• After my four years of college, I am going to stay an extra twenty hours so that I can sit for the Certified Public Accountant (CPA) Exam. During these hours, I will be taking the necessary classes to major in both accounting and finance. By majoring in both of these fields, more job opportunities will become available. Some businesses are looking for a person that can do the job of an accountant and a finance officer. By double majoring, I am potentially increasing my salary in the future. • After I graduate in the fall of 2017, I will begin looking for a job. I am hoping that I am offered a job from an internship at Ochsner Hospital in Gretna that I might be taking this summer. After I graduate, I will also start to prepare for the CPA …show more content…
When the economy is doing well, more accounting jobs are available. As the economy declines, so do the accounting job opportunities. With fewer jobs being available, it will be that much more important for me to have qualities that help me to stand out. By taking part in an internship, it allows me to gain experience that other applicants may not have. • The accounting principles are constantly changing. Currently, there is a struggle between accountants who want to use the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS). Many companies in the United States prefer GAAP over IFRS because GAAP is more rule based, whereas IFRS is principles based. In my accounting classes, we focus on GAAP. If the U.S. decides to switch to IFRS, I will not be as well-equipped when I enter the work force. The best way to overcome this threat is to continue to monitor the situation and see if the U.S. makes the switch. • Technology continues to increase, which creates threats for accountants. Some activities that accountants previously performed have been replaced by different programs like Turbo Tax and QuickBooks. Technology is very advanced, but there are things that accountants do that cannot be replaced by programs like analyzing data or making sure that all tax laws are being …show more content…
I have taken many accounting classes which have given me a solid foundation on which to build upon my accounting knowledge. I believe the best way to do that is through experience. I will be able to gain experience when I begin my internship. I have gained some accounting experience when working at my parents’ business. 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
But as my internship grew closer to the end date in early September, I began to reflect on my experiences with a “Big Four” accounting firm. After only three months, I had gained exposure to a handful of very different, and very large client work and worked with some very intelligent individuals throughout. I had made some good friends and several acquaintances while interning at KPMG and had spent some very rewarding time helping out the local community volunteering. I had found a passion working with partnerships and forming client relationships.
In the world of international finance there are two major accounting systems; GAAP, which stands for Generally Accepted Accounting Principles, and IFRS, which stands for International Financial Reporting Standards. The United States prefers GAAP while the European market, as well as many other countries, prefers IFRS. By 2015 the Securities Exchange Commission is anticipating a total transfer to IFRS in the United States. Though the differences between GAAP and IFRS are few, they could affect accuracy of financial reporting throughout the world. It is important to understand the differences and similarities between both GAAP and IFRS if one is to globalize ones market (Logue).
I’m a student at Tompkins Cortland Community College this is my first semester as a college student. I plan to go to college for four years and only be at TC3 for this one semester, then transfer to a four year school. College has grown around the world more than ever and more people are attending college more than ever. I have chosen to go to college because of the rewards after graduation. Yes it is another four years of school but by getting more education and an extended degree gives me more opportunities for better jobs and more money. The career I have chosen to study is business administration. I am hoping that it takes me to a great job managing a company or possibly being an accountant.
The profession is slowly becoming as important as a doctor’s or a lawyer’s. Like so, where doctors and lawyers have certain standards they need to follow, accountants do as well. In the United States, the standards board is known as FASB, but around the rest of the world, the standards originate from IFRS. Globally there is a shift towards IFRS standards evident by the SEC permitting foreign businesses to use IFRS accounting principles when listing themselves on stock exchanges. This is putting pressure on FASB to converge with IFRS. Steven Mintz says this about IFRS
I want to find out more careers that I would enjoy. I plan to do research on the careers that I am interested in, talk to advisors, and use the career center resources to my advantage. I expect to leave this class having a clear idea on my career and set future goals to accomplish.
This scenario is used to show that accountants of today must continue to seek training opportunities on new and emerging technological advances. Continuing education is important in many professions, but is especially important in the accounting field. According to an interview with Mats Olsson of Sweden, who is a member of the International Federation of Accountants (IFAC), Small and Medium Practices Committee (SMP) by Giancarlo Attolini, who is the Chair of IFAC: We need to be more open-minded about emerging technologies as our work will likely become more computer-based. Ultimately, what differentiates one accountant from another is not their ability to manage IT, but rather their ability to better communicate with clients, to use the time saved by technology to develop client relationships and become a successful, trusted business advisor. (Attolini, 2014, quote by Olsson) Accountants who fail to stay in step with technology will find themselves out of step with their peers and clients.
Towards the end of the twentieth century the accounting profession began to take on a whole new look. Computers and accounting software has changed the industry completely. With programs such as Microsoft Excel an accountant now had an electronic spreadsheet. The need for adding machines, calculators, ledgers and pencils was eliminated. The job became less tedious with less of a margin for error. The core training for accountants which included the basic accounting, auditing and tax preparation was a thing of the past. With use of the computer an accountant can now perform statistical accounting or forecasting
My future career goal is to become an Accountant at a corporation, a non-profit organization, an accounting firm, or for the government. I see myself preparing...
First, I will express my personal mastery journey with my work life. I just recently graduated from the University of Indianapolis with my undergraduate degree in accounting. I graduated with a high GPA while participating in collegiate baseball, which I believe will help set me apart from others when beginning my career. That being said, I also believe that I have a lot of learning to do in order to be successful in my early career. I feel that I did not learn as much as I should have about accounting and I will need to dedicate a significant amount of time relearning and learning to have success in the accounting field. My vision for my career is to be a partner at a mid-level accounting firm in my early to mid 30’s. I aspire to be at a company that challenges me and allows me to progress and meet my goals. I would prefer a mid-level accounting firm because it would allow a better work life balance due to less hours. In order for me to bridge this very large gap of where I am currently at and where I aspire to be, there are a great deal of obstacles I need to overcome. First, I need to land an entry level position with an accounting firm that I feel will allow me to grow and succeed. I also need to put in the time to learn as much as I can about the profession. Finally, I need to allocate a substantial amount of time to studying and passing the certified public accountant exam. This is my
My 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.
The reason I decided to pursue a career in accounting is because I have always been interested in the business world and accounting is considered a basic tool of business. I have worked for small and large business firms; also in private and public sectors which helped me develop a strong linking with the industry as a whole and solidified my interest in accounting.
The world has changed around us in the twenty-first century, not only has the cellular phones become smarter, the technology around us has grown that cars can park themselves. So, where does this leave us when it comes to an Accounting Professions. In the 1930s an accountant 's job was very difficult; accountants did not have any computers to input all the information. The accountants did everything by hand; such as the journal entries and calculations of a company 's inventory. Furth more; if there was a mistake the accountant would have to start from the beginning, therefore; what has exactly changed. No matter how you try to change the accounting principles are highly alike. The last ten years have accounting professions have brought changes
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.
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.
What you do today will affect tomorrow. If you want a successful career in public accounting, it would be a good idea to try and receive CPA certification. Passing the CPA exam is not an easy feat. To pass, it takes careful planning, time, money, studying, and patience. When considering certification, cost and benefit should be weighed against each other so that you make the best decision for yourself.