...INTRODUCTION Authorization Per your request, Career Selection Services has researched and prepared a breakdown analysis of two potential career choices with a recommendation of the more compatible of the two professions. My recommendation is based on a thorough investigation and analysis conducted on careers in accounting and legal administration. Purpose, Scope, and Limitations The evidence I have collected relates to the work environment, duties, salary, education, skills, and advancement opportunities strictly limited to careers in accounting and legal administration and examines the facts and evidence to determine which of the two chosen careers would best suit the individual. Sources and Methods I have examined the data instituted in the Occupational Outlook Handbook provided by the Bureau of Labor Statistics online and have analyzed the information provided online by the AICPA. Report Organization In this report, I will provide insight on the two professions – accounting and legal administration. The report will include a brief rundown based of each of the following criteria: work environment, education requirements, job duties, salary/earnings, and advancement opportunities for each profession. The report will conclude with my recommendation of an accounting career over that of a career in legal administration. ACCOUNTING Work Environment The work environment in accounting is generally that of a professional office setting. It is usually...
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...Career Comparison for Accountants and Financial Analysts Prepared for Sara Ray Prepared by Career Consultant June 16, 2013 LETTER OF TRANSMITTAL Sara Ray 123 Brookside Dr. Holbrook, NJ 75486-1256 June 21, 2013 Dear Sara, Here is the report you requested on June 1st for a comparison between of a career as an accountant and a financial analyst. Based off our conversation, we took your interests and previous work experience into consideration as we compared specific criteria between these two careers. While working for your previous employer as a junior accountant, you show your ability for detail and organization. An accountant must possess these skills as well as the ability to work independently. I also gathered from our conversation that you are not one to handle a tremendous amount of pressure well. As a financial analyst, this is a skill that is required. You could be faced with many deadlines that could be very stressful. Your education course of study was also included to compare to the education requirements of each career and even though there are many similarities between the two, there are many differences. For example, both careers require good written and oral comprehension but an accountant needs to have excellent mathematic skills and be able to choose the right formula to solve a problem. This skill is not as important as a financial analyst as is the ability to develop solutions to complex problems that need to be solved....
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...Career Development Plan Summary HRM/531 March 7, 2011 Anita Orozco Kudler Find Foods (KFF) has recently promoted me to a midlevel manager in the accounting department. Kathy Kudler, the founder, has decided to restructure the accounting department and will require hiring additional personnel that entails training for new and current employees. Kathy is considering a better method for appraising the team’s performance. This proposal will include the job descriptions and qualifications for five new positions, a new training program that enhances the skills and qualifications of new and current employees, methods for evaluating employee and team performance (including a progressive discipline process), challenges of the team performance, incentives and benefit packages, strategies for managing employees’ career development, and a fair and appropriate compensation plan. Job Descriptions and Qualifications Kudler Fine Foods will be restructuring the accounting department. The accounting clerk positions will be eliminated altogether. The accounting department will be divided into five new positions including a first level management position. The accounting department will consist of an accounting manager, two accounts payable specialist, an accounts receivables/cash applications specialist, and a staff accountant. The job description and qualifications of each position is as follows: Accounting Manager Job Description: Responsible for all areas relating to financial...
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...Charlotte Jhiza A. Beleno Adamson University Abstract The need for accounting graduates continually grows in this decade. The US Bureau of Statistics projected that there will be a 15.7% increase in the number of accounting jobs between 2010 and 2020. This increase in demand gives the importance to study and understand the factors that motivate and encourage students to take up Bachelor of Science in Accountancy as their college course, so that quality graduates will meet the demand in the field of accounting profession. This paper also helps high school teachers, parents and guidance counselors on how they can influence students to take up BS Accountancy in their tertiary level. On the other hand, it also informs the students on the advantages of being accountancy major and an accountant in the future. Factors Affecting Students’ Choice of Bachelor of Science in Accountancy as Major A Review of Related Literature and Studies Accounting as defined by Webster is the system of recording and summarizing business and financial transactions and analyzing, verifying and reporting the results. On the other hand, Accountancy is the profession or practice of accounting. Bachelor of Science in Accountancy prepares students for careers in accounting firms, financial institutions, public sectors, and financial departments of companies. It is an in demand course since there is an upward trend and opportunities to accountancy graduates and these graduates are expected to experience...
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...of Science in Accountancy in De La Salle Lipa. In this research paper, the being in demand of the course and the effect of having job opportunities after graduating in college in the career choice of the students, the difficult situations they face, how they deal with them and their expectations of their career were being studied. This was done with the use of qualitative method. The researchers interviewed twenty-two (22) Accountancy students about their perceptions on their course. They summarized and concluded their answers to obtain the needed results and they found out that career opportunities really matter in choosing a course because the Accountancy students considered their future in doing this. Though they faced challenges in taking their course, they did their utmost to overcome these and obtain their wanted profession. In addition, they expected to have a good job in the future through this career. This paper further concluded that the students were motivated to study harder and to perform better despite of the difficult situations because of the nice future that was waiting for them and because of their high expectations of their course. Bachelor of Science in Accountancy as an in Demand Course in De La Salle Lipa Bachelor of Science in Accountancy (BSA) is a degree program chosen by students who aspire to practice accounting as their profession. In De La Salle Lipa (DLSL), a student taking this is expected to be a responsible one. The reason behind this is...
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...University of Wisconsin – La Crosse in May with a degree in marketing and am very interested in pursuing sales opportunities with your organization. Please consider me as an applicant for your Financial Development program. I recently talked with your representative John Smith at the UW-L Career Expo. John reviewed my resume and provided me with excellent information on the program. We both agreed the program would fit well with my career goals and he encouraged me to apply. I believe I am an excellent candidate for the position of Assistant Human Resource Manager available at your organization. Please accept the enclosed resume as application for the position. Please accept this letter as application for your summer Direct Marketing internship. With a major in marketing and a minor in communication studies, I have acquired the knowledge necessary to be successful in the position. Please consider me as an applicant for your summer Finance Internship position. I will be available for a full-time position beginning May ___ and continuing through August __. I learned of the position from Dr. _____, a UW-L finance faculty member. Dr. _____ felt I would be a strong candidate for the position and encouraged me to apply. Please consider me as an applicant for your recently posted International Business internship with ABC Company. My professional career goal is to obtain an international business position that allows me to utilize my French skills and experiences...
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...sophisticated, tax and accounting regulations are more complicated, and borrowing and investing tactics that were never heard before are now popular. The accounting profession in Canada is under severe pressure from both national and international sources to re-orient itself to meet the changing requirements of the communities it serves. As a result, Chartered Accountants (CAs) are in greater demand than ever. CAs are engaged in all areas of professional accounting and enjoy rough equal public accountancy rights throughout Canada, helping individuals and businesses sort through the maze and plan strategies for a successful future. The financial information that professional accountants provide is the lifeblood of business and society. Because its impact is far reaching, the accounting profession opens huge career possibilities. The in-depth business skills you develop as a CA prepare you for most positions in management and provide access to the top jobs in business. The purpose of this report is to help me find a career as a CA in Canada with all vital information about the current status of CA career, its potential in coming years, where to pursue study in CA, where to search for jobs as a CA, experience to be successful in this career through different sources such as books, website, forum, blog, journal and newsletter. THE STRUCTURE OF PROFESSIONAL ACCOUNTING IN CANADA Canada, like many other countries, has more than one national professional accounting organization: The...
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...Career Path for Accounting Studies It is always so hard to give the exact number of people who have majored in accounting, but one thing that I know is that the demography is very wide and large. This is because they have different reasons for majoring in this career path. The most common reason to all people is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing immensely and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career path that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating language in the world of business and this is why many chief executive officers hold a degree in this field. In the day today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who venture into it will always have the best job positions waiting for them because...
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...START YOUR CAREER IN ACCOUNTING For as long as civilization started engaging in trade, accounting has been around. Evidence of financial records exists from as early as the Greek and Roman Empire. As civilization developed, accounting became more complex as well. For centuries, accounting standards stayed fairly unchanged. However, in the past decade, the accounting industry experienced many changes. From the company scandals to big mergers, we have seen the world of accounting transform. Today, it is one of the largest growing industries in business. “The Bureau of Labor Statistics projects 15.7% employment growth rate for accountants between 2010 and 2020” (US News). This growth rate is higher than any other profession, which makes accounting an excellent career choice for BBA graduates. To get started on your career path in accounting, here is what you will need to know. RECENT TRENDS IN ACCOUNTING Accounting has a reputation of being boring, but recent events prove this statement wrong. This year is an exciting and challenging time in the industry as one can expect to see more changes as the industry redefines itself. New Auditing Regulations: As Rapoport states in his recent article, “the annual audit report is about to get an extreme makeover.” The Public Company Accounting Oversight Board plans to propose new rules that will require auditors to put more information in their report. Contrary to the current pass-fail system auditors use in their report...
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...Proposal 1. Title Opportunities with a NEU Accounting Diploma Holder 2. Statement of the problem/background of Research subject We’re studying for an Accounting Diploma and during courses a key question arises, “what could we do with that Diploma in the future?” Hearing opinions from a lecturer about Accounting - an “impossible-to-be-rich” job, discussing with friends how boring an accountant get, all of those have cast a shadow on our believe in a promising career prospect. Therefore, we decided to carry out a research to answer that question. We will conduct our survey within a group of 80 people which includes undergraduated students, graduated students and lecturers in Faculty of Accounting. 3. Theoretical framework. - Question Answered on Accounting Career by Caitlind Alexander - Careers in Accounting ,4th Ed. By Gloria Gaylord - Vault Career Guide to Accouting By Jason Alba - Accouting Jobs Worldwide By Ian Collier - “Ngành Kế toán học,làm gì?”, Đỗ Hợp, Tienphong Online, 06/02/2011 - Other academic resources. 4. Rational/Purpose of the research. As I have mentioned above, every year, there are lots of Accounting faculty students. Nonetheless, not all of them comprehend exactly their opportunities. Undergraduated students, of course, also wonder about that. Our goal is to provide a fully look of Accounting Diploma Holders for our friends. Furthermore, the research will make my friends who are Accounting students have stronger beliefs in their...
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...considering is accounting. I decided I wanted to do accounting back when one of my cousins became an accountant. She ended up getting her CPA and a full time job at the place she interned at, which ultimately made me want to do the same. One path I thought about taking with this major is to be a forensic accountant. Before I became an accounting major, I was a criminal justice major, so getting into forensic accounting is something that I am very interested in. With this career, I would try and detect crimes, such as fraud, and would have the opportunity to work for government agencies or law firms. Being a forensic accountant is probably my first choice. Another field that I would be interested in is being a...
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...I. Introduction Since the beginning of humankind, accounting is known as the language of business and business is something that cannot be torn away from people. Therefore, literally this kind of attachment indicates the importance of accounting in our lives. The concept and terms of accounting are used to describe and measure the events of daily business activities. An accountant measures, aggregates and reports financial information necessary for the sake of decision making by organizational managers, owners, investors, government agencies and other users. From the previous statement, we can see the indication that shows how accounting is important in careers. Everything needs accounting. Whether you are a doctor, or an ordinary office worker, you would still need to play with numbers and take into account the cost of things that you used or used by someone else. Timely and accurate information on operations is crucial to success in the recent days of rapidly changing business environment, and the accountant is the one responsible for the critical business function that mostly though indirectly affects our career and everyday life. Looking at it from the career wise point of view, accounting has been, through its importance and the sort of information that it brings opens many career opportunities for people. These opportunities generally are in the public accounting field where many accountants are needed. The ever growing of business environment opens a wide road for...
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...Accounting is the process or work of keeping financial accounts. Logic and attention to detail are involved in accounting. This profession mostly uses left-brain thinking which is about numbers and the practical application of numbers. If you want to be an accountant, it is no big surprise that you should have a knack for numbers. According to Taylor (2010), as a certified public accountant, or CPA, you will be in charged of reviewing and analyzing the financial information of clients’ companies for auditing, taxpaying, or advisory purposes. The diversity of the accounting profession makes it easier for accounting graduates to find and fill a job. Accounting graduates will not run out of job opportunity. In fact, accounting graduates have many opportunities in the job market such as as accountants, budget analysts, forensic accountants and auditors. First, the most popular job opportunity for accounting graduates is as accountants. Accountants check financial accounts. They can work in the private or government sector. Their scope of work includes working in accounts payable, receivable or general ledger. They also perform reconciliations and analysis. This profession can be divided into three major fields. The first field is public accountants who focus on auditing and tax functions. The second field is management accountants. They work in companies and contribute to decisions making on capital budgeting and business analysis. The last field is financial accountants. The...
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...“Careers in Accounting” Tony Gantt Prof: Arora Acc 100 Nov. 28, 2015 It is always hard to give the exact number of individuals who have majored in accounting, but one thing that I know is that the demography is very wide. This is because they have different reasons for majoring in this career path. The most common facts as to why all people choose this major is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing large and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career paths that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating languages in the world of business and this is why many chief executive officers hold a degree in this field. In the today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who...
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...CAREER PAPER MUQRIN ALJHARI October 2, 2015 INTRODUCTION Accounting is popularly known as “language of business". Accountants are the practitioners of accounting, who can speak it better than anyone. It measures the results of a company’s economic activities and conveys this information to different users like creditors, investors, management, and regulators, etc. Accounting is the body of knowledge, which is primarily concerned with methods for recording transactions, keeping financial records, performing internal audits, reporting and analysing financial information to the management, and advising on taxation matters. In short, it is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the resources available to a firm, the means employed to finance those resources, and also the results achieved through their use. ACCOUNTING CAREERS Choosing the field of accounting as a career path is a smart decision. This field will always be in demand. This field can help you to grow continuously and help you move up inside your organization. A lot of different positions are available in the field of accounting. Accounting careers can range from entry level positions to executive level positions. Some of the popular careers in...
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