Essay For Accounting And Finance
explanatory Essay
548 words
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.
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.
Whilst studying A- Level Psychology, Chemistry and BTEC ICT, I have gained skills which will benefit me in studying Accounting and Finance. Studying Psychology through a distance learning course has enhanced my independent study skills; ensuring I meet the necessary deadlines and giving me a head start in experiencing the university teaching style. Psychology has given me an insi...
In this essay, the author
- Explains that 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.
- Explains their interest in accounting and finance stems from wanting to understand how governments and businesses make their vital decisions to be profitable.
- Explains that studying a-level psychology, chemistry and btec ict has sharpened their mathematical skills and helped them study accounting and finance.
- Explains their work experience with roche pharmaceuticals has given them an insight into the business environment. they gain knowledge of how different departments within a business corporation work collectively.
- Describes how they improved their communication and teamwork skills through work experience at peacocks and lloyds pharmacy.
- Narrates how they attended a panjabi class at their local gurdwara to gain knowledge and understanding of the sikh religion and how to communicate successfully in panjab.
- Opines that they enjoy cycling, badminton, and other sports in their spare time. they have completed a 5k race for life to raise money for cancer research and the 10 mile walk for promise dreams charity.
- Opines that university will be a successful route for them to gain the knowledge needed to be an accountant and gain valuable, transferrable employability skills. they are self-motivated and hardworking.
Related
- explanatory
- opinionated
- Personal Statement: Accounting And Financeexplanatory essayPersonal Statement ZHAO FENG As an undergraduate who studies accounting and finance. I started to learn about accounting and finance since 2013 when I was in A-level. At that time, we have been asking to present business news in each economic class. It has motives me to gathering finical information from The Economist and BBC The world business News report.
In this essay, the author
- Explains that they started studying accounting and finance in 2013 when they were in a-level. the experiences of working as an intern at the bank of hebei and pwc in 2016 encouraged them to become a professional accountant.
- Describes their interest in accounting and finance as a complicated and fascinating social science subject with strict logic and unique perspective.
- Explains that they acquired a solid academic background on economics by being exposed systematically to concepts and theories.
- Describes how they worked at the assurance department of pwc in beijing as an intern.
- Opines that they would like to pursue a doctorate degree after graduating from the university of essex.
971 wordsRead More - Accounting Personal Statementopinionated essayAt a glance, accounting might appear as a repetitive cycle of preparing and examining financial statements. However, a brief exposure to accounting has taught me how chaotic it can be for accountants. An accountant captures and represents the information of businesses. By reviewing financial operations, an accountant helps a business run efficiently. This profession can be intellectually stimulating and rewarding. After learning about accounting, I cannot help but be interested and desire to work toward a degree in accountancy. In my studies, I have learned accountants require a plethora of qualities to be successful. And to mature from a student to a professional, I must resolve to strengthen my weaknesses. There is much I must learn and achieve, but a degree in accounting is well worth the time spent.
In this essay, the author
- Explains that accounting is a repetitive cycle of preparing and examining financial statements, but exposure to it has taught them how chaotic it can be for accountants.
- Explains that accounting seizes their interest for a number of reasons. they possess strong analytical skills and enjoy working with numbers.
- Opines that an accountant must have a strong sense of ethics and integrity to succeed and not be burdened by responsibilities.
- Opines that overcoming their weaknesses is an important step as they pursue an education in accountancy.
- Opines that they are not the most confident individual, but can easily see themselves becoming an accountant in the years to come.
736 wordsRead More - Essay On Financial Accounting Principles And Analysisexplanatory essayUnit 2-Assignment 2-Case Study Part 1 GB518 Financial Accounting Principles and Analysis Brad Friedman Prof Leon Grove May 20th, 2014 Introduction When it comes to running and managing an effective business operation, there are many important considerations to be mindful of. Whether it’s a small business or a conglomerate, it’s crucial to hold a strong competitive advantage. This basically means that there needs to be something that differentiates the business from the rest of the competition, such as the products and services that are offered.
In this essay, the author
- Explains that all profits and losses belong to the owner. the business is run by only one person.
- Explains that it is easy to establish: all profits and liabilities belong to one person. no paper work is needed and no fees are paid, so the cost of establishment is almost nothing.
- Explains that it is also easy to make business decisions: only one-person runs walmart and all profits and losses belong to him. he is responsible for all consequences of the decision.
- Explains that if the business incurs losses for more than the amount invested by the owner, all losses are to be impacted on to the owners. the owner and business are separate from each other, both from an accounting and legal standpoint.
- Explains how listing walmart on the stock exchange and in various securities, such as bonds, can help raise funds from the general public. stocks can be issued to raise further capital for the operation of the business.
- Opines that management makes better planning and decisions regarding activities of the business, both in the short-term as well as the long term. shareholders are investors, but they do not manage walmart.
- Explains that the liability of the owner is limited to the amount invested as paid capital and the company makes a loss of $5 billion.
- Explains walmart's shares can be traded in the market and can own a certain market value of the company business.
- Explains that registering a listed company involves paper work and money invested in order to be registered with the securities and exchange commission (sec).
- Explains that it is required to follow the rules and regulations of various governing authorities, such as the sec and the stock exchange where the company is listed.
- Explains that incomes of listed companies are taxed twice: once when the net income of the business is calculated and again when dividends are declared.
- Explains the preparation of financial statements from above the adjusted trial balance, including the income statement, balance sheet, statement of owner's equity, and cash flow statement.
- Explains that under the computerized accounting system, all accounting cycle activities are processed by the software itself and reports are generated as designed. the worksheet is not required to prepare financial statements on a monthly, quarterly or an annual basis.
- Explains that walmart takes around two months to submit its annual statements through the 10-k form. walmart reported its financial results for the fourth quarter and fiscal year ended jan. 31, 2014.
- Explains that it's crucial to hold a strong competitive advantage, such as the products and services that are offered. walmart is considered the largest among all retailers, but faces many challenges from industry competitors.
- Explains that walmart was formed into a listed company in 1972 after listing on the nyse.
- Explains that walmart's "company year" ends on jan 31 of each year, comprised of a 12-month period.
- Cites walmart corporate's q4 underlying eps of $1.60 and fiscal 2014, which is based on $5.11. wal-mart stores, inc.
1311 wordsRead More - Finance Personal Statementopinionated essayMsc Finance of the Imperial College Business School is a good course to skyrocket my career in the finance industry. It would provide me the best path in achieving my career goal. Unlike any other Msc Fi...
In this essay, the author
- Explains that finance fascinated them right from their undergraduate college days. they believe it would provide them with a broad range of career options as one of the most important sectors in the world.
- Opines that investing is about choices and risk taking. it has the ability to generate profits or cause losses.
- Opines that msc finance of the imperial college business school is a good course to skyrocket their career in the finance industry.
- Opines that the partnership with the renowned cfa program is another reason why they are drawn to the business school.
- Explains that their biggest achievement was being awarded the vice chancellor's award twice and the dean’s list awards for outstanding performance in studies. they also participated in a wide range of extra-curricular activities.
- Describes how they gained a further insight of the world of business and finance through an internship with malaysia's biggest multinational conglomerate, sime darby berhad.
- Opines that the course will provide them with a solid foundation in achieving their career plan.
548 wordsRead More - Essay On Challenges Of Accountingexplanatory essayAccounting dates back as far as first centuries, is the language of business. As everything has gone through many changes, accounting has also changed many times through out the centuries. It went from the use of abacus to the most advanced softwares, and computers. With these drastic improvements nowadays accounting, financial accounting and management are facing big challenges. From the presentation of the reports to communication to the users, investors, and owners, the accounting field has gained totally a new shape from two decades ago. Today with the dynamic change in every aspect of life, the accounting field has to act fast and be able to adapt these new changes and challenges in order to survive.
In this essay, the author
- Explains that accounting dates back as far as the first centuries, is the language of business. accounting has also changed many times through out the centuries.
- Explains how technology has changed many aspects of business and accounting practice and created many new opportunities to accounting professionals.
- Explains that the international accounting standards committee (iasc) was founded in 1973 and changed its name to ifrs international financial reporting service in 2003.
- Explains that increasing competitions and high expectations of the companies have put high pressure on accountants. setting business plans, goals and providing guide to achieve them with less cost and most profit.
- Explains that technology has added many advantages and competitions to the accounting field. firms and accountants have made more efficient and effective decisions with these new inventions.
1025 wordsRead More - The Importance Of Accounting In Our Modern Societyexplanatory essayAccounting is so important in our modern society. It serves a variety range of place in our society. It serves a variety range of place in our soceity, from school to hospital, from business firm to government agencies. It's also the main force in regulation of taxation and industrial activity. It serves a great aspects on the development of mass-production systems, any way, it's a very important term in our modern soceity.
In this essay, the author
- Explains that accounting is a career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business.
- Explains that accounting is a vital element of business. it records the business' growth and, after analyzing figures, suggests the future direction.
- Explains that if their friend has ever operated a business and you saw him placing figures in ledgers, then you see him doing bookkeeping. if you have worked at service station or supermarket and have seen books with large sheets lined in green and red lying on the manager's table or desk
- Explains that accounting is one of the fastest growing fields in the united states. as our country has expanded, business and industry have become more complex, so control is very important.
- Explains that public and private accountants serve different functions in business organization. they offer their services to the general public on a fee basis, similar to lawyers, doctors, and dentists.
- Explains that accountants in private and government work customarily specialize in the performance of a single type of accounting service.
- Explains that there are other general categories of accountants who are taking important parts in business organizations.
- Explains that a company needs well-organized management. managerial accountants need to learn all aspects of the company?people, products, plants, and equipments.
- Explains that a company needs someone to record its financial operating datas, measure performance, interpret results of operations, and make recommendations for actions. the controller is responsible for the company's finances, people, products, equipments and material.
- Explains that a corporation may exist many different items in managactures, and those items go hundreds of various sized and priced componenets. a cost accountant works on it.
- Explains that organizations of federal, state, or municipal government also need accountants to help their business. they may do auditing, designing and maintaining, budgeting and administrative duties requiring the use of accounting information.
- Opines that a modern business organization needs an internal accountant to see whether the company's assets are properly protected and accounted for.
- Explains that high schools, colleges, and universities need accounting professors to teach students accounting techniques. teachers serve as school secretaries, bookkeepers, statistical clerks and managers in lunchrooms.
- Explains that tax is a major financial imcome of the government, and accountants are closely related to the tax adminatration.
- Explains that accountants use tax skills to prepare people's yearly reports. in california, individual cpa practitioners report that around 21 percent of their business is tax work.
- Explains that sound business needs good record, so control accountants are needed for this. government firms and other organizations need auditors to operate the business.
- Explains that two million federal employees are working for the government, dealing with problems of population, education, transportation, national security, welfare and others. accountants, auditors, system analysts, and budget administrators maintain stability in modern governmental operations.
- Explains that the department of agriculture deals with agricultural production, chemistry, economics, engineering, marketing, conservation, price support, and production adjustment problems. accountants develop and maintain financial management systems, prepare and analyze budgetary and program lost statements, check costs of commercial food processors and producers.
- Explains that the department of commerce performs a wide range of operations, such as collecting information about domestic and foreign industries and trade, publishing technical information for the government, and handling allocations of materials necessary to military and atomic energy programs.
- Explains that the department of defense has established an ideal career program to recruit auditors and accountants.
- Explains that under the department of health, education and welfare, there are public health servide, the food and drug administration, and the office of education, social security administration.
- Explains that the post office deartmetn employs more than 560,000 people and operates over 35,000 post offices. the department also provides money-order and postal-saving services.
- Explains that the treasury department needs men and women educated and trained in accounting, auditiing, budgeting and financial management.
- Explains that the united states greneral accounting office oversees all government agencies. the comptroller general is the chief accountant of the nation.
- Opines that accounting is the door which widely open to women, since women's position has been improved in the u.s.
- Explains that accounting is everywhere. non-business organizations can stay longer without it. more and more employers prefer employees with some knowledge of bookkeeping and accounting.
- Explains that accounting is so important in our modern society. it's the main force in regulation of taxation and industrial activity.
2459 wordsRead More - My Career Goals In Accountingexplanatory essayMy 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.
In this essay, the author
- Explains that their first goal is to continue their education by earning a master's degree in accounting at the broad business college.
- Explains that their second goal is to become a certified public accountant (cpa). they plan to take the cpa exam immediately after their master's program.
- Explains that their third goal is to become an auditor of ernst& young after graduating from their master's degree. the diversity of the internal culture fascinates them.
- Explains that they have the potential to become a quantitative researcher capable of handling real-data problems in the accounting world. mathematics is an important tool to utilize when solving business problems.
- Explains that they were promoted as the assistant shop manager of the polar backroom, which is a playroom of reality room escape.
- Explains that they were the vice-president of the red cross society at school and organized a lot of events, such as the annual charity bazaar and presentations by guest speakers.
- Describes their experience as a tutor in mathematics, analyzing financial data, and interpreting the k line and index data.
1048 wordsRead More - The Purpose of Accountingexplanatory essayAccording to business, or any organization, Accounting plays a major role in developing and growth of the business. Financial standards of the organization expected as the complexities of business growth and expansion. Hence determining the implementation of the standards can vary according to the type of industry, business or organization.
In this essay, the author
- Explains that the purpose of this document is to describe the nature, purpose, and scope of accounting. accounting involves in preparing financial documents of an entity by analyzing, verifying, reporting this records.
- Explains the main view of this report is to explain how the accounting plays a major role in banking, finance and other sectors of business.
- Explains that the accounting of business is used to record and measure the size of the business, in terms of gains and losses on monthly, quarterly semi-annual and annual basis.
- Explains that accounting in business follows a particular process either in small scale business or large scale businesses with step by step process.
- Explains that in management, the accountant gives advices to individuals and business people, how to manage their business. account information is considered and some business decisions are taken in both financial and non-financial departments.
- Explains that tax accounting is involved in filing the tax returns of the company individually, based on their income, and they need to pay the percentage accordingly to tax rules. taxation on business is another source of income to meet and satisfy the necessary needs.
- Explains that financial accountant prepares monthly, quarterly, semi-annual, and annually financial reports to see the business development. these reports are useful for creditors to decide whether to invest in the company.
- Explains that a budget analyst develops, executes and analyzes budgets for public, private, and nonprofit organizations.
- Explains that auditors audit accounts and verify that all financial reports and statements are correct. in case of unmatched consequences, the organization needs to give explanation on the misrepresentations of wrong statements.
- Explains that accounting plays a major role in developing and growth of the business. financial standards are expected as the complexities of business growth and expansion.
632 wordsRead More - Interest in Business Managementexplanatory essayI am very interested in studying a business management course with the addition of legal and financial studies. From a young age I have always had a keen interest in monetary matters and have also been intrigued by legal systems and how they work. I feel that combining one or both of these interests with business management will give me a sound footing to launch a career from in either legal or financial business sectors.
In this essay, the author
- Explains that they are interested in studying a business management course with the addition of legal and financial studies.
- Opines that they are confident within themselves and find communication easy. they want to study at university to deepen their understanding of the knowledge and skills they already have.
- Explains that they are currently on a gap year scheme called 'year in industry' where they have worked with centrax, an aerospace company based in newton abbot.
- Explains that they enjoy keeping fit and playing sports. they are keen on modern technology and can program fluently in delphi.
- Explains that they had percussion lessons and were on the student council, but suffered a serious illness towards the end of school. despite missing much of those final 2 years, they still achieved enough gcse a to c grades to get into college.
- Opines that they would like to work in the stock exchange or a business focusing on legal issues, such as contracts.
368 wordsRead More - Personal Career Explorationexplanatory essayAccounting 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...
In this essay, the author
- Opines that their ultimate value is family, and their vision for themselves is to live happily with their family in the future.
- Explains that accounting is a service activity that provides quantitative information that principally used by managers, investors, tax authorities, and other decision makers to make the financial decisions.
- Explains that financial analysts monitor and evaluate a firm's financial position, plan future financing, and reallocate the size of the company and its rate of growth.
- Explains that accountants must have a college degree or master's degree in the business industry to qualify for the job market.
- Explains that financial analysts must have a college education to work in the financial industry. the chartered financial analyst (cfa) institute offers cfa designations for those with bachelor's degrees.
- Explains that the employment outlook for accounting and financial analyzing is similar to each other.
- Explains that they chose business administration and a balanced life between working and relaxing to study the professions.
1698 wordsRead More