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I recently graduated last year with a Bachelors of science in Health Service Management. Almost 99 percent of my course works were all related to health care. The only classes with a little math was my statistics class and my quantitative method class. Honestly speaking, I have never taking any accounting class except the accounting boot camp I took on the 15th of this month. I have not personally work on accounting reports, journalizing of accounting transactions, entering or reviewing source accounting data, and analyzing financial statements. However I did a little here and there basic balancing of Tenant 's rents. I worked at a Veterans facility for 3 years. My job was to collect client 's rents, enter in the excel sheet, make sure the …show more content…
In everyday of our lives we practice accountant without knowing . For instance budgeting our money or budgeting our monthly income, writing checks, reviewing our monthly bank statements, and finally make sure our groceries or shopping receipts correspond to what we paid for. I have always love to expand my career in healthcare to one day become a healthcare administrator or consultant. To enable me to run my future facility in a cost effective manner at least I need to have a little bit of experience in accounting. Having a basic knowledge of accounting will enable me to obtain common set of accounting standards, principles and procedures that a company uses to compile their financial …show more content…
A company can have current and non-current assets. The current company assets (short term assets) are expected to be consumed with one year, and these are; Trade debtors, cash at bank and in hand, prepayment expense, receivable, investment , inventory, stock, marketable securities and many others. On the other hand, non-current company assets are for long term and will be productive for a business for more than a year. Non-current assets comprises of tangible fixed assets and intangible fixed assets. Tangible fixed assets are ; Buildings, equipment, vehicles, furniture, lands, machinery, other properties and many others. The intangible fixed assets are; software, websites, patented technology, copyrights , brand names and many
I want to be a Bank of America Student Leader because I wish to be able to experience new opportunities for volunteering and interact with others who shares the same interests. This opportunity would also allow me to learn more about leadership skills so that I will be a better leader in the future to make improvements for the community. Even though I lack many traits, I am willing to learn from criticisms and I am open minded to others’ opinions. Born talented or not, I believe that the desire to learn is the most important characteristic that a person can possess and I am willing to learn from this opportunity if I am lucky enough to receive it. Being a Vietnamese immigrant who is living in a large Vietnamese community in Garden Grove, I
This report analyzes the outlook of accounting for the next five years and it will be used to determine if accounting is the right career path for me.
Medical Administrative Assistants have numerous of duties in an office setting. Medical Administrative Assistants can get a job in a doctor office or a hospital. Medical Assistants work more in the front of office and hospital assisting patients and checking them in. By knowing some Medical Assistants I know some of their duties are: scheduling patients, greeting patients, doing paper work, handling insurance problems or statements, and also supervising entry. Medical Administrative Assistants may be asked to do take the patient height or blood pressure. Medical assistants are sometime asked to buy the medical equipment needed in the office. When needed they may also work as the office manager. They conduct the doctor's schedule and type letters and bills (Occupational Outlook Handbook). Accounting has an enormous role in this field such as handling the insurance procedures and billing statements. Billing statements are responsibilities that a patient has gathered overtime. Having a great attitude is very much needed as a medical assistant because that job is in the customer service field. It is the medical assistant’s duty to take care of the fees in a medical facility therefore, knowing how to do accounting is a must know. Some of the duties involve collecting payments from the patient, tracking records of all the payments collected and filing forms out to take action against patients that have not made payments in a long time or just none at all that is why accounting is very important in this job. Accounting is recording financial relations, storing, organizing, retrieving, and presenting information in numerous reports which all goes back to one of the duties of a medical administration assis...
Accounting is a job that I have had my eyes set on for years. While I was younger, I did a lot with money and it had fascinated me. My fun was playing Monopoly as the banker or going shopping with my parents and add up their total to see how close I get. I felt math and cash was my thing and still is to this day, all because of what I did when I was younger. I want to be successful in what I love to do.
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.
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. The experiences of working as an intern at the Bank of HEBEI in 2013 and PWC in 2016 have encouraged me to become a professional accountant. All these had given me a great opportunity to know accounting and finance comprehensively and also reinforce my determination of continue studying accounting and finance. Therefore, I have decided to apply for your postgraduate degree course to further
There are many techniques used to manage cash including, the nature of asset growth, controlling assets, patterns of financing, the financing decision, a decision process and shifts in asset structure. For any company the growth of asset results in a growth in wealth if managed effectively. The typical firm usually forecast the rate of sales to ensure that the production of goods match sales so there is not an overflow if inventory. As a company expands and produces more items they will acquire permanent current assets. Permanent current assets can be described as a constant inventory of items because it is almost impossible to predict the market and the demands of the consumer.
I am currently majoring in Finance at Carlson School of Management, and I have decided to explore the career and future growth of a financial analyst. I chose to explore this career because some of my cousins work in this field and I’m interested in numbers and analysis. I also have an interest in following the stock market and working in a stimulating environment. What sets me apart from others is that I’m able to use time management efficiently. I’m able to study and complete major assignments while still finding plenty of time to socialize with others. Having taken StrengthsQuest last year, I learned that I strive for the future, I’m often positive, and I’m a believer in harmony. I believe in consistency, the idea that all people should
What does the accountant of the future need to be successful? A sturdy education that while is based on traditional accounting practices, also prepares future accountants for the plethora of changes happening in the accounting universe. Frequently, most of the institutions responsible for educating professionals fail to evolve as rapidly as the professional practice itself (Bedford et al. 4). In every way, accounting is expanding and in order for the future to have competent accountants, accounting education must expand as well. Major changes occurring in the world of accounting include the expansion of services and products, changes in competition, an increase in specialization, and an increase in and an advancement of technology. It is up to academic institutions to find proactive ways in which to prepare students for such changes. Accounting education of the future will require more breadth to cover the inevitable expansion of services and products, increased knowledge of economics, marketing, management and information systems to increase competitive advantage, a balanced course load that provides a general accounting knowledge as well as increased knowledge of a specialization, and also a greater, proactive focus on the use of continuously advancing accounting technologies (Bedford et al. 8). Also in play is the chance of change in accounting standards, the move from US GAAP to IFRS. While there are no certainties surrounding the threat of such change, students in the U.S. should acquire at least a general, basic feel for the practices used in regards to IFRS. The future health of the accounting profession depends, to a great extent, on the health of our students (Gormon and Hargadon 4). Reorganization of curriculums would surely be difficult and assumedly time-consuming, but nevertheless, completely
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
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.
Asset are the resources for running the business work. As a business, if get more assets it means that the business is powerful. Asset also be divided into two categories which is non-current assets and current assets. Non-current assets are long-term use for
Once I have my certification, I hope to work in the public sector for a few years and learn the trade really well. My ultimate goal with my degree is to one day become a college professor of Accounting myself. I would like to help students to see the value of accounting, even if that is not their intended field, and how valuable knowing these principles can be to them in their everyday lives. I want to assist students who may have a hard time understanding the concepts, and be able to explain clearly the relationship between terms such as credit and debit. The job I currently hold will help me with this goal, as I teach at an afterschool program. I am able to teach all of the core subjects to a group of middle school students while making the learning fun and engaging. The hands-on experience I am receiving now will be a great asset to my future academia
Accounting is a very important term to our modern society. It is the career for men and women who at the start have their eyes set on top positions in industry, management, government, and general business. Accounting is a basic need of every businessman, from the operator of a filling station to the government of the United States. It's so important to our society. None of the business organization can operate without is. They are there-somewhere-in every business. In small business, people use pen, ink and skill keep the records. In large business, modern accounting machines are used to operate. Men and women are directing these machines in the accounting process. Wise businessmen enter business must have some accounting knowledge.
In classified balance sheet categories of assets are: current assets, investments, fixed assets, intangible assets, etc.