ACCOUNTANT
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...ACCOUNTANT While we usually regard the medical field as being one of the most difficult in which to maintain standards of conduct and practice, the reality is that principles of high conduct and professionalism can be and should be maintained by all workers, no matter what sphere of activity they belong to. The case of James Alderson, an accountant who blew the whistle on the hospital that he worked in, is a wonderful example of a man who knew the odds and yet was determined to do what was right. The principle of accurate and correct disclosure was being violated at the hospital, where the managers asked for two separate sets of accounts... to be made with regards to expenses incurred. One...
Tax Accountant
2 pages (500 words) , Download 1 , Essay
...Accountant Tax Accountant It is often said that opting a career after education is a matter of apprehension. In modern world we observe that taxation is one of the main areas of business concern regardless of the nature of firm or department. Consequently, this opens substantial range of careers in the field. Especially, pursuing the career of tax accountant is an appreciable task as it ensures the overall development of the individual. It also prepares one to retain capabilities required to bear out the maximum benefit of opportunities. Although the job of tax accountant... Tax...
Professional Accountant
10 pages (2500 words) , Essay
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...Accounting Professional Accountant Assignment Part There have been several trends and changes in corporate governance in the UK since the Cadbury Report was released in 1992. This has been influenced by many reports including the Hampel Report, and the Greenbury report which sought to create a combined code for the directing and control of businesses in the UK. These codes have evolved to what is known today as the UK Corporate Governance Code, the latest of which was released in 2010. The UK Corporate Governance Code 2010 sets principles out the principles of ideal and best practices in corporate governance. The UK Corporate Governance Code of 2010 is required by the Financial... ? BSc Finance and...
The Neo Accountant
10 pages (2500 words) , Essay
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...accounting practices given the rapid pace of change in the global business world. The accountant of today must not only know how to deal with organizational change, but should also possess skills other than those that were traditionally considered a part and parcel of the accounting profession. The Neo Accountant There is mounting evidence that any form of organizational or management change, e.g. the deployment of digital technologies, affects the economics of operational and managerial processes and also activates wide-ranging social and organizational effects (Bhimani). A. Hopwood has correctly stated: "Accountants and other members... This paper describes and discusses the changing face of...
Analyzing an accountant system
8 pages (2000 words) , Essay
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...accountant system of the Number Number Seminar Day and Time Answer As is evident from the income ment, it can be seen that MTS’s revenue has increased to a certain extent from $260,034 in 2011 to $360,547 in 2012. However, considering the proportions at which the expenses increased from 2011 to 2012, the revenue stream is not enough to cover up for the expenses. This is evident from the net loss generated by the company in both the financial year. For a startup business like, Masquerade Theatre Supplies (MTS), it is excessively leveraged where part of its operations are being financed from a loan obtained on behalf of a mortgage and other part is being financed from a personal... that the...
The Professional Accountant Assignment
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...Accountant Assignment The old structure The old structure was different from the UK corporate governance standards in a number of ways. To begin with, it was very clear and very evident that the structure of the cooperative governance did not have enough non-executive directors. In the UK cooperative governance standards, any cooperation is required to have at least three non executive directors. The cooperative failed to have enough numbers with regard to the non executive members of the boards. The original structure of governance had too many directors but failed in that it did not have enough independent directors. In this case, the definition of the independent directors may... The Professional...
The professional accountant
5 pages (1250 words) , Download 1 , Essay
...Accountant: The Roles of al Investors of ACM Shipping Group, Plc. February 2013 Executive Summary This essay takes into view the role of institutional investors in the financial market, particularly in the company they are investing in. For this topic, I chose ACM Shipping Group, PLC since it is a large company that has worldwide operations. Necessarily, the company also needs large capital to fund its numerous investments. ACM is a publicly registered company in UK that started operations in 1982. At present, the company has eight major institutional investors that hold a large share in the company. It is noted that the company follows faithfully the Code of Governance... ?Essay Topic: Professional...
Professional Accountant assignment
9 pages (2250 words) , Download 2 , Essay
...accountant Assignment Part a) Comparison of the UK approach to governance with the US approach United s corporations abide by a rules-based approach to corporate governance. Most of them rely on the Sarbanes Oxley Act of 2002. This law was passed in order to restore public confidence in corporations after their failure to exhibit prudent judgement (International Corporate Governance Network, 2009). The method is highly structured, punitive and paternal. The intention of the Act is to ascertain that the process of financial reporting is done effectively. It also seeks to reorient accountants back to ethical ways. Furthermore, the approach focuses on maintaining corporate governance... ?Professional...
Ethical guidelines of an accountant
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...Accountant 07 May Introduction Todays business environment has become exceedingly complex. The globalization of most industries means new standards of financial reporting have to be followed by the firms. In many instances, new standards had indeed been adopted by accounting bodies eager to be of help in contributing to the promotion of the interest of various stakeholders such as varied investors, government regulatory bodies and the employees who also have a stake. Because of their confusing and complex nature, one has to be a detective of sorts to be able to sort out all the information contained in financial statements (Brigham & Houston 113). Analysis... of these statements require a...
Ethics of a management accountant
3 pages (750 words) , Essay
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...Accountant Introduction Financial management practitioners have a certain responsibility for the organizations they serve, the populace and their professionalism in order to maintain a high standard code of conduct. The Institute of Managements Accountants (IMA) has formulated professional practices that act as guidelines for the financial management practitioners including confidentiality, competence, integrity and credibility. The institute of Management Accountants ethical conducts for the practitioners of financial management and management accounting play an important role so as to ensure that the practitioners meet certain ethical and educational requirements. This paper... Ethics of Management...
Business Plan for the Sorcerer's Accountant
20 pages (5000 words) , Speech or Presentation
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...Accountant Contents Contents 2 Company Profile 4 Objectives 4 Mission 5 Keys to Success 5 Services 6 Tax Services:6 Management/Cost Accounting Services: 6 QuickBooks Services 6 Market Analysis Summary 8 Market Segmentation 8 Target Market Segment Strategy 9 Service Business Analysis 10 Competition and Buying Patterns 10 Web Plan Strategy 11 Website Marketing Strategy 11 Development Requirements 12 Strategy and Implementation Summary 12 Competitive Edge 13 Marketing Strategy 13 Sales Strategy 14 Management Summary 15 Financial Plan 19 Important Assumptions 20 Business Ratios 22 ‘Business Plan – Roadmap to success’, 2008, retrieved on May 8, 2011, from http... ...
Presentation about your role as an Accountant
4 pages (1000 words) , Speech or Presentation
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...Accountant I would like to thank everybody for the privilege of giving you an insight of one of the most rewarding career there is which is the field of Accountancy. Not so long ago, I was also one of you attentively listening to what career path I should take and this kind of event helped me decide to become what I am now, an Accountant. Let me share to you the intricate and sometimes controversial world of Accountancy. I mentioned intricate because in a corporate environment, the Accountant is the person responsible for handling and determining the financial position of a company; whether it is earning or losing or just breaking even. Controversial, because I am sure... Presentation on My Role as an...
Mandatory External Rotation of Accountant Offices
7 pages (1750 words) , Essay
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...Accountant Offices of Mandatory External Rotation of Accountant Offices 1.0 Introduction In the aftermath of When European financial crisis was over the European commission issued the Green paper as the aftermath of the crisis in order to analyze what happened and how to avoid the same kind of problems in future. The Green paper had to demonstrate that European leaders embarked on an audit policy aimed at developing a well ordered relationship between a client and its auditors. The European Commission was in favor of mandatory firm rotation and mandatory rotation of audit partners. The aim of these new audit policies was to resolve the financial crisis on a dynamic... ? Mandatory External Rotation of...
Assistant Accountant at Mefic Capital company
20 pages (5000 words) , Assignment
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...Accountant Background: In your Final Report you will be required to critically analyse, evaluate, and make recommendations on a chosen topic or issue from your discipline perspective,that could be applied to your role, your CPO or industry sector. This topic should further develop... ? Co-operative Education Topic Approval Form Learning Goal 3.3: Developing your skills as a critical enquirer and problem solver This should be submitted by email and signed off by your Academic Supervisor by Friday 20 December at 9am (your local time) Student Name: Saleem Alanazi Student ID#: 0827451 Academic Supervisor Dr. Olga Dodd BBus Major(s): Finance Coop Placement Organisation: MEFIC Capital Coop Role: Assistant...
The Internal Auditor, Management, and the Forensic Accountant
7 pages (1750 words) , Download 1 , Essay
...Accountant ID 19714 Order No. 265724 08 January 2009 Acknowledgements Table of Contents: Introduction: In the modern era of Globalization, businesses are facing stringent competition with a constant risk of loosing customers & market shares if their strategic management do not take timely proactive measures to align with the market dynamics and get the best out... on a fly and also evolve long term effective preventive actions. Moreover, if data integration is carried out effectively by applying effective integrated frameworks like Balanced Score cards and using corporate governance tools like Business Activity Monitoring or Business Performance Monitoring,...
Acounting information System(AIS) research for Certified Management Accountant(CMA)
4 pages (1000 words) , Research Paper
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...Accounting Certification in United s The United s Accountancy career is one of the toughest and a competitive career for students aspiring to be professional accountants. The public accountants work for businesses and individuals by providing quality accounting services such as preparation of tax return documents, preparation and auditing of financial statements (TSBPA, 2014). In this regard, accountants are also able to interpret financial records on behalf of their clients for investment, compensation packages for employees, and individual’s medical plans. However, for an individual to...
Management accountant
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...Accounting Principles (GAAP) it is essential that a firm uses absorption costing to record the value of inventory in the books of accounts (Accounting Tools, 2014). The main components of this type of costing methods are: 1. Direct materials that are included in the finished product... Overhead Absorption and Activity Based Costing Systems Table of Contents Table of Contents 2 Overhead Absorption costing 3 Calculation of overhead absorption costing 4 Calculation of ABC 5 Analysis of results 8 ABC statement analysis: Justified or not 9 Reference list 12 Overhead Absorption costing In an industry in order to produce the final output, large numbers of expenses are incurred. The cost of production not only in...
How to be a good accountant in the future.?
12 pages (3000 words) , Essay
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...accountant in the future How to be a good accountant in the future Aim This research aims at discussing the reasons why many organizations suffer scandalous deals and why they associate the deals with accountants in the organizations. Objective To analyze the factors that contributes to a quality accounting job. To assess critically the working environments under which professional accountants work and why many organizations are faced with scandalous situations associated with accounting. To investigate and come up with clear responses of professional accountants, in various work settings. Background Recently, many things have developed relating to bookkeepers and their job. Many... ? How to be a good...
How to be a good accountant in the future.?
12 pages (3000 words) , Essay
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...accountant in the future How to be a good accountant in the future Aim This research aims at discussing the reasons why many organizations suffer scandalous deals and why they associate the deals with accountants in the organizations. Objective To analyze the factors that contributes to a quality accounting job. To assess critically the working environments under which professional accountants work and why many organizations are faced with scandalous situations associated with accounting. To investigate and come up with clear responses of professional accountants, in various work settings. Background Recently, many things have developed relating to bookkeepers and their job. Many... How to be a good...
Qualifications to become an accountant in the UK
10 pages (2500 words) , Case Study
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...Accountants are necessary in almost all types of businesses in the UK. These may multinational ones or smaller ones that only focus on aparticular region. Graduates have the option of joining a specialised accountancy firm or working for a general organisation in need of accounting services. The accounting sector has revolutionised from what it was some decades ago. With the introduction of the internet and the popularisation of e-commerce, there is a need to incorporate some versatility in this profession. Gone are the days when accounting was thought to be something that involved numbers only. These days, accountants are required to be more analytical than technical. (British Expats... Introduction...
What roles does the accountant play in business of present economy?
5 pages (1250 words) , Research Paper
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...Accountant in Business of the Present Economy Quite frankly, an organization without an accountant is but an organization that lacks the very seriousness required to deal with the 21st century challenges; for an accountant is the financial “gatekeeper” of a business enterprise, underlining the commitment to sound financial principles in pursuit of the core business objectives. To be sure, accounting is just but the “language of business” (“Accounting” par 1). More than any other time in the history of accounting, the very accountability function has never been more relevant that it is in the current times with heightened business complexity underlining the very importance of sound... Due The Role of an...
Accountant in business
7 pages (1750 words) , Essay
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...accounts, the other can take care of the staff issues and the third partner can arrange and organize meetings with consultants as well administer training and education in the field of dentistry. This kind of business is most suitable because if they require taking loan, the risk will be shared among them (Willis, 2013). Conclusion As corporations are a large... Business Organizations Business Organizations Organization An organization is a system where the owner of the company, along with the management and employees perform business activities in coordination with each other. In some cases, organizations are also referred to as social entities that that are goal oriented, structured and planned through ...
The analysis by Steel Tube division of Engineering Products Plc accountant
7 pages (1750 words) , Download 1 , Assignment
...accountant and the additional information obtained from other sources has added to his woes. The analysis done by the accountant has been revisited in this report taking into account all additional information available and using discounted cash flow technique. However, the Net Present Value of the project was still found to be unfavourable. Thereafter, all the information was deeply investigated and certain pieces of information were found to be irrelevant or unfair for taking the investment decision. After eliminating... Executive Summary Roger Davis is a financial analyst for a division in a company. He is having a tough time convincing the management for a project proposal. The analysis by his...
Accountant in Business
8 pages (2000 words) , Coursework
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...account for nearly 80% of food shopping in the UK as indicated by Mintel (2014). For a new entry to gain a competitive advantage, it has to sell its products at a relatively low price so that it can establish its market values. Another barrier to new entrants in the food retail market is the time and resources needed to acquire a planning authorization from the government and establishment of a supermarket. c... Introduction The research paper is aimed at critically analyzing the internal and external environment of Tesco Plc as a food retailer. The strategictools that will be used for the evaluation of the company would include the SWOT analysis which will cover the current situation of the company in...
How do you contribute to the effective governance of an organisation in your role of a management accountant
6 pages (1500 words) , Essay
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...Accountant Contributes to an Effective Governance Q Describe howin your role you have contributed toward effective governance The large amount of money involved in big companies increases corrupt activities within the business practices. Since the board of directors and executives of a corporation are among the individuals who are behind the practice and development of a corrupt culture, the European corporate law behind the UK model of companies are focused on investigating shareholders and board of directors (Dine, 2008). Corporate governance is actually a system of authoritative direction or government which includes the specific role and responsibilities of the owners... Strategic Ways in which an...
Accountant in Business
3 pages (750 words) , Coursework
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...accounts. Easy to set-up – The sole proprietorship is the easiest to form among the business organizations. This is because it requires few legal formalities that an individual can do without difficulties. Disadvantages of a sole proprietorship Unlimited liability – This is always a major problem in sole proprietorship since the owner will always be responsible for all the losses. If the business is unsuccessful, the owner will always to cut the costs by his or her personal assets. Limited capital – At the start of a sole proprietorship, the source of money is always personal besides the amount you borrow. Unfortunately, the amount of money available may be limited to run the business... Forms of...
Rodney has worked for Greengrass Ltd, a firm of seed wholesalers, as the company accountant, for fourteen years. On a recent au
8 pages (2000 words) , Essay
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...accountant in the firm for fourteen years. During an audit it was discovered that the Green grass ltd. accounts held a variance of ?15,000. Rodney was considered responsible for the misdemeanor based on his history of conviction for dishonesty 20 years prior; and summarily dismissed by the CEO of the firm after calling him into the office. Although convicted for dishonesty 20 years earlier, yet he had a clean and honest record at Green Grass Ltd during the 14 years of employment. Still before being dismissed no in depth investigation... ? UNFAIR DISCRIMINATION EMPLOYMENT LAW [Pick the HP Introduction Rodney had been working for a seed wholesaler firm called the Green grass Ltd. Rodney held the post of...
Compare and contrast the key features of public and private sector organisations and explain how these might impact on the role of the accountant working within either sector.
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...ACCOUNTING PRACTICES BY PRESENTED Public vs. Private Sector and Accounting Practices IntroductionAccounting is the backbone of any organisation. Through accounting, an organisation is able to ensure good record keeping, a good platform to base all judgments and decisions affecting the business, discovering fraud and protecting it, acts as a security to get both short term and long term loans, is a basis through which investors judge the reputation of a company to invest in, and provides the strategic goals and dimensions of the company in line with its vision, mission and objectives. Accounting is not only a way to portray the financial performance of a company... of stakeholders are...
You are an accountant in a medium-sized manufacturing company
1 pages (250 words) , Research Paper
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...accounts at the time the expenses get incurred. They get recorded when the accounting period ends so as to make an allocation on the expenditure and income at the exact time of occurrence. Adjusting entries are into four distinct classes according to the work of Gilbertson & Lehman (2009). The types include prepayments which are necessary to account for received cash prior to delivery of goods and in case of a service, at the completion of the service... & Duchac, 2012). This would be necessary since the computer system only understands systemic information. Some of the ethical issues arising from these manufacturing entries as seen in the studies of Gilbertson & Lehman (2009) include...
As chief accountant of Curtis you are required to write a report to the Chairman.
9 pages (2250 words) , Essay
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...accounting and legislative standards which requires the foreign currency balances of assets and liabilities appearing in the balance sheet, to be revalued at the closing spot rate. These assets are of the time which is not going to be liquated in the near future. Translation risk, which is also termed as the accounting risk, is basically the related measure of variability. [Grant, K. & Marshall, A. P., 1997] Exchange rate can be defined as the relative price of one currency in terms of other. The exchange rate plays a very significant role... ?(a) In order to analyze the market potential of Curtis Plc operating a gift business in UK, it is of prime importance that the retail market of UK is evaluated....
You are working as a graduate accountant at the firm of Balsa and Wood Accountants. Your partner has come to you with the following information and has asked you to prepare advice addressing the following scenario.
11 pages (2750 words) , Assignment
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...Part A a. The important facts at hand to consider are: Jonathan’s age is 57 years old; his superannuation fund balance is $700,000; that amount is made of the following components: $140,000 voluntary after-tax contribution of Jonathan and $560,000 employer contributions and fund earnings. The Superannuation Industry (Supervision) Regulations 1994 – Schedule 1 provides for the conditions of release of the superannuation funds under Part I, sections 101 to 114 thereof, namely: retirement; death; terminal medical condition; permanent incapacity; former temporary resident under certain conditions; payment to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members...
Reasearch paper about accounting and why it interest me
2 pages (500 words) , Essay
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...Accounting: The specific duties and responsibilities in the job of accounting are primarily to conduct the financial reports’ analysis. An accountant may occasionally experience pressure from the management for any lost data. In other cases, when a discrepancy is found between the real sales and the records maintained by the accountant, the accountant is taken to task if he can not make a rational explanation for the difference. In order to be successful as an accountant, an individual needs to be present minded, agile and active, and watchful of the ongoing activities. The accountant should be perfectly skilled in the use of computer, MS Office and accounting softwares. Accountants should... ? 25 May...
Reasearch paper about accounting and why it interest me
2 pages (500 words) , Essay
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...Accounting: The specific duties and responsibilities in the job of accountingare primarily to conduct the financial reports’ analysis. An accountant may occasionally experience pressure from the management for any lost data. In other cases, when a discrepancy is found between the real sales and the records maintained by the accountant, the accountant is taken to task if he can not make a rational explanation for the difference. In order to be successful as an accountant, an individual needs to be present minded, agile and active, and watchful of the ongoing activities. The accountant should be perfectly skilled in the use of computer, MS Office and accounting softwares. Accountants should... 25 May...
Portfolio Project Part 5
4 pages (1000 words) , Essay
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...Accountant Job Portfolio Project Part 5: Accountant Job The job of accountant involves performing of accounting tasks for organization, companies, or an individual. Exact materials handled by accountants usually vary depending on size of the organization and the specification of a particular accountant (Bragg and Roehl-Anderson, 2011). However, all accountants have specific or general responsibilities and financial records that they usually handle. Accountancy is a vital position within an organization regardless of the size or the nature of the organization. However, the requirements and specification of this job usually vary on specification and nation (ACCA…, 2007... ? Portfolio Project Part 5:...
Differences between working in public accounting versus private/corporate accounting
4 pages (1000 words) , Essay
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...accounting versus private accounting Accounting is the art of bookkeeping that involves recording and analyzing financial statements, auditing and presentation of financial information for management. Therefore, public accounting refers to the practice of public accountants to provide financial audits, financial advisory services, designing financial systems, and tax preparation to individuals, partnerships, or even corporations. The operations of public accountants are stipulated by state law and must meet the set codes. On the other hand, private accounting refers to the act of a salaried individual accountant being employed by a specific firm to handle its accounting functions (Warren 6... Public...
Resume
1 pages (250 words) , Essay
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...Accountant Internship in Brokerage Firm I have had an internship in Brokeragecompany for four months as an investment accountant as from 1st April to 31st July 2013. As an investment accountant in the firm, I was able to manage portfolio accounts and log the business activities in the appropriate ledger accounts. I was also able to record, keep monitoring and present report on transactions associated with a particular custodian of firm’s accounts and keep accurate reports on all portfolio activity. Through the internship I have gained sufficient experience in the development and utilization of specific methodologies and practices to manage investment accounts, stock... Insert Working Experience as...
Using Teams in Production and Operations Management
5 pages (1250 words) , Essay
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...Accountants Forensic accountants refer to persons who are engaged to audit, account and investigate fraud in the financial documents of a company. They have a duty to ascertain any cases of corruption in a company and to give the way forward. Though mostly involved with the duties dealing with finances, forensic accountants are also hired to deal with cases of divorce, bankruptcy or insurance. 1) Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. A fundamental accountant should be conversant... Forensic...
Management Accounting Assignment!! Help me!!
3 pages (750 words) , Essay
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...accountant prepares and keeps accounting information for a sound basis for financial and economic decisions of management. 2. Analyzing, for a Sony production superintendent, the impact on costs of purchasing some new assembly equipment. Attention directing – the accountant analyzes transactions to direct management attention on possible implication of certain decisions. 3. Preparing a scrap report for the finishing department of a Toyota parts factory. Scorekeeping – the accountant prepares... 1-A1. Scorekeeping, Attention Directing, and Problem Solving Preparing a schedule for depreciation for forklift trucks in the receiving departmentof a General Electric factory in Scotland. Scorekeeping – the accoun...
Ethical issue
3 pages (750 words) , Essay
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...accountant to write a receipt of $500 that the supervisor claims he spent entertaining a client the previous night. Moments later, the supervisor’s girlfriend comes to pick the supervisor for lunch and the accountant overhears her telling the receptionist that they had a good time last night with the supervisor drinking and making merry in a club. If the supervisor lied that he had used his money entertaining a client when in the actual sense he is conning the company, the accountant would be faced with an ethical issue. The two sides of the ethical issue facing this accountant are either to report him to the company’s authorities... Ethical issue The Issue A supervisor approaches and requests an...
The accounting Profession
2 pages (500 words) , Download 1 , Assignment
...Accounting Profession of your company PENTAIR, INC. 2. of your company’s auditor Deloitte & Touche LLP. 3. Size of the accounting firm a. Where is the home of your auditor? Minneapolis, Minnesota. b. How many employees does the accounting firm have? 182,000 as at September 2011. c. Indicate whether this is the number of U.S. employees, employees worldwide, or whether this cannot be determined. Worldwide employees. d. What is the annual revenue for the accounting firm that audited your corporation? $28.8 billion USD for the 2011 financial year. e. What services does your accounting firm offer besides...
Portfolio Project Part 6
4 pages (1000 words) , Assignment
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...accountant is evaluated using the (BARS) behaviorally anchored rating scales. This method is effective since it combines traditional rating scales and critical incident methods. It is significant to note that job behaviors derived from critical incidents are described more objectively (Gilmore & Shonhiwa, 2008). In order to measure the performance of an accountant, it is significant to use the critical incident and BARS methods. A combination... of these methods would sufficiently measure the performance of an accountant in the company. A performance management should be able to give employees unbiased, constructive feedback on their performance. In order to ensure success of...
Research Paper on Ethical Dilemma
4 pages (1000 words) , Research Paper
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...Accountancy is a profession, which entails a strong commandment over the ethical code involved with the accountancy. To achieve the qualification of either of both, a Certified Management Accountant (CMA) and a Certified Public Accountant (CPA), one needs at least a bachelor’s degree with full knowledge of accountancy and business courses. This knowledge equips a candidate to clear the CMA or CPA exams, which in turn is provides the successful candidate with the proper qualification and license that they need for to begin practice. In terms of training, people with work experience, or exposure gained through a Master’s... Running Head: Ethical Dilemma Ethical Dilemma [Institute’s Ethical Dilemma...
Case analysis
3 pages (750 words) , Essay
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...Accounting Dilemma College Accounting Dilemma Effect of Transaction (Original Way) If the transaction is recorded original way, then the wage expense will be recognized in current period and a corresponding amount will be recognized as liability in balance sheet. The entry will be as following DR Wage Expense CR Wage Payable This is in accordance with accrual concept that requires expenses to be recorded in the period to which they relate regardless of whether they are paid or not (Accrual Concept, 2014). Wage expense will be debited in income statement of current period and wage payable will be shown as liability in the balance sheet for the current period. Effect of Transaction... ...
Forensic Accountants: Fraud Busters
6 pages (1500 words) , Case Study
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...Accountants as Fraud Buggers Forensic Accountants as Fraud Buggers Introduction A forensic accountant is a significant individual who applies techniques and concepts in accounting within legal problems related to accounting. This paper presents analytical analysis of the skills that a forensic accountant needs to posses for effectiveness in meeting the obligations of this profession. The paper also elaborates on the roles that a forensic accountant is mandated to play in courtroom proceedings involving accounting cases such as fraud and embezzlement of resources. Furthermore, this paper gives a description of the legal responsibilities of forensic accountants within business organizations... Forensic...
Resume Application Letter
1 pages (250 words) , Assignment
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...ACCOUNTANT How exciting it is to find thatyou have a job opening for the position of a staff accountant. Most significant is the realization that the position requires experience in the area of general ledger and accurate financial reports maintenance, areas in which I have been working for the last two years of my internship. I have a degree in accounting and have been certified under the requirements of GPA as an accountant. I have vast experience in clerical and accounting tasks, which are required for this position. Considering my final project for the award of degree in accounting, various... Maryland - Indusco Sales Co., Inc. Baltimore. Dear Hiring Manager, APPLICATION FOR THE POSITION OF A STAFF...
Management Accounting
4 pages (1000 words) , Essay
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...Accounting Introduction Management accounting is a branch of accounting which mainly deals with various managerial aspects. This is primarily handled by the managers within the organization, and it is an essential component in taking appropriate decisions. The concept of management accounting comes under the Management accountant who is responsible for the preparation of financial statements, and management accounting report for appropriate decision making. Management accounting determines the success or failure of an organization. Moreover, it is very essential in the appropriate decision making. The main aim of a management accounting report is to provide logical information about... Management...
ETHICS and GOVERNANCE Kickbacks Question in textbook Chapter 2 page 61
6 pages (1500 words) , Essay
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...accounting and improper use of company funds and assets. The code of conduct also... Ethics and Governance “Kickbacks” Executive summary For any organization, its commitment to the highest standards of ethics helps it in earning the continued confidence of many groups of people. A good standard of ethics creates confidence in customers, employees, investors, vendors and the surrounding communities. The organization’s Business Conduct and Ethics weaves that commitment into standards, principles and responsibilities that help them in guiding their behavior and decision making. This code of conduct highly prohibits unethical behavior such as kickbacks, conflicts of interest, fraud, bribery, improper...
Forensic Accountants as Fraud Buggers
6 pages (1500 words) , Case Study
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...Accountants as Fraud Buggers Forensic Accountants as Fraud Buggers Introduction A forensic accountant is a significant individual who applies techniques and concepts in accounting within legal problems related to accounting. This paper presents analytical analysis of the skills that a forensic accountant needs to posses for effectiveness in meeting the obligations of this profession. The paper also elaborates on the roles that a forensic accountant is mandated to play in courtroom proceedings involving accounting cases such as fraud and embezzlement of resources. Furthermore, this paper gives a description of the legal responsibilities of forensic accountants within business organizations... ? Forensic...
Cover letter
1 pages (250 words) , Download 1 , Essay
...accounting and my desire to become a professional accountant. The Rhetorical Analysis is my second best assignment. It provides me with a clear understanding of audience and proper presentation of a writer’s work is important to th... understanding of his literature. The assignment of Discipline Investigation is my best work as it covers all the areas that I need to be a successful accountant. It uses a realistic approach especially, with the interview that I did with Mr. John. From the interview, I got the first hand experience of what it entails t be an accountant and provides me with a clear blue print of how to go about it. I regard this paper as my...
Forensic Accounting in Practice
6 pages (1500 words) , Research Paper
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...Accounting in Practice Introduction Forensic accounting can be generally described as a wide range of investigative works that are performed by various forensic accountants. The roles of forensic accounting basically involve conducting the analysis of the financial stability of an organization and dealing with the fraudulent activities that occur within an organization. The notion of forensic accounting not only refers to the analysis of the financial affairs, but also acts as active evidence in addressing along with mitigating certain fraudulent activity. In this context, the analysis of the financial affairs denotes certain practical measures that are required to be adopted... by the...
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