We investigated the different industries in business and the different skills associated with these industries. We decided to research accounting, finance, marketing, and business management. Each group member conducted an interview with an employee who had experience in the specific industry. We explored a variety of concepts particular to each industry, ranging from different careers in the industry to some of the pros and cons of industry. Our main goal was to communicate how certain industries differ from one another and to provide information on what industries may best fit a student’s interest. Accounting is known as the language of business because it involves communicating information needed to evaluate a company 's financial performance. Accountants prepare and examine financial records, snapshots of a company’s current financial performance. Firms begin recruiting during a student’s sophomore year, offering an internship which can eventually turn into a job offer. It is standard to join a public firm (ideally a Big 4 firm) after college to gain significant experience in addition to creating a great network of clients and colleagues. Accounting majors also have the opportunity to work for private companies, which provides a less stressful working environment with significantly less hours. On a day to day basis, an accountant will often be outside the office, examining the financial statements of a company, checking their IT systems, and interviewing employees
Going into my freshman year at Liberty University, I knew I wanted to major in accounting. I understood that a BS in Accounting would set me up with many options in the business world to make up to six digits. However, I did not know exactly what I wanted to do with my degree. The FOCUS 2 Career Exploration Worksheet showed me many options that my degree would give me, along with the pay that goes with each. This helped me to narrow it
For me accounting is personal. As an immigrant, life has seldom been easy. It has been marked by continuous sacrifice, unfamiliar settings, and unnerving trials. From an early age I witnessed my parents painstakingly keep track of their income and expenses in order to make ends meet. Such trying moments were the early signs of my inclination towards accounting. In essence, these painful experiences stirred something within me, something that culminated into a passion. After exposure to numerous accountants and academic courses, I was firmly convinced accounting was my calling. In pursuing my calling, I attended Miami Dade Honors College and earned an Associate of Arts Degree in Accounting. Afterwards, I transferred to Florida International University, where I hope to acquire my Bachelor of Accounting in April 2018.
1. Discuss the nature of stock as an investment. Do most stockholders play large roles in the management of the firms in which they invest? Why or Why not?
The purpose of accounting is to provide the information that needed to make sound economic decisions. It is one of the oldest professions in the world today, and the backbone of any business operation. It is not just about numbers, accounting is about planning. Accounting has many subfields, which includes management accounting, financial accounting, and cost accounting. Accounting can be a prestigious career, but to achieve that prestige you will have pass the CPA (Certified Public Accountant) exam and become a licensed accountant, and with that license you can work in any of the subfields.
Within this report and portfolio there is going to be analysis on different employability skills covered within this my first year at university and, evidence of how they are incorporated in my own development as a Business Leadership and Corporate Management student to successfully hold a placement for the next two years of my degree.
Many young students want to pursue a career in accounting but are still wondering whether the possibility of matching this job or not. In general, the accounting industry is considered the industry that many students including myself choose and study. Graduate, students easily find a job and have a steady income. Not only easy to find a job and a stable income, I began to choose accounting because of the peculiarity quite "comfortable" of the industry: not too demanding, picky, I just have to like working with the numbers and skills required when working with numbers. Since accounting is an indispensable part of all companies and organizations, so this is one of the best craft unemployment negligent that I want to purse.
Accounting is a business discipline that allows companies to record, analyze, and retrieve critical financial information that can be used to determine a company 's financial status. Its purpose is to help people understand what is going on financially within an organization provide reports and insights needed to make sound financial decisions.
Up until recently, I was like many of my peers, uncertain about what the future would hold for me. I did not know where exactly I wanted to attend school, what I wanted to study, or what I wanted to do career-wise. But, after taking high school classes like Business Information Management, Human Resources, Banking and Financial Services, and Accounting I, I found my long awaited answer, a fascination in the business and financial world. I loved attending these classes and learning new and exciting
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
However, with a degree in accounting, there are many career options one can take. For example, one can pursue a job as a Financial Accountant. As a Financial Accountant, the job can consist of preparing financial statement, or running spreadsheets. On the contrary, accounting major can also acquire a license as a Certified Public Accountant (CPA). This will allow them to work as an auditor, tax compliance, estate and financial planner. The texts I have selected were written by and for Business majors and all have a common structure and
This section will help you to evidence Learning Outcome 3: Understand how to manage budgets.
For the last 5 weeks in Cal Careers, we have been doing a simulation with the stock market. The amount of money we started with was $5,000. We observed different companies’ stocks and decided which stocks we wanted to buy. After buying stocks from 6 different companies, we recorded the amount of money they made us that week. As the weeks passed, we had to decide whether or not we wanted to keep our stocks or sell them. By the end of the simulation, we either made money or lost money.
On Sophomore Career Day I got the opportunity to better comprehend the accounting aspect and how it connect to a variety of career for instance real estate, supply chain management, and even leadership coaching. Accountancy is a great portion of a business because if it is based on numbers and rules that determine if a business is in line. I have been told that accounting is the safest routine in business because they will always be needed. Throughout the presentation I got to learn the insight of what it really means to be an accountant in distinct careers.
Management in business and human organization activity, in simple terms means the act of getting people together to accomplish desired goals. Management comprises planning, organizing, ->resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Accounting professionals are in very high demand. The nature of work in accounting is so vast an individual would have so many different areas of accounting to choose from. Accounting requires people who can work with complex business structures, computer systems, and financial analysis packages. Accounting work further requires an aptitude for mathematics and the ability to compare and analyze accounting data quickly. Accountants also need to have strong communication skills as they must effectively communicate accounting data to their employers and/or clients. The accounting profession also demands a high level of integrity and morality because the financial data prepared by accountants is used by business managers to run their