Job Description Of An Accounting System

As the first accounting employee at a start-up technology company, success presented itself as an endless opportunity and involved an array of subject matter. Tasks ranged from establishing an accounting system, implementing processes and hiring staff, to developing reports, performing operational analysis and preparing budgets/forecasts. After six years of dedicated effort, there is now a functioning Finance department

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.

On Wednesday, February 24, 2016, I conducted an interview with Professor Clarissa Wilkerson, JD, CPA. As an accounting major, I am extremely interested in pursuing a career in accounting and am a student in Professor Wilkerson’s class. Her enthusiastic personality continues to inspire me to pursue a career in this field. After explaining my career goals and the details of this assignment, she gladly accepted when I asked if she would be willing to conduct an interview to help me complete this interview report. Professor Wilkerson received her Master’s degree in Taxation from Georgia State University. She is also a licensed Certified Public Accountant (CPA), and has considerable experience in the field of accounting. A few of the topics we discussed were: the importance of teamwork, the way technology is changing accounting, the value of understanding finance and economics in relation to accounting, and the usefulness of receiving a degree in accounting and earning a CPA license.

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

Auditors are inspectors who are taught to look for tax fraudulent which include individuals who have a fake social security number, have more than one book where they keep the company’s finances or stating a disabled spouse as a

Have you ever wanted to work with a lot of money or even work in the front offices of sports team? Well, then accounting could be a great career choice for you. Accounting is defined as the action of keeping financial accounts. Accounting is a very misconceptive career path as many believe it to be people siting in a cubicle crunching numbers. As there are some people who do partake in this side of accounting, accounting is not merely this concept, however, it is for people who work well in a group together and work to solve peoples problems that have to do with money. Accounting is the career I chose because it involves sociable, detailed-oriented people, who work with numbers, coming together to solve problems money related. In this paper, I will cover the history of my field, some educational requirements, what actually is accounting, some common misconceptions about accounting, some famous accountants, and other careers one can achieve with an accounting degree.

The accounting department is very crucial to the company. We understand that experienced and seasoned qualified accountant shall be employed for relating accounting duties, internal control, and cash management. This department is like a central unit that will work with other departments of the company. Accounting departments would consist of internal control unit, and financial control. The internal control unit would set policies on how the financial and operational activities of the company shall be carried out, and check at interval to ensure compliance. The financial control unit roles are to ensure the accuracy of reporting, eliminates

Because my major was not auditing, I knew nothing about this job. In other words, I lacked of ability to help my colleagues when I went to the office in the first day. I did not know the process of preparing the audit reports, even the accounting profession proper nouns. What’s more, accounting has always been tedious work.

To answer this question, first scale up both of the figures. The units increased by 20% from a base of 3000, so (1.2)(3000) = 3600 units were sold. The price at which they were sold was a 10% increase on a base of $50, so (1.1)(50) = $55. The total gross revenue therefore is (3600)($55) = $198,000. To calculate the net revenue, the 6% returns must be subtracted from the gross figure: (198,000)(.94) = $186,120

* Accountants, Auditors and Lawyers: Audit the financial statements of companies and evaluate if they comply with establish standards and represent the true states of the firms. This give to the investors and analysts the confidence to make decisions based on these financial documents.

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.

It is a well-paying job. The on average starting salary is $135,000 and normally that number will increase by 12% making the salary $156,000. The salary normally increases the longer a person works. It is a fairly decent job.

The auditor’s responsibilities are to audit annual financial statements and internal controls over financial reporting, and reports from the 10-Q quarterly reports. The auditor must also advice on new accounting pronouncements, and consolidating financial statements. (Intel Proxy Statement 2011, 48)

2.1 Identify the external regulations that affect accounting practice. 2.2 Describe the causes of, and common types of, fraud and the impact of this on the organisation. 2.3 Explain methods that can be used to detect fraud within an accounting system. 2.4 Explain the types of controls that can be put in place to ensure compliance with statutory or organisational requirements.

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.