Accountants
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...Accountants in today's organizations have manifold roles to perform. With the advent of software programs for accounts preparation, accountants no longer only deal with finalizing of accounts or preparation of tax returns. There roles have evolved from reporters to those of finance and investment planners and advisors. The job opportunities for accountants in all types of public and private sector organizations continue to grow. Accountants are strategic providers of financial information on the basis of which decisions are taken. However at present they not only are the providers of...
Accountants and Management Accountants
8 pages (2000 words) , Download 1 , Essay
...Accountants and Management Accountants By Presented to Location Due Accountants And ManagementAccountants Accounting is a continuous process in all business entities. It is applied in every operation within an entity or organisation so as to determine its progress in relation to its making profit. This should be done at the end of each period as determined by the entity. There is a cost incurred whenever an item is sold. This cost is however, hard to estimate when parts of the inventories were purchased at different prices (Roychowdhury 2004). This calls for adoption of an inventory accounting method so as...
Financial Accountants vs Managerial Accountants
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...Accountants vs Managerial Accountants What are the differences between financial and managerial accounting? The two primary objectives ofa business are to earn a profit and to remain solvent. Solvency of a firm represents the potential of the firm to finance its debt and pay the bills. Financial accounting can be stated as the reporting of the position of the financial position of the firm as well as the performance through financial statements across time. Management accounting can be defined as the provision as well as use of accounting information to the managers which will provide them a basis to take the appropriate decisions of business and allow them to get equipped with control... ? Financial...
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...
Forensic Accountants: Fraud Busters
8 pages (2000 words) , Research Paper
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...accountant needs to possess To better answer the question about the five skills that a forensic accountant needs to posses, it would necessitate to understand what a forensic accountant do to put the answer in proper perspective. Unlike the regular accountants and auditors, forensic accountants are typically tasked to uncover fraud and provide expert opinion to help the trier of facts evaluate the financial information available or presented to him or her. The investigation and dispensation of expert opinion is required because fraud, as a form of deception, which forensic accounting is uncovering, will deliberately conceals or mislead for gainful benefit (Institute... ? I. Five Skills that a forensic...
INTRODUCTION TO LAW FOR ACCOUNTANTS
3 pages (750 words) , Case Study
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...ACCOUNTANTS College: Introduction to Law for Accountants The accounting discipline has become one of the widely used disciplines in recent times globally. Accountants are adequately equipped with knowledge in management accounting, financial accounting among others. At the operational levels, the enactment of law into accounting provides an effective tool to support an effective implementation of strategies. Legal Knowledge has hence become an essential element in accounting (Bromwich and Hopwood, 1992, p. 15). The law for accountants entails different laws such as, the law of tort, the employment law, company law, corporate governance law among other laws. In reference... INTRODUCTION TO LAW FOR...
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...
Recruiting and retaining women accountants
12 pages (3000 words) , Essay
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...accounting and advisory company with offices in Denver, Houston, Dallas, Southern California and Phoenix. Hein & Associates LLP has chosen close work with clients and at the same time independence and objectivity as its mission statement. In spite of the fact that the firm has been performing successfully in the recent years... Research Proposal: Recruiting, Retaining, and Promoting Women in CPA Industry Introduction and Background This part of the research proposal provides an introduction and general background information on the stated problems. But first a short description of my company is given. The company I work for is Hein & Associates LLP, Human Resources department. It is a full-service account...
Future of Forensic Accounting and Accountants
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...ACCOUNTING AND ACCOUNTANTS Future of Forensic Accounting and Accountants Name] [Date] Future of Forensic Accounting and Accountants Forensic accounting has emerged as one of the fastest growing branch of accounting profession. Fueled by events in previous recessions of 1980s, 1990s and early 2000 cases being registered with the US courts have quadrupled and some of which are still pending in courts. Courts have engaged forensic accountants to investigate and gather evidence which would help to decide the extent of crime and formulate penalties accordingly. Businesses on the other hand to avoid colossal damages manage forensic accountants on their payroll to prevent... Running Head: FUTURE OF FORENSIC...
The American Institute of Certified Public Accountants
3 pages (750 words) , Research Paper
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...Accountants (AICPA) March 20, The American Institute ofCertified Public Accountants (AICPA) is a professional organization. The research delves on the role AICPA. The research delves on the public’s benefitting from the AICPA’s financial report-related role. The AICPA ensures the different sectors of the public understand and trust the corporate financial reports. What it is the American Institute of Certified Public Accountants The American Institute of Certified Public Accountants organization is the group of individuals who register as members of the organization (Duska, 2011). Only Certified Public Accountants are allowed membership in the group... American Institute of Certified Public...
American Institute of Certified Public Accountants
3 pages (750 words) , Essay
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...Accountants (AICPA) AICPA is the world’s largest association of people practicing the accounting profession. Having served the interests of the public since 1887, it has grown and diversified its presence in various fields such as public practice, business and the industry, education, consultation services and the government. Due to this, the mandate of the association is divided into several functions. These are; to set the ethical standards in the accounting profession and to develop and administer the Uniform CPA examination. Additionally, it sets auditing standards for the federal, local and state governments, private companies and non-profit... organizations. To become a certified public...
The driving forces in the changing role of accountants
20 pages (5000 words) , Literature review
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...accountants Introduction The major turbulances on the international level for the ensuing decade are forecasted to be of vast changes in regional power and wealth, occurrence of severe economic insecurity and prevalence of widespread political turmoil in major regions around the globe. At the same juncture, the business segment is witnessing an impact due to the mixture of globalisation, high incidence of market volatility and transformational innovation. The effect of these challenges is further vitiated by fast development and advances in science and technology, disruptive new business models and shifts in business-oriented demographics.In... 7 March The driving forces in the changing role of...
KL Accountants Business Need for E-Marketing Strategy
12 pages (3000 words) , Essay
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...Accountants Business Need for E-Marketing Strategy 4 New Business Idea for KL Accountants Business 5 E-Marketing Tools for KL Accountants Business 6 KL Accountants Strategy Development Lifecycle 6 Stage # 1: Online Research 7 Stage # 2: Data Analysis 7 Stage # 3: Strategy Development 7 Stage # 4: Monitoring Performance 8 KL Accountants Business E-Marketing Strategies 8 KL Accountants Business E-Marketing Strategy 9 Step 1: Formulating Business Services 10 Step 2: Developing Business Website (KLAccountants.co.uk) 11 Step 3: Developing... ? (UGB321) Individual Paper REGISTRATION NUMBER MODULE LEADER: ALAN CHARLESWORTH Table of Contents Table of Contents 2 Introduction 3 Basic Idea of E-Marketing 3 KL...
The changing role of Management Accountants at Tesco plc
10 pages (2500 words) , Download 1 , Essay
...Accountants 3 Traditional Roles of Management Accountants 4 Contemporary Roles of Management Accountants 5 Improved Decision Support System for Tesco by Management Accountants 8 Benchmarking 8 Value Addition 8 Performance Management 9 Strategic Analysis 9 Assessment of the Competitive Position of Tesco 10 Challenges of Implementing a Business Partner Model at Tesco 10 Conclusion 12 References 13 Appendices 16 EXECUTIVE SUMMARY Below is report about Tesco Plc. The report is aimed at analyzing the changing role of management accountants in the 21st century. The report will examine how the contemporary roles contrast... Table of Contents EXECUTIVE SUMMARY 2 Introduction 3 The Changing Roles of Management...
Critically appraise the changing role(s) of management accountants.
6 pages (1500 words) , Download 1 , Essay
...Accountant Introduction Management accountant and the system of management accounting had a core importance in working and operations of the corporates. Over the years they have been fulfilling their traditional on job requirements like counting, comparing, recording and reporting financial information. The role of management accountants specifically concentrates in the two areas that are supporting management decision making and monitoring and control however it is being discussed in the literature and research relating to the corporates that management accountants would be required more than just their traditional roles (Gudrun, John, Hanne, & Robert, 2010... ). It is obvious that as over...
MANAGEMENT ACCOUNTING AND FINANCIAL MANAGEMENT 'The role of Management Accountants at Tesco Plc'
10 pages (2500 words) , Essay
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...Accounting and Financial Management The Role of Management Accountants at Tesco Plc Executive Summary The objective of this study was to assess the importance of management accountants in the current scenario of organizational behavioral performances. In accordance, the example of Tesco Plc was considered in order to obtain a critical understanding of the roles played by management accountants today and its implications in maintaining organizational sustainability in the 21st century context. A varied range of secondary sources were used in this study, which helped identifying the diversified roles and the complexities associated with the responsibilities of management accountants... in a...
Define Accounting and Bookkeeping and compare and contrast the role of Professional Accountants and Bookkeepers.
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...Accounting Define Accounting and Bookkeeping and compare and contrast the role of Professional Accountants and Bookkeepers. IntroductionOne can track the birth of accountancy from the earlier days of human. The urge to maintain records came up when there was a need for maintaining the records of values of the agricultural products along with their quantities. Luca Pocioli was regarded as the father of accounting. In the earlier days his book “Summa on Arithmetic Geometry, Proportions and Proportionality” was followed by every school and were taught to the children of the merchants. In the book, double entry system of accounting was also described. The book also described the use... of...
Project Management has become so Financially Sensitive that all Project Managers should be Qualified Accountants.
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...Accountants Project Management has become so Financially Sensitive that all Project Managers should be Qualified Accountants. Abstract: Finance is one of the most important aspects to be considered in the present days of economic recession. No doubt projects are carried out so that a good measure of profit can be made out of it. If the project has to be a success, then it not only depends on the project manager, but every member of the team is also responsible. This paper looks into the most important aspect of a project manager. The duty of the project manager is to closely monitor costs and budget... Project Management has become so Financially Sensitive that all Project Managers should be Qualified...
Quantitative Methods for Accountants
3 pages (750 words) , Math Problem
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...QM Assignment 2 Answers to be handed in: a) Let X1, X2 and X3 be Quantity Produced for each of the products A, B and C correspondingly. In general form, the maximisation of total contribution to profit can be rewritten as the maximisation of sum of contributions to profit for each type of product: Max: Contribution A + Contribution B + Contribution C; Or as follows: Max: Unit Contribution A* X1 + Unit Contribution B*X2 + Unit Contribution C*X3; Unit Contribution = Selling Price - Variable Costs = Selling Price - Labour Cost - Machine Time Cost - Raw Material Cost; Given the input data concerning Consumption of resources by product (see Table 1 below), Cost of resources (Table 2) and Selling... Assignment...
Principles based accounting as an accounting method which is used as a conceptual basis by accountants
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...Accounting Principles Based Accounting Standards By s Due Principles based accounting is an accounting method which is used as a conceptual basis by accountants. To ensure good reporting, this method sets out a simple set of key objectives. In other words, principle-based standards mean moving away from reliance on detailed, prescriptive rules and relying more on high-level, broadly stated rules or Principles to set the standards by which regulated firms must conduct business (Black et al, 2007). This system follows principles. The term “principles” can be used simply to refer to general rules, or also to suggest that these rules are implicitly higher in the implicit or explicit... ? Finance and...
Information Systems for Accountants
8 pages (2000 words) , Essay
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...Project management is an imperative component of a planners tasks. Managing a project includes two essential steps, project planning, and project tracking. A project consists of several tasks, each of a certain duration that is to be carried out in an interrelated sequence. Project planning is the initial stage of project management, here is where the planner identifies the work or the task involved to complete the project. The planner will manually estimate the duration or the time each task will consume, approximate the cost of each task, determine the workers and equipment to use, and arrange the sequence of the task. As the project progresses, some of these tasks may change due... management is an ...
Company law for accountants
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...Introduction Formation of company is a matter of legal formality and contracts are legal obligations by which companies that are legal, ascertain their legal status. Contracts forms the basis of formalities involved in company formation. A company will not be able to enter into a contract without being incorporated and a certificate of association given. Any company that enters into contracts prior to its existence should be prepared to suffer the consequences should the other party involved fails to honor it. Pre-incorporation contract that exist before the formation of a company are entered into by promoters of a company before the company is incorporated. Promoters are involved... Formation of...
The Code of Ethics for Professional Accountants issued by the International Ethics Standards Board for Accountants states that A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest.
7 pages (1750 words) , Essay
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...Accountants Issued By The International Ethics Standards Board For Accountants States That “A Distinguishing Mark Of The Accountancy Profession Is Its Acceptance Of The Responsibility To Act In The Public Interest” Word Count (1751) A Distinguishing Mark of the Accountancy Profession is its Acceptance of the Responsibility to Act in the Public Interest Introduction The idea of public interest must be considered by all the professional organizations that seek to enhance the professions’ interests they offer services to. International Federation of Accountants (IFAC) defines public interest as “the common benefit that all citizens... Number of the Module The Module Number The Of Ethics For Professional...
How important is it for China to train a substantial number of accountants in the near future
6 pages (1500 words) , Essay
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...Accountants For The Future Already a heavy burden to the world's fourth largest economy, the acute shortage of accountants in China is getting worse. The Chinese Institute of Certified Public Accountants counted 140,000 licensed accountants in China in 2004. (http://www.cicpa.org.cn/English/news_alert/200804/t20080428_4193.htm, accessed December 6, 2008). Former Premier Zhu Rongji indicated as far back as 2005 that more than 300,000 will be required, more than all the licensed accountants in Britain and Ireland combined. (Skills Shortage, June 23, 2005, http://www.accountancyage.com/accountancyage/features... Zhong Yang December 7, 2008 How Important Is It For China To Train A Substantial Number Of...
Recent research (Kornberger et al, 2010) suggests that despite a number of initiatives, the proportion of women accountants reac
14 pages (3500 words) , Essay
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...Accounting Introduction In the era of globalisation, the free movements of goods, services and investments across national borders open themobility of people across nations, thereby; opening opportunities for people around to world to find employment that fit their skills and enter into productive labour (Soros, 2002; Suarez-Orozco & Qin-Hilliard, 2004). This reality fortifies the idea of workers’ empowerment in their line of work. However, as the ideal uses the neutral word of workers and employees, the reality of modern workers is beset with contradictions requiring further articulation (Lyon, 1996). In the labour market, the presence of higher educated men and women is obvious... ....
Some Management Accountants Argue That Budgets Are Great for Planning, but Not For Control. What Do You Think They Mean?
6 pages (1500 words) , Essay
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...accountants argue that budgets are great for planning, but not for control. What do you think they mean? Do you agree with the ment? Explain why? Every organisation, company, governmental organisations have budgeting process that determines expenses and revenues, sales and savings and sets financial goals for the future. Budgeting forecasts potential earnings, helps to anticipate problems and compares the expected performance with actual performance. Thus, some management accountants argue that budgets are great for planning, but not for controlling. I think this statement has several meanings. First of all, control can mean making sure that the real numbers match the ones that were... ?Some management...
Reporting for Accountants: Company Risk Analysis
4 pages (1000 words) , Essay
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...M325444 Sep 10, 2009 Sec. 01/team# Boss’ (NOT Company Risk Analysis for Kansas Southern Dear XYZ, Please go through the company details of KCS as our prospective client . Company Overview Kansas City Southern (KCS) is a Delaware corporation’s transportation holding company with railroad investments in the U.S., Mexico and Panama. In the U.S., the Company serves the central and south central U.S. . its North American rail holdings and strategic alliances are primary components of a NAFTA Railway system that link commercial and industrial centers of the U.S., Canada and Mexico. KCS’principal subsidiaries and affiliates include: three wholly owned subsidiaries are the Kansas City Southern... Sep 10,...
1. Discuss what is the most appropriate business structure for the following business people? a. Three close university friends who have recently qualified as dentists; b. A group of 35 accountants who recently met during a networking event who wish to es
8 pages (2000 words) , Essay
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...accounts or even register the partnership agreement. No government returns are required to be filled by the partnerships, except for the income tax (Glover & Wasserman, 2003). 2) Business structure for a group of 35 accountants who recently met during a networking event who wish to establish a boutique accounting practice aimed at professional sports people For a group of 35 accountants who recently met during a networking event and wish to establish a boutique accounting practice aimed at professional sports people, the best business structure for their boutique is a limited partnership. A limited partnership structure can... Business Structure] Business structure of three close friends who have...
Research paper for case study about Tort and Negligence (course "Legal Foundation for Accountants")
10 pages (2500 words) , Research Paper
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...account. Simply put, the aspect of proximity loosely refers to closeness to somebody which should be taken into consideration to ensure that somebody’s actions should not infringe on another person’s right to enjoy life or to pursue business. In such a situation, every person is obliged to ensure that they do not harm or cause economic losses to the persons close to them by their unprecedented actions which can... The issue in this particular case study is that Kids Pty Ltd wishes to sue Dan and Bull Pty Ltd for the loss of $80,000 profit on the Toys Club contract after loosing a lucrative contract to supply toys as a result of negligent driving by Dan who apparently blocks the only entrance to Kids Pty...
Independent Study for Accountants: What is the internal audit coverage of the organisation's risk management and governance processes?
16 pages (4000 words) , Download 1 , Essay
...accountable way. As a result, the stakeholder groups including the public would sense that the organisation is operating in compliance with the accepted community standards. Therefore, gaining community confidence is one of the primary objectives of a good governance system. When there is an effective governance process in operation, the management would make well-informed decisions that reflect the broad interests of the community. Such a practice will certainly assist the organisation to achieve greater community... What is the internal audit coverage of the organisations risk management and governance processes? By What is the internal audit coverage of the organisations risk management and governance ...
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...
Discuss the arguments for and against compulsory audit firm rotation and also for and against a total ban on audit companies(by which is meant firms of accountants) carrying out non-audit services
7 pages (1750 words) , Essay
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...accounts audited by different auditors time to time and thus requiring reestablishment of communication and relationship which is a compulsory part of any audit. A total ban on audit companies providing consultancy and advisory services is also not welcoming as if the company prefers a certain audit firm for the audit of accounts, let’s say a Big four firm, then they will have to look among much smaller firms to obtain consultancy and advisory services which they might not prefer as the pool of knowledge and expertise rests with much bigger firms. Therefore, a complete ban... arguments for and against the compulsory audit firm rotation and ban on audit companies for provision of non-audit services The...
Accounting and finance
2 pages (500 words) , Essay
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...Accountant 3 Role of Financial Accountant 4 Conclusion 4 References 6 Introduction Management and financial accountants play an important role in the effective business management of an organization. This paper discusses in detail the role management and financial accountants play in the process. Role of a Management Accountant Management accountants are seen as internal business advisors or business consultants (Bamber et al., 2008). The main role of management accountants is to assist the management in decision making by making sense of the financial information of the organization. Management accountants are required to provide information... to the decision makes of the organization which...
Case in technical and ethical issue of financial accounting
1 pages (250 words) , Case Study
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...Accounting Ethical Issues of Financial Accounting Accountants have high technical knowledge relating to the general concepts and accounting principles. Accounting duties include the technical accounting skills of processing regular accounting transactions. Accounting managers are responsible for recording all the accounting transaction of each financial year. According to the case study, the accountant faces the technical issue of coercion by his boss to make a contradicting accounting statement in his favor. The transactions have an adverse effect on the financial information of the company because of lack of compatibility in the business accounting reports. A reflection... Ethical Issues of Financial...
Managerial accounting
9 pages (2250 words) , Essay
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...Accountants The Changing Role of Management Accountants Introduction Over the year, management accountants have had to change their role in order to fit in changing business environments. Several researchers have tried to analyze the changing role of management accountants to determine whether the position has any role to play in contemporary businesses. Management accountants seem to be moving from their traditional roles of being scorekeepers and controllers in an organization to playing a strategic role. This essay will analyze the changing role of management accountants in modern day businesses by looking at the factors that have necessitated such changes (Yazdifar... The Changing Role of Management...
Ethics in the accounting field
10 pages (2500 words) , Research Paper
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...Accounting Profession of This paper critically examines the issue of disregard for ethics in the accounting profession. The paper assesses the critical role of ethics in accounting and goes further to identify the causes of ethical problems in the field of accounting. It finally makes recommendations on how accountants can be made more responsive to ethical standards and methods. Keywords: Accounting, Ethics, Sarbanes-Oxley, Stakeholders Table of Content Executive Summary………………………………………..4 Introduction………………………………………………...4 Ethics in Accounting……………………………………….4 The Scope of Ethics in Accounting………………………...5 Issues with Accounting & Ethics…………………………...6 How... ?An Enquiry in the Ethical Challenges in the...
Accounting field project
5 pages (1250 words) , Essay
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...Accounting Field Project INTRODUCTION In accounting profession, it is the responsibility of an accountant to stay neutral and faithful towards the accounting procedures while revising financial records or evaluating financial performance of an organisation. At the same time, accountants must also remain much concerned about the welfare of the clients. For decades, it has been argued that organisational structures through which accountants work, lead to conflict between business and professional values. It is often observed that organisations basically provide less freedom to accountants with respect to exercise professional judgements. At times, accountants face maximum external as well... as...
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...
Bank of America MANAGEMENT INFORMATION SYSTEM
1 pages (250 words) , Case Study
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...accountants. The first one is under the breach of contract and the second one is under negligence. The liability of accountants is not dependent on known user approach in negligence cases. There is privity of contract between company and the accountants as the company was their client. The company can therefore sustain a cause of action on breach of contract against the Accountants (The American Law Institute, 2014). The second cause of action that can be sustained against the Accountants by the company is that of negligence. The company... Critical Thinking: Case Study Critical Thinking: Case Study Under common law, the Geiger and co Company can sustain two causes of action against James Willis and...
Perception and communication
1 pages (250 words) , Article
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...accountants perceptions of interpersonal communication in organisations.Journal of Public Affairs, 11, 4, 297-302. The article “An exploratory survey of professional accountants’ perceptions of interpersonal communication in organizations” is written by Maubane and Van in 2011. The main aim of the research is to identify and shed light on the issues relating to the perceptions and perceived nature of communication by professional accountants in their interpersonal communication at workplace. The main aim is to conduct this study focusing on South African organizations. The research was conducted in an exploratory... Maubane, P., & van, R. O. G. P. (November 01, . An exploratory survey of professional...
Critical Thinking: Case Study
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...accountants. The first one is under the breach of contract and the second one is under negligence. The liability of accountants is not dependent on known user approach in negligence cases. There is privity of contract between company and the accountants as the company was their client. The company can therefore sustain a cause of action on breach of contract against the Accountants (The American Law Institute, 2014). The second cause of action that can be sustained against the Accountants by the company is that of negligence. The company... Critical Thinking: Case Study Critical Thinking: Case Study Under common law, the Geiger and co Company can sustain two causes of action against James Willis and...
139 DB wk8 ED
1 pages (250 words) , Essay
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...Accountant and Financial Manager In every organization, there needs to be a strong team of accounts anda financial manager. These are professionals who have a very important role to play within the organization. The argument holds water because each organization deals with financial resources that obviously require the input of these experts. Although they have similar educational background, there are lots of differences between them. First, a financial manager should be more experienced than an account. Besides, the manager has a lot of responsibilities such as coordinating and organizing the activities within their department and supervises the employees under them including... The Importance of...
Professional Versus Persona judgement in accounting world.
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...Accounting World al Affiliation) Professional versus Personal Judgment in the Accounting World The application of professional and personal judgment is evident in the accounting world. In addition, accounting involves handling financial information to generate financial statements that represent an honest state of an organization. However, numerous ethical issues inhibit professional and personal judgment and compromise the Code of Professional Conduct. The American Institute of Certified Public Accountants (AICPA) is responsible for ensuring that all accountants in the United States comply with the code of ethical conduct. Professional and personal... Professional versus Personal Judgment in the...
The role of accounting system in the UK for motivation
66 pages (16500 words) , Download 1 , Dissertation
...accounting literature has suggested the importance of accounting systems (Albrecht, Stice, Stice and Swain 2007... ). Pertinently, accounting used to be a function that is merely focused on its ability to prepare financial statements to reflect the current state of the company to enable the manager of the latter to make sound decisions relative to their proper functioning. Nowadays, the accounting system has evolved to cater to one important function: to provide information necessary for business planning, decision-making and control. The importance of the accounting profession has been underscored by the dynamism and competitiveness of the...
Ethical behavior Essay
3 pages (750 words) , Download 0 , Essay
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...accounting profession relies on the ethical behavior of its members to ensure the reliability and accuracy of accounting information. During the early part of the 21st century there were a series of accounting scandals that devastated the financial world as people began to lose confidence in the financial information provided by public companies. Two of the big scandals that led to the lack of confidence of people in the work of accountants were the WorldCom and Enron debacles. The Enron case at the time represented the biggest bankruptcy in U.S history. The executives of Enron cooked up the books and stole millions of dollars for their personal wealth. Due to the uncertainty and sudden lack...
PORTFOLIO PROJECT Part 7
5 pages (1250 words) , Essay
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...Accountants Introduction The contemporary literature brings several definitions of compensation. Some authors state that compensation is one measure of justice (Armstrong, 2012). Others say that it is a method to value workers in an organization system (Gates & Smith, 1995). In managers’ view, compensation is a reward to value employees’ performances. In stakeholders’ opinion, it is the benefit given to employees in exchange of the effort they have made for the organization... ? Compensation Management Portfolio Project – Part 7 - Compensation For this portfolio project, several themes will be discussed under the perspective of the following job description, as classified at O*Net (2013): 13-2011.01 -...
Description of Accounting Industry
5 pages (1250 words) , Essay
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...Accounting Industry Section March 10, 2006 of the Accounting Industry The Accounting Industry is one of the fastest growing service industries. According to the 2002 census, the accounting industry has a total of 112,223 establishments and receives revenues of $84,604,468 nationally (pg. 3) increasing from 97,512 establishments and $61,117,315 received revenues in 1997 (U.S. Census Bureau). Massachusetts alone contributed to 2,144 of total establishments and $1,778,516 of received revenues (U.S. Census Bureau). Although there was little information about the accounting, tax return preparation, bookkeeping, and payroll services, Boston has a large financial and insurances service industry... of the...
Case
2 pages (500 words) , Case Study
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...Accountant International Ethics Standards Board for Accountants (IESBA) has a mission to strengthen the worldwide accountancy profession through setting standards related to accountant’s ethics. IESBA wants to beef up professionalism in the accounts profession by establishing new steps that accountants should take in disclosing information to management, the board, and external sources. This paper discusses the four codes of ethics that accountants should adhere to including confidentiality, objectivity, and integrity. Additionally, the paper examines the principle of loyalty and confidentiality on both internal and external auditors. Corporate accountants have always... Ethical Principles of an...
Researching a career
2 pages (500 words) , Essay
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...Accountancy The career selected to comply with the requirement of the module is accountancy or accountants. Relevant information regarding this particular profession was gathered using the Occupational Outlook Handbook (Bureau of Labor Statistics) and O*Net Online (Summary Report for Accountants). What preparation does someone need for this career? The preparation that is needed for this career includes specific educational background, as well as certifications and licenses. The prospective candidate for positions in accounting should have genuine interest in this field to possess motivating drives to learn and to gain skills required from the position... . What would a typical day on job...
GAAP
2 pages (500 words) , Term Paper
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...accounting principles are important for those in the finance industry. This method allows a certain type of procedure for accounting. The method is known by many businesses and is a required method for accounting type record keeping. Having a specific method for handling accounting can have its advantages and disadvantages. GAAP is an abbreviation for “Generally Accepted Accounting Principles” This is important because accounting is something that has to be exact. Accountants need to abide by specific principles so that required tasks are without flaw. These rules are widely accepted and used as a popular accounting method. “GAAP is established by the Financial Accounting... The Generally accepted...
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