Chapter 1, Problem 4EYCT

Assume that you are already a certified public accountant and has an accounting firm. you will introduce yourself to a client and you have all the services thay public accounting can offer. Explain to your client why he/she would need your services.   Hi! I am _______ (yourname) a Certified Public Accountant and I owned _____________ (name of your accounting firm). I offer external auditing wherein I __________________________________________________________________________________________________________________________________________.   I am also expert in Tax preparation and planning. I can help you to ________________________________________________________________________________________________________________________________________________________________________.   Oh, before I forgot I have a lot of experience in Management advisory services I can give you a lot of effective advices such as…

With specific reference to your career ambitions as a professional accountant, reflect on six (6) ways in which the tools and knowledge you have acquired through undertaking an accounting programme has shaped your mindset and will impact your professional life. Write a summary report based on your reflections.

You are employed by a business consulting firm as an information systems specialist. You havejust begun an assignment with a startup company and are discussing with the owner her need for anaccounting system. How would you respond to the following questions from the owner?a. What is the meaning of the term accounting system?b. What is the purpose of an accounting system and what are its basic functions?c. Who is responsible for designing and implementing an accounting system?

answer these questions: step 1; Why do managers/accountants need to behave ethically? Explain. Step 2: Describe thestrengths and weaknesses of an accountant for icecream business. would they be good accountants?step 3:Compare and contrast manual accounting with computerized accounting, How are theydifferent?

Identify the top three concepts or skills you learned in this course that you believe will be the most useful to you in your current or future professional career or education along with rationale as to their importance to someone in the field of accounting or financial management.

What are some of the benefits to obtaining a degree in accounting? What is the difference between a career in public accounting and private accounting? What are some of the traditional careers of accounting graduates? What new areas are accountants expanding into?

Two of your friends, Sony and Ted, are planning on starting a new  business. Knowing you are studying accounting they come to you for advice as to the best business form they should use for their business. They want to be able to raise capital; they also want protection against claims by creditors.  As an accounting student:     What business form would you recommend to Sony and Ted for their business?    Why?

Accounting professionals apply many technology tools to aid them in their everyday tasks and decision making. The General Ledger tool in Connect automates several of the procedural steps in the accounting cycle so the accounting professional can focus on the impacts of each transaction on the full set of financial statements. use this tool in helping students see the advantages of technology and, in particular, the power of the General Ledger tool in accounting practice, including financial analysis and “what-if” scenarios. What is Apple’s return on assets for the current year?

Objectively answer the question below for a maximum of 3 sentences. What do you think is the greatest advantage of accounting professionals over those in other professions?