Skills Needed To Study Financial Accounting

Staying organized is essential for success. I suggest you use a calendar to keep track of when assignments are due. Use a planner to keep track of your activities and stay organized. Don’t wait until the last minute to complete assignments since that would only add more pressure to your life. It may also affect the quality of your work. Do you think I’m talking from experience?

The goal in the life of a college student is graduating and getting the dream job in the career field that is chosen. To achieve this goal takes more than just having the knowledge and heart for the career; it also takes technical skills to be able to perform the tasks. The Auditor: An Instructional Novella stretches beyond the standard textbooks to reveal the principles and practices of auditing as they are in the real world. The book consists of a few key aspects such as: targets students’ natural curiosity about the field of accounting, supports traditional teaching tools, shapes the potential challenges that awaits public accountants.

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.

Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.

Making a to-do list for daily tasks is also a very crucial part of a student’s time management while in college. They will quickly find out that making a list of what they want or need to get done is wrote down each day. Some students find that it is most useful to make their list in the evening so that it is ready first thing the following day (Steely 2011). When writing their list students need to write the list in order from what they feel is the most important to the least. As each task is completed, it should be marked off. If there is anything still on the list at the end of the day that did not get done it should be added to the list for the following day. It is also a wise idea to put the list in a highly noticeable place. This can be the refrigerator, a tablet, cell phone, or even

With everything that we have studied during this class, I found that keeping an open mind and thinking outside the box is the easiest way to approach certain situations that require a special need for communication skills. "Although, our communication skills will always change throughout our lives because of our constantly changing self-concept and perceptions. I have been using strategies like actively listening and proper assessments, as a way to achieve a flexible style effectively communicating. To me, good communication skills with a positive attitude open the doors to a successful career that is beneficial to any organization, but more importantly a way of knowing and understanding those around you.

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.

In Petra Christian University, I have taken several accounting subjects such as Principles of Accounting, Financial Accounting, Cost Accounting, Corporate Accounting, Managerial Accounting, and International Accounting. While in finance subjects, I have taken Financial Management and International Financial Management. Thus, I am able to say that I am familiar with the concept of finance and accounting.

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.

Being able to communicate effectively is crucial to one’s success in the business world. While accountants are often stereotyped as being socially inept, employers consistently look to hire students who are able to function in a team based environment. Throughout the course of their careers, accountants will interact with hundreds of people of varying status and prestige. Therefore, to be successful in this field, an aspiring accountant must be comfortable interacting with everyone from staff accountants to top executives. Accordingly, is important for someone at the beginning of their career to step back and evaluate their ability to communicate across a wide variety of situations.

Accounting has become a more interesting and attractive position among the millennials due to the high demand in the industry after the Enron fraud scheme in the early 2000’s. It has also become a more interesting field due to the how the profession’s involvement and characteristics have changed since the incident as well. Accountants used to be known to be bean counters, characterised to be introverts, simply keeping track of companies’ financials. In recent years, there has been a shift from profession in which accountants

- Accounting Education- Its Current State and Criticisms……………….5 - Incorporating Critical Thinking Skills into Accounting

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.

Accountancy or Accounting is said to be the “language of business”. It is the art of communicating in terms of financial aspects in the business world. It communicates in the form of financial statements that shows the income, assets, expenses, liabilities and capital of a certain business. It is a branch of mathematical science that shows the reason behind the excellent success of a company, as well as its downfall or failure.