Summary Of The Future Of Accounting Profession

The Auditor, an instructional novella written by James K. Loebbecke, tells the story of Jack Butler, a man from the San Francisco Bay area, who goes to college, majors in accounting, and goes to work for a large accounting firm referred to as “The Firm.” The story is loosely based upon the real world experiences of the author, and is written to give students a look into the world of public accounting that goes beyond a textbook. The Auditor not only gives students a chance to follow Jack Butler’s journey up the company ladder at The Firm, but also reiterates the relative importance of conventional lessons learned in school.

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.

Auditor, an instructional novella written by James K. Loebbecke, tells the story of Jack Butler, a man from the San Francisco Bay area, who goes to college, majors in accounting, and goes to work for a large accounting firm referred to as “The Firm.” The story is loosely based upon the real world experiences of the author, and is written to give students a look into the world of public accounting that goes beyond a textbook. The Auditor not only gives students a chance to follow Jack Butler’s journey up the company ladder at The Firm, but also reiterates the relative importance of conventional lessons learned in school.

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.

Many young students want to pursue a career in accounting but are still wondering whether the possibility of matching this job or not. In general, the accounting industry is considered the industry that many students including myself choose and study. Graduate, students easily find a job and have a steady income. Not only easy to find a job and a stable income, I began to choose accounting because of the peculiarity quite "comfortable" of the industry: not too demanding, picky, I just have to like working with the numbers and skills required when working with numbers. Since accounting is an indispensable part of all companies and organizations, so this is one of the best craft unemployment negligent that I want to purse.

It was Monday, August 22, 2010, my Sophomore year of high school that I first stepped foot in the classroom of Mr. Telsee’s Principles of Accounting course. I was overwhelmed with thoughts of intimidation, which blinded me from understanding my full potential. Mr. Telsee distinctively educated students on how to connect realistic situations to complex problems. After finally grasping the basic accounting concepts and cycles, I knew accounting was for me. I am a living testimony that success happens the moment you step out of your comfort zone.

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.

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.

As part of the graduation requirements for South Fayette High School, I decided to spend my day shadowing Christian Stoecklein, an accountant manager at Crown Castle International. I had been curious about the job ever since I took a class on the subject in 9th grade. As a result, I was able to understand some parts of what was shown to me when I had my career shadow on May 2, 2016. After spending a day with Mr. Stoecklein, I learned more about accounting and whether I would like to pursue the job.

My goal is to become a Certified Public Accountant, in order to achieve this goal there are many steps. My first step will be to earn and receive my Bachelors in Accounting; I chose to enroll at Colorado State University – Global Campus. CSU-Global has a program of study that matches my needs but also many resources available to the students, including post education employment information. I am excited about this opportunity and plan to take full advantage of my education and the opportunities that CSU-Global has available.

Baruch Lev and Feng Gu authors of “The End of Accounting and The Path Forward for Investors and Managers” indicate that over the past 110 years, the structure and content of financial reports has not changed, and that the role that these reports play in influencing the decisions of investors has greatly diminished. Lev and Gu make a case that non-transaction events that are not captured by the financial reports such as those disclosed through 8-k filings with the Securities and Exchange Commission (“SEC”) have a greater impact on stock prices, and thus more useful to investors. In addition, they suggest that one of reasons for the decline in usefulness of financial reports stems from the increase of estimates that has made its way into these reports (Lev and Gu 2016).

To be successful in the healthcare industry, a healthcare administrator graduate needs to understand the connection between accounting and finance, and the inner components that determine the healthcare organizations financial viability. The financing department mostly focuses on the net cash flow. On the other hand, accounting focuses on the net profit. Both financial and accounting are dependent on the accuracy of the data that they both produce. The viability of a healthcare organization is determined through the collaboration and accuracy between the financial, and accounting, departments. It is important for graduates entering into a healthcare administration position to be part of the collaboration to help ensure the financial

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.

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 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.