My Professional Field Is Accounting Essay

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.

According to ASPE 3400.05, revenue cannot be recognized until the following three criteria are met.

an explanation or rationale of your work. In this task you are to consider the

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, in third person, why the topic is relevant, and a problem or issue associated with the topic. It is important to provide scholarly sources in support of your discussion of the problem or issue.

Obtaining such title and maintaining it simultaneously is very hard because it requires very high ethical standards, harsh comprehensive tests and continuous education. Once obtained, it is the best job for an accountant. It comes with many benefits including an increasing essential for representation, credibility and experience in accounting. In the modern economy, many people and firms are

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

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.

Accountants should always carry out the public responsibility, meaning they have a responsibility to ensure that the accounting functions are performed to the highest possible standards and the information which an organisation provides for its stakeholders is true and accurate. To reach the goal of improving the performance of accountants, there might be several steps to undertake. There should be on-going education to keep abreast with the existing and emerging

Now, suppose I were to assign the following essay topic (DO NOT WRITE AN ESSAY):

Importance- Explain the importance of studying your topic. Why should we care? What is the relevance in terms of current academic study? What do current researchers/professors say about your topic? This section should include references to research that you have done during the course of this class. Be specific. Include in-text citations (MLA) or footnotes (Chicago).

For the topic you choose: 1. Support your ideas with specific, illustrative examples. If there are questions or points associated with your chosen

I chose this topic because I wanted to focus on a matter that is relevant to the audience in order for them to be interested. Also, I wanted the audience to learn something new that they could apply to their lives currently.

1. A brief history of the two organisations, and their objectives, in as far as they

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.