StudentShare solutions
Triangle menu

A Career in Accounting - Assignment Example

Nobody downloaded yet
The stockholders suffered in untold misery because the Enron executives acted maliciously in cohorts with the auditors while the swindled investors of Madoff trusted overly in the financial statements which were twisted and distorted by the accountants of the alleged fraudster. In the international landscape, the recession started in the United States of America. First, it was the banking system. Then, the credit in housing mortgages crumbled and collapsed. The auto industry followed in the imbroglio. And well, if America sneezes, the world catches cold. All those could have been avoided by proper accounting and sound auditing. Accounting as a career plays a significant role in the world order because it embodies the most useful information system in any undertaking in all jurisdictions and in every kind of business.1 While accounting focuses on financial transactions which are micro, the collection of all data under it represents the ins and outs of economics which are macro. Owing to all these dynamics, accounting will continue to lead in the professional field and accountants will remain in demand in the job market. In the United States, what has led to the need for accountants and auditors is the federally legislated Sarbanes-Oxley law which has outlined stern rules on financial statements after the notorious corporate scandals that included Enron.

2
Where the demand is
Aside from the new Sarbanes-Oxley statute repercussion, accountants continue to be in demand in the United States because of the increasing workload of the top audit firms.3
Educational and other requirements including the need for hard and soft skills
The requirements for the credentials of an accountant depend on the position that has to be filled up. Generally, the average job requires an accounting course at the bachelor level. One of the best supplements to the normal college accomplishment is a master's degree or a special certification on knowledge of accounting and auditing software. A passer of a licensure examination for Certified Public Accountants will be a great advantage. Sufficient experience will also be a big plus.4
Skills in accounting and auditing are highly checked in the pertinent applications. Among these are:
designing of internal control measures and analysis of financial information and computer programming,
budget analysis and cost estimation,
proficiency in loans examinations,
tax verifications,
collection, and
general bookkeeping.
Special skills in computer accounting programming, computer accounting software
management and design, and systems administration are likewise highly sought.
Pay range for accountants and auditors
Average annual or yearly salaries for accountants and auditors as of May, 2006, vary according to the list sourced from the same report of the Bureau of Labor Statistics cited above, thus: accounting, tax preparation, bookkeeping, and payroll services $57,020; management of companies and enterprises $55,560; local government $50,120; depository credit intermediation $49,380; and state government $47,200. In a survey conducted by the National Association of Colleges and Employers, the usual initial remuneration that is offered for bachelor degree holders is $46,700.00 annually. For those with a master's degree, it is $49,200.00 per year. Basically, these pay rates are over and above the salaries for other professionals.
Bright job outlook for the profession
As earlier discussed briefly, there have been new developments which created impact and implications in accounting and finance. These things have re-shaped trends in the accounting career and the growing demand for accountants a ...Show more
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Career in Accounting Assignment Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.net/business/286673-a-career-in-accounting
(A Career in Accounting Assignment Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.net/business/286673-a-career-in-accounting.
“A Career in Accounting Assignment Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.net/business/286673-a-career-in-accounting.
  • Cited: 0 times

Summary

The subject has so much implications and repercussions on so many current world issues. The Enron scams, the Madoff fraud and the global economic meltdown, among others, are connected to accounting particularly to auditing, a specialized branch…
A Career in Accounting
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"A Career in Accounting"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Career plan
Pickens is considered to be one of the most successful American investor, hedge fund manager, and an oil billionaire. His father was a land right (oil and gas) leaser. As a child, Pickens was involved in running a paper route with 28 deliveries, which expanded to 156 quickly.
5 pages (1250 words) Assignment
Accounting
Part I a) b) c) d) In ACTG 381, 382, and 383 my grades were _____ . I believe that I am an excellent accountant. I always comply with the generally accepted accounting principle. To me satisfying the needs of the customer is a top priority. As an accountant it is my duty to always give a maximum effort in order to complete the tasks at hand on time.
4 pages (1000 words) Assignment
Choice of Accounting as a Career
Legal & Statutory Governances & best practices are no longer restricted to a nation but are rather spread across an entire region. For example, the Audit regulations in UK are governed by "The Account and Audit (England) Regulations, 2003 & the subsequent amendments made in 2006 & the Companies Act 2006 but the laws in these regulations reflect the European Union (EU) Company Law Directives which in turn is working towards adoption of International Standards of Auditing (ISAs) issued by IAASB throughout Europe and the UK.
28 pages (7000 words) Assignment
Career plan
His father was a land right (oil and gas) leaser. As a child, Pickens was involved in running a paper route with 28 deliveries, which expanded to 156 quickly. He showed early signs of being entrepreneurial and later attributed business practices as a key to his success in
5 pages (1250 words) Assignment
Why accounting
The two things that were found interesting are as follows: (1) under ‘The getting is good portion’: that job security and pay scale significantly increases, especially for upper level managers in corporate accounting positions; and
2 pages (500 words) Assignment
Career Exploration
Once this is followed to the latter, one can rest assured of an outcome that only promise a distinctive and self –driven carrier roadmap, offering a better ground for assessing carrier possibilities; even showing out alternative carriers previously
4 pages (1000 words) Assignment
Accounting Response:
These skills include both hard and soft skills that will steer these individuals forward in the accountancy profession (Ramlall and Ramlall, 2014). However, high school students mostly overlook the soft skills, which is wrong. For the case of the accounting students,
1 pages (250 words) Assignment
Career Development
Discipline refers to working and learning as a professional that requires skills such as team management, leadership, strong oral and verbal communication, problem solving and decision making skills etc. Vocational behavior
7 pages (1750 words) Assignment
Career Wheel
By 2005, the banking industry had employed over two million salaried workers making it the largest industry in the financial services sector (Fitch). The finance
3 pages (750 words) Assignment
Forensic Accounting
The accountants also provide litigation support programs and delver behind the numbers to detect complicated crimes such as securities fraud, money laundering,
1 pages (250 words) Assignment
Comments (0)
Click to create a comment
Let us find you another Assignment on topic A Career in Accounting for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us