This website uses cookies to ensure you have the best experience. Learn more

Accounting Essay

1862 words - 7 pages

Accounting
     The nature of work of accountants and auditors is to prepare, analyze, and verify financial reports and taxes, and monitor information systems that furnish this information to managers in business, industry, and government. The major fields of accounting are Public accountants who have their own business or work for public accounting firms. They perform a large range of responsibilities such as doing taxes, numerous accounting and auditing, consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals. Management accountants also called industrial, corporate, or private accountants record and analyze the financial information of the companies for which they work with. Other responsibilities include budgeting, cost management, and asset management. These accountants analyze and interpret the financial information corporate executives use to make sound business decisions. Internal auditors are very important to our system. When companies make information more timely, top management base their decisions on actual data, rather than their personal opinion. So these auditors verify the accuracy of their organization’s records and check for mismanagement, waste or fraud. Government accountants maintain and examine the records of government agencies, and audit private business and individuals whose activities are subject to government regulations or taxation. All ranks of government accounting sees that revenues are received and expenditures are made in accordance to laws and regulations. Many who have a background in accounting work for the federal government as Internal Revenue Service Agents. Within each field, accountants often concentrate on one aspect of accounting. Jonda Dunn who I interviewed works for B. Lee Hubbard and Company in Jackson, Ohio. She has worked there for six years and enjoys her job. She has received a bachelor’s degree in accounting and minored in Computer Science. She chose this career because she loves math and numbers. Mrs. Dunn deals with payrolls, bank reconciliation’s, and financial statements.
     In accountants working conditions they are usually placed in an office setting. Self employed accountants are able to do part of their work at home instead of the office. Those who may be employed by public firms and government agencies may travel frequently for the branches of the firms. Most accountants work about a 40- hour week. If they are self-employed then they may work more or less depending on who much work they are willing to take on for the clients.
     The employment outlook for accountants who have earned a professional degree through certification or licensure should have the best jobs. Applicants with a mater’s degree in accounting, or a master’s degree in business administration with a concentration in accounting, may also have a stronger advantage in the job...

Find Another Essay On Accounting

Accounting Essay

813 words - 3 pages Accounting software typically consists of a group of accounting modules that create an accounting information system. Several listed a core group of modules that typically are included in a system however, even these differed slightly on what the core group consisted of. Below, you will find a grouping of the various core modules as discussed by the different websites along with an additional list of some of the add-on modules that are

Accounting Essay

813 words - 3 pages Accounting software typically consists of a group of accounting modules that create an accounting information system. Several listed a core group of modules that typically are included in a system however, even these differed slightly on what the core group consisted of. Below, you will find a grouping of the various core modules as discussed by the different websites along with an additional list of some of the add-on modules that are

Accounting

2273 words - 9 pages Accounting is the compilation of financial information for use in making economic decisions. BOOKKEEPING provides the basic accounting data, by systematically recording such day-to-day financial information as revenue from the sale of products or services; expenses of business operations such as the cost of merchandise sold; and overhead expenses such as rent, wages, and so forth. Accounting principles determine which financial events and

Accounting

2267 words - 9 pages integrity of our capital markets and the efficiency of capital allocation.But you can?t lay total blame on accounting rule makers for the stock options accounting subterfuge that companies continue to finesse.A GAP IN GAAP For the last decade the Financial Accounting Standards Board (FASB) has tried to issue accounting rules for stock options that would help make financial statements more transparent but has been stymied politically. As a result

Accounting

1250 words - 5 pages Accounting Accounting is the practice of “…maintaining, auditing and processing financial information…” (http://en.wikipedia.org/wiki/Accounting) for the purpose of a company, persons or organisation. There are some fundamental parts of accounting which are; “Identifying, measuring and communicating” (Black, 2000). You need to identify the important financial sections of a company, person or organisation which will include the companies

Accounting - 1211 words

1211 words - 5 pages Accounting Introduction The financial information is a very important matter in a company success. Allow them to see if they have been successful in the past, in the present and help them to predict a future performance of you company. The form, the use and the people involve with the financial and accounting information in a company is going to be developed in this report. Accounting Knowing the status of your company in every single

Accounting - 2206 words

2206 words - 9 pages COURSE OUTLINE Management Accounting Semester One Department of Accounting & Information Systems Course Coordinator Beverley Lord Room 417, Business & Law Building Phone: 364 2620 Email: beverley.lord@canterbury.ac.nz 14 ACCT 222-14S1 College of Business and Law PLEASE NOTE It is the student's responsibility to retain all course outlines for any future applications for credit transfer to other universities, for membership of

accounting

3138 words - 13 pages Which of these are the main sources of regulations governing financial reporting in Australia?The Corporations Act, The AASB, CLERPAccounting standards, conceptual framework, stock exchange listing rulesGovernment legislation, stock exchange listing rules, accounting standardsAASB, FRC, government legislation.If there is a conflict between the provisions of the Framework and the requirements of the accounting standardsThe statements of

Accounting

858 words - 3 pages payments lists. Cut-off To determine if all transactions affecting accounts payable have been recorded in the correct accounting period. Compare the date on receiving report with the date on the vendor's invoice. Compare the date of the invoice with the date they were recorded in the accounts payable journal. Tracing dated receiving reports to voucher register entries and vouch recorded entries to supporting documentation. AUDIT

Accounting - 858 words

858 words - 3 pages payments lists. Cut-off To determine if all transactions affecting accounts payable have been recorded in the correct accounting period. Compare the date on receiving report with the date on the vendor's invoice. Compare the date of the invoice with the date they were recorded in the accounts payable journal. Tracing dated receiving reports to voucher register entries and vouch recorded entries to supporting documentation. AUDIT

accounting

2683 words - 11 pages amendments to IAS 16 and IAS 38) is published by the International Accounting Standards Board (IASB) for comment only. The proposals may be modified in the light of the comments received before being issued in final form as amendments to IFRSs. Comments on the Exposure Draft and the Basis for Conclusions should be submitted in writing so as to be received by 2 April 2013. Respondents are asked to send their comments electronically to the IASB

Similar Essays

Accounting Essay

884 words - 4 pages 1Running head: EVOLUTION OF ACCOUNTING INFORMATION SYSTEMSEvolution of Accounting Information SystemsACC340 - Professor WilliamsUniversity of PhoenixJessica L. RigassioEvery accountant knows that accounting is the language of business in today's society. Although that language has gone through many changes throughout the ages, accounting technology has always played a part in making the accountant's job just a little bit easier. Technology

Accounting Essay 833 Words

833 words - 3 pages There are many accounting regulatory bodies that oversee how accounting practices. The different regulatory agencies perform different duties and tasks in regulating the accounting industry. This paper will review four regulatory bodies, what each regulatory body is responsible for and what are standards organizations need to follow to comply with each regulatory body.Security Exchange BoardSecurity Exchange Board was developed by the Government

Accounting Essay 1587 Words

1587 words - 7 pages Introduction The purpose is to explain the similarities and differences between financial and managerial accounting. Provide examples of managerial accounting reports that she could see within EEC. This paper will explain both financial and managerial representing Eddison Electronic Company (EEC). They will both have the same usage which is to get ready and examine money related information related to the organization. The motivation behind both

Accounting Essay 657 Words

657 words - 3 pages 3. Organization climate in accounting firm Accounting profession is a field of work that is difficult and requires competence and high accuracy , since the results of the audit process will determine the future existence of the company . Therefore the pressure , the target time and the pressure and the influence of the various parties involved must be very large and could encourage the emergence of stress at work . In general, the accountant has