This essay aims to define clever accountancy, how it came about, how it serves the public interest and how it is cursed by the tax collector. The researcher of this essay also points out how it has massively affected the public image of the accounting profession. In this regard, different academic theories were cited to explain how clever accountancy has led to professionals being painted in bad light. Historical as well as contemporary evidence were documented to support some claims and opinions. The essay, among all other things, discusses how accounting could be done more professionally today. Clever accountancy was at first seen to enhance professionalism in the accounting field. It has, however, played as paying taxes is a major ethical responsibility of the members of the society to the state. Everyone in the society has an important part to play in paying taxes to enhance service delivery. However, accounting firms constantly use their social position and influence in the economy to evade their core responsibility of paying taxes. The researcher then concluds that accounting profession is the major culprit in the evil when it comes to unethical practice as it is often the main tool of the crime. A change for the better for the profession can help in alleviating the problem. The accounting profession, as indicated earlier, wields a lot of power in the current world. With such power it ought to be on the frontline in championing for positive social ideals. This can have ripple effects considering the power it has. ...Show more
This essay focuses on the discussion of connections between professionalism and the accounting profession. The researcher mostly focuses on clever accountancy field, that has gained ground in recent years to become a major business model for many accounting firms. …
Accountancy is not a profession Introduction Accounting or accountancy is the procedure that is used for conveying necessary business information to various users (Elliot and Elliot, 2004). This communication takes place mainly in the form of financial statements, which show the economic resources that are controlled by a firm’s management.
This essay analyses how each of these models view accountancy as a profession. The first section discusses the trait-based model and functionalist perspective, as well as their weaknesses as models of profession. The second section discusses how the Weberian tradition and Marxist paradigm fill the gap left by the trait-based model and functionalism.
Accountancy is not a profession Although the status of accountancy as a profession was started to be challenged around the start of the 20th century, yet for the most part, accountants in the 20th century were organized into a kind of profession that was self-governing.
Therefore, ethics is seen as a cornerstone in the accounting profession and failure to be ethical in their transactions, decisions and any activity accountants are involved in might result into the ultimate collapse of a company. Ethics in the accounting profession requires that there is integrity, honesty, truthfulness.
The first part of the research will be devoted to a definition of professionalism, for the purposes of contextualising the discussion and, the second part of the study to an analytical discussion of the following research question: how have service changed and expanded and how do these changes relate to the professionalization of the workplace.
As Fedoryshyn and Tyson (2003) have indicated, the factors responsible for this decline are likely to be many and varied. One of the most alarming trends related to the reduction in accounting majors is the diminishing number of high school students who express interest in pursuing professions in accounting.
Besides universities and other educational institutes, professional associations are the major role players in producing professionals through training and qualifying them by conducting the exams. However, in order to balance the pull from the industry for professionals, there is a chance and risk of pushing the large quantities of non-qualified professionals according to the market play.