Accounting Methods Used By Ancient Egyptians For Inventory Purposes

Accountants are responsible in analyzing and assessing the revenue, expenses, reporting financial matters and giving advice about the financial health of their employer. They help their client to know the best way to run a business by tracking and analyzing where does the money of the business go. They also give suggestions on where money could be made and advice in budgeting the money in the business.

Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.

The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities

In order to pursue a successful career path, education seems to be one of the most important key factor in today’s society. According to the American Institute of CPAs, in order to be a Certified Public Accountant, one must complete a total of 150 credit hours of education and pass the CPA exam with a minimum of a master degree in accounting. Classes such as accounting, economics and calculus are beneficial in pursuing in accounting. These are some of the courses I am required to take in order to graduate with a degree in accounting which can benefit me even more in the future. According to National Association of State Board of Accountancy, by becoming a CPA, there will be a variety of career choices. There are two general areas of accounting: public accounting, or business accounting. However, unlike other business jobs, CPA exam is required to take before becoming a Certified Public Accountant. Earning an accounting degree, being employed as an accountant, and being a CPA are different activities. In order to prevent from

Many people here the word accounting and thinking of the big four accounting companies. Although accounting pertains to individuals as well, and there are many benefits to having a personal accountant. A personal accountant can help with personal finances like bills, mortgages , and luxuries. All financial decision big or small can have a huge impact on your future financial status, therefore having a personal accountant can limit the risk of making a financial mistake. How do you know when it is a good idea to invest in a personal accountant? There are a few questions that can be asked:

II. Main Point #2. Contrary to popular belief, Accountants, and the tasks that they perform, are an important part of most people’s everyday life.

The CPA's traditional environment focused on auditing, accounting services, tax, and management services. Some of these services in taxation and management can be competently rendered by others. Only CPAs (and other public accountants where permitted by law) are licensed to examine financial statements and express opinions for which they are

Accountants are relied upon to be trustworthy and maintain high ethical standards. It is because of the nature of the profession that puts them in a position of trust with people who rely on their professional judgment and guidance in making decisions. These decisions are extremely important in accounting and more so that companies that have high ethical standard or main good ethical culture spend enormous time to train the staffs about the conduct that is expected of them.

We need accountants because they are trained to handle tough financial situations. They know what investments are wise, what we can afford, and how we can increase our wealth.

The governing of the behavior of Certified Public Accountants (CPA) is done by the American Institute of Certified Public Accountant (AICPA). The largest professional association for the CPAs is the AICPA. The purpose of the AICPA is to equip CPAs to fulfill their duties to the public sector.

Professional certified public accountants are held in high regards, and public perception is very important and they must go far and beyond what is expected of them nor what the rules says. In carrying out their responsibilities, they must performed their duties in compliance with standards or ethical values of honesty, integrity, objectivity, due care, confidentiality, which must be fully committed to. They must put clients or public interest first before their own.

When it comes to investigating what the lives of those who lived thousands of years ago were like, it may be difficult to determine the truth behind what really happened. In The Material World of Ancient Egypt, William H. Peck attempts to educate the reader and speculate upon the aspects of an ancient Egyptian's life based on evidence that we have today.

With professions having this tremendous knowledge regarding a company’s financial standing and not being able to disclose the information to the public it can create major investment errors. With these restrictions in place by the AICPA the accountants and auditors “… in a position of having to choose between earning a livelihood or making a proper ethical choice” (Synder, 2011).

What draws me into the field of accountancy? Why do I want to launch a career as a certified public accountant (CPA)? What is there about numbers, spreadsheets, profit and loss statements, audits, inventory and fiduciary responsibility that appeal me? In this paper I will describe in detail the reasons why I am attracted to this field. Also, what are the duties and responsibilities of a CPA? How available are job openings for a person with the education and experience to work as a CPA? How well to companies compensate those hired as CPAs? These questions and issues will be thoroughly reviewed in this paper.

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