Before I started this research, I thought of an accountant as someone who punched numbers every day and had great book-keeping skills but I have now learned that the accountant has to possess certain other skills often referred to as “soft skills” in order to be competitive and successful in this ever-changing business economy. Some of these “soft skills” are, but not limited to, excellent written and oral communication skills, the ability to work well with other people, work ethic, honesty, empathy, and problem-solving. Superior technical skills, though very important for an accountant, are no longer sufficient as employers are demanding that graduates have both technical and soft skills. If this is the case, are accounting majors adequately prepared and equipped with the requisite skills necessary to succeed in the accounting field? Researchers agree that there is a gap between the skill set of graduates and the expectation of the employer and that the accounting curriculum should be restructured in order to provide the accounting field with well-prepared, well-rounded, and suitably skilled graduates. 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 ... ... middle of paper ... ... Gail Lynn et al. “Emotional Intelligence: The Role of Accounting Education and Work Experience.” Issues in Accounting Education 26.2 (2011): 267-286. Academic Search Complete. Web. 1 Feb. 2012. Daud, Salina et al. “Do Business Graduates’ Attributes Fulfill Industry Requirements and Expectations?” Australian Journal of Basic and Applied Sciences 5.9 (2011): 68-74. Academic Search Complete. Web. 15 Mar. 2012. Kermis, George and Marguerite Kermis. “Professional presence and soft skills: a role for accounting education”. Journal of Instructional Pedagogies. (2011): 1-10. Web. 15 Mar. 2012. Uyar, Ali and Ali Haydar Gungormus. “Professional Knowledge and Skills Required for Accounting Majors Who Intend to Become Auditors: Perceptions of External Auditors.” Business and Economics Research Journal 2.3 (2011): 33-49. Business Source Complete. Web. 14 Feb. 2012.
Over one million people are employed as accountants, and most can be found in private business and industry. “Nearly 40 percent of all accountants are certified, and about 10 percent are self-employed’(Caruna, 1). In addition to openings resulting from growth, the need to replace accountants who retire or transfer to other occupations will produce thousands of job opening annually in this large occupation. The Occupational Outlook Handbook states that the expansion of accountants is related to: “increasingly complex taxation, growth in both the size and the number of business corporations required to release financial reports to stockholders, a more general use of accounting in the management of business, and outsourcing of a...
Financial Accounting follows more of a standard protocol whereas management is more varied from business to business depending on their own needs. When both are combined, business success is driven. ‘Combine financial information with Non-financial information data to paint a complete picture of the business.’ (Cima, 2017). This quote from Cima supports the argument that both the study and implementation of Financial and Management accounting are vital. The degrees ‘finance’ side looks at aspects such as Economics and Business Management. The finance component gives the degree the power to provide a broader learning aspect as it allows the course to take theoretical knowledge and apply it to more real life scenarios, giving students a chance to understand why firms behave the way they
Case studies during ethical class made me see how people misuse their knowledge of accounting to do fraud, along with this they creates a false image of their business in public eyes. I want to learn forensic accounting, and would like to work for the auditing department, further more I also want to open my own accounting business in the future. To keep myself updated with current accounting regulation and laws, I am regularly reviewing GAAP, FASB, and AICPA journals and articles. It is also important to enhance my knowledge of accounting; learn new skills like marketing, managing new client; and how to handle business to become successful. In order to achieve my goals, I would like to apply for Masters Degree to build strong foundation of accounting and management.
Abdolmohammadi, M., Fedorowicz, J. and Davis, O. (2009) findings indicate that despite the attention in recent years to the importance of ethics and social responsibility in the accounting curriculum and the profession, the ethical reasoning scores of those attracted to public accounting seems to have actually deteriorated over the past 15 years. This outcome suggests that there is a need for improved training and education of public accountants in ethical reasoning and decision making. The report concluded that ethical reasoning increases with age and education, but education is the primary factor in this relationship. Ethical attitudes should be developed early i.e. from early on in education and should be re-emphasised throughout ones career.
For every job that you have, you will need to have a certain set of skills to be successful. For example, two people are looking to be hired, but only one person will actually get the job. The two people have near identical resumes but a few things make them different. While the first person was able to articulate his ideas when he was being interviewed, the second person could not. The first person was incredibly dedicated to getting the job while the second person was not. Last but not least, the first person was able to adapt to the fast moving paced job unlike the second person. In the end the first person got the job because of his dedication, flexibility, and communication skills. It would be extremely unbeneficial to go into a job without having, in my opinion, these most important set of skills. While there are several job skills that are essential to being successful, I strongly believe that being dedicated, adaptable, and have phenomenal communication skills are the most important.
Professional accountants require an ethical code as they hold positions of trust because of which people put their faith on them. The accountability to act in the public interest is the distinguished mark of this profession.
Future accountants and auditors should not try to be convinced to act in an ethical manner through the education but rather be more aware with regard to ethical issues in the accounting practices and taught what is the correct manner in addressing the challenge is in the profession. The ethics of the accounting concepts are morally correct if followed thus an emphasis on the principles of honesty and integrity and the duty of the accountants and auditors to their society must be introduced in the tertiary education in order to ensure that these principles are instilled in the students and thus demonstrated in
My goal is to get a firm grasp of the knowledge in accounting and finance area, and would like to especially focus on systematical learning of accounting and corporate finance in my postgraduate study. Your university’s topmost reputation in this area is what I have long admired. The program in your university delivers a comprehensive training of modern accounting, finance and business, which will undoubtedly help me to form the competitiveness for my future career. My former knowledge of management and experience of doing project will guarantee my ability to conduct my postgraduate study in accounting and finance, and my experience as an exchange student suggest that I can adapt to my study and life in your university with little trouble and can even help other international students in many aspects. I believe it is the place where my potential will be given free
Every human being in this world is unique and each individual has different ways in which they learn. Learning styles have been formulated over the years to help us recognize the way we approach learning and methods we use to gain knowledge. It is an individual's distinctive approach to learning based on strengths, weaknesses, and preference with a mixture of various styles. In this essay, we will take a look at different learning styles and how they can be implemented and integrated in the accounting profession.
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 topic on auditing also prepares the accounting students to undertake quality audits so as to conform to the standards by reviewing the objective evidence. Quality audits verify the effectiveness of the management system. They are also essential in providing evidence that is concerned with the elimination and the reduction of problem areas since they are management tools for achieving continuous improvement in the organization. In addition, the knowledge on international auditing standards acts as a competitive advantage for the accounting students in the job market. Companies tend to give first priority to students who possess this knowledge since they perceive that they are at a better position to improving the efficiency of the company as well as realizing its goals and objectives in an effective manner (Wu & Tsai, 2006, p. 445). Accounting students with the auditing knowledge also earn a better salary as compared to their co-workers in the job arena since it is perceived that they perform a major task in the organization.
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.
Accounting is one of the fastest growing fields in the United States It expands each time a new store, a factory, a filling station, or a school goes up, whether in a large city or a small town. In today's society, the demand for good accountants for exceeds the supply. As our country has expanded, business and industry have become more and more complex, so control here is very important. And control depends on a great deal of the bookkeepers and accountants who can analyze figues and advise management on what should be done. They are using more scientific ways changing money, figuring change, and collecting sales taxes. Moreover, department stores and other companies now have plants and offices widely scattered throughout the country. A new set of bookkeepers and accountants, is needed at each branch. I know there are many managements supervisory, and junior or senior executive positions are bing filled by people who started as accountants because accountants have the knowledge of methods and finance and comprehension of the fundamentals of business, and acc...
Recently, after the collapse of big corporations, integrity of the accounting profession has comes under greater scrutiny. Therefore in order to enhance the credibility of the profession, accoutnig bodies of the world is putting highest importance on the ethical conduct of its members. Without maintenance of the highest ethical standards, the recognition and creditability of the accounting profession is not possible.
The evolution of auditing is a complicated history that has always been changing through historical events. Auditing always changed to meet the needs of the business environment of that day. Auditing has been around since the beginning of human civilization, focusing mainly, at first, on finding efraud. As the United States grew, the business world grew, and auditing began to play more important roles. In the late 1800’s and early 1900’s, people began to invest money into large corporations. The Stock Market crash of 1929 and various scandals made auditors realize that their roles in society were very important. Scandals and stock market crashes made auditors aware of deficiencies in auditing, and the auditing community was always quick to fix those deficiencies. The auditors’ job became more difficult as the accounting principles changed, and became easier with the use of internal controls. These controls introduced the need for testing; not an in-depth detailed audit. Auditing jobs would have to change to meet the changing business world. The invention of computers impacted the auditors’ world by making their job at times easier and at times making their job more difficult. Finally, the auditors’ job of certifying and testing companies’ financial statements is the backbone of the business world.