...Accounting Education In the business world, accounting education is one discipline of study that all people, regardless of job position, should have some knowledge of. Its concepts can be applied to all job specialties, its importance has been promoted in recent years, and it is useful in people's everyday lives Barber, (2000). First, accounting education is important because it can be applied in all job specialties. Secretaries must use accounting skills to manage the company cheque book and orders, auditors have to study financial statements to evaluate the accuracy and integrity of the business, and executives need to judge the success of their business using accounting statements from the past and present. These are just a few of the many possible positions where an understanding of accounting is necessary Boreham, (2001). Another reason all business students should have some background in accounting is because in recent years, people in the business world have been held more accountable for their financial practices. Since the Enron and WorldCom crisis, when independent auditor Arthur Anderson failed to report illegal accounting practices, the SEC has been monitoring public corporations more closely. Thus, companies require some basic knowledge of accounting to avoid any future misstatements unintentionally occurring Bourdieu, & Passeron, (1990). Additionally, it is vital that everyone, not just business students, acquire an understanding of accounting for personal...
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...How to Prevent Creative Accounting Creative accounting is a practice whereby a company takes advantage of loopholes to show that they are more profitable or financially stable than they actually are. In many cases of creative accounting, the company is not yet breaking the law, but is most likely engaging in unethical behavior. Creative accounting can lead to suspicion, audits by the government and, in the case of fraud, the dissolution of a company. Some creative accounting is simply done in error when an accounting system is not set up for checks and balances. This article will tell you how to prevent creative accounting. StepsThings You'll NeedTips and Warnings 1. Make sure your company is run under 1 bookkeeping system and 1 accounting system. Large companies often unintentionally promote creativity or error if every clerk, bookkeeper or office manager is left to run their system as they see fit. In the case of a governmental audit, this can be difficult or devastating for a company to find themselves unable to make a good case that the accounting books are solid. One way to avoid this is to adopt a new and more efficient accounting program. Hire a head accountant to train everyone and to check that everyone follows the new practices to the letter. 2. Hire an internal auditor. Although this may sound unintuitive to audit yourself, it is preferable to check up on your own business transactions before the federal or state governments decide to audit you. It can...
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...light when the suspect requested a tuition refund on behalf of five students and an alert employee, who was helping him with the refund, noticed that he had seals of those five students, one of whom had died recently. She became suspicious and reported the matter to her supervisor who immediately called the police. The school has been under the supervision of the Ministry of Education for many years due to mismanagement and infighting among members of the school board.” Dan Wu, the president of Sanchou, read the news over and over again as he was having his morning coffee. He had been informed the previous evening that police had been called on campus. Later in the day, he called an emergency staff meeting to discuss the embezzlement. “Why did it happen? How much money did he take?” Dan asked his staff. He wondered whether the Weekend School and the Short-term Programs Division had similar problems, and what accounting policies and internal control procedures should be put in place to prevent recurrence of such incidents in the future. At the end of meeting, he asked Fong Pam, the dean1 of the Accounting Division, to investigate what led to the embezzlement and to determine how much money had been stolen. IM A ed u c AtIo nA l c A s e JournAl Once the meeting was over, Dan reflected back...
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...Jose Dejesus Dr. Steven Taylor English 11 D22 3/3/2014 2nd Paper Accounting: the need of bringing accounting history into classrooms Would introductory accounting students benefit from the lessons and experiences found in accounting history? That’s how the article “Financial Accounting Courses: An exploratory study” by Satina V. Williams and Bill N. Schwartz starts. According to studies made by Williams and Schwartz, students would better understand the political, economic and cultural issues affecting the development of accounting if they were exposed to the history and evolution of accounting through the years. They also suggested that gathering historical information in the beginning of the course of accounting may stimulate students to learn more about how accounting is actually working (Williams 198). After looking at records and seeing that many students are receive a degree without knowing the history of accounting, they conducted a survey to determine how they can get the history of accounting into the classrooms. After contacting 100 school’s accounting department administrators, they found 79 faculty members to ask for their opinions about incorporating accounting history into undergraduate introductory financial accounting classes. If they can get the majority of firms they might be able to bring accounting history into classrooms. They received 49 responses and 24 of them were in agreement...
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...Journal Critique 2 Dr. Carol Sullivan July 3, 2015 The Accounting Competency Crisis within the U.S. By Max Jackson Tell me something... What do Bear Stearns, Swissair, Health South, World Com/MCI INC. Tyco Ltd, Enron and Arthur Anderson all have in common, they all shared one weakness that has killed all companies alike.... the inability and the lack of quickness to spot bad accounting practices and procedures that were in place that lead to their immediate demise. It is because of this bad oversight and bad practices that Corporate America is railing for new talent, only for the talent not to be at the caliber they wanted. Some within Corporate America blame the current education system for not preparing today's "OVER ENTITLED STUDENT" who feel as though they can rightfully command a 6 figure salary as if they were Moses parting the Red Sea, with regards to doing the job they have been hired to do only to do nothing! In my paper, I not only place blame where it needs to be, at both the foot of the Educational System and Corporate America for not doing their part in order to prepare today's students, but I also state from those what can be done to help today's student over come today’s current job disparities within the field of accounting. Intro: In today’s tough job market, companies all across the United States are in a race as if it were a nuclear arms deal in order to find the top talent within the accounting industry. However they are all chanting one phrase as...
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...Intensive First Year Seminar* HCS100 Hum Comm Studies HIS101 World History I* HIS106 World History II* MAT108 Finite Math MAT181 Applied Calculus I ________ General Education elective ISM142 Business Computer Systems* BSN101 Foundations of Bus Admin (2 crs.)* ________ General Education elective or a General Education elective* or ECO113 Principles of Economics (4 crs.) SECOND YEAR Fall Semester (16 or 15 credits) Spring Semester (15 credits) ACC200 Fundamentals of Financial Accounting ACC201 Managerial Accounting SCM200 Statistical Applications in Business* BSL261 American Legal Environment* ECO113 Principles of Economics (4 crs) ECO280 Managerial Economics or a General Education elective ________ General Education elective ________ General Education elective ________ General Education elective ________ General Education elective THIRD YEAR Fall Semester (15 credits) Spring Semester (15 credits) FIN311 Financial Management FIN313 Advanced Financial Management (SP) MKT305 Principles of Marketing FIN333 Applied Comp. & Security Analysis (SP) MGT305 Organizational Behavior SCM330 Supply Chain & Operations Management ________ General Education elective ________ Free elective ________ General Education elective ________ General Education or Free elective FOURTH YEAR Fall Semester (15 credits) Spring Semester (15 credits) FIN312 Investments (F) MGT497 Strategic Management FIN314 Financial Institutions...
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...Chapter I Introduction Education is the sum of all process by which a person develop himself, his abilities, attitudes, and other forms of behavior, values in the society in which he lives. In connection with this, effective teaching plays an important role in order to absorbed knowledge. The difference between the terminal performance of the learner and his/her base level performance is normally attributed to effective teaching by means of teaching methodologies use by the teacher. Teacher factor is one of the strongest determinants of successful learning that contribute to the study habits of students. Study habits and teaching methodologies performed a very important role in the learning process. Through the advancement in our technology some changes occur in teaching procedures, the help of printed materials learning become complex. The skill in selecting methodologies in the context of certain lesson is critical. The teacher has mastered this ability through sharp and intensive observation of how students learn. Choosing on what teaching methodologies to be used can contribute on the study habits of the students. It is expected that when teachers used the best teaching method, students might study lessons easily. Psychologists and educational experts are aware of this situation and use their knowledge about learning, about techniques and procedures to study and apply it to teaching process. How can we obtain learnings by means of study habit? Salandanan (2005)...
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...Assessment Data | Program | : | Bachelor of Business Administration Accounting | Center | : | Main Campus | Bulletin | : | 2010-2012 Bulletin | Date Start | : | 01/05/2013 | Date End | : | 31/12/2017 | Basis of Adm. | : | 2 'A' Levels Plus 6 'O' Levels | Observation | : | | Advisor | Name | : | Ndlovu, Ivonne Lec - Lecturer | Title | : | | Academic Variables | Admission Status | Date | Type | Document | 01/05/2013 | Regular | 1 | | Academic Status | Date | Type | Document | 01/05/2013 | Active | 1 | | Documents Control | Academic Record | 2013 1st Semester :: Main Campus | Mode / Type / Cond | Crd. | Grd. | Qpt. | | | MATH | 181 | Business Algebra | Reg / Core / regular | 3.00 | C | | | | INSY | 110 | Computers and Business Information Systems | Reg / Core / regular | 3.00 | B | 7.00 | | | CONV | 101 | Convocation [1st Year 1st Semester] | Reg / Core / regular | 0.00 | S | 0.00 | | | ACCT | 111 | Financial Accounting 1A | Reg / Core / regular | 4.00 | C | 8.00 | | | ORIE | 100 | Orientation | Reg / Core / regular | 0.00 | S | 0.00 | | | RELT | 215 | Philosophy of Christian Education | Reg / Core / regular | 2.00 | | 0.00 | | | MGMT | 155 | Principles of Management | Reg / Core / regular | 3.00 | B+ | 7.00 | | | ECON | 215 | Principles of Microeconomics | Reg / Core / regular | 3.00 | C+ | 6.99 | | | EDUC | 101 | Work Education | Reg / Core / regular | 0.00 | | | | | | Core Cumulative...
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...Inland Power and Light In search of what I want to do with a business related degree, I have struggled to decide on whether to go the accounting or finance direction. To ensure I make the right decision, I decided to take a few courses from each. Though this may be a waste of time to some, I find it very valuable when it comes to making a decision for my future. My passion has always been with numbers. Math is what I am good at and what I enjoy the most. Assuming this would lead me toward finance, I was quickly awoken when accounting seemed to come much more naturally. After graduating, I plan to land a job somewhere in the accounting field and work toward becoming a CPA for my own private firm. Due to the direction of my future, I decided to interview an individual who is a licensed CPA. John Francisco is an intelligent, determined, and hardworking individual who works for Inland Power and Light as Chief of energy Resources. He has been working for this company since he graduated twenty years ago. Inland is a rural electric cooperative serving 39,000 meters in thirteen countries within Eastern Washington and North Idaho. The company currently has ninety-six employees and approximately sixty-five million dollars in annual revenue. For the fairly minimal area that Inland Power covers, the company is highly successful. The industry John works in is electric distribution, in which they provide electricity, build, and maintain the lines that distribute electricity to homes and...
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...Sometimes they require risk taking and often deal with business. Your Career Matches ... Office and Administrative Support Explore Jobs Eligibility Interviewers, Government Programs Executive Secretaries and Executive Administrative Assistants Municipal Clerks Human Resources Assistants, Except Payroll and Timekeeping First-Line Supervisors of Office and Administrative Support Workers Loan Interviewers and Clerks Freight Forwarders Proofreaders and Copy Markers Brokerage Clerks Legal Secretaries Credit Authorizers Billing, Cost, and Rate Clerks Bookkeeping, Accounting, and Auditing Clerks Patient Representatives Statistical Assistants File Clerks Procurement Clerks Computer Operators Bioinformatics Technicians Explore Degree Options Associate of Arts with a concentration in Foundations of Business Bachelor of Science in Business with a Concentration in E-Business Associate of Arts with a concentration in Accounting Page 1 866.766.0766 | phoenix.edu Desktop Publishers Business and Financial Operations Explore Jobs Loan Officers Equal Opportunity Representatives and Officers Personal Financial Advisors Credit Analysts Insurance Underwriters Loan Counselors Tax Examiners and Collectors, and Revenue Agents...
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...spending for younger generations. In recent years, state governments have been making significant cuts to state education in an effort to work to reduce the United States’ 10% deficit per year. Bill Gates argues that the long term equity from spending on education and healthcare far outweighs the equity from spending in other governmental areas. Gates’ solution to the problem is simple. His first proposal revolves around the idea of upgrading our tools and technology. In a country that spends more on education than most other countries, his ideas here are well deserved. Next, Gates believes that accounting for schools should be closer to Generally Accepted Accounting Principles and should be clear and honest. Gates argues that the current accounting method for schools follows a “buy now, pay later,” mentality. And, finally, Gates preaches that Politicians should be rewarded for their efforts to reduce the deficit. States have used many different methods to hide their ‘budget balancing’ accounting practices. Moreover, in future years, educational spending is projected to go up, perpetuating the already monumental educational budget deficit. This ongoing ‘debt clock’ should raise red flags to State Legislators to this systemic problem. Unfortunately, the only way to accommodate future generations and safeguard them from inheriting a massive educational debt, is to cut education spending in half, which, given our current position, cannot be our solution. So is there a way to reduce...
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...A Look into Accounting: Discovering the Gaps Between Educational Insights and Career Expectations It is inherently difficult to measure how well college graduates are prepared for the their careers. Part of being prepared rests as a responsibility to the student. However, it also becomes the responsibility of the institution to provide an education that gives the student a holistic understanding of their career. The focus here is on the topic of accounting as taught at universities. Although there has been significant research conducted to improve the education of accounting as a principle, the facet that has long been ignored is teaching the subject in preparation for realistic career expectations instead of meeting obsolete standards. A point of emphasis is the hands-on experience that students in the field experience prior to graduation: are they truly grasping an understanding on what the responsibilities of accountants entail? Reading a driving manual is no doubt important, but it is not until the individual gets behind the wheel that the actual learning takes place; everything else that was read is merely memory. This research paper will explain why it is important for universities to develop a more precise curriculum for accounting that provide students with the background needed to begin their careers and stress the importance, of and assess the impact, of a hands-on working experience prior to graduation. Accounting as currently taught at Universities There is...
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...CHAPTER I Introduction Background of the Study This study investigates whether PowerPoint presentations improve student’s learning and attitudes compared with traditional classroom presentations. While the use of PowerPoint and multimedia in the classroom has significantly increased globally in recent years (Connor and Wong, 2004; Bartsch and Cobern, 2003), few studies have systematically investigated its impact on student learning and attitudes. Rebele et al. (1998) note that little research exists regarding integration of technology in the accounting curriculum, and suggest that accounting researchers should examine whether technology improves learning. One study that has examined the relationship between multimedia and student learning and attitudes was conducted by Butler and Mautz (1996). In a laboratory experiment conducted during a 30-minute time period, they found that multimedia did not affect student recall in all situations. Butler and Mautz did find an interaction between the effects of the multimedia presentation and the student’s preferred class representation style (i.e., whether the student was considered a “verbal” or “imaginal” learner). To improve the quality of learning in our schools using multimedia is very effective in the teaching learning situation. It benefits the students to grasp information easily, to understand as much information as possible, to retain information longer and to gain knowledge that is observable and measured. Literally, multimedia...
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...cons of the effects of technology on educations. That by incorporating technology into our schools would and could make us stronger and more up to speed with surrounding countries. The Effects of Technology on Education The topic of the effects of technology on students is a concern for teachers, school officials, parents, and students. Everyone wants to know if technology is really going to help our children learn more, and truly make a difference in the way teaching is currently being done in the classrooms. What will it cost to bring in technology, and can it be afforded without breaking the wallets of the parents and schools? Can technology help bring education back to life in our children’s lives, where they want to go to school and actually be there? We need to acknowledge that with technology many things can be achieved in education for all ages, grade levels, and countries. The educational system is much different from when we were in grammar school. Kindergarten is no longer about learning the basic skills of numbers, letters, shapes and colors; it has become a first grade level education. Our children now have to know the basics to be in kindergarten; and to be able to move on to first grade they have to be reading, doing basic math and writing. The schoolwork that is being asked of our children now is different, and more demanding than ten years ago (Richardson, 2011). As parents we need to invest in our children’s education starting at an earlier age then in...
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...between mobile based learning technology with face-to-face as a teaching method of Accounting Information System’, Global Conference and Finance Proceedings, Volume 9, Number 1. Authors conducted a study on the mobile-based teaching method to test if it will improve the student’s performance not only in technical skills but also in personal skills in learning Accounting Information System. The study was an exploratory research to develop a mobile learning application of Accounting Information Systems and test on the AIS mobile learning application made using the quasi-experimental research design. A pre-test exam was conducted where 50 accounting students who have completed Accounting Information Systems (AIS) courses were provided 20 randomly selected multiple-choice questions from 30 available questions with topic of data warehouse. The research result showed that before the student use mobile technology, their performance was not as expected. This pre-test result will then be compared with their exam score after taking advantage of the mobile learning application program which is still not published to date. The study reveals that the education system until now is mostly done by traditional face-to-face between students and educators with a shift in learning paradigm from conventional to sophisticated learning using technology. The development of ICT had clearly improved the education method in classrooms. On the other hand, Mobile devices or mobiles have become the...
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