qualify for becoming a charte... ... middle of paper ... ... April 27, 2014, from http://www.becomeacaincanada.ca/item47117.html The Benefits Of Being A Chartered Accountant.
Accounting is one of the most popular careers that deal with business for maintaining records of profit and loss, tax liability, including other financial activities that brings many businesses organization into a success career. In accounting, many typical tasks are required to be done, develop and maintain are very important like reports, the balance sheet that must be done on a daily schedule. Like any other job, accounting deals with a variety of clients, which would either be with government agencies and keeping up with their records. Accounting has become one of the most influential careers today. Many employees have pursued their goal by getting an education in college about Business Accounting and apply for a decent job after they finish school.