In the first statement Graph A and Graph B shows that the respondents agree to attend various seminars to know more about analyzing finances in the business. Only few of the respondents strongly disagree on this statement.
Most of the respondents choose strongly agree and agree because attending seminars can help a student or an individual in finding a job. Respondents also agree in this statement because attending seminars can build your personality to become a professional someday.
As shown in Graph C and Graph D, most of the respondents strongly agree and agree to have proper training and experience before entering their field. Only few of the respondents strongly disagree on this statement.
Having a training and experience before entering the financial analyst job can help an individual a lot. This can help an individual to have advance knowledge and enough experience to share to others. This can help to have new opportunities and can challenge an individual in their profession.
In the statement “I must be a Chartered Financial Analyst or CFA to analyze finances”, Graph E and Graph F show the results of the survey. This shows that most of the respondents only agree on this statement. There are also respondents who choose strongly disagree and disagree.
Having a profession is not that important in having a job. It is not necessary to be a Chartered Financial Analyst or CFA just to analyze finances. The most important is that an individual should understand and interpret all the necessary information in analyzing finances.
In the Graph G and Graph H, it is shown that most of the students strongly agree and agree on the statement “I should be proficient in studying and interpreting statistics. Only 10% of the respondents choos...
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...red in Financial Statement Analysis. Retrieved from: http://spyonstocks.com/basic-skills-required-in-financial-statement-analysis/ Kugel, R. (2011). The sustained advantage of financial performance management. Retrieve from: http://business-financemag.com/technology/sustained-advantage-fpm Marriott, N. &Mellett, H. (1995). Health care managers’ financial skills: measurement, analysis and implications. London: CIMA/ Chapman & Hall.
Montano, J. & Cardoso, S. (2003). Skills development, motivation and learning in financial statement analysis: an evaluation of alternative types of case studies. Retrieved from: http://web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?sid=97b63b97-b4aa-47a3-bbd1-4c00bb0f6277%40sessionmgr111&vid=3&hid=119
Skills and knowledge of financial analysts. (n.d.). Retrieved from:
http://www.mymajors.com/skills-and-knowledge/financial-analysts
Joel Best’s Damned Lies and Statistics is a book all about recognizing statistics that are legitimate and others that are really quite horrible. The goal of this book is not that the average every day person be able to read a statistical table from a scholarly journal, but rather that anyone could personally value a statistic he or she may come across in a newspaper article or on a news program. Best was essentially effective in achieving his goal; however, he was effective to the point of overdoing his job of showing that there are bad statistics which give readers cause to evaluate them outside of hearing them on the news.
...ts gave to me about my survey and I agree with them. The comments were very helpful because it showed me what the students found confusing and if I was to redo the survey, I would apply the comments and changes that the students made into my new survey so that other students do not get confused with the question.
I really don’t know to much about this career just that they can either deal with selling securities or managing personal finances or just as simple doing taxes and writing financial reports. What haunts me even more is what I don’t know about this career. Are there any aspects of it that I will just hate? Will I make enough money to support the life style I want? What are the future possibilities for career advancement? These are all questions that will weigh very heavily on my decision to become a financial advisor or to find some new career.
The writer disagrees with this since that in source one there was proof that financial education classes helped out high school students. It also talks about how lawmakers and other make a living off of these courses as it states in this sentence. “Plenty of people make a living off off these courses, and lawmakers love them, since they give the impression that something is being done about the intractable problem of financial ignorance”. In source three it talks about financial literacy classes having a positive effect on people. As it states in this sentence, “A popular approach to this problem is to work harder to improve financial literacy- for example, by including household finance in the basic high school curriculum”. The writer agrees with this greatly and has the same aspect of personal
The conceptual framework identifies the primary users of accounting information as investors, creditors, and those who advise them. It also assumes a “prudent” investor; that is, an investor who takes the time to become reasonably well informed with respect to accounting theory and practice. Discuss this concept with respect to the current economic environment. Are different groups of investors “prudent”? According to the conceptual framework, the potential users of financial statements are investors, creditors, suppliers, employees, customers, governments and agencies, and the general public (Financial Accounting Standards Board, 2006).
In conclusion, accounting is the foundation for all business. Whenever a person is starting a company, he/she has to know where their funds will be coming from to start that business. Accountant has to be careful and accurate with numbers and advice they give to people they doing tax return for or explaining how their well business is doing. Accountants prepare financial statements to distribute to companies so that they can see the effectiveness of the business. The lease mistake an accountant makes can cost you hundreds of thousands of dollars, even millions. Anyone who wishes to become an accountant should definitely take the CPA exam, and become a certified accountant. It is a good feeling to know that you can carry out that goal of being a certified and licensed accountant.
In “Professional Knowledge and Skills Required for Accounting Majors Who Intend to Become Auditors: Perceptions of External Auditors” by Ali Uyar and Ali Haydar Gungormus, the authors reason that in order for universities and colleges offering accounting education to “survive” in this ever-changing, cutting-edge global market, they have to acknowledge the requirements of the “business world” and to meet such requirements by preparing graduates who have the knowledge as well as the skills necessary to perform their jobs well and to be successful (33). In a survey conducted by the authors regarding the importance of certain ...
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.
Financial accounting that is about reporting and summarizing the transactions of business and provide an accurate financial reports or financial statements such comprehensive income and finacial position (Averkamp, 2014). However, if investing in a business and want to acquire more profit, the financial statemnet of company is must be analysed before taking a decision. This essay will explains that financial statements between two companies about four years comprehensive income statements and four years statements of financial position. Then, it will be give a answer which one is best to invest.
This career peaks my interest since in this role I will have the opportunity to construct my future and I will never stop learning. The constant innovation in finance is commonplace and it creates a work-day that is fast paced and so with this career, I see a promising future. This career interests me also because I will have the chance to practice what I have learned in school and the career places a premium on consistent results, rigorous analytical ideas or thoughts,
My long term career goal is to found my own financial company that specializes in applying advanced analytics tools to solve complex financial problems. Having worked as a financial analytics analyst for more than 6 months at Enova Financial, a Chicago-based consumer online financing company, my passion towards financial analytics is reinforced. Ranging from basic data query and reporting to predictive modeling and optimization, data analytics has assumed a more important role in today’s financial services industry. Mastering data analytics could help financial institutions acquire the relevant information in the shortest amount of time and make the informed decisions thereafter. Since personal loan industry is only the niche of financial services, I would like to broaden my horizon of the financial knowledge by gaining a deeper understanding of its principle and its application in order to achieve my loan term goal. Entering a full-time master in finance program, as such, becomes the best option for me.
According to investopedia.com, financial literacy is the education and understanding of various financial areas. This topic focuses on the ability to manage personal finance matters in an efficient manner, and it includes the knowledge of making appropriate decisions about personal finance such as investing, insurance, real estate, paying for college, budgeting, retirement and tax planning. Basically, financial literacy is the knowledge on how money works. Specifically, it is a skills and understanding of Individual that allow them to make an effective and sound financial decision. Financial Literacy is more important than ever in today’s world. It is very essential that each person should have the ability to understand how money works ; how to manage it to earn and to invest or how to donate it to others. Financial Literacy provides the necessary knowledge, skills and tools for individual to make informed financial decision with confidence, to manage personal wealth with efficiency and to increase financial competence to demand for better financial services (Ali, 2013).
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
...rue and lie. It depends on how it is used, collected and analyzed. Therefore, readers should understand what reliable statistics are. Yet, statistics are very important for researchers, scientists, students, employers and individuals to make decisions as well as to evidence any claims or scientific theories.
Accountants are becoming a needed job in the business industry and play a very important role in the success of many businesses. This job usually requires at least a bachelor’s degree in accounting and sometimes even a CPA (Certified Public Accountant). There are many other things that are needed to be considered before choosing this career. The job environment, education, skills, and benefits are just some of the many things that need to be thought through before considering this career.