Accountancy is a vital element in this modern era as it applies to the society. It is a term that is often used for businesses only but actually can be seen everywhere – from small stores to restaurants, schools , hospitals, individual’s own personal day-to-day life.
Throughout my IGCSEs I have developed a comprehensive understanding of accounting concepts such as its principles, liquidity management, preparation of financial statements and the importance of validation and control. Because of my keen interest in accounting, I decided to continue study the subject at A-level. What I didn’t realize by this decision was the depth of knowledge I was going to gain and how every single concept will become applicable to the real world. I spent most
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I never really realized the importance or the need of it before and the reason for that I believe is because I had a schedule during school and everything was done in a manner. But after rolling out of that bubble, I have realized that organizing workload and balancing studies with social life is a real tough task. It all appeared difficult at the beginning as I only get a day off from work and I had to allocate that time between my family and maths but I eventually started organizing the work and prepared a schedule. I have now become more self-discipline and efficient in my work.
Because I get paid for the work I do on a monthly basis, I have also realized the importance of budgeting and the fact that practical budgeting is far more different and difficult than what is taught in accounting at A-level. I believe budgeting is vital for everyone regardless of their age and anyone can benefit from it as it isn’t only applicable to those having trouble making ends meet. I have learned to delay my gratification so that I can pay for necessities first and not spend money
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I have taken part in multiple sports during school and because of my great passion in all kind of sports; my coaches have always had high expectations from me and demanded for perfection. I remember times when I haven’t been upto their mark but what I learned is that loosing teaches lesson that winning cant and I strongly believe that learning is an essential element in life and sports nurtures this gift. However, participating in various sports seeped into my personal life in a way that it made me realize the importance of responsibility and
Along with working hard to make the team I wanted to be on most, once I was on the team, I learned that I can’t always control everything. Being knocked down through the seasons, I have less desire to continue playing. “Tough love” would be an understatement on how some of the coaches have treated fellow athletes and I. Never earning a “nice work” or “good job” begins to get frustrating and you get harder on yourself as an athlete. These challenges have grown me as a person and taught me that I shouldn’t give up, no matter how hard it
many young athletes’ perceptions that their parents expect them to be extraordinary and would criticize them if they failed to deliver. The added pressure from coaches to be perfect can also deter young athletes’ focus on doing what is right or doing what will allow them to succeed and ultimately satisfy their parents and coaches desires (Madigan, Stoeber & Passfield, 2016).
Participating in sports has taught me to be responsible for my own actions. Whenever I fail I move on and keep on trying. I’ve struggled but in the end I overcame most of the obstacles I faced.( I learn from my my mistakes )Flag football has taught me to become a leader, however, track and field taught me
Sports are not for everybody, not only because of talent level, but because a certain mindset is to be had to be successful at any sport. A commitment is made. Forty hours of practice a week, the average amount of time spent practicing for football players, all for a one hour game, the average time of one game of college football, takes dedication. That is not even counting the time spent icing, resting, and studying the playbook or film, not to mention the school work to be kept up with for college and high school students. Most athletes have become used to the grind and juggling three or four time consuming activities all at one time while being successful at each. Waking up at the break of dawn, following a schedule, and suffering consequences when a bad choice is made creates character and discipline that is often needed for many little league, high school, and college athletes. The most important non tangible thing sports teach anyone is how to get back up after falling, how to get knocked down but get right back up and keep going, how to move on from failure and overcome it, focusing on the next important part of life. These skills of determination and courage taught through sports are essential for being successful in any part of life and are hard to come by anywhere
However, when we talk about youth sports, our main concern is with providing players with a positive, character building experience. Winning is not the only acceptable outcome for youth players, and coaches need to understand this principle. “With a winning philosophy young athletes may lose out on opportunities to develop their skills, to enjoy participation, and to grow socially and emotionally. Well informed coaches realize that success is not equivalent to winning games, and failure is not the same as losing.” (Enhancing Coach-Parent Relationships in Youth Sports, 15)
To be an athlete, especially one of the three sport variety, is a huge undertaking, as it requires year-round commitment and a passion for hard work. Personally, I have played consistently in three sports since the fifth grade, and I believe this lifelong dedication has paid off for me. It’s impossible to put all of your energy into being an athlete, because while becoming successful in sports is one thing, it is an entirely more important matter to become a successful student. Balancing this can be hard and it is that balance which must be perfected in order to become a good athlete. An athlete to me isn't just someone who straps on their jersey and plays a game, it is a person who is dedicated to a sport on and off the field, and someone who exemplifies the best qualities in their environment.
This course focuses on principles of accounting for the non-accounting student. Emphasis will be placed on the accounting equation and transactions, financial statement preparation and analysis, internal controls, regulatory environment, compliance, and global business implications.
Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial
Being involved in high school athletics has had a huge impact on my life. It has not only taught me the meaning of hard work and persistence but giving me the opportunity to build confidence on and off the court. When i was younger i would tend to keep to myself, always sitting through class hoping to never be called on because if I were to be called on, there would always be a chance to do or say something wrong. It wasn't until later, when I came to the conclusion that I feared failure, and at that time I would rather stay quiet and give in to that fear rather than face it. It was ultimately through sports that I came to the conclusion that you can't always do everything perfectly, and in the end all I could do was take the little control
To over view the knowledge we learnt from accounting theory and practice, the main thing I can conclude that is the tendency of accounting will shift away from technical way to people’s behaviour way. By understanding what should do, we should ask why and how we could improve and change it into a better way. This essay aims to explain how the theoretical material that we learn in lectures can be developed under a real practical manner.
Overcoming the fact that one day you will not be able to play your sport is one of the hardest things all athletes must one day go through. It is a fact of the game that one day your eligibility runs out or if you are one of the lucky few who play professionally, your body’s years of health do not last forever. Coaching just to be around the sport and spread the joy that sport gave you for so many years. My coaching philosophy relies extremely heavily on this information. I have always been a person who is passionate about the things I love because I do not believe in not putting your whole heart into something. The most critical component to success in whatever sport you love lies in honoring the game that so many before you loved and excelled at. Excelling and honoring the game means having respect for everyone involved with the sport. Giving respect to your coaches is something I learned from the beginning. Being respectful and having a positive attitude learned at a young age is something completely taken for granted until you have adults who can neither adapt nor be flexible when something does not go their way. Sport is a form of education in that it teaches you similar life lessons that will be useful for far longer than the amount of time that you spend actually playing it.
During my time at Accounting Firm X I learned many lessons that apply not only to accounting and the principles and practices associated with that subject, but also to life as a professional in a real world work setting. The purpose of this essay is to highlight my experiences at Accounting Firm X to shed light upon key learning experiences that can contribute to a holistic educational experience. In this essay I will first describe my goals and expectations. Next, I will go in to detail about my daily routine and how these exercises contributed toward the overall experience. I will then explore the overall lessons learned from my time spent at the firm.
Accounting is the language of business. It is a profession that is being guided by principles, concepts, conventions, laws, etc. All these fundamental building blocks serve as common and general compasses to all practitioners of the profession. In some cases, they are nation-wide tailored, while in other cases, they are universally tailored. Accounting as a living, practical, dynamic and realistic profession covers so many areas of social, economic (business), and governmental activities. Surely, any endeavour that involves monetary and material activities create a room for the services of Accounting. Many of the human endeavours for which the accounting profession plays significant (some times inevitable) roles include; Banking, Insurance, Manufacturing, Farming Contracting, Oil and Gas, Mining, Transportation (Air, Land and Sea), Educational Institutions, Churches, Ministries, ICT, Hire Purchase, Local Government Authorities, Estate Businesses, Export and Import Businesses, Bill of Exchange Transactions, Royalties Transactions, Consignment Transactions, Stock Market Transactions, Sports, Entertainment, Hospitals and Hospitality Industry, etc.
Accounting is basically a language: a language that provides knowledge and information about the financial position of an organization. When we study accounting we are basically learning this expert language. By learning this language we can analyse and understand the financial operations of any and all forms of organizations.
According to Gaspar (2014), accounting can be viewed as “the language of business” as it records, summarizes and reports the financial activities and events of a business. The information that is generated from accounting is used by people to make important decisions, such as managers, stockholders, potential investors, and creditors. The income statement, balance sheet, statement of retained earnings and statement of cash flows are the most important reports generated by the accounting information system.