Essays on Accountant

Institutional of Affiliation:

During my early days in school, I had a great passion for numbers and arithmetic, which at the time involved basics tasks like addition, and subtraction. I was later on introduced to general calculations, and Finance related Arithmetic. Dealing with these made me realize my inner desire to become an Accountant. I have since then pursued my passion by taking every opportunity that comes my way. After completing high school studies, I volunteered to work for an auditing firm, a job that kick started my accounting career. Although all I received was just a token as a show of ...

Careers in Accounting

The first career option for the professional with the accounting education is the audit and assurance job. The main reason for the auditing job is that it is related to the accounting standards such as IAS, IFRS and US GAAP. The main responsibility of the auditor is to inspect and review the annual financial statements of the company. Therefore, due to the professionalism, integrity and the competence level of the accountants, the professionals with the accountancy knowledge can pursue as the professional accountant. (Mally, 2015) Another career option for the professionals with the accounting education is the asset manager ...

IAS37: CURRENT ISSUES IN FINANCIAL REPORTING

IAS37: Current Issues in Financial Reporting Introduction Since the publication of IAS 37, it provides explicit directions for companies to recognize provision, contingent liability and contingent assets. IAS 37 undermines the traditional accounting concepts of prudence hence leading to considerable volatility in companies earning reports. The IAS 37 helps in disclosing the transaction incurred in an organization that is associated with liabilities. In the IAS 37 standard, the word “probable” has been adversely used and hence providing options of creative accounting essential for companies to recognize its provision on balance sheet. Before the amendment of current IAS 37, the ...

The managers of public sectors are confronted by the dilemmas related to ethics because they effort to select options surrounded by the values set. Ethical problems might emerge from similarly alluring alternatives that may perhaps be defended as the right one in some circumstances (Ehrich, Cranston & Kimber, 2004). The starting of the twenty-first era has shown the profession of accountancy as the biggest challenge to continue. Such task highlighted the need for the profession to make stronger the self-assurance of public in its ethics plus efficiency (Onyebuchi, 2011). The scandals related to accounting that is found out frequently in ...

An Overview of the Standard-Setting Industry And Its History

Introduction Accounting Standards have been in existence since the beginning of the recorded history. Some of these standards were set up by rulers or reigning kings. However, as the world developed, States started coming up with bodies aimed at controlling the quality and standards of products and services in the accounting sector. In the ancient world, the man used to come up with standards with a desire of harmonizing his activities with important changes in the environment. Some standards were also set in response to a rise in needs in the society. The standard setting body in America was ...

Essay

Careers In Accounting Accounting is always a demanding field, and amount of positions offered to potential employees is huge. First career option is an accountant. The most common responsibilities of accountants are bookkeeping, auditing of finance, tax preparation. Accountants are needed in the sphere of education, business, health care, government and some other ones. Salaries of accountants are increasing every year. Common educational requirement is to have bachelor’s degree in accounting. One who is eager to start career as an accountant should posses career focus. It will be good to have certifications in the professional sphere that will ...

Business administration jobs offered in San Francisco

The business administration jobs that are provided in San Francisco include the summer associate in the investment bank as the bank has the programs in which it wants to equip the personnel with knowledge as well as train them so as to be productive in the team and establish the long-term career. The entity is hiring the professionals who have the international perspective on the future concerns of the banking and who want to make a significant impact on the commercial level. The entity is looking for various values in the professional because it values diversity and therefore it ...

Introduction

There is a requirement to guide the students choosing the accounting subjects what is the scope of this subject. How can they pursue their career of this subject? Once they are clear about the career options it will help them to opt right path.

Following are two career options for accounting students as future professionals:

Certified Public Accountant The students who choose a career in the public accounting must focus on auditing and tax functions. A Certified Public Accountant is a qualified and licensed accountant who can undertake the tasks related to auditing of financial statements and certifying various business documents . CPA is highly paid as well as a well-respected ...

The Accounting field is a rather vast field that in recent time has been noted to employ quite some people. The field is deemed to be a very famous and prestigious one given the number of students that end up taking accounting classes plus the number of graduates that are churned out from the institutions of higher learning every given year. The growth rate of the field is encouraging, on a brighter note. The diversification in the multiple career options available for the field of accounting provides the basis of discussion for this paper starting off with examples of ...

Every business entity has the code of conduct that guides the actions of its employees. It is crucial for the management of the companies to ensure that the letter, as well as spirit of the principles, are observed. However, various employees still engage in unethical behaviours that have the potential to affect the reputation of a given institution or profession. The field of accounting has been one of the most affected sectors (Smith, Merlone, & Duffy, 2016). The employees often break most of these ethical guidelines willingly. The impacts of unethical behaviour in the accounting sector are far reaching. This ...

Introduction

The invention and development of computers have changed many aspects of human society. Most of these changes were too revolutionary, that it is often hard to imagine a life without computers. This increasing reliance of the society towards computing technology is referred to by scholars as ‘internet of things’, a term they use to describe the interconnectedness of people and computing technologies (Gubbi, Buyya, Marusic & Palaniswami, 2013, p.1646). One of the most impacted professions in the advancement of computers is the accounting profession. In fact, computing and accounting are so related that they are often used interchangeably. For accountants, ...

Final co-op report

Province Introduction The purpose of this report is to contemplate on the knowledge and skills that I have acquired during the co-op work term. During my co-op term work, I was an accountant trainee and the experience enabled me to apply the knowledge acquired in class, and also gave me an insight into the future of my career. In this report, I will include my strengths and weaknesses as was revealed by my experience in my co-op term work. Skills, weaknesses, and strengths will be listed as part of my self-evaluation. I will also conduct an evaluation of my ...

Implementation plan

The problem of cancer pain amongst oncology care patients need to be given the required attention as a way of seeing to it that such individuals are able to emerge with desirable outcomes. It is important for pain alleviation programs to be put into place to make sure that such individuals are able to manage their conditions and assists them incorporate into the society. As such, it is essential that all due processes are followed to guarantee that pain alleviation amongst cancer patients is achieved. Having in place a proper implementation program will be an important step in achieving ...

Introduction

Contemporary leadership theory is focused on the transformation of the organizational and individual view on the role of leaders in building the sustainable corporate culture and addressing change management and uncertainty in the modern corporations. While a number of frameworks are developed to evaluate and concept and find a set of factor and personal qualities, which define a great leader, the reality shows that leadership unique and the success of one or another individual as a leader depends on upon a number of intrinsic and external factors (Bennis and Thomas, 2002). With that in mind, self-awareness, understanding of the ...

Business Ethics Capstone Project

Introduction Business and ethics are really important in all aspects of life. There is the need for every human being to follow rules and this includes generally accepted morals as well as laws. In most cases, laws seem to evolve from morals and generally accepted customs and practices. However, laws come with specific sanctions whilst morals often come with softer consequences like reputational issues. There are many situations where organizations set up ethics as a means of ensuring that the workers observe moral standards in order to reduce the risks of legal problems and issues in its operations. Ethical ...

Introduction

The case of Bernie Madoff is a good example of unethical practices can lead to corruption. Madoff, which is the former investment and a stock broker, is introduced around the globe as the only operator in the largest Ponzi scheme ever on record. This is because he turned its financial management firm into a huge Ponzi scheme that defrauded a lot of money from thousands of his investors. The paper will determine the regulatory oversight that was existing while the Ponzi scheme was operating. It also speculates on the main reasons why such plans were not discovered while investing ...

At one point during the life of a small business, the owners find themselves with the decision of whether or not to change from a manual system to a computerized system. There is an incentive for small business owners to automate the processes. Among other reasons, automation eliminates the mundane tasks that take up the time of the employees (Moore and Justin 536). For instance, the generation of reports by an accountant can be laborious when done manually. However, a computerized system will allow the accountant to generate reports quickly and allow more time for other tasks. Additionally, automation ...

mmmmm dd, yyyy So far, I consider three milestones in my leadership journey and I was able to associate my experiences with some of my learning in school about leadership. My responses and thoughts in those situations were also influenced by my personality and background.

Leadership Experience 1: Captain of the Football Team

As captain of the football team, I had to lead 18 teen players who are all energetic but with different personalities. My coach told me my role was to assist him in practice and make sure that all members were following his instructions. At first, I thought that strictly following the coach would ensure ...

My interest in business originated at very young age, because I was influenced by my father who has been working in the real estate industry as an analyst for many years. So when it was time to choose a profession, which I should study in college, and then at the university, I knew in advance that I wanted to become an accountant. What is accounting? It is a well-established system that takes into account all the information about the property and the variety of operations of the company, organizes it, and expresses it in the monetary equivalent. The property ...

Introduction

The accounting information system involves the collection, storage, and processing of data concerning financial accounting that is applied by the decision makers (Hall, 2012). Therefore, an accounting information system is computerized to track the accounting operations in conjunction with the resources of the computer. Consequently, the statistical report is used by the management internally and externally by the interested people such as the investors, tax authorities, and creditors. It combines the traditional accounting practices like the Generally Accepted Accounting Principles and the resources of the current information technology. The AIS is composed of six elements as follows: people who ...

Business

Question 1 In this case, the first loan agreement was between Agile Corporation and Hi Finance Company. The collateral attached to the loan protects the interest of the lender (HFC) such that if the borrower defaults, the lender can use the collateral against the amount borrowed. When a party enters into such transaction and a valid agreement is made, the transaction is secured. HFC, being the first lender, is referred to as the senior lender and has priority over the collateral. Metro Bank is the second lender hence the loan is junior to that of HFC. The interest of ...

Abstract

The Sarbanes-Oxley Act changed the ethical nature of accounting for publicly traded companies. The Act requires new forms of ethical behavior from companies, such as creating and maintaining a code of conduct that all employees, even executives, must follow. It also requires that they honestly and accurately report financial reports and maintains that the executive officers of a company have the most responsibility in reporting and certifying that the information is correct. The Act also changes the auditor-client relationship by making auditing more independent of the client, establishing an auditing committee overseen by the SEC, and ensuring transparency. The ...

Facts of the Case

Fraud can be defined as an act or practice that is wrongful or criminal in nature with the intention of making unlawful gains. In this case, Aaron Beam, a certified public accountant, was engaged in the illegal alterations of the financial statements. Mr. Beam and his friend, Richard Scrushy both started a healthcare company known as Health South. Mr. Scrushy would then act as the CEO while Mr. Beam would act as the CFO. Mr. Scrushy persuaded Beam to do whatever it takes to make sure that the financial reports that he prepared for the company looked good in ...

There are many different jobs in the field of finance. Each of them has its own peculiarities, so it is impossible to say that one profession is better or worse than the other. In this paper, I would like to consider two professions from the area of finance which are quite popular, but nevertheless they are in high demand in the labor market.

The Role and Value of an Accountant in the Company

Even the smallest company or enterprise cannot work without a specialist in the figures and reports. An accountant keeps records of the income and expenses, regulates the passage of financial flows and does a lot of ...

Ventilator-associated pneumonia

Abstract The intensive care unit in most hospitals plays the role of providing care to patients dealing with life-threatening conditions. The technological and other set ups in these hospital units are vital in ensuring that these patients continue to receive the best regarding care while with the intentions of having them emerge with desirable outcomes. There are however challenges relating to the care that these patients receive since, in most cases, they are usually under mechanical ventilation. A patient under this condition faces the risk of developing ventilator-associated pneumonia if the ventilators are not handled with the required care. ...

Finance is an evergreen field with a variety of career options for aspiring students and professionals. With job titles such as financial controller, credit manager, treasurer, financial advisor and management accountant, the nature of work carried out by employees in this field is both diverse and comprehensive. Be it banking, financial sector companies, trusts or business consultancies, there are numerous job opportunities in each sector. Finance industry in particular is backed with critical factual information, data computations and analysis. It’s important to use reliable resources to collect this data. As internet beaming in the 21st century, it has ...

Implementation of the VAP project is a significant step aimed at ensuring that the objectives of giving patients outmost care, improvement of nursing practices and achieving desirable patient’s outcomes on the mechanically ventilated patients in the critical care unit are realized. Nevertheless, there is the need for making sure that all the relevant implementation stages have been followed and adequately taken into consideration. This will ensure any possible hitches that may affect project execution along the way are equally addressed. Additionally, it will be imperative that well-informed decisions are made with the intentions of ensuring that all the ...

Executive summary.4

THE TEAM..4

MANAGEMENT TEAM PROFILE AND OWNERSHIP STRUCTURE4

ADVISORS.5 PROFESSIONAL SERVICES5 HUMAN RESOURCE REQUIREMENT.5-6 THE BUSINESS ENVIRONMENT6 BUSINESS SUMMARY AND HISTORY..6

INDUSTRY OVERVIEW6

Consumer trend 6 Seasonal factors6 POSITION IN THE INDUSTRY.6-7 Legal issues.7 Competition7 Use of technology7 THE MARKETING PLAN.7 TARGET MARKET7 The competition 7 SERVICES.8 PRICING STRATEGY8 SALES/DISTRIBUTION PLAN8 Credit term and guarantees..8 ADVERTISISNG/PROMOTIONS PLAN..8

Public relations.9

FINANCE.9 INCOME STATEMENT9 CASHFLOW STATEMENT.9-10 BALANCE SHEET10 RISKS AND CONCLUSIONS10-11 Introduction/Executive Summary The new generation clothes line is an organization which started as a small business venture by providing quality materials to both genders men and women. The business venture began as a small clothes stall with limited stock in ...

Learning Activity #1

The ethical theory that would be the best approach for A in making the decision on whether or not to manufacture and sell Grow 2 in Ozland is Ajzen’s Theory of Planned Behavior. This is because the company needs to look at certain aspects of their decision like the attitude and social influence before they make their decision. The attitude is based on how the company will evaluate the outcome of their decision. In other words, deciding if it will be the best decision for the future of the company. The social influence is understanding how other employees ...

Corporate governance is the mechanism with the processes and relations which controls and governs an organization or corporation. There are some structures that can govern the roles of different personnel inside of the firm. These roles might include the rights and responsibilities of the participants. The participants might include a board of directors, managers, shareholders, creditors, regulators, auditors, and any of the other stakeholders. There are some procedures and rules that are used in the decision making when it comes to the corporate affairs. The governance is all of the processes when the objectives of the corporation are set. ...

Introduction

Definition of Managerial Accounting Businesses must implement effective decisions at varying phases of growth through management accounting for a chance of a future. According to an article on the Harvard business Review, businesses mainly go through two main phases of growth: the start-up phase or the mature phase. According to Churchill and Lewis, each of these phases demand and rely on differing strategies that fulfill a need and/or takes the business to the next phase. The techniques used or applied to haul business through these phases are referred to as managerial accounting techniques. The parties responsible for reinforcing managerial ...

A Pharmaceutical Corporation expects to have several current notes receivables after the end of this financial period. In spite of the company’s certainty to collect the notes receivables, the transaction may be delayed by one more accounting year. Due to this prospect, the controller is compelled to re-categorize the notes receivables as non-current. Besides, the corporation’s accountant acknowledges the delay of the collection, but she does not favor the idea of re-classification since it will lead to a drastic decrease of the current ratio from 2.5:2 to 9:2. This reduction in current ratio will have negative consequences ...

Introduction

Practicing business ethics involves three major steps; first, there must be a set of values that are used as a guideline in decision-making in a business environment, second, an understanding of the parties affected by those values and finally deciding on what actions works best for the values (Harry 45). Business ethics enable us to tell what is right and what is wrong in the course of doing business concerning the law. Good values make the society a better place to live. This essay gives a case study on business ethics in four parts. The first part introduces the ...

Introduction

Mark to market, also called fair value accounting, has been one of the most controversial accounting methodologies in financial reporting. Mark to market refers to an accounting process in which the reporting entities report the value of assets and liabilities as per the current market value as opposed to the book price thus making the methodology highly subjective (Association of American Bankers, 2016: Serakibi, n.d.). Therefore, since the reported value is pegged on the prevailing market value, it follows that the value of the financial statement would change as the market changes. In most cases, the change in value ...

Question 2

My major is Accounting and Finance. One of the typical jobs for Accounting and Finance majors is accountancy and auditing. Accountants maintain and prepare financial records while auditors examine those financial records. They ensure that the financial statements are true reflection of the business performance and that any taxes that are due are paid on time. According to the Bureau of Labor Statistics (BLS), the lowest 10 percent in the profession earned 41,400 dollars per year. The salary that is paid depends on the level of experience and education level. The minimum entry qualification for accountants and auditors ...

Personal Leadership Development Plan

STEP 1: MY GOALS I am an accounting major at college level. My pursuit of the course is due to my passion for numbers as I seek professional qualifications in accounting. Ultimately, after the completion of my degree, I would want to operate at the most senior positions of financial organizations as I seek to impart my knowledge into the business and help in managing people. However before I attain the ultimate goal, there one major hurdle that I would like to go over- Internship at a big four firm. I believe that training at the highest level will ...

Question 1

Within an organisation, accounting plays an active role to ensure that all business transactions of monetary value are classified, recorded, measured, summarised and reported in an accurate manner by adhering strictly to basic reporting rules such as International Financial Reporting Standards (IFRS) or US GAAP. Accounting rules make sure that financial statements are prepared and reported accurately by complying strictly with all reporting principles. Additionally, accounting steps confirm that all financial information is included in reporting mechanism while financial statements contain no error or any material misstatement having huge financial consequences. When the industry follows one accounting mechanism, it ...

The two requirements to act with integrity, both by Saint Leo University and by the Institute of Management Accountants (IMA), are related in the sense that both demand an ethical behavior from accountants. One must note that, however, Saint Leo University has adopted a more positive approach, indicating a pledge to be honest, just and consistent, while IMA prefers to mention behaviors to be avoided. As such, IMA's approach may be considered less flexible, as it will hardly list every possible unethical conduct. Integrity has been an important trait in the accounting profession since its roots as a bookkeeping ...

Business proposal for a company

COVER LETTER

Marketing Director 3100 Willingdon Avenue

Burnaby, BC V4K 3H2

Phone (604) 260- 5441 E-mail: We as a company are very delighted for having considered us to be you marketing team. One of the things that we identify ourselves with is digitalization and innovation of new and modern ways for advertisement. We have a well-organized team consisting of five members all of four professionals committed to advancing marketing and advertisement. Over the years we have been able to do marketing to various companies dealing with therapeutic products and the result has always been good. Our company has also been in the forefront ...

Organization of Focus

The organization that will be reviewed in this case is ECOBANK. For two years, I served as an employee in this firm where I worked in the organization’s risk management department which was mandated in guiding the firm through all manner of risks. Having served in this organization for two years, I am confident that I adequately understood its function and operations as well as employee culture and organization structure. The organization is one of the largest African multinational banks. The bank’s key operations are in West Africa. However, the bank has made great strides in penetrating ...

Personal Ethics

There is absolutely no doubt for me that any contemporary society requires ethical values to be observed by everyone. These values are necessary because they would serve to regulate the relationship between people and set some particular rules of accepted behavior. Besides, basic universal values are already spread all over the world. Living in a society we are all interdependent. If I can rely on people around me, I am able to move forward without any feeling of fear or suspicion. Moreover, I am able to learn from these people how to be consistent, I learn what it means ...

Management Accounting

QUESTION ONE The big challenge facing Siemens is how to adapt to their new proposed strategy and practices to respond to various challenges while ensuring financial success as well as increasing the value of their shareholders. The roles played by a management accountant are critical as they can assist in developing Siemens. Their role development aids in bringing change. The traditional role of an accountant is to organize, summarize, and present financial information to the management for decision making. However, being a management account, the interpreted information is supposed to be used in the development of strategies and plans ...

Chapter 4: Analysis and Findings

Analysis and Findings Given the survey responses, the following is the presentation as well as interpretation of the results regarding the expenditure and cash management services as well as payment methods. The survey results from the 30 respondents are presented in graphs and tables indicating the company’s efficiency regarding the application of strategies and various approaches. That is then used as a guide to where it needs to enhance the management.

Challenges: There are numerous challenges that business faces in cash and expenditure management. In that respect, the company’s challenges can be summarized as follows. The rise ...

Introduction

Studying accounting has been one of my interests since I was a child. Being in accounting classes was really enjoyable from the start. However, although studying the concept in class was interesting, I found it more thrilling to put to work some of the skills that I had learned. I was privileged to get an internship at PWC, one of the big four auditing firm, which I started on January 4th the year 2016. Through this internship, I was exposed to real-life accounting and auditing experiences which I had spent the last several years preparing. As such, this report ...

History

Food for the Poor is an interdenominational, Christian charity whose core undertaking is to provide food, medicine, and shelter among other services to poor people living in the Caribbean as well as Latin America regions. Food for the Poor is among one of the largest international relief non-profit organizations in the United States. The company was started in the early months of 1982 by Ferdinand Mahfood with the purpose of strictly aiding the poor who were living in Latin America as well as the Caribbean (Dear 1). Soon after, clergy members drawn from many Christian churches and denominations joined ...

According to the rational choice paradigm, a rational decision maker is expected to identify, select and executive the alternative that will yield the best result in the activity that they are doing. As such, such a decision maker will have two rational choices namely the subjective expected utility choice which is applied to identify the alternative that has the best value or engage in the decision-making process which is a systematic application of various stages of decision making. Clearly, Peter, Fran’s boss, is in total oblivion of this paradigm. The manner in which he handles Fran’s absence ...

Is Management Accounting a Profession?

Management Accounting is an integral component of any business operation. This function is a part of the management core and cannot be replaced by any other service of the company management. The role of the management accounting and its contribution to the overall achievement of the firm’s goals has changed dramatically over the past century, but its importance and its value are beyond any doubt. Management Accounting is directly involved in the basic planning-directing and motivating-controlling cycle of running a business and through this process it adds value to any business. First managerial accounting concepts and techniques were ...

Introduction

Accounting is a major profession within the larger field of business management and administration. It deals with the recording, analysis and reporting of the financial operations business enterprises. Accountants are the professionals who analyze and prepare financial statements that serve as a useful tool for evaluating business’s success or failure. These professionals serve as the key link between a business and its decision makers. The reports they prepare are used by different stakeholders such as management, employees, stockholders, regulators and creditors. This paper presents a detailed analysis of the career path for accountants.

Career Path Options for Accountants

The field of financial accounting ...

Management Accounting – Concepts and Classification of Cost

Introduction3

Purpose of Cost Classification.3 Costs Analysis in the Selected Company4 Scope of Activities of the Company..4 The List of Costs for the First Quarter..5

Classification of the Listed Costs, Cost Allocation6

Costs Classification by Period7 Costs Classification by Behaviour.8 Costs Classification by Business Function8 Importance of Costs Classification and Costs Allocation.10 Importance of Cost Concepts for Decision-Making.10 Some Practical Aspects of Cost Concept Application11

References14

Management Accounting – Concepts and Classification of Cost Introduction One of the most important tasks of the management of any company is to get most out of its available resources, to achieve the greatest output of work. This requires information on the ...

I. Professional conduct standards in general

Evaluating whether a person has the necessary education to qualify to be an accountant;

Organizing and administering the accountant examination, Licensing people that pass the exam. Monitoring and disciplining of licensed accountants that do not comply with the rules and standards as set forth by the board.

Organize continuing educational programs for accountants under their jurisdiction.

The enforcement capabilities of the AICPA and state boards of accountancy include: The AICPA may revoke or suspend a CPA’s membership but cannot terminate their accounting license If there is a conflict in the between the codes of conduct of the AICPA and a state board of accountancy, the rules of the state boards of accountancy would supersede. This ...

Section

Introduction Definition and description of the career Finance major is an accounting degree which specializes in finance. The degree in Finance is an opening to working in financial entities and various institutions which have a finance department. The degree is a four year course involving coursework, written examinations, internship and course project/dissertation. A suitable candidate for finance major should have a way with figure and be comfortable with mathematics. Besides that, studying in this field requires an inquisitive mind, innovativeness and critical thinking. A finance major degree equips an individual with skills that can be applied in finance management, ...

Being an accountant is a great profession. It is a profession that directly involves numbers in that accountants measure the different financial figures related to disclosures, provision of assurance about financial information, and reports that help investors, managers, tax authorities, and other stakeholders make informed decisions when it comes to allocating financial resources. Accountants, just like any other professionals, are required to hold a license in order to practice. Licensed accountants are called Certified or Chartered Public Accountant. They get their license only after passing a tough licensure examination. They can work in accounting forms where they perform audits ...

New Employee Orientation

Fitting In Session As a new member of our family it is important to know exactly where are you standing, how our small society runs, why and where we are all going to. That is the way we hope a rookie gets to understand our values and general directions, thus, develops confidence in moving forward with us. We want to make sure that the process of adaptation will be as easy as possible for everyone. In order to highlight the necessity of being on a same page during this informal meeting the Southwood HR manager will discuss the following ...

QuickBooks Accounting Software

Introduction Financial management can be a daunting task, especially for a small business. It is so because even the cost of hiring financial management staff can be expensive. Intuit Inc. understands the importance of financial management and proper maintenance of financial record and it is for this reason that the company produced QuickBooks. QuickBooks is simply a set of accounting software designed to help small business in the management of the business’ inventory, sales, assets and other needs that the small business may have. The product’s main features include integrated marketing tools, product and supplies tools, merchant services ...

Homework

#1Chapter 2

Is married has belongs to is assigned to will be done by is undergoing is being reviewed can take is taken by has is a member of have several publish can publish

The figure above depicts the different types of relationships in ER diagrams.

The first one is a one-to-one relationship. We can say that one husband marries one wife. Or one wife is married by one husband. The second relationship is a one-to-many relationship. One mother can have one or more children. For the third one, the circle at the end makes it somewhat different. A web designer can be assigned to zero or more projects.

Again zero (0) indicates that none is possible, a course may or may not be undergoing review.

The fifth ...

The position of “Tax Accountant” is a new job in the organization. It was created when the company expanded and the workload increased tremendously. The position will be filled externally. Advertisement for the position will be made and any interested and qualified external candidate is free to apply. Before coming up with the position title, job analysis was carried out to identify the needs of the job. The position was new and an extensive job analysis had to be carried out. It involved several steps. The first step was identification of the purpose of the job analysis. This was ...

Appropriate Team to support Intrapreneurship Plan

The best team that I consider most appropriate for intrapreneurship idea must possess various qualities. Firstly, every member of the team needs to be committed to pursuing the goals of the plan. A good team is the one that works very hard towards the attainment of the plans. It is worth noting that such a team needs to have a motivation drive that encourages them to work hard for success (Lewis, 1998). Additionally, the team members need to be cooperative in all the activities. Each member of the team should be willing and ready to work with all the ...

Question 1

The healthcare industry is one of the most sensitive and largest industries today. Therefore, the level of professionalism and the due care is more in the health care industry as compared to the other industries. It is true that the fraud prevention or minimizing the risks of frauds can be achieved in the health care organization from top to the bottom of the organization. The professional behavior and the integrity of the top management enhance the ethical behavior of the other employees and the risk of fraud reduces automatically in the health care organization. Moreover, ...

Abstract

The purpose of the paper is to explain ethical principles, which every accountant of the organization should follow. Professional accountants throughout the world have an important role in society. The state (government), investors, creditors, employers and the general population are users of economic information, formed by professional accountants. Professional approach and behavior of professional accountants in the provision of such services affect the economic well-being of the whole country. Consequently, the accounting profession is of public concern. It imposes an obligation on professional accountants, responsible for the public interest. The duties of a professional accountant meet the needs of ...

The responsibility of the external auditor is to provide reasonable assurance on the financial statements and to make sure that the material areas of the business are following the accounting standards such as IFRS, IAS or GAAP. In the current scenario of AMC Company, the amount or valuation of the plant assets is 60% of the overall assets of the organization. Therefore, the plant assets are the material area of the business and the external auditor must increase the sampling size of plant asset account’s transactions at the planning stage of the audit. (Stuart, 2012) The treatment of ...