Introduction. The Accounting Industry Provides Unlimited

1. How does PPLS create value for its customers? What are the critical risks that it has to manage well?

For the first time in history there is a possibility that there could be as many as five different generations working together and communicating amongst each other on a daily basis.Coming from all different era’s, and eached raised with different values and thought processes, these different generations each have their own impact on the workplace. Each generation has its pros and cons on how well they will work with the other generations, and the ways they effectively communicate amongst themselves.

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.

Millennials bring advantages in the workplace when it comes to the use of technology. They are the generation who knows how to use the high-speed and high-tech devices that are being produced. The journal “Understanding

Communication skills are important to any organization and employees are expected to be professional and be able to express their ideas and opinions in that manner. Good communication skills are not limited to one area, to be an effective communicator you must be a good listener, be able to read body language as well as express your ideas verbally and in written form. Employees older the age of 40, have not grown up with the technology that we have today and have relied more on hand written, typed, face to face and verbal communication in a way much different than today. Because staff members over the age of 40 have spent their careers in a more formal work environment, the communication that they prefer tends to be more formal as well. Social media a fairly new way of communication that has grown significantly over the past decade and while can be a very beneficial way of communicating, it can also affect an employee negatively. The tendency to post a status about a bad day or something that may have not been for public release could harm the company or the employee’s relationship with coworkers. Generations before the millennials have not grown up using this vehicle of

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

Millennial joined the workforce between 1980 and 2000. Millennial prefer to work in a team for projects rather than working individually. This generation of worker prefers to make friends at work and work well with diverse co-workers. Millennial have a can-do attitude but often require frequent feedback some as often as daily. This generation of workers also prefers step-by-step instructions or direction on how to complete an assigned task. They desire leadership and structure from their older co-workers.

An aging of a company's accounts receivable indicates that $4,500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a

I have read and understand the plagiarism policy as outlined in the syllabus and the sections in the Student Bulletin relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.

ims is trying to argue that the net income percent of sales decreased because of the many operational cost that have doubled up during 2015. He also tries to remind Leroy, the owner, that the auditors would audit them in a matter of one month and they would discover that the company cannot maintain their everyday operations. Sims is also being asked to changed the information in the financial statements in order to meet the same perecentage of sales from December 2015. Sims needs to address that he will be breaking the law and accounting principles if he manipulates the numbers in the financial statements.

Unsatisfied employees may be more likely to work less efficiently, and demonstrate less loyalty to their organizations. Aspects of entitlement from Millennials may also engage intergenerational disagreement if members of management are from older generations, resulting in workplace conflict. Senior workers may begin rebelling against Millennials as they argue it is the younger generation’s turn to make the same sacrifices required by the older generations, and accept responsibility for performance outcomes (Myers & Sadaghiani, 2010) rather than abandoning their position when the work gets tough. Millennials do not wish to pay the same dues as their parents did with longer office hours, fewer promotions, and no work-life balance; as parental generations feel offended by the demands of Millennials, Millennials feel mistreated if they are required to accept any of the realities their parents had to

Question 1: The situation in this case study revolves around Sally, a member of the Board of Sally Susie's Donut Shop, Inc. (SSDS). SSDS uses an accrual method of accounting and over the past three years has seen volatile sales. Sally is unhappy with her previous tax advisor and wants new advice. Our task is to outline a preliminary interview with Sally to ensure that we ask the right questions.

Many students eventually come to a point in their collegiate career that they must decide what path to pursue in their professional careers. For the majority of accounting students, this could not be more challenging since there are such a large variety of career paths to choose from. To further complicate this decision making process, many of the career fields in accounting mandate the individual to obtain certain field related certifications that are essential to that particular field of study. Examples of these certifications are as follows: Certified Financial Manager (CFM), Certificated Public Accountant (CPA), and Certified Management Accountant (CMA). These accounting certifications can sometime prove to be incredibly difficult to obtain.

(Behrstock–Sherratt and Coggshall, 2010) It is the combination of the focus on relationships, embracing the technological age, and their desire to create a positive impact on society through their business practices that separate Generation Y from other generations and have created the shift in how teams communicate with one another.

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