Chartered Professional Accountant (CPA) falls under the general job title: Accountant. Accountants’ NOC and SOC are 1111 and 13-2011.01 respectively. They perform duties such as planning, organizing and administering accounting systems for individuals and establishments. They also analyze financial information and prepare financial reports to determine or maintain a record of assets, liabilities, profit or loss, tax liability, or other financial activities within an organization to monitor its’ financial position. (O*Net Online, 2016). According to O*Net Online (2016), accountants report to the firm’s management regarding the finances of establishment. Being an Accountant, they must have the following Soft and Technical skills
Soft Skills
• Active
Questions asked to measure knowledge and judgment about how the applicant may behave on the job if hired. There are two types of interview question Behavioral Description Interviews (BDI) and Situational Interview. First, Behavioral Description Interviews (BDI) are structured interviews using open-ended questions, that focus on what the applicant has done in the past to predict their future behavior. Second, Situational Interviews is an interview procedure where applicants are confronted with specific future-based issues, problems that can be raised for the job. Interviews will help to understand a person better and moreover, you can also see how they react to certain situation or question. One real example, PwC interview is that the first interview in PwC will be held by someone at management level. Also, PwC offers you the option of a face to face or phone
It would predict an answer like, you could talk to the supervisor about the issue, or you could talk to the person himself. Based on his/her answer you would get to know how honest and loyal they would be towards the organization. It also analyzes their problem-solving skills. ii. Have you worked in a team before, how was the experience, how would you change it? And how is it different from working individually?
This question would show his/her teamwork skills, it uses the fact that accountants, for most of the time, work in groups. In addition, it will show how a person learns from their experience and implement those changes. iii. Suppose you have two reports, one domestic and one international due at the same time. How would you prioritize yourself to work under a tight deadline? And how would you handle it? 23
This would show their knowledge in differentiating between the needs of domestic and international reports. In addition to that, it will help measure their time management skills. Moreover, this would also describe how the applicant would prioritize their work time. iv. Describe the project situation that best describes your analytical ability? What was your role?
Majored in accounting during my undergraduate at Michigan State University, I am determined to be an audit professional at a public accounting firm in Toronto upon graduation from MMPA program. To better qualify myself and equip myself with advanced accounting knowledge, I am dedicated to obtaining the CPA designation as well. In the next three to five years, I see myself being promoted from an associate to a manager who will lead a team and direct a project. Working as a manager in a public accounting firm will definitely sharpen my leadership ability and problem-solving skills, which are prerequisites for my long-term career objective. Ten years down the road, I want to work in the finance department of a public company as CFO or controller,
The non-profit professional organization, American Institute of Certified Public Accountants (AICPA), was founded in the United States of America. The organization was founded in 1887, to help ensure that the accounting profession would gain the same respect as the other prestigious occupations had received from the public. The accounting profession, similar to the medical, legal, and engineering professions, is characterized by “…rigorous educational requirements [150 credit hours], high professional standards, a strict code of professional ethics, licensing status [Uniform CPA Examination], and a commitment to serving the public interest” (AICPA, 2016). These five characteristics
The stereotypical image correlated to the account mirrors that of a public accountant. An individual working as a public accountant can expect to work as an independent third party to a multitude of companies. As this third party it is their duty to oversee financial transactions to ensure that the statements of not only the company, but also its’ supporting companies, correctly correspond and match up to the position, results and cash-flow of the clientele. This general quota outlining a public accountants job description is not the same for a private accountant. The main difference between a public and private accountant is that unlike the public and its handle on a multitude of accounts, a private accountant specializes with a certain company or field. With this specialization, a private accountant tackles setting up a system that records the transactions within the business. The recordation of the transactions is then generated into statem...
A test to see exactly what type of job people qualify for, or their MOS, Military Occupation Specialty, gets a better job.
Managerial accountants need to use accounting information in seeing to it that they are able to plan, evaluate the company performance, manage risks and control the business operations in a manner that is deemed beneficial to the business as a whole (Caplan, n. d). This can be achieved through: having high standards of ethics in all situations; employing the techniques of management reports, budgetary control, and analysis of fund flows and financial statements; making prudent capital investment decisions; and maintaining continuous quality control systems.
Psychometric tests are designed to measure the behaviour and capabilities of possible employees. (Johnstone, 1999). Employers use these tests to measure two categories of qualities – abilities and preferences (Mills et al., 2011). This provides an effective and efficient way to find the best person for the job as the tests give a true reflection of how an employee can accomplish assigned tasks which is completed online as part of the application process. Candidates are chosen for the next stage of the process through the comparison of test scores, resulting in grouping candidates into high and low percentile scoring categories. The higher scoring applicants are put through to the next stage of the process. This would normally be the interviewing stage. The lower scoring applicants would be declined. This is a form of filtering down the number of applicants, although the interviewing stage provides the means of selection, despite its subjectivity the tests provide a uniform set of standards to measure one candidate objectivity against another (Johnstone,1999). Psychometric
They are required to participate in group exercises, psychometric tests, aptitude tests and traditional interviews. By using a mixture of assessment this process is claimed to produce more accurate result. the applicants are given longer to prove themselves and there fore become more relaxed and more nataul.however recent development now mean that these assessment centre exercises can be videoed and then sent to a team of independent experts to be properly analysed.this insures that the candidates have their performance assessed objectively.
The first step in effectively managing time is to develop a statement of long-range goals. This statement of goals will allow you to set short range goals and to prioritize specific activities according to how much they contribute to your goals. Setting these long-range goals ma...
In Management, the accountant gives advices to the individuals and business people, how to manage their business. The account information is considered and some business decisions are taken in both financial and non-financial departments. Budgeting, tax filing, and financial statements. Other activities like involve in planning com...
When I think of a financial manager, accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently, make sure their records are accurate, and that their taxes are paid properly and on time. Accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients. They record and analyze the financial information of the companies for which they work. Other responsibilities include budgeting, performance evaluation, cost management, and asset management. “The role of the financial manager has expanded beyond traditional responsibilities related to company's finances. A financial manager, through his/her understanding of the company's financial health, the current market, and the goals of the company, helps set direction and guides decision making.” Financial managers perform several different task related to finance for their organization they normally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies.
My second goal is to become a Certified Public Accountant (CPA). I plan to take the CPA exam immediately after my completion of Master’s program. The CPA certificate will not only to show my competence in independent work but also promote my opportunities to enter a managerial position. To realize my long-term goal of becoming a partner of Ernst & Young, I must be a role model who is familiar with advanced-level knowledge and certification exam.
Before stating my career goals, I would like to mention my motivation in choosing accounting as my career path, the origin of which is elaborated in essay three. As a rigorous and responsible girl with strong rule consciousness, I will commit to providing more accurate and timely accounting information, in order to optimize the business management and help the public understand the operating condition better, thus defending social justice and contributing to well-being.
In order to do any job there are some requirements and qualifications that you must meet. In the CPA world there is no specific gender that is required, but research shows that the majority are females. Researchers...
This essay aims to describe the mechanisms that South African Chartered Accountants utilize to maintain professional status in South Africa. The topic in discussion will be explored partly by the use of the criteria of a profession, as defined by Stewart (1975) and the institutes which enable South African Chartered Accountants to meet them, mainly the South African Institute of Chartered Accountants (SAICA). The following criteria will be discussed: a formal education process, standards governing
It helps management to identify the specific area that needs to be highlighted by the organisation.