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The Benefits Of Experiential Learning
i.Using relevant literature discuss the benefits of experiential learning
When I first started this module, I believed that my CV was satisfactory and that my interview ability was of a very high standard, however from my
lessons I understood
ii.Reflection on ACCA workshop
My first impressions on the ACCA work shop, were that they were there to, try to recruit students into the ACCA program over organisations such as
the ICAEW, however true this maybe, the ACCA workshop was actually a very helpful experience.
The learning outcomes from the work shop to maximise our strengths aiding us on our route to long term success. With this in mind we were shown
about a tool called Johari's window, this tool is supposed to improve self–awareness in regards to our strengths and weaknesses. We were told to
separate into pairs as our strengths and weaknesses may not always be apparent to us. I thought this to be a great idea however for myself, nobody in the
room knew me well enough, so I decided to take this concept home to ask people who knew me well to get a better understanding of my strengths and
weaknesses. Before I thought I was very self–aware of my strengths and weaknesses. However there was a lot I learned about myself from my
inquisition.
My strengths, I am genuinely quite aware of, however I didn 't realise how apparent it was to my friends how forward thinking I was, mainly
strategically and how personable I am, with being open, relatable and understanding
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Innovation Management
"If you ever become a marketer, then your friend in the company should be the accountant"
These were the words of advise given to me by my Marketing professor at Red McCombs School of Business in University of Texas, Austin. I recall
this statement every time I think of costs involved in new product development or in every marketing endeavor I undertake.
The above words also applies to all persons leading an Innovation projects: Be it new product development, process improvement or research.
In the world of innovation, accountants & their contribution are one of the least appreciated. A success/failure of an innovation project is credited to
the project manager or product manager or the development manager, but rarely the name of ... Show more content on Helpwriting.net ...
When developing a plan for an innovation project, it is best to sit with an accountant and comeup with a financial plan. Gather the financial information
that determines the viability of the project, at what levels of expenditure the projects become unviable, develop a plan to monitor the project expenses
and constantly review the viability of the project. To do all this, you have to work with the accountant as a partner in progress.
Also remember this: Money speaks louder than ideas!
So if your idea is backed by the accountant, then people will listen to you.
Track all your Costs
Once a project is approved, then managers need to keep a close tab on the costs of the project. But that's in an ideal world.
Reality in most organizations is that product/development managers have little clue of what their current costs are, what their total costs is, and how
much more money will they need to complete the project. I have spoken to several development managers in several fortune–500 companies, and they
don't know their numbers, instead they will talk about the time frame of the project, head count etc., but not the numbers – because they do not know
the numbers and nobody in the organization will ever tell them.
Smaller companies tend to do better. Managers in smaller companies know the costs and therefore can take better and faster decisions.
Understanding all the costs is a
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Sim 335 Managing Project
Brochure ACCA Diploma in International Financial Reporting
ACCA Diploma in International Financial Reporting
This brochure contains detailed information about the ACCA Diploma in International Financial Reporting (DipIFR). Should you have any questions
after reading this brochure, please contact us at BPP Nederland. Contact person : Phone number: e–mail: Iris Calmes MSc RA 020 – 5677823
i.calmes@bppnederland.nl
About the ACCA DipIFR
The Diploma in International Financial Reporting is an internationally recognised qualification in financial accounting using International Financial
Reporting Standards (IFRS / IAS). It is accredited by the ACCA (Association of Certified Chartered Accountants) and is aimed at accounting and...
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As you will sit an official ACCA exam you'll need to register online with the ACCA. You can register by post or online on the ACCA website:
www.accaglobal.com When you register for DipIFR you will automatically be entered for one exam. You do not need to register separately for
Registering with ACCA for DipIFR
Entering for the exam
the exam. However, if you need to re–sit the exam you will need to register for the exam again by: – Sending your registration for to the ACCA by
post or – Registering on–line on yuor MyACCA webpage with your registration number and password In order to take exams in – June: your entry
must be received by the ACCA in Glasgow by 15 April– December: your entry must be received by the ACCA in Glasgow by 15 October – Exam date
in June: June 9, 2011 – Exam date December: to be set by ACCA in first two weeks of December 2011
Important dates
The fee for the DipIFR course is € 2.600, including all course materials. In addition there is a separate registration fee with ACCA of £167, payable
directly to ACCA. Course fee and registration with BPP You can register with BPP for the DipIFR classroom course using the attached registration form.
Detailed course programme Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 and 7 Framework, Accounts preparation and Non Current Assets Group accounts
Inventories, Leases, Provisions, Substance over form Cashflows and Ratios Financial Instruments, Pensions, Deferred tax and Share based payment
DipIFR
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Essay on The Ethical Values Held in Accounting, A...
Every profession faces a multiple of ethical challenges on a daily bases, this can be clearly witnessed in the accounting profession. The main focus of
this literature review is to discuss the ethical values held in this profession and to also explore the ethical challenges that they face. Professional ethics
for accountants is all about making sure that accountants carry out their duties to the highest standard possible and in a very professional manner. A
code of ethics is designed to make sure that ideal behaviour is being carried out and it must be enforceable and realistic. From reading a variety of
literature the core principles of the code of ethics are as follows: integrity, objectivity, professional competence and due care,... Show more content on
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It is the quality from which public trust derives and the benchmark against which a member must ultimately test all decisions.' Smith (2003, p47) From
reading this Smith feels that anyone working in the accounting profession must be trained and equipped to a high standard at implementing moral
judgement so that they can consider the well being of those that will face the consequences of their actions.
Citron (2003) examined how and when these ethical values came about. It
..was developed at a time of mounting levels of criticism of the auditing profession.
Therefore it was a move that the UK Chartered Accountants Joint Ethics Committee felt that was needed in order to make sure that ideal behaviour
was being carried out and to also make sure that all accountants were doing all their work to a high standard.
However like everything when the ethical values that are integrity, objectivity, professional competence and due care, confidentiality and professional
behaviour are complied with, it can still leave accountants to be faced with many potential ethical dilemmas. Jackling, Cooper, Leung and Dellaportas
(2007) carried out an online survey in relation to ethical issues and put it forward to sixty six different professional accounting bodies. They found out
from their research that the largest ethical
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Management Accounting, Chartered Institute Of Management...
Introduction of management accountant
Roles are different for management and Management accountant. Same person could do both, but the roles will completely differ. Thus, Management
accountants support all the decisions made by the managers. They can mix up their roles that they have daily across the departments and multiple
functions. In addition, it includes working for branches of companies that are located in other countries and preparing non–financial and financial work.
Achieving an organisations strategic goals are vital, all the decisions made by management accountants has a huge impact to help them achieve their
goal. Management accountant used to only provide, process and collect information during the year 1950.
For management accounting, Chartered Institute of Management Accountants (CIMA) is one of the world's major professional bodies. Today's
management accountant's role are as follows: formulating business strategy, conducting internal business audits, monitoring financial control, monitor
spending and to explain the impact of the financial outcome of business decisions and the landscape of competitors.
Skill–set of today's management accounting are as follows: communication, planning, risk, analysis and strategy. Communication is vital as it is used to
explain quantitative information to non–financial managers. For planning and budget; accounting technique is applied. Risk is managed and identified.
Business strategy is formulated to create value and
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Cycle For English Reflection
Every cycle for English, we have to write two different reflections relating to the topics we discuss in class. The reflections have to be on two
different days, but they can be on any two days we want. I think the reason behind having us write the reflections about two different days makes us
reflect on the cycle as a whole, rather than a singular, individual day. Also, having us write reflections about two different days could prevent
procrastination, and therefore produces better work. I think the reason behind Doc Mitsuda letting us choose which days we write the reflection on lies
with time management and what happens in class on different days. Some people have different activities on different days, so it could be more
convenient for
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The Role And Role Of Management Accounting
Management accounting is about adding real value to the organization by combining accounting, finance and management with the business skills and
techniques. It involves in management decision making, devising planning and performance management systems. Management accounting provides
expertise in financial reporting and administer to assist management in the formulation and implementation organization's strategy.
The professional body for management accountants CIMA, defines management accounting as 'the application of the principles of accounting and
financial management to create, protect, preserve and increase value for the stakeholders of for profit and non– profit enterprises in the public and
private sectors. Management accounting is ... Show more content on Helpwriting.net ...
However, the function and the objective of cost accounting is similar to management accounting. Hence sometime authors refer to management
accounting and cost accounting as the same.
Main areas involved in management accounting includes costing, Planning, Control, decision making, and performance evaluation. Costing determine
how much it is costing to produce, this helps to determine the selling price. Planning involves defining objectives and assessing future cost and
revenues.
As, management accounting plays a crucial role in every organization, there is a qualified recruit to carry out management accounting. This recruit or
employee is known as management accountant. The role of the management accountant is to handle all financial matters and ensure the organizations
financial security. Management accountants help to drive the business's overall management and strategy and also plays an important role in
determining the status and success of the organization. Management accountant's advice managers on the financial implications of big decision. The
sustainable success of the organization and the solutions to the issues are derived from the information provided by the management accountants.
These information's assist in formulating business strategies and monitoring
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Why to Become a Chartered Accountants
WHY TO BECOME A CHARTERED ACCOUNTANT
Early or late, everyone has to start his vocational life. Its an important event of life because then after an entirely new world starts – THE WORLD OF
WORK. Many courses are available for simple and common vocations which do not require any special skill. Anyone can do them. But ............. TO BE
DIFFERENT IS TO BE RENOWNED......... So if one really wants to do something challenging and diversified, then Chartered Accountancy is the most
dignified profession.
A MISCONCEPTION REMOVED
It was an old image that accountant are boring and old fashioned, they crunch numbers and work in compliance and tax. But the profession of CA has
replaced and upgraded this old image and has created something which has ... Show more content on Helpwriting.net ...
This is the foundation of a set of attributes that lie behind today's CA and makes them unique. These four attributes lie at the heart of the CA brand:–
вћў Insightful: The penetrating mental ability to find the underlying truth. The capacity to simultaneously take a macro and micro view and see a
solution unseen by others. вћў Precise: Focused on delivering clear, accurate, fact based solutions that drive business success. вћў Ethical: The
principles and good judgement to successfully navigate a marketplace characterized by uncertainty and change. The ability to achieve breakthrough
results without breaking the highest standards of professional conduct. вћў Without equal: CA is about status, achievement and always striving to be
the best– it is the reference point from which quality decisions and business excellence are measured. CA has every qualities like intellectual, technical,
functional, personal, inter–personal, communication, organizational and business management. His brain is expanded by serious thinking during his
academic years. He has immense responsibility taking ability and duty–fulfilling power. CA of the 21st century is a new breed of professional, a
strategic thinker and broad
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SAICA Case Study
Tutorial 6
9 September 2014
Name: James
Surname: Gilbert
Student Number: 201404266
Tutorial Group: 1
The Maintenance of the professional status of Chartered Accountancy in South Africa.
SAICA, SAIPA, CIMA and the IRBA are just a few of the professional bodies, or institutions, found in South Africa with the purpose of developing and
maintaining the professional standard of Chartered Accountancy perceived within this nation. The real question is though, how do they do it?
Especially in such a way that sees South Africa renowned for the top seat in Chartered Accountancy standards. To understand how this feat is achieved
it is important to first know what a profession is: A profession is an occupation organized in an institutional form, its members offer client services
based on an intellectual body of knowledge and a specialised repertoire of skills, that are not ordinarily possessed by the non–professional, in order to
explicitly serve public interest. (Lee. 1995, 49) These members are, in addition, required to practice and behave in an ethically and functionally sound
way as set out by the ... Show more content on Helpwriting.net ...
This being an "enforceable law" with regards to the conduct of professionals ensures the further professional conduct of the members of SAICA
and an increase in the public confidence of the profession. The reason that SAICA has been able to set these standards and effectively seclude the
profession and disallow just anyone to practice as a CA, is due to the Royal Charter that enables the CA profession to be recognised as just that.
(Kizlik, 2014) This royal charter effectively is the base that allows all other mechanisms to be developed and allows the profession to maintain and
improve its professional
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Chartered Accountant
Overview A CA (Chartered Accountant) is a professional accountant who has earned the CA title through training and practical experience obtained
from the CICA (Canadian Institute of Chartered Accountants). The institute, which has over 66,000 members, conducts research into current business
issues and sets accounting and auditing standards for all types of businesses. A CA is a complete professional in the field ofAccountancy – informed in
the subjects of Accountancy, Auditing, Business Management, Information Technology, Taxation, Corporate and Commercial Law, Financial
Management, Economics and other linked subjects. Chartered Accountants serve business clients by preparing, reviewing and evaluating financial
statements, ... Show more content on Helpwriting.net ...
Many corporation controllers are CA's. A controller is an upper–level executive whose tasks include planning, coordinating and assessing all activities
in accounting, auditing, financial control and budgeting. A controller is responsible for the organization of the management and supervising their
decision–making. They also participate in devising the financial and administrative policies of the company. Soon enough it may eventually lead to
positions such as Vice–President–Finance or Treasurer and even President.
Government Opportunities
There are also many opportunities for a Chartered Accountant in all levels of government. Federal and provincial departments regularly employ CA's
for such positions as treasurers, chief accountants, auditors, budget analysts, financial management officers and financial analysts. Government
accountants prepare budgets, track costs and analyze financial statements. Most CA's chose to work at firms or corporations other than for the
government mostly because of the pay. They can achieve much more money than the government offers although the government provides many
health and security benefits. CA's have lots of mobility and freedom. It's quite easy for them to quit a job and find another one the next day since there
is a constant demand for experienced CA's. The pay involved in
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Business And Financial Performance Essay
I have always considered obtaining BSc. Honors degree in applied accounting from Oxford Brookes University as an important milestone of my
academic career. In this session I decided to prepare research and analysis project and I chose the following topic: "The business and financial
performance of an organization over a three year Period".
Reasons of choosing Specific Topic, Sector And Company: One of the most imperative reasons that I chose this topic was that this topic was easier to
understand. During my ACCA studies I read different tools and techniques relating to the business and financial analysis so I was in a better position
to work on this area of topic. Another reason for selecting this topic was that I want to pursue my ... Show more content on Helpwriting.net ...
(Rosemary Peavler, n.d.)
Analyze the business performance of the company with help of SWOT analysis. (FTC, 2008)
Identify the impact of environmental factors on the performance of the company with the help of PEST analysis. (Alan Chapman, n.d.)
On the basis of these tools and techniques, I will conclude the business and financial performance of the company.
Research Questions:
What are the necessary skills i.e. analytical, technological required for preparation of this project?
How much time should be assigned to each part?
How will I gather the data related to the company which is reliable?
What are the internal strengths, weaknesses and external opportunities and threats faced by the company?
What is the impact of political, economic, social and technological factors on the performance of the company?
How will I reach out a conclusion with the help of these tools and techniques? (Shane Johnson, 2005)
Overall Approach for the preparation of research and analysis project I planned my research according to the limited amount of time available to me. I
selected accounting and business models which appeared appropriate for the analysis. I also acknowledged different sources of information that would
be required and that they should also be accessible. These sources were
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Essay- Accounting as a Profession
Introductory Part
Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing
financial statements and recording business transactions, including computing costs and efficiency gains from new technologies, participating in
strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and
health care benefits management. They perform these vital functions by offering an increasingly wide array of business and accounting services to their
clients, in order to provide information to them.
Accounting– the best profession
There is a lot to gain from a career in ... Show more content on Helpwriting.net ...
Besides preparing financial statements and recording business transactions, they also calculate costs and efficiency gains for new technologies,
participate in the set up for acquisitions and mergers, and develop IT systems to track financial performance, tax strategy, and employee benefits
management.
There are some options a student can follow in choosing a career in accounting.
Audit
Audit is the bread and butter work of accounting. Accounting auditing careers involve checking accounting ledgers and financial statements within
businesses, public and not–for–profit organizations. Being increasingly computerized, this work can rely on sophisticated random sampling methods.
This provides a solid foundation to future specialist work, and enables us to understand how an organization makes money.
Budget Analysis
A budget analyst develops and manages an organization's financial plans. Besides quantitative skills many budget analyst jobs require good people
skills because of negotiations involved in the work.
Financial
Financial accountants draw information from the general ledgers to prepare financial statements. They also take part in the business's important
financial decisions involving mergers and acquisitions, employee benefits planning and long–term financial projections. This work can vary from week
to
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ICAEW Code Of Ethics Essay
Q1. Critically evaluate the ICAEW Code of Ethics and guidance on Professional Conduct in Relation to Taxation for professional tax accountants.
Introduction about the ICAEW Code of Ethics The purpose of ICAEW code of ethics is to set a professional standard of the ethical obligations that
professional accountants can follow. The professional accountants have a moral obligation to take into account of the public interest and maintain the
reputation of the accounting profession. Personal self–interest must not subject to these obligations. If accountant violates to this code, they will easy to
get disciplinary action. The professional accountant should also comply with the fundamental principles of professional ethics, which are Integrity, ...
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The Ethics code and the guidance is an important complement to the legal system of the accounting, it covers the issues which are tend to fall into the
gray areas, such as behaviors that are not forbidden, yet not specially permitted by the law. (John Wily &Sons, 2015) It cannot be replaced by other
legal accounting system. Strengthen the accounting professional ethics can effectively improve the level of professional accountants. If the accountant
does not have the awareness of this ethics and lack of the professional skills, it will be difficult to ensure the authenticity and reliability of the
information. So the ethics and the guidance played an important supplement to the legal system for accounting. For example, when a tax accountant is
facing a situation where the client wants to fudge their income to avoid paying a high tax. The client may pay the accountant fees for helping them
evade tax. In doing this, the accountant may be long–term benefit, But if their actions are exposed, severe penalties would come. So the ethics code and
guidance constrain the behaviors of accountant. Also, it is a duty for the accountant to reject the illegal actions such as tax evasion.(Swails,2000)
All workers in all professionals are supposed to go beyond the minimum standard that are required by the law. (Maijiu Hamunen,
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Essay about Bookkeeper vs Accountant
Bookkeepers vs Professional Accountants
Many bookkeepers in our world today define themselves as accountants, but what is the difference between a Professional Accountant and a
Bookkeeper? This essay aims discuss and examine the relationship between each of the occupations, examine the differences that sets the two
occupations apart and then explore what makes an accountant a professional in today's world. Comments made by third parties will be looked at in
depth in order to reach a fair conclusion.
Bookkeepers today have an important but restricted role in the business world. Their main role is to record the financial transactions of a business. As
a bookkeeper, you will be employed to sustain all the ledger accounts, and ... Show more content on Helpwriting.net ...
However, if you are a qualified accountant, there are many different sectors in which you can enter into. Directions.gov.uk shows the many different
roles within the accounting profession, these include; "tax accountancy, external audit, internal audit, corporate finance and management accountancy".
Each role differs greatly from another however all are classed under the profession of Accounting.
There are many varieties of personalities within accounting which makes it hard to generalise, but there are fundamental personal & professional
qualities that are essential for success within the profession. To begin with, ACCA paper F1 2008 (p94) states the 5 personal qualities as;
"Reliability, Responsibility, Timeliness, Courtesy and Respect". These are very important as accountants work with people from all walks of life
and it is essential that they gain the trust of their client . To be a reliable accountant, you would have to ensure that your work was up to professional
standards and completed before deadlines. To be a responsible in the profession, you must take ownership of your own work and take fault if
anything happens to it. Timeliness speaks for itself as it requires excellent time keeping whether it be showing up on time for work or meeting
deadlines. The final personal qualities are to have courtesy and
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My Personal Goal Statement in Accounting and Finance
My Personal Goal Statement in Accounting and Finance 'Accounting is like Art'. You have to analyse every aspect before making a just decision.
A teacher of mine once told me that if you were good at art, you would be good at accounts. It was hard to find her logic at first, but after I
choosing to take Principles of Accounts in SPM, it all began to make sense. You need logic; everything has a set order and method. Each piece is
placed carefully and has a high significance amongst its environment. You need analytical skills. Take apart every piece of information and use it to
make your own decisions.
Passing with distinction and I have been awarded Level 2 Certificate in Book–keeping and Accounts, I can proudly ... Show more content on
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During my time with the company, I have gained an award for my doing work performance. My job role involves cash handling, serving customers,
dealing with parents' enquires and complaints, both in person and over the phone as well as teaching. Working so closely with the public has
increased my confidence, and my interpersonal skills as well as giving me an insight into how businesses, especially the retail business, work. I have
not only learnt some skills in teaching but also putting into practice ways of increasing sales and profits at the tuition centre.
I love to play sport whenever I can as it fills me with great enjoyment. I hope to continue being involved in sports at SIM by joining the sport clubs
that are available because playing sport provides me with a good balance in my life between leisure and work which allows me to produce my best
results academically. I plan to keep this balance at institute. Most of my spare time, I enjoy listening to different kinds of music and to help myself
relax and take my mind of things, I like reading magazines and solving logical problems such as Sudoku. I also like going out with family and friends
at least once a week.
As an individual, I have always aspired to higher education at institute as I have a positive and committed attitude to learning new things. The idea of
moving on
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Statement Of Purpose In Accounting
It all started when I was in standard four, my mother asked my ambition and I said that I want to become a cashier in supermarket. Well, I still young
and do not any knowledge regarding accounting. At that time, I only know how to calculate simple calculation. For me, accounting is a basis part in
our life because I am very sure that everyone use this accounting concepts in their daily life. For instances, they check how much money that they had
spent on that day or even a business firms will record their daily transactions whether it gain or loses. The words 'Accounting' begin to develop in
myself when I was in high school. This leads me to the world of accounting. In addition, I become more passionate in accounting and finance because
my father is a sole proprietorship and he own a small chemical substances business so my passion grow more within business. This enable me to
understand some of financial concepts which inspire me to pursue my degree study in university to become a chartered accountant.
My favourite subject is mathematics which it help me to think in order to solve the problems. As time passing by, I become more clear that anyone...
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I have able to handle the data accurately during my Accounting Information System subject. Studying business ethics make me realize into the people
attitude and behavior within the society. Law have given me knowledge of legal system to determine the implication of my action within organizations
when looking and handling the people accounts. Financial Reporting Accounting taught me more than I could imagined, which it broaden my
knowledge in different aspects and concepts of accounts whether in ledger account, partnership dissolution account or company transactions. Besides,
this enhance my problem solving and analyzing skills. Overall, I had gain my confident when assignment presentation and think more
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Integrated Reporting Of Nigeri Where We Are Coming From
4.0 INTEGRATED REPORTING IN NIGERIA: WHERE WE ARE COMING FROM 4.1 PRACTICES & PLAYERS Accounting principles as
practiced in Nigeria has its origin in Britain due to the colonial influence and the early influence of accountants of Nigerian origin who were
practising in the UK. These accountants were made a move to institutionalize accounting in Nigeria and therefore designed the framework of
accounting practice based on their current inclination. Association of Accountants in Nigeria (AAN) [1] the progenitor of ICAN was formed in
1960. ICAN herself did not come into existence until September 1, 1965 [ 2]. This officially set the ball rolling for the regulation of accounting
practice in Nigeria. ICAN is not the only professional accountancy association regulating the practice of the profession in Nigeria though it has
remained dominant over the years. The other being Association of National Accountants of Nigeria (ANAN) which was chartered on 25th August,
1993 [3]. Relations between the two bodies has been anything but cordial as ICAN sought to void the decree establishing the other body in order to
have sole control over the regulation of accountants and accounting profession in Nigeria. In November 2007 this attempt failed as the Federal High
court in Lagos dismissed the suit. [4] 4.2 POOR REGULATIONS AND REGULATORY FRAME WORK Despite the controversies in the practice of
accounting profession, in–roads were made towards strengthening the regulation of financial reporting
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Code Of Ethics And The Laws Of The Accounting Profession...
Critically reflect on the arguments as to why a code of ethics is essential to support the regulation of the accounting profession in New Zealand.
Introduction
Code of Ethics display the ideal qualities that one should follow and demonstrate, in the accounting profession. It lays down the expected standards, and
are based on personal characteristics and behavior. According to New Zealand Institute of Chartered Accountants Act 1996 the five fundamental
principles in the Code of Ethics are integrity, objectivity, professional competence and due care, confidentiality and professional behavior (NZICA,
2013). These five principles aim at guiding an accountant in a moralistic way. Although it highlights the general expectations of an accountant, it is
designed to benefit the wider accounting network. The Code of Ethics can also be thought of as a perfect role model, which accountants use to compare
themselves against. The Code of Ethics is vital to the accounting profession because it helps keep a controlled, safe and positive working environment.
Discussion
Integrity is one of the fundamental principle, which is responsible for securing and maintaining confidence among the public, and also internally
through professionalism. In the Code of Ethics, integrity is defined to be, the key to building a network of good trust, and also personal characteristics
that distances one from taking advantage personally (Velayutham,2003).Generally we can assume that integrity is directly
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The Field I Have Chosen Essay
Gabrielle Wallace– 2714875 The field I have chosen is accountants in New Zealand. Everyone has skills and predispositions, ever since I have been a
little girl I have been meticulous with numbers, and accounting gives me the opportunity to use my skills. I want to become a senior accountant and
carry on the family business one day. I am currently studying accounting at university, specialising in taxation and corporate accounting. This essay
will give me the opportunity to explore the accounting industry, it will give me a better edge when I go and work for Ernst and Young this summer.
The forces I will be discussing are women in accounting, deskilling labour, globalisation and data to decision making. The face of the accounting
profession is changing, there are a growing number of females entering the accounting industry. Previously it retained the image of a male–dominated
industry; recently there has been a skew that is noticeably female with women now making up 42% of the industry according to the NZICA
According to the New Zealand Institute of Chartered Accountants, the number of women in accounting has risen by 5% in 2012 and is forecasted to
grow. Female accountants are paid less than men according to the New Zealand Institute of Chartered Accountants. In 2013, NCIA reported that on
average there is a 26% income difference between men and women . This can be accredited to the reason that well paying jobs like accountants allow
flexibility which can be
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Australian Tax Compliance And Laws For Individuals And...
Broadly skilled finance professional with over 3 years experience in both accounting and taxation. Thorough understanding of Australian tax compliance
and laws for individuals and companies. Excellent financial reporting skills, building meaningful financial information and reports that can be
presented to financial and non–financial members. Benefits from Chartered and Commercial environments, whilst quickly demonstrating the versatility
to adapt to both. Pro–active communicator, confidently developing relationships both internally and externally, and liaising with all levels of staff.
Financial & Statutory ReportingTax Advice & ComplianceCorporate & Capital Gains Tax
Fixed Asset RegistersFinancial Forecasts/ProjectionsCash Flow Statements
Cost ManagementHigh NetWorth Client TaxBusiness Structuring
Investigative AnalysisFixed Asset MaintenanceSuperannuation Returns
FBT, GST, BAS, IAS & PAYGClient Relationship ManagementATO Legislation Translation
Qualifications & Education:
StudyingCPA Qualification | Six papers completed with two subject left.
2012Certificate III in Business | Navitas Workplace Solutions, Melbourne, VIC
2011Master of Practising Accounting | Swinburne University of Technology, Melbourne, VIC
Academic Awards:
Top Student Award | Swinburne University, Melbourne, VIC, for excellent performance, Semester 1, 2011
Certificate of Excellence | Highest result in Strategic Cost Management, Swinburne,
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Audit Quality
AUDIT QUALITY
A BRIEF DISCUSSION REGARDING THE QUALITY OF ASSURANCE AND AUDIT Student ID: 1204335 Xiaoyu ZHENG
AUDIT QUALITY
A BR IEF D ISC US SI ON R EGAR D IN G THE QUAL IT Y OF A S SUR A N CE AN D A UD IT
A
INTRODUCTION
uditing has inevitably become one of the essential activities in the current business world. It may be attributable to the fact that financial reports still
remain the major criteria in evaluating the performance of
the business. Audit quality refers to different denotations in various business sectors; hence in this paper deliberations of audit quality are limited to
professional audit firms within the scheme of Australian Securities and Investments Commission (hereinafter ASIC). Due to the complexity... Show
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2
AUDIT QUALITY
However, it is not appropriate to neglect contributions from the APESB in assisting the assurance of audit quality. It is the fundamental flaw of the
ethical standards of all types that hinders the full efficacy of ethical standards on the quality of auditing processes. Ethical standards still serve as
dynamic supports to legal framework. Both the staffs from the audit firm and audit regulators are required to review auditing processes to compensate
the imperfection of legal framework and code of ethics.
3
DUE CARE & PERFORMANCES
As per discussed above, it is essential that due care and performances such as professional qualities and expertise from auditors themselves and staffs
in the firm as well as the audit regulator ASIC are critical in the assurance of audit quality. According to Leung, Coram and Cooper, audit quality could
be compromised due to pressures faced by the auditors (2011). They backed up such statement with stunning percentage of non–verifiable opinions in
the auditing processes from both national accounting forms of 20%
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Personal Statement Essay: My Passion For Accounting
A knowledge of Accounting is useful for everyone. It can be used in their daily life to manage their salary wisely, to know how much money they
have with them or how much money they have spent. They can also be a better investor if they have this knowledge. As for me, my passion for
accounting started in secondary school. When I was 16, I needed to choose whether to pursue my studies in Pure Science stream or Social Science
stream. I choose the latter, even though I was a Science student because I enjoy trying something different. I was also eager to learn and know more
about accounting, of which I have heard a lot about. As a beginner, I faced some difficulties in taking a new subject. Not surprisingly perhaps, I did not
really perform in... Show more content on Helpwriting.net ...
The reason why I choose this field is I can see that every company needs an accountant to manage their finance and to consult them about business and
almost every day, new businesses are created and existing businesses expand. Furthermore, being an accountant, I would be able to run my own
business as I would have the knowledge and skill to manage and lead the business. It can be seen that this Accounting course will give me a wider
variety of career options which will allow me to choose job with the best prospects and for which I am most passionate about. To broaden my
knowledge, I have read a different number of books. One of them was "Midas Touch" written by Donald J.Trump and Robert T.Kiyosaki. This book is
not about business, it is about what it takes to become a successful entrepreneur which in my opinion, the characteristic of an entrepreneur is similar to
an accountant. Reading these books give me an extra knowledge that is not covered in school and has strengthened my desire to further my study in
accounting. Since I am genuinely interested in Accountancy, this will increase my chances of doing well in the course since my motivation will be
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Manual on Forensic Accounting
FORENSIC ACCOUNTING
Introduction
Necessity is the mother of all inventions. Yes, it is the growing arena of business and surging number of white–collar crimes that have paved the way
for the development of Forensic Accounting.
According to AICPA, "Forensic Accounting is the application of accounting principles, theories and discipline to facts or hypothesis at issues in a legal
dispute and encompasses every branch of accounting knowledge."
According to The Accountant's Handbook on Fraud and Commercial Crime, Forensic Accounting is the application of financial skills and an
investigative mentality to unresolved issues, conducted within the context of the rules of evidence.
Forensic Accounting borrows knowledge from Accounting,... Show more content on Helpwriting.net ...
It is a relative thing, that is where fraud and forensic crossed each other's path.
Fraud doesn't necessarily end up in court, but forensic accountant has to make evidence suitable for admission in court. It is a stereotype thing, as long
as auditors are concerned, audit report is supposed to be a mere true and fair view of an account, but when if you are to prove or disprove an allegation
of fraud, there must be a forensic accounting investigation and report. It might have been tampered with, ours is not to determine whether the suspect
is guilty or not, but to give a better interpretation to the evidences. It impacts on the financial sector of the economy.
There are lots of procedures in forensic that you cannot violate like that chain of command, you have to know how the evidences were taken and
preserved to avoid cases of tampering with evidence in our court.
One major weapon accountants have is the use of questions or the interview technique in conducting auditing jobs; there is no way you can start
working without questioning, that is the most critical thing, but not many accountants know its utmost usage, in forensic, we call this embedded
incompetence. What actually determines the success of the forensic report is the interview technique.
Forensic Accounting ensures:
(a)Assessment of the damages caused
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Reflection On Professional Development
In this short essay my own personal view on professional development will be made evident through reviewing past experiences, allowing
recommendations for better practice to occur. Other topics discussed and analysed will be; the structure of the organisation, the effectiveness on
leadership and management. My own role within the organisational structure will be reflected on, considering the impact of skills in practice, further,
justifying what I will need for future personal and professional development.
Reflective practice is an important tool, as people learn from their own professional experiences (Pascal and Brown, 2009). Reflection provides
opportunity for furthering personal and professional development (Nganga, 2011). As it helps to certify knowledge skills and experience that is used
within practice (Freire, 1972).
Boud, Keogh and Walker (1985) states that, looking through past and present experiences helps with progression in the future. The reflection on
practice is finding the weaknesses and overcoming them (Dyer and Taylor, 2012).
Johns (2000) situates that a number of models can help to structure a reflection. As they provide a framework that helps develop a deeper
understanding and analysis. One reflective model is SchГ¶n (2002) the model of reflection–in–action and reflection–on–action. This model is
beneficial to use as it involves working on getting to the bottom of what is happening in the experience process, such as; the decisions made and the
feelings felt at that time of the event. Reflection–on–action involves looking over the event and drawing on professional knowledge to understand
what happened and why it happened and to develop deeper knowledge (Thompson and Pascal, 2012). However, this is not the only model that could
be used. Other models such as Kolb (1984), Gibbs (1988) and Brookfield (1995) have different frameworks to help breakdown an issue.
I like to use Schön (2002) model in the workplace as I am thinking about what I am doing as I am doing it. This does not provide a lot of time to
think in depth and to break the event down, leading to not gaining a better understanding of what happened, without this I have no targets to better my
professional development.
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399 Tutorial 5 Essay
ACCG 399: Accounting in Context
Accounting's Positivistic Tendencies: Overlaying a Social Science
With Pure Scientific Rationale
Tutorial 5 – Week 6
This written Comprehensive Professional Portfolio is comprised of individual and group tasks which are to be completed within tutorials and will
require further work and writing up outside of the classroom. These set of tutorial activities extending till the end of the session, are intended to take
you through a learning journey of exploration and development. They have been specifically designed to incorporate not only a real–life perspective to
your university learning but also to further enhance graduate capabilities such as your ability to engage in critical, analytical and ... Show more content
on Helpwriting.net ...
I believe that anyone watching just the first part of this documentary can make the assumption that we were going downhill with all these unstable
inventions that were supposed to bring in more turmoil for the rest of the world. In order to reporting accuracy, they interview lots of people to
indicated this fact rather than merely provide neutral opinion. In addition, the film illustrates some data and provides some powerful reports to support
their viewpoint. The following parts also explain the main factors result in the financial crisis, and the economic recession. The film also emphasis on
the investor and related parties should burdened accountability what the challenge we need to face.
Positive accounting theory refers to the branch of academic research in accounting[–>0] that seeks to explain and predict actual accounting practices.
These contrasts with normative accounting[–>1] theory, that seeks to derive and prescribe "optimal" accounting standards. In other words, the
accountant should to obey the standard accounting rules and regulation to prepare financial report and they must utilize optimal accounting standards.
But in this film, lots of accountants prepare the misleading financial report, which make the potential investors and shareholders believe that companies
still operate profitability, and on–going development. Actually, the companies already make huge
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The Role of Auditors in a Firm
Audit is determined by a formal examination of a firm's financial records, inspection of its accounts and other related documents by accountants called
auditors. Basically, auditing is a controlled process which includes professional judgment and requires applying of analytical skills. Also, it involves
appropriate forms of expertise and its approaching. A team with professional skills perform this task according to the relevant standards, for instance,
International Standards on Auditing (ISAs), International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards
(IPSAS) or International Standards on Quality Control (ISQCs) and other applicable equivalents.
The role of auditor as a specialist is to review the company's accounts in order to certify the legitimacy and validity of its financial records. They work
in the places like independent certified organisations or accounting departments. Furthermore, auditors can give an advice and warn about possible
risks and cost savings that company could made. As money going in and out of organisations, auditors examine the records and check if it is processed
correctly. Their obligations also include visiting factories for checking stocks and companies' equipment.
Actually, there could be internal or external auditors. Considering internal, they work for specialized firms, large corporations or charities and as a part
of a company's accounting team. That is to say, internal auditors perform in the
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History Of Accounting Essays
Once upon a time, Luca Pacioli wrote a math book. It was just a little survey and should have been treated like ordinary books of the time and read
and then disappeared into historical archives and forgotten. A few brief chapters on practical mathematics made this one special.
The time was 1494. Columbus had discovered America just two years before. The author was a Franciscan monk.
The chapter on practical mathematics addressed mathematics in business. He said that the successful merchant needs three things: sufficient cash or
credit, an accounting system that can tell him how heВЎВЇs doing, and good bookkeeper to operate it. His accounting system consisted of journals and
ledgers. It rested on the invention of double–entry ... Show more content on Helpwriting.net ...
Citing the needs of courts to employ public accountants ВЎВ°to aid those Courts in their investigation of matters of accountingВЎВ± select
accountants were titled ВЎВ°Chartered Accountants.ВЎВ± The US equivalent title is ВЎВ°Certified Public AccountantВЎВ±. These titles are used to
this day.
The arrival of the income tax laws were another major event in accounting history. Attorneys naturally thought that since income tax returns were legal
documents, they would have exclusive rights to prepare them. Accountants replied that since that the bulk of the work in preparing a return involved
accounting calculations, they were more properly accounting work.
The substance of the tasks trumped legal argumentation. US law firms in the 1920ВЎВЇs were slow to incorporate income tax preparations into their
business skills. Public accountants saw a new lucrative opportunity and jumped into tax work with both feet. By the time the lawyers challenged the
accountants for practicing law without a license, income tax preparation had been so thoroughly identified with accountants that they lost the case.
The Great Depression rocked the integrity of the accounting profession. The British Steamship Company was just one of the large world giants that
went bankrupt just after posting large profits. ВЎВ°How could profitable companies go bankrupt?ВЎВ± Investors asked. Court cases showed that the
economic reality was that the companies werenВЎВЇt profitable after all. The profits were the result of
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The Role Of Management Accountants And The Past And Recent...
The role of management accountant has been attracting a lot of interest since the principle of scientific management was published by Frederick
Winslow Taylor in 1911, which marked the birth of management accounting theory. When researching the roles of management accountant in both past
and recent years, it is obvious to find that things have changed a lot. This essay is going to briefly introduce both the past and the recent roles of
management accountants first. Then discuss the reasons for management accountants' changing role. After that the analysis of the advantages this
changing role will bring about and the limitations it has will be given. Finally, some suggestions about how to treat this changing role in today's
economic environment will be offered.
In past years, traditional management accountants are "score–keepers", they provide information to facilitate the process of assessing organization's
actual performance against its planned activity (Burns, Quinn, Warren, & Oliveira, 2010). They mainly make people do what they are expected to do.
While now they are acting as internal consultants of the company. They spend less time on routine tasks and more time on giving advice to managers
to help them to develop a business–sensitivity in making decisions.
There are many factors facilitating the change in the role of management accountants. From external aspects, firstly, with the rapid development in
science and technology, more and more advanced and easy–to–use
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Pharmaceuticals Plc Case Study
The objective of every organization is to make profit, remain viable and have a guaranteed going concern. Therefore, it is necessary to analyse the
business and financial performance of an organization at every point in the interest of stakeholders.
For a well detailed analysis of an organization, it is very important that not only the financial performance is considered but the business in context. This
is because the financial performance and the business context of an organization are interrelated, any effect or change to the business context can have
a direct impact on the financial performance of the organization.
1.2 TOPIC SELECTION AND ITS REASON FOR ITS SELECTION
The accounting profession mostly deals with the analysis of Business and ... Show more content on Helpwriting.net ...
The questions are:
What is the financial and business performance of Alliance Pharmaceuticals Plc in comparison with its competitor GW Pharmaceuticals Plc?
What are major factors/features existing in Alliance Pharmaceuticals Plc internal and external business environment affecting its business performance?
What is the liquidity and profitability level of Alliance Pharmaceuticals Plc?
What recommendations can be offered to Alliance Pharmaceuticals Plc for further improving its performance?
1.7 RESEARCH APROACH
A comprehensive analysis of an organization can only be carried out by analysing its financial and business performance. This can be achieved by the
use of quantitative as well as qualitative analysis techniques for evaluating financial and business performance. There are various techniques to
measure financial performance of an organization the most common which I will be using is the ratio analysis for quantitative analysis. For qualitative
analysis, I will be using SWOT and PEST
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Comparing a Chartered Public Accountant and a Chartered...
Accountant
Career Demand The public accountant provides a range of accounting and auditing services to everyone from individual taxpayers to businesses.
Accountants can even become more specialized and become auditors and government accountants. Accounting is typically a 9–5 weekday job, as those
are the hours that most businesses operate. Some overtime is typically required if there is an audit or it is tax season. The primary roles of a public
accountant can be divided into three distinct jobs. The first job, and the most commonly accomplished, is known as performing external audits of
companies (Public Accountant Job Description). Under Sarbanes–Oxley, United States businesses must submit a full audit of their company's annual
budget sheets along with many other financial documents to an external accountant who reviews the documents and certifies that the reports are
accurate (Zhang, 2007). The second job that accountants have is offering tax services to the public (Public Accountant Job Description). Often citizens
prefer that an accountant complete their taxes annually, especially if that person is self–employed. The third job that accountants complete is consult
services. Often corporate and estate–planning law firms willl hire accountants to assist in creating ideal wealth management options for clients and
ensure that those options are in agreement with current tax laws.
Educational Requirements There is no formal educational requirement to become an
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Accounting System And The Roman Empire
Another Society with their own intricate accounting system was the Roman Empire. This comes as no surprise because of the scope and size of the
Roman Empire; accounting was once again a necessity to a well–maintained society. There is evidence of comprehensive financial statements in the
rule of Emperor Augustus circa 63 BC–14 AD. These statements included information on expenses on "statistics concerning the provinces and
dependent kingdoms; direct and indirect taxation; as well as recurrent expenditures and gifts", as well as, "the amounts of cash in the Aerarium...and in
the hands of the publicani" (Oldroyd, "The Role...", 1995). The Aerarium was the treasury, and the publicani was the public. These are similar to what
the Chinese had because they were used by the government to go about completing the financing and running of the empire. These figures could be
used to make it easier to track all the expenses and revenues of the government. The government was not the only ones to keep accounting records in the
Roman Empire either. Account books were kept by those look to maintain and achieve citizenship. It is believed that "men of property at Rome often
did write up their permanent account–books about every month." They were required to do this to maintain their citizenship because citizenship was
tied to the amount of property owned and this meant a need to keep records of it. (Oldroyd, "The Role...", 1995). As well as citizens, accounting was a
necessity for the soldier of
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Summer Training Undertaken At E.h Ansari & Co
A PROJECT REPORT ON SUMMER TRAINING UNDERTAKEN AT E.H ANSARI & CO. CHARTERED ACCOUNTANT In partial fulfilment for
the award of the degree of Bachelors of COMMERCE (BCOM) Honours Submitted by Priyanka Singh A3146913024 Batch of 2014–16 At AMITY
UNIVERSITY NOIDA June–July 2015 DECLARATION I, PRIYANKA SINGH student of AMITY UNIVERSITY, NOIDA in BCOM (Honours),
hereby declare that, this Project Report under the title SUMMER TRAINING is the record of my original work under the guidance of CA Mr.
E.H Ansari. This report has never been submitted anywhere else for award of any degree. Signature of the Student: Place: noida Date:
ACKNOWLEDGEMENT It is a great opportunity & pleasure for me to express my profound gratitude towards all the individuals who directly or
indirectly contributed towards completion of this report. Working on this report was a challenges and a new exposure in the corporate world. I am
greatly in debated to Mr. E.H Ansari under whose guidance and concern I am able to bring the report into its real shape. I am thankful to DR.
ADARSH ARORA and all faculty members of ACCF Department in providing me useful guidance for the completion of this report. I convey my
gratitude to all those who are directly or indirectly related in the completion of this project report. Priyanka Singh Roll No:
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Who Are The Regulatory Accounting Bodies Of A Chartered...
Task One : 1)Who are the regulatory accounting bodies in NZ? NZICA and NZASB are the two most popular regulatory accounting bodies in New
Zealand . NZICA : The New Zealand Institute of Chartered Accountants (NZICA) is the representing name for the Institute of Chartered Accountants
of New Zealand. The Institute is representing over 35,000 members in New Zealand and overseas. Most accountants of New Zealand belong to this
Institute. NZICA is previously known as New Zealand Society of Accountants. NZASB : The New Zealand Accounting Standards Board (NZASB),
The NZASB has delegated authority from the XRB(External reporting Board) Board to develop or adopt and issue accounting standards for general
purpose financial reporting in New Zealand. In doing so the NZASB must function with the financial reporting strategy established by the XRB Board.
2)What is the role of the NZASB and NZICA and how do they impact accounting practices in NZ? The Role of NZASB is to establish accounting
standards for general purpose financial reporting which will encourage the preparation of financial reports that engenders confidence in New Zealand
financial reporting, assists entities to compete internationally, and enhances entities accountability to stakeholders. The Role of NZICA is to develops
and promulgates ethical rules, professional and ethical standards and related guidance and contributing through advocacy to the development of
national financial reporting standards and international
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A Brief Note On The Association Of Chartered Accountants
Nowadays, accountancy sector seems to be more and more attractive to students as accountant is considered as the 'best job' in the world according to
a survey of LV Company (2013). Therefore, in that competitive position, with most students who are majoring in this area, achieving a qualification
from a particular professional body is generally considers as their first aim to the colossal success of career in accountancy. By being qualified, students
might be recognised and obtained more global opportunities in business career in such a competitive accounting industry. ACCA and CIMA are two
standout accounting bodies which award people those qualifications. ACCA and CIMA have their own policies and operation systems. This essay will
... Show more content on Helpwriting.net ...
CIMA is having 218000 members and students in 177 countries (CIMA, 2014).
In percentage data, ACCA is nearly double CIMA about worldwide members as ACCA is holding 40% worldwide members while CIMA has only
23% (ACCA Brochure, 2014). However, if the degree of growth of total students and members recently is taken in to consideration, CIMA has the
largest growth in POB members including ACCA (CIMA, 2014).
Firstly, candidates of both ACCA and CIMA have to get through strict examination systems before being recognized by these two institutes'
qualifications.
ACCA has 400 exam centres around the world and their exams are taken place twice annually in June and December (ACCA Global, 2014). There
are two levels in ACCA assessing scheme and they are fundamental level and professional level (ACCA brochure, 2014). Applicants have to
complete all three exams of knowledge and six exams of skills in fundamental level in order to move into professional level which includes three
exams of essential and two in four optional exams (ACCA, 2014a).
CIMA examination system is completely different from ACCA. CIMA Global (2014a) has showed that their new syllabus for 2015 would have
covered several new topics such as sustainability, integrated reporting and so on for three levels of the process which are operational level,
management level and strategic level.
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The Ethical Guidelines Provided By The Cima Provides...
The ethical guidelines provided by the CIMA provides different conflict resolutions. Examples of the different conflict resolutions that the CIMA
offers are; considering facts for proper identification and then applying the proper course of actions once determined. The facts need to be relevant
fact and there needs to be different ethical issues involved. There are also different essential principles that should be related to the matters that are
being questioned. The CIMA also suggests that there needs to be internal procedures established and also an alternative course of action should be
established incase anything were to happen. The CIMA provides a meeting or session with the right person within their organization or even a board of
... Show more content on Helpwriting.net ...
It also provides opportunities for getting disassociated with such engagements or engagement teams so that conflict can be resolved in a more efficient
and faster matter.
Define facilitating payments and bribes. Discuss the difference between them. Which are all allowed and which are prohibited? Explain
A payment made by a citizen to a government official for expedite the process of government facilities for who is entitled called facilitation payment
in U.S. but in some other countries these payments called bribe. These payments are extra burden on companies or individuals. Both payments are not
good as per ethics. This fee only applies when the payment if made to speed up the government's action. There are several different classifications
that can be considered a facilitation payment and these vary in many ways. Section 162 C of FCPA act defined the bribe and facilitation payments.
If a company made a payment to a foreign government official or employees which is unlawful under sec 162 c of FCPA Act called bribe. Bribes
can be paid by money or other things in place of money for influencing government decision. The payment of bribe is considered unlawful under
FCPA act, so it is not allowed as deduction under income tax as expenses. A payment made to Government official to expedite the process of
government facilities for whose otherwise company or
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The Career Of An Accountant
Commerce assignment 2015 due 18th of march
Vocation investigation
Joseph caccamo
Career: accountant
Qualifications: there are a number of qualifications you need to undertake the career of an accountant. Core knowledge areas needed are accounting
systems and processes, financial accounting, and management accounting these are essential for a career in accounting. Other areas of knowledge are
optional so you don't have to do them but they would help you pursue your career in accounting. Things such as commercial law, corporation's law,
accounting information systems and more. The career of accounting is available through a bachelor of commerce. Different types of accountants have to
attend different subjects because they need some subjects ... Show more content on Helpwriting.net ...
It also offers you the flexibility to combine specialty study in a wide range of majors, allowing you to change what you do to suit your career wants
and help you to get where you want to go.
University of Melbourne the required atar for 2015 is 87 but a guaranteed entry if you score and atar of 95 and above the course is 3 years full time
and part time is optional. As a Commerce student you will get comprehensive business training and have the chance to explore complementary
disciplines. There are seven Commerce majors available, and many elective subjects to choose from. For domestic and international students. There is
access for scholarships for the bachelor of commerce. The fee per year is determined by how many subjects you are doing. Need English requirements
for course.
Macquarie University the required atar is 81 the duration of the course is 3 years full time and part time optional. This degree prepares you to
become a business professional in a wide range of careers. This degree gives you a comprehensive understanding of all business functions and a set of
practical skills to succeed as a professional. For domestic and international students. Key features of the university course Macquarie business and
commerce graduates are sought after by industry. Specialise in one or two distinct areas of
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Accounting Admission Essay Sample
For me accounting is personal. As an immigrant, life has seldom been easy. It has been marked by continuous sacrifice, unfamiliar settings, and
unnerving trials. From an early age I witnessed my parents painstakingly keep track of their income and expenses in order to make ends meet. Such
trying moments were the early signs of my inclination towards accounting. In essence, these painful experiences stirred something within me,
something that culminated into a passion. After exposure to numerous accountants and academic courses, I was firmly convinced accounting was my
calling. In pursuing my calling, I attended Miami Dade Honors College and earned an Associate of Arts Degree in Accounting. Afterwards, I
transferred to Florida International University, where I hope to acquire my Bachelor of Accounting in April 2018.... Show more content on
Helpwriting.net ...
However, a good education never comes cheap. With today's ever increasing tuition costs, paying for graduate school is my greatest challenge.
Coming from a low income household, my family struggles financially, living paycheck to paycheck, hoping emergencies do not find their way onto
our doorstep. For that reason, being an EY Scholar would help me exponentially in pursuing my academic endeavors and career goals without
hindrances. What is more, being an EY Scholar will allow me to reach my full potential, clearing the path for me to dedicate time solely to my studies
and bringing diversity to the institution's social community through involvement in extracurricular activities. As an EY Scholar, I will be surrounded
by other passionate, like–minded individuals who will stop at nothing to achieve their goals. Taking part in this program will help me develop my
professional network and build connections, as well as providing me with career guidance through
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Essay on The Three Main Accounting Professions
This report is on the three main accounting professions. I will be talking about CA, CGA and CMA and what they do for a living. These three
accounting professions may seem the same but I will be explaining how they are different. I will discuss all of these details in my report.
I'll start off talking about the roles and duties of these three accounting professions. A CharteredAccountant's role or purpose is "providing professional
advice, aiming to maximise profitability on behalf of their client or employer and undertaking financial audits"1. A Chartered Accountant has many
things to do for a living. They have to review the company systems and analyze the risks involved, perform tests to check financial information, advise
... Show more content on Helpwriting.net ...
In addition to this they have to "ensure future stability, growth and profitability" of a business 7.
Next, these three accounting designations differ from each other because they all have different roles and responsibilities to commit to. A Chartered
Accountant job differs from the other two accounting designations because their purpose is to provide advice on how businesses can earn more money
and find any forensic accounting in the business. 2. ACertified General Accountant job differs from the other two accounting designations because their
purpose is to help businesses save money and carry out any financial activities from their respective business 3. A Certified Management Accountant job
differs from the other two accounting designations because their purpose is to help a business grow, be stable and make more profit in the long term 7.
These reasons explain why these three accounting designations differ. The life of an accountant is important but what is more important is how they
get the job. I'll be discussing the employment of these three accountants. A Chartered Accountant works in many industries and businesses 8. They tend
to work in commerce businesses but could also work overseas, at the government and public practice 8. Chartered Accountants are
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The Role Of Accounting And Possible Future Of Accountancy...
Introduction
Traditionally, accounting has a role to play in preparing financial reports, and tax preparation manually (Zodage, 2015). According to World Report's
Best Jobs (2014, cited in Hood (2014)), the accountancy was recognised as the third rank of the best professionals, and it is one in all careers having
high demand (Hood, 2014). Nevertheless, the business practices and the environment have continuously changed and reshaped aspects of the
accountancy profession (Wolters Kluwer, 2014). Some critics argued that services relating to accounting will be inevitably replaced by technology
(Chartered Accountants Australia and New Zealand, 2015). Conversely, others believe that this career will still exist; however, the role of accountants
will be altered along with the changing in the business environment (Towers, 2015). This report will present the crucial factors impacting the traditional
approach of professional accounting and possible future of accountancy.
Factors Disrupting Accounting Profession in the Future
в—Џ The development of technology
Advanced technologies are crucial factors causing a major change in accounting areas (Guthrie & Parker, 2016). Since the development of technology
will certainly grow, accountants will obtain various benefits from embracing it. For example, cloud–based technology allows the professionals to adopt
cheaper software, access to mobility of workplace and obtain real–time data (Nixon, 2015). In contrast, Nixon
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The Benefits of Experiential Learning

  • 1. The Benefits Of Experiential Learning i.Using relevant literature discuss the benefits of experiential learning When I first started this module, I believed that my CV was satisfactory and that my interview ability was of a very high standard, however from my lessons I understood ii.Reflection on ACCA workshop My first impressions on the ACCA work shop, were that they were there to, try to recruit students into the ACCA program over organisations such as the ICAEW, however true this maybe, the ACCA workshop was actually a very helpful experience. The learning outcomes from the work shop to maximise our strengths aiding us on our route to long term success. With this in mind we were shown about a tool called Johari's window, this tool is supposed to improve self–awareness in regards to our strengths and weaknesses. We were told to separate into pairs as our strengths and weaknesses may not always be apparent to us. I thought this to be a great idea however for myself, nobody in the room knew me well enough, so I decided to take this concept home to ask people who knew me well to get a better understanding of my strengths and weaknesses. Before I thought I was very self–aware of my strengths and weaknesses. However there was a lot I learned about myself from my inquisition. My strengths, I am genuinely quite aware of, however I didn 't realise how apparent it was to my friends how forward thinking I was, mainly strategically and how personable I am, with being open, relatable and understanding ... Get more on HelpWriting.net ...
  • 2. Innovation Management "If you ever become a marketer, then your friend in the company should be the accountant" These were the words of advise given to me by my Marketing professor at Red McCombs School of Business in University of Texas, Austin. I recall this statement every time I think of costs involved in new product development or in every marketing endeavor I undertake. The above words also applies to all persons leading an Innovation projects: Be it new product development, process improvement or research. In the world of innovation, accountants & their contribution are one of the least appreciated. A success/failure of an innovation project is credited to the project manager or product manager or the development manager, but rarely the name of ... Show more content on Helpwriting.net ... When developing a plan for an innovation project, it is best to sit with an accountant and comeup with a financial plan. Gather the financial information that determines the viability of the project, at what levels of expenditure the projects become unviable, develop a plan to monitor the project expenses and constantly review the viability of the project. To do all this, you have to work with the accountant as a partner in progress. Also remember this: Money speaks louder than ideas! So if your idea is backed by the accountant, then people will listen to you. Track all your Costs Once a project is approved, then managers need to keep a close tab on the costs of the project. But that's in an ideal world. Reality in most organizations is that product/development managers have little clue of what their current costs are, what their total costs is, and how much more money will they need to complete the project. I have spoken to several development managers in several fortune–500 companies, and they don't know their numbers, instead they will talk about the time frame of the project, head count etc., but not the numbers – because they do not know the numbers and nobody in the organization will ever tell them. Smaller companies tend to do better. Managers in smaller companies know the costs and therefore can take better and faster decisions. Understanding all the costs is a
  • 3. ... Get more on HelpWriting.net ...
  • 4. Sim 335 Managing Project Brochure ACCA Diploma in International Financial Reporting ACCA Diploma in International Financial Reporting This brochure contains detailed information about the ACCA Diploma in International Financial Reporting (DipIFR). Should you have any questions after reading this brochure, please contact us at BPP Nederland. Contact person : Phone number: e–mail: Iris Calmes MSc RA 020 – 5677823 i.calmes@bppnederland.nl About the ACCA DipIFR The Diploma in International Financial Reporting is an internationally recognised qualification in financial accounting using International Financial Reporting Standards (IFRS / IAS). It is accredited by the ACCA (Association of Certified Chartered Accountants) and is aimed at accounting and... Show more content on Helpwriting.net ... As you will sit an official ACCA exam you'll need to register online with the ACCA. You can register by post or online on the ACCA website: www.accaglobal.com When you register for DipIFR you will automatically be entered for one exam. You do not need to register separately for Registering with ACCA for DipIFR Entering for the exam the exam. However, if you need to re–sit the exam you will need to register for the exam again by: – Sending your registration for to the ACCA by post or – Registering on–line on yuor MyACCA webpage with your registration number and password In order to take exams in – June: your entry must be received by the ACCA in Glasgow by 15 April– December: your entry must be received by the ACCA in Glasgow by 15 October – Exam date in June: June 9, 2011 – Exam date December: to be set by ACCA in first two weeks of December 2011 Important dates
  • 5. The fee for the DipIFR course is € 2.600, including all course materials. In addition there is a separate registration fee with ACCA of ВЈ167, payable directly to ACCA. Course fee and registration with BPP You can register with BPP for the DipIFR classroom course using the attached registration form. Detailed course programme Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 and 7 Framework, Accounts preparation and Non Current Assets Group accounts Inventories, Leases, Provisions, Substance over form Cashflows and Ratios Financial Instruments, Pensions, Deferred tax and Share based payment DipIFR ... Get more on HelpWriting.net ...
  • 6. Essay on The Ethical Values Held in Accounting, A... Every profession faces a multiple of ethical challenges on a daily bases, this can be clearly witnessed in the accounting profession. The main focus of this literature review is to discuss the ethical values held in this profession and to also explore the ethical challenges that they face. Professional ethics for accountants is all about making sure that accountants carry out their duties to the highest standard possible and in a very professional manner. A code of ethics is designed to make sure that ideal behaviour is being carried out and it must be enforceable and realistic. From reading a variety of literature the core principles of the code of ethics are as follows: integrity, objectivity, professional competence and due care,... Show more content on Helpwriting.net ... It is the quality from which public trust derives and the benchmark against which a member must ultimately test all decisions.' Smith (2003, p47) From reading this Smith feels that anyone working in the accounting profession must be trained and equipped to a high standard at implementing moral judgement so that they can consider the well being of those that will face the consequences of their actions. Citron (2003) examined how and when these ethical values came about. It ..was developed at a time of mounting levels of criticism of the auditing profession. Therefore it was a move that the UK Chartered Accountants Joint Ethics Committee felt that was needed in order to make sure that ideal behaviour was being carried out and to also make sure that all accountants were doing all their work to a high standard. However like everything when the ethical values that are integrity, objectivity, professional competence and due care, confidentiality and professional behaviour are complied with, it can still leave accountants to be faced with many potential ethical dilemmas. Jackling, Cooper, Leung and Dellaportas (2007) carried out an online survey in relation to ethical issues and put it forward to sixty six different professional accounting bodies. They found out from their research that the largest ethical ... Get more on HelpWriting.net ...
  • 7. Management Accounting, Chartered Institute Of Management... Introduction of management accountant Roles are different for management and Management accountant. Same person could do both, but the roles will completely differ. Thus, Management accountants support all the decisions made by the managers. They can mix up their roles that they have daily across the departments and multiple functions. In addition, it includes working for branches of companies that are located in other countries and preparing non–financial and financial work. Achieving an organisations strategic goals are vital, all the decisions made by management accountants has a huge impact to help them achieve their goal. Management accountant used to only provide, process and collect information during the year 1950. For management accounting, Chartered Institute of Management Accountants (CIMA) is one of the world's major professional bodies. Today's management accountant's role are as follows: formulating business strategy, conducting internal business audits, monitoring financial control, monitor spending and to explain the impact of the financial outcome of business decisions and the landscape of competitors. Skill–set of today's management accounting are as follows: communication, planning, risk, analysis and strategy. Communication is vital as it is used to explain quantitative information to non–financial managers. For planning and budget; accounting technique is applied. Risk is managed and identified. Business strategy is formulated to create value and ... Get more on HelpWriting.net ...
  • 8. Cycle For English Reflection Every cycle for English, we have to write two different reflections relating to the topics we discuss in class. The reflections have to be on two different days, but they can be on any two days we want. I think the reason behind having us write the reflections about two different days makes us reflect on the cycle as a whole, rather than a singular, individual day. Also, having us write reflections about two different days could prevent procrastination, and therefore produces better work. I think the reason behind Doc Mitsuda letting us choose which days we write the reflection on lies with time management and what happens in class on different days. Some people have different activities on different days, so it could be more convenient for ... Get more on HelpWriting.net ...
  • 9. The Role And Role Of Management Accounting Management accounting is about adding real value to the organization by combining accounting, finance and management with the business skills and techniques. It involves in management decision making, devising planning and performance management systems. Management accounting provides expertise in financial reporting and administer to assist management in the formulation and implementation organization's strategy. The professional body for management accountants CIMA, defines management accounting as 'the application of the principles of accounting and financial management to create, protect, preserve and increase value for the stakeholders of for profit and non– profit enterprises in the public and private sectors. Management accounting is ... Show more content on Helpwriting.net ... However, the function and the objective of cost accounting is similar to management accounting. Hence sometime authors refer to management accounting and cost accounting as the same. Main areas involved in management accounting includes costing, Planning, Control, decision making, and performance evaluation. Costing determine how much it is costing to produce, this helps to determine the selling price. Planning involves defining objectives and assessing future cost and revenues. As, management accounting plays a crucial role in every organization, there is a qualified recruit to carry out management accounting. This recruit or employee is known as management accountant. The role of the management accountant is to handle all financial matters and ensure the organizations financial security. Management accountants help to drive the business's overall management and strategy and also plays an important role in determining the status and success of the organization. Management accountant's advice managers on the financial implications of big decision. The sustainable success of the organization and the solutions to the issues are derived from the information provided by the management accountants. These information's assist in formulating business strategies and monitoring ... Get more on HelpWriting.net ...
  • 10. Why to Become a Chartered Accountants WHY TO BECOME A CHARTERED ACCOUNTANT Early or late, everyone has to start his vocational life. Its an important event of life because then after an entirely new world starts – THE WORLD OF WORK. Many courses are available for simple and common vocations which do not require any special skill. Anyone can do them. But ............. TO BE DIFFERENT IS TO BE RENOWNED......... So if one really wants to do something challenging and diversified, then Chartered Accountancy is the most dignified profession. A MISCONCEPTION REMOVED It was an old image that accountant are boring and old fashioned, they crunch numbers and work in compliance and tax. But the profession of CA has replaced and upgraded this old image and has created something which has ... Show more content on Helpwriting.net ... This is the foundation of a set of attributes that lie behind today's CA and makes them unique. These four attributes lie at the heart of the CA brand:– вћў Insightful: The penetrating mental ability to find the underlying truth. The capacity to simultaneously take a macro and micro view and see a solution unseen by others. вћў Precise: Focused on delivering clear, accurate, fact based solutions that drive business success. вћў Ethical: The principles and good judgement to successfully navigate a marketplace characterized by uncertainty and change. The ability to achieve breakthrough results without breaking the highest standards of professional conduct. вћў Without equal: CA is about status, achievement and always striving to be the best– it is the reference point from which quality decisions and business excellence are measured. CA has every qualities like intellectual, technical, functional, personal, inter–personal, communication, organizational and business management. His brain is expanded by serious thinking during his academic years. He has immense responsibility taking ability and duty–fulfilling power. CA of the 21st century is a new breed of professional, a strategic thinker and broad ... Get more on HelpWriting.net ...
  • 11. SAICA Case Study Tutorial 6 9 September 2014 Name: James Surname: Gilbert Student Number: 201404266 Tutorial Group: 1 The Maintenance of the professional status of Chartered Accountancy in South Africa. SAICA, SAIPA, CIMA and the IRBA are just a few of the professional bodies, or institutions, found in South Africa with the purpose of developing and maintaining the professional standard of Chartered Accountancy perceived within this nation. The real question is though, how do they do it? Especially in such a way that sees South Africa renowned for the top seat in Chartered Accountancy standards. To understand how this feat is achieved it is important to first know what a profession is: A profession is an occupation organized in an institutional form, its members offer client services based on an intellectual body of knowledge and a specialised repertoire of skills, that are not ordinarily possessed by the non–professional, in order to explicitly serve public interest. (Lee. 1995, 49) These members are, in addition, required to practice and behave in an ethically and functionally sound way as set out by the ... Show more content on Helpwriting.net ... This being an "enforceable law" with regards to the conduct of professionals ensures the further professional conduct of the members of SAICA and an increase in the public confidence of the profession. The reason that SAICA has been able to set these standards and effectively seclude the profession and disallow just anyone to practice as a CA, is due to the Royal Charter that enables the CA profession to be recognised as just that. (Kizlik, 2014) This royal charter effectively is the base that allows all other mechanisms to be developed and allows the profession to maintain and improve its professional
  • 12. ... Get more on HelpWriting.net ...
  • 13. Chartered Accountant Overview A CA (Chartered Accountant) is a professional accountant who has earned the CA title through training and practical experience obtained from the CICA (Canadian Institute of Chartered Accountants). The institute, which has over 66,000 members, conducts research into current business issues and sets accounting and auditing standards for all types of businesses. A CA is a complete professional in the field ofAccountancy – informed in the subjects of Accountancy, Auditing, Business Management, Information Technology, Taxation, Corporate and Commercial Law, Financial Management, Economics and other linked subjects. Chartered Accountants serve business clients by preparing, reviewing and evaluating financial statements, ... Show more content on Helpwriting.net ... Many corporation controllers are CA's. A controller is an upper–level executive whose tasks include planning, coordinating and assessing all activities in accounting, auditing, financial control and budgeting. A controller is responsible for the organization of the management and supervising their decision–making. They also participate in devising the financial and administrative policies of the company. Soon enough it may eventually lead to positions such as Vice–President–Finance or Treasurer and even President. Government Opportunities There are also many opportunities for a Chartered Accountant in all levels of government. Federal and provincial departments regularly employ CA's for such positions as treasurers, chief accountants, auditors, budget analysts, financial management officers and financial analysts. Government accountants prepare budgets, track costs and analyze financial statements. Most CA's chose to work at firms or corporations other than for the government mostly because of the pay. They can achieve much more money than the government offers although the government provides many health and security benefits. CA's have lots of mobility and freedom. It's quite easy for them to quit a job and find another one the next day since there is a constant demand for experienced CA's. The pay involved in ... Get more on HelpWriting.net ...
  • 14. Business And Financial Performance Essay I have always considered obtaining BSc. Honors degree in applied accounting from Oxford Brookes University as an important milestone of my academic career. In this session I decided to prepare research and analysis project and I chose the following topic: "The business and financial performance of an organization over a three year Period". Reasons of choosing Specific Topic, Sector And Company: One of the most imperative reasons that I chose this topic was that this topic was easier to understand. During my ACCA studies I read different tools and techniques relating to the business and financial analysis so I was in a better position to work on this area of topic. Another reason for selecting this topic was that I want to pursue my ... Show more content on Helpwriting.net ... (Rosemary Peavler, n.d.) Analyze the business performance of the company with help of SWOT analysis. (FTC, 2008) Identify the impact of environmental factors on the performance of the company with the help of PEST analysis. (Alan Chapman, n.d.) On the basis of these tools and techniques, I will conclude the business and financial performance of the company. Research Questions: What are the necessary skills i.e. analytical, technological required for preparation of this project? How much time should be assigned to each part? How will I gather the data related to the company which is reliable? What are the internal strengths, weaknesses and external opportunities and threats faced by the company? What is the impact of political, economic, social and technological factors on the performance of the company? How will I reach out a conclusion with the help of these tools and techniques? (Shane Johnson, 2005) Overall Approach for the preparation of research and analysis project I planned my research according to the limited amount of time available to me. I selected accounting and business models which appeared appropriate for the analysis. I also acknowledged different sources of information that would be required and that they should also be accessible. These sources were ... Get more on HelpWriting.net ...
  • 15. Essay- Accounting as a Profession Introductory Part Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, including computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management. They perform these vital functions by offering an increasingly wide array of business and accounting services to their clients, in order to provide information to them. Accounting– the best profession There is a lot to gain from a career in ... Show more content on Helpwriting.net ... Besides preparing financial statements and recording business transactions, they also calculate costs and efficiency gains for new technologies, participate in the set up for acquisitions and mergers, and develop IT systems to track financial performance, tax strategy, and employee benefits management. There are some options a student can follow in choosing a career in accounting. Audit Audit is the bread and butter work of accounting. Accounting auditing careers involve checking accounting ledgers and financial statements within businesses, public and not–for–profit organizations. Being increasingly computerized, this work can rely on sophisticated random sampling methods. This provides a solid foundation to future specialist work, and enables us to understand how an organization makes money. Budget Analysis A budget analyst develops and manages an organization's financial plans. Besides quantitative skills many budget analyst jobs require good people skills because of negotiations involved in the work. Financial Financial accountants draw information from the general ledgers to prepare financial statements. They also take part in the business's important financial decisions involving mergers and acquisitions, employee benefits planning and long–term financial projections. This work can vary from week
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  • 17. ICAEW Code Of Ethics Essay Q1. Critically evaluate the ICAEW Code of Ethics and guidance on Professional Conduct in Relation to Taxation for professional tax accountants. Introduction about the ICAEW Code of Ethics The purpose of ICAEW code of ethics is to set a professional standard of the ethical obligations that professional accountants can follow. The professional accountants have a moral obligation to take into account of the public interest and maintain the reputation of the accounting profession. Personal self–interest must not subject to these obligations. If accountant violates to this code, they will easy to get disciplinary action. The professional accountant should also comply with the fundamental principles of professional ethics, which are Integrity, ... Show more content on Helpwriting.net ... The Ethics code and the guidance is an important complement to the legal system of the accounting, it covers the issues which are tend to fall into the gray areas, such as behaviors that are not forbidden, yet not specially permitted by the law. (John Wily &Sons, 2015) It cannot be replaced by other legal accounting system. Strengthen the accounting professional ethics can effectively improve the level of professional accountants. If the accountant does not have the awareness of this ethics and lack of the professional skills, it will be difficult to ensure the authenticity and reliability of the information. So the ethics and the guidance played an important supplement to the legal system for accounting. For example, when a tax accountant is facing a situation where the client wants to fudge their income to avoid paying a high tax. The client may pay the accountant fees for helping them evade tax. In doing this, the accountant may be long–term benefit, But if their actions are exposed, severe penalties would come. So the ethics code and guidance constrain the behaviors of accountant. Also, it is a duty for the accountant to reject the illegal actions such as tax evasion.(Swails,2000) All workers in all professionals are supposed to go beyond the minimum standard that are required by the law. (Maijiu Hamunen, ... Get more on HelpWriting.net ...
  • 18. Essay about Bookkeeper vs Accountant Bookkeepers vs Professional Accountants Many bookkeepers in our world today define themselves as accountants, but what is the difference between a Professional Accountant and a Bookkeeper? This essay aims discuss and examine the relationship between each of the occupations, examine the differences that sets the two occupations apart and then explore what makes an accountant a professional in today's world. Comments made by third parties will be looked at in depth in order to reach a fair conclusion. Bookkeepers today have an important but restricted role in the business world. Their main role is to record the financial transactions of a business. As a bookkeeper, you will be employed to sustain all the ledger accounts, and ... Show more content on Helpwriting.net ... However, if you are a qualified accountant, there are many different sectors in which you can enter into. Directions.gov.uk shows the many different roles within the accounting profession, these include; "tax accountancy, external audit, internal audit, corporate finance and management accountancy". Each role differs greatly from another however all are classed under the profession of Accounting. There are many varieties of personalities within accounting which makes it hard to generalise, but there are fundamental personal & professional qualities that are essential for success within the profession. To begin with, ACCA paper F1 2008 (p94) states the 5 personal qualities as; "Reliability, Responsibility, Timeliness, Courtesy and Respect". These are very important as accountants work with people from all walks of life and it is essential that they gain the trust of their client . To be a reliable accountant, you would have to ensure that your work was up to professional standards and completed before deadlines. To be a responsible in the profession, you must take ownership of your own work and take fault if anything happens to it. Timeliness speaks for itself as it requires excellent time keeping whether it be showing up on time for work or meeting deadlines. The final personal qualities are to have courtesy and ... Get more on HelpWriting.net ...
  • 19. My Personal Goal Statement in Accounting and Finance My Personal Goal Statement in Accounting and Finance 'Accounting is like Art'. You have to analyse every aspect before making a just decision. A teacher of mine once told me that if you were good at art, you would be good at accounts. It was hard to find her logic at first, but after I choosing to take Principles of Accounts in SPM, it all began to make sense. You need logic; everything has a set order and method. Each piece is placed carefully and has a high significance amongst its environment. You need analytical skills. Take apart every piece of information and use it to make your own decisions. Passing with distinction and I have been awarded Level 2 Certificate in Book–keeping and Accounts, I can proudly ... Show more content on Helpwriting.net ... During my time with the company, I have gained an award for my doing work performance. My job role involves cash handling, serving customers, dealing with parents' enquires and complaints, both in person and over the phone as well as teaching. Working so closely with the public has increased my confidence, and my interpersonal skills as well as giving me an insight into how businesses, especially the retail business, work. I have not only learnt some skills in teaching but also putting into practice ways of increasing sales and profits at the tuition centre. I love to play sport whenever I can as it fills me with great enjoyment. I hope to continue being involved in sports at SIM by joining the sport clubs that are available because playing sport provides me with a good balance in my life between leisure and work which allows me to produce my best results academically. I plan to keep this balance at institute. Most of my spare time, I enjoy listening to different kinds of music and to help myself relax and take my mind of things, I like reading magazines and solving logical problems such as Sudoku. I also like going out with family and friends at least once a week. As an individual, I have always aspired to higher education at institute as I have a positive and committed attitude to learning new things. The idea of moving on ... Get more on HelpWriting.net ...
  • 20. Statement Of Purpose In Accounting It all started when I was in standard four, my mother asked my ambition and I said that I want to become a cashier in supermarket. Well, I still young and do not any knowledge regarding accounting. At that time, I only know how to calculate simple calculation. For me, accounting is a basis part in our life because I am very sure that everyone use this accounting concepts in their daily life. For instances, they check how much money that they had spent on that day or even a business firms will record their daily transactions whether it gain or loses. The words 'Accounting' begin to develop in myself when I was in high school. This leads me to the world of accounting. In addition, I become more passionate in accounting and finance because my father is a sole proprietorship and he own a small chemical substances business so my passion grow more within business. This enable me to understand some of financial concepts which inspire me to pursue my degree study in university to become a chartered accountant. My favourite subject is mathematics which it help me to think in order to solve the problems. As time passing by, I become more clear that anyone... Show more content on Helpwriting.net ... I have able to handle the data accurately during my Accounting Information System subject. Studying business ethics make me realize into the people attitude and behavior within the society. Law have given me knowledge of legal system to determine the implication of my action within organizations when looking and handling the people accounts. Financial Reporting Accounting taught me more than I could imagined, which it broaden my knowledge in different aspects and concepts of accounts whether in ledger account, partnership dissolution account or company transactions. Besides, this enhance my problem solving and analyzing skills. Overall, I had gain my confident when assignment presentation and think more ... Get more on HelpWriting.net ...
  • 21. Integrated Reporting Of Nigeri Where We Are Coming From 4.0 INTEGRATED REPORTING IN NIGERIA: WHERE WE ARE COMING FROM 4.1 PRACTICES & PLAYERS Accounting principles as practiced in Nigeria has its origin in Britain due to the colonial influence and the early influence of accountants of Nigerian origin who were practising in the UK. These accountants were made a move to institutionalize accounting in Nigeria and therefore designed the framework of accounting practice based on their current inclination. Association of Accountants in Nigeria (AAN) [1] the progenitor of ICAN was formed in 1960. ICAN herself did not come into existence until September 1, 1965 [ 2]. This officially set the ball rolling for the regulation of accounting practice in Nigeria. ICAN is not the only professional accountancy association regulating the practice of the profession in Nigeria though it has remained dominant over the years. The other being Association of National Accountants of Nigeria (ANAN) which was chartered on 25th August, 1993 [3]. Relations between the two bodies has been anything but cordial as ICAN sought to void the decree establishing the other body in order to have sole control over the regulation of accountants and accounting profession in Nigeria. In November 2007 this attempt failed as the Federal High court in Lagos dismissed the suit. [4] 4.2 POOR REGULATIONS AND REGULATORY FRAME WORK Despite the controversies in the practice of accounting profession, in–roads were made towards strengthening the regulation of financial reporting ... Get more on HelpWriting.net ...
  • 22. Code Of Ethics And The Laws Of The Accounting Profession... Critically reflect on the arguments as to why a code of ethics is essential to support the regulation of the accounting profession in New Zealand. Introduction Code of Ethics display the ideal qualities that one should follow and demonstrate, in the accounting profession. It lays down the expected standards, and are based on personal characteristics and behavior. According to New Zealand Institute of Chartered Accountants Act 1996 the five fundamental principles in the Code of Ethics are integrity, objectivity, professional competence and due care, confidentiality and professional behavior (NZICA, 2013). These five principles aim at guiding an accountant in a moralistic way. Although it highlights the general expectations of an accountant, it is designed to benefit the wider accounting network. The Code of Ethics can also be thought of as a perfect role model, which accountants use to compare themselves against. The Code of Ethics is vital to the accounting profession because it helps keep a controlled, safe and positive working environment. Discussion Integrity is one of the fundamental principle, which is responsible for securing and maintaining confidence among the public, and also internally through professionalism. In the Code of Ethics, integrity is defined to be, the key to building a network of good trust, and also personal characteristics that distances one from taking advantage personally (Velayutham,2003).Generally we can assume that integrity is directly ... Get more on HelpWriting.net ...
  • 23. The Field I Have Chosen Essay Gabrielle Wallace– 2714875 The field I have chosen is accountants in New Zealand. Everyone has skills and predispositions, ever since I have been a little girl I have been meticulous with numbers, and accounting gives me the opportunity to use my skills. I want to become a senior accountant and carry on the family business one day. I am currently studying accounting at university, specialising in taxation and corporate accounting. This essay will give me the opportunity to explore the accounting industry, it will give me a better edge when I go and work for Ernst and Young this summer. The forces I will be discussing are women in accounting, deskilling labour, globalisation and data to decision making. The face of the accounting profession is changing, there are a growing number of females entering the accounting industry. Previously it retained the image of a male–dominated industry; recently there has been a skew that is noticeably female with women now making up 42% of the industry according to the NZICA According to the New Zealand Institute of Chartered Accountants, the number of women in accounting has risen by 5% in 2012 and is forecasted to grow. Female accountants are paid less than men according to the New Zealand Institute of Chartered Accountants. In 2013, NCIA reported that on average there is a 26% income difference between men and women . This can be accredited to the reason that well paying jobs like accountants allow flexibility which can be ... Get more on HelpWriting.net ...
  • 24. Australian Tax Compliance And Laws For Individuals And... Broadly skilled finance professional with over 3 years experience in both accounting and taxation. Thorough understanding of Australian tax compliance and laws for individuals and companies. Excellent financial reporting skills, building meaningful financial information and reports that can be presented to financial and non–financial members. Benefits from Chartered and Commercial environments, whilst quickly demonstrating the versatility to adapt to both. Pro–active communicator, confidently developing relationships both internally and externally, and liaising with all levels of staff. Financial & Statutory ReportingTax Advice & ComplianceCorporate & Capital Gains Tax Fixed Asset RegistersFinancial Forecasts/ProjectionsCash Flow Statements Cost ManagementHigh NetWorth Client TaxBusiness Structuring Investigative AnalysisFixed Asset MaintenanceSuperannuation Returns FBT, GST, BAS, IAS & PAYGClient Relationship ManagementATO Legislation Translation Qualifications & Education: StudyingCPA Qualification | Six papers completed with two subject left. 2012Certificate III in Business | Navitas Workplace Solutions, Melbourne, VIC 2011Master of Practising Accounting | Swinburne University of Technology, Melbourne, VIC Academic Awards: Top Student Award | Swinburne University, Melbourne, VIC, for excellent performance, Semester 1, 2011 Certificate of Excellence | Highest result in Strategic Cost Management, Swinburne, ... Get more on HelpWriting.net ...
  • 25. Audit Quality AUDIT QUALITY A BRIEF DISCUSSION REGARDING THE QUALITY OF ASSURANCE AND AUDIT Student ID: 1204335 Xiaoyu ZHENG AUDIT QUALITY A BR IEF D ISC US SI ON R EGAR D IN G THE QUAL IT Y OF A S SUR A N CE AN D A UD IT A INTRODUCTION uditing has inevitably become one of the essential activities in the current business world. It may be attributable to the fact that financial reports still remain the major criteria in evaluating the performance of the business. Audit quality refers to different denotations in various business sectors; hence in this paper deliberations of audit quality are limited to professional audit firms within the scheme of Australian Securities and Investments Commission (hereinafter ASIC). Due to the complexity... Show more content on Helpwriting.net ... 2 AUDIT QUALITY However, it is not appropriate to neglect contributions from the APESB in assisting the assurance of audit quality. It is the fundamental flaw of the ethical standards of all types that hinders the full efficacy of ethical standards on the quality of auditing processes. Ethical standards still serve as dynamic supports to legal framework. Both the staffs from the audit firm and audit regulators are required to review auditing processes to compensate the imperfection of legal framework and code of ethics. 3 DUE CARE & PERFORMANCES
  • 26. As per discussed above, it is essential that due care and performances such as professional qualities and expertise from auditors themselves and staffs in the firm as well as the audit regulator ASIC are critical in the assurance of audit quality. According to Leung, Coram and Cooper, audit quality could be compromised due to pressures faced by the auditors (2011). They backed up such statement with stunning percentage of non–verifiable opinions in the auditing processes from both national accounting forms of 20% ... Get more on HelpWriting.net ...
  • 27. Personal Statement Essay: My Passion For Accounting A knowledge of Accounting is useful for everyone. It can be used in their daily life to manage their salary wisely, to know how much money they have with them or how much money they have spent. They can also be a better investor if they have this knowledge. As for me, my passion for accounting started in secondary school. When I was 16, I needed to choose whether to pursue my studies in Pure Science stream or Social Science stream. I choose the latter, even though I was a Science student because I enjoy trying something different. I was also eager to learn and know more about accounting, of which I have heard a lot about. As a beginner, I faced some difficulties in taking a new subject. Not surprisingly perhaps, I did not really perform in... Show more content on Helpwriting.net ... The reason why I choose this field is I can see that every company needs an accountant to manage their finance and to consult them about business and almost every day, new businesses are created and existing businesses expand. Furthermore, being an accountant, I would be able to run my own business as I would have the knowledge and skill to manage and lead the business. It can be seen that this Accounting course will give me a wider variety of career options which will allow me to choose job with the best prospects and for which I am most passionate about. To broaden my knowledge, I have read a different number of books. One of them was "Midas Touch" written by Donald J.Trump and Robert T.Kiyosaki. This book is not about business, it is about what it takes to become a successful entrepreneur which in my opinion, the characteristic of an entrepreneur is similar to an accountant. Reading these books give me an extra knowledge that is not covered in school and has strengthened my desire to further my study in accounting. Since I am genuinely interested in Accountancy, this will increase my chances of doing well in the course since my motivation will be ... Get more on HelpWriting.net ...
  • 28. Manual on Forensic Accounting FORENSIC ACCOUNTING Introduction Necessity is the mother of all inventions. Yes, it is the growing arena of business and surging number of white–collar crimes that have paved the way for the development of Forensic Accounting. According to AICPA, "Forensic Accounting is the application of accounting principles, theories and discipline to facts or hypothesis at issues in a legal dispute and encompasses every branch of accounting knowledge." According to The Accountant's Handbook on Fraud and Commercial Crime, Forensic Accounting is the application of financial skills and an investigative mentality to unresolved issues, conducted within the context of the rules of evidence. Forensic Accounting borrows knowledge from Accounting,... Show more content on Helpwriting.net ... It is a relative thing, that is where fraud and forensic crossed each other's path. Fraud doesn't necessarily end up in court, but forensic accountant has to make evidence suitable for admission in court. It is a stereotype thing, as long as auditors are concerned, audit report is supposed to be a mere true and fair view of an account, but when if you are to prove or disprove an allegation of fraud, there must be a forensic accounting investigation and report. It might have been tampered with, ours is not to determine whether the suspect is guilty or not, but to give a better interpretation to the evidences. It impacts on the financial sector of the economy. There are lots of procedures in forensic that you cannot violate like that chain of command, you have to know how the evidences were taken and preserved to avoid cases of tampering with evidence in our court. One major weapon accountants have is the use of questions or the interview technique in conducting auditing jobs; there is no way you can start working without questioning, that is the most critical thing, but not many accountants know its utmost usage, in forensic, we call this embedded incompetence. What actually determines the success of the forensic report is the interview technique. Forensic Accounting ensures: (a)Assessment of the damages caused ... Get more on HelpWriting.net ...
  • 29. Reflection On Professional Development In this short essay my own personal view on professional development will be made evident through reviewing past experiences, allowing recommendations for better practice to occur. Other topics discussed and analysed will be; the structure of the organisation, the effectiveness on leadership and management. My own role within the organisational structure will be reflected on, considering the impact of skills in practice, further, justifying what I will need for future personal and professional development. Reflective practice is an important tool, as people learn from their own professional experiences (Pascal and Brown, 2009). Reflection provides opportunity for furthering personal and professional development (Nganga, 2011). As it helps to certify knowledge skills and experience that is used within practice (Freire, 1972). Boud, Keogh and Walker (1985) states that, looking through past and present experiences helps with progression in the future. The reflection on practice is finding the weaknesses and overcoming them (Dyer and Taylor, 2012). Johns (2000) situates that a number of models can help to structure a reflection. As they provide a framework that helps develop a deeper understanding and analysis. One reflective model is SchГ¶n (2002) the model of reflection–in–action and reflection–on–action. This model is beneficial to use as it involves working on getting to the bottom of what is happening in the experience process, such as; the decisions made and the feelings felt at that time of the event. Reflection–on–action involves looking over the event and drawing on professional knowledge to understand what happened and why it happened and to develop deeper knowledge (Thompson and Pascal, 2012). However, this is not the only model that could be used. Other models such as Kolb (1984), Gibbs (1988) and Brookfield (1995) have different frameworks to help breakdown an issue. I like to use SchГ¶n (2002) model in the workplace as I am thinking about what I am doing as I am doing it. This does not provide a lot of time to think in depth and to break the event down, leading to not gaining a better understanding of what happened, without this I have no targets to better my professional development. ... Get more on HelpWriting.net ...
  • 30. 399 Tutorial 5 Essay ACCG 399: Accounting in Context Accounting's Positivistic Tendencies: Overlaying a Social Science With Pure Scientific Rationale Tutorial 5 – Week 6 This written Comprehensive Professional Portfolio is comprised of individual and group tasks which are to be completed within tutorials and will require further work and writing up outside of the classroom. These set of tutorial activities extending till the end of the session, are intended to take you through a learning journey of exploration and development. They have been specifically designed to incorporate not only a real–life perspective to your university learning but also to further enhance graduate capabilities such as your ability to engage in critical, analytical and ... Show more content on Helpwriting.net ... I believe that anyone watching just the first part of this documentary can make the assumption that we were going downhill with all these unstable inventions that were supposed to bring in more turmoil for the rest of the world. In order to reporting accuracy, they interview lots of people to indicated this fact rather than merely provide neutral opinion. In addition, the film illustrates some data and provides some powerful reports to support their viewpoint. The following parts also explain the main factors result in the financial crisis, and the economic recession. The film also emphasis on the investor and related parties should burdened accountability what the challenge we need to face. Positive accounting theory refers to the branch of academic research in accounting[–>0] that seeks to explain and predict actual accounting practices. These contrasts with normative accounting[–>1] theory, that seeks to derive and prescribe "optimal" accounting standards. In other words, the accountant should to obey the standard accounting rules and regulation to prepare financial report and they must utilize optimal accounting standards. But in this film, lots of accountants prepare the misleading financial report, which make the potential investors and shareholders believe that companies still operate profitability, and on–going development. Actually, the companies already make huge ... Get more on HelpWriting.net ...
  • 31. The Role of Auditors in a Firm Audit is determined by a formal examination of a firm's financial records, inspection of its accounts and other related documents by accountants called auditors. Basically, auditing is a controlled process which includes professional judgment and requires applying of analytical skills. Also, it involves appropriate forms of expertise and its approaching. A team with professional skills perform this task according to the relevant standards, for instance, International Standards on Auditing (ISAs), International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) or International Standards on Quality Control (ISQCs) and other applicable equivalents. The role of auditor as a specialist is to review the company's accounts in order to certify the legitimacy and validity of its financial records. They work in the places like independent certified organisations or accounting departments. Furthermore, auditors can give an advice and warn about possible risks and cost savings that company could made. As money going in and out of organisations, auditors examine the records and check if it is processed correctly. Their obligations also include visiting factories for checking stocks and companies' equipment. Actually, there could be internal or external auditors. Considering internal, they work for specialized firms, large corporations or charities and as a part of a company's accounting team. That is to say, internal auditors perform in the ... Get more on HelpWriting.net ...
  • 32. History Of Accounting Essays Once upon a time, Luca Pacioli wrote a math book. It was just a little survey and should have been treated like ordinary books of the time and read and then disappeared into historical archives and forgotten. A few brief chapters on practical mathematics made this one special. The time was 1494. Columbus had discovered America just two years before. The author was a Franciscan monk. The chapter on practical mathematics addressed mathematics in business. He said that the successful merchant needs three things: sufficient cash or credit, an accounting system that can tell him how heВЎВЇs doing, and good bookkeeper to operate it. His accounting system consisted of journals and ledgers. It rested on the invention of double–entry ... Show more content on Helpwriting.net ... Citing the needs of courts to employ public accountants ВЎВ°to aid those Courts in their investigation of matters of accountingВЎВ± select accountants were titled ВЎВ°Chartered Accountants.ВЎВ± The US equivalent title is ВЎВ°Certified Public AccountantВЎВ±. These titles are used to this day. The arrival of the income tax laws were another major event in accounting history. Attorneys naturally thought that since income tax returns were legal documents, they would have exclusive rights to prepare them. Accountants replied that since that the bulk of the work in preparing a return involved accounting calculations, they were more properly accounting work. The substance of the tasks trumped legal argumentation. US law firms in the 1920ВЎВЇs were slow to incorporate income tax preparations into their business skills. Public accountants saw a new lucrative opportunity and jumped into tax work with both feet. By the time the lawyers challenged the accountants for practicing law without a license, income tax preparation had been so thoroughly identified with accountants that they lost the case. The Great Depression rocked the integrity of the accounting profession. The British Steamship Company was just one of the large world giants that went bankrupt just after posting large profits. ВЎВ°How could profitable companies go bankrupt?ВЎВ± Investors asked. Court cases showed that the economic reality was that the companies werenВЎВЇt profitable after all. The profits were the result of ... Get more on HelpWriting.net ...
  • 33. The Role Of Management Accountants And The Past And Recent... The role of management accountant has been attracting a lot of interest since the principle of scientific management was published by Frederick Winslow Taylor in 1911, which marked the birth of management accounting theory. When researching the roles of management accountant in both past and recent years, it is obvious to find that things have changed a lot. This essay is going to briefly introduce both the past and the recent roles of management accountants first. Then discuss the reasons for management accountants' changing role. After that the analysis of the advantages this changing role will bring about and the limitations it has will be given. Finally, some suggestions about how to treat this changing role in today's economic environment will be offered. In past years, traditional management accountants are "score–keepers", they provide information to facilitate the process of assessing organization's actual performance against its planned activity (Burns, Quinn, Warren, & Oliveira, 2010). They mainly make people do what they are expected to do. While now they are acting as internal consultants of the company. They spend less time on routine tasks and more time on giving advice to managers to help them to develop a business–sensitivity in making decisions. There are many factors facilitating the change in the role of management accountants. From external aspects, firstly, with the rapid development in science and technology, more and more advanced and easy–to–use ... Get more on HelpWriting.net ...
  • 34. Pharmaceuticals Plc Case Study The objective of every organization is to make profit, remain viable and have a guaranteed going concern. Therefore, it is necessary to analyse the business and financial performance of an organization at every point in the interest of stakeholders. For a well detailed analysis of an organization, it is very important that not only the financial performance is considered but the business in context. This is because the financial performance and the business context of an organization are interrelated, any effect or change to the business context can have a direct impact on the financial performance of the organization. 1.2 TOPIC SELECTION AND ITS REASON FOR ITS SELECTION The accounting profession mostly deals with the analysis of Business and ... Show more content on Helpwriting.net ... The questions are: What is the financial and business performance of Alliance Pharmaceuticals Plc in comparison with its competitor GW Pharmaceuticals Plc? What are major factors/features existing in Alliance Pharmaceuticals Plc internal and external business environment affecting its business performance? What is the liquidity and profitability level of Alliance Pharmaceuticals Plc? What recommendations can be offered to Alliance Pharmaceuticals Plc for further improving its performance? 1.7 RESEARCH APROACH A comprehensive analysis of an organization can only be carried out by analysing its financial and business performance. This can be achieved by the use of quantitative as well as qualitative analysis techniques for evaluating financial and business performance. There are various techniques to measure financial performance of an organization the most common which I will be using is the ratio analysis for quantitative analysis. For qualitative analysis, I will be using SWOT and PEST ... Get more on HelpWriting.net ...
  • 35. Comparing a Chartered Public Accountant and a Chartered... Accountant Career Demand The public accountant provides a range of accounting and auditing services to everyone from individual taxpayers to businesses. Accountants can even become more specialized and become auditors and government accountants. Accounting is typically a 9–5 weekday job, as those are the hours that most businesses operate. Some overtime is typically required if there is an audit or it is tax season. The primary roles of a public accountant can be divided into three distinct jobs. The first job, and the most commonly accomplished, is known as performing external audits of companies (Public Accountant Job Description). Under Sarbanes–Oxley, United States businesses must submit a full audit of their company's annual budget sheets along with many other financial documents to an external accountant who reviews the documents and certifies that the reports are accurate (Zhang, 2007). The second job that accountants have is offering tax services to the public (Public Accountant Job Description). Often citizens prefer that an accountant complete their taxes annually, especially if that person is self–employed. The third job that accountants complete is consult services. Often corporate and estate–planning law firms willl hire accountants to assist in creating ideal wealth management options for clients and ensure that those options are in agreement with current tax laws. Educational Requirements There is no formal educational requirement to become an ... Get more on HelpWriting.net ...
  • 36. Accounting System And The Roman Empire Another Society with their own intricate accounting system was the Roman Empire. This comes as no surprise because of the scope and size of the Roman Empire; accounting was once again a necessity to a well–maintained society. There is evidence of comprehensive financial statements in the rule of Emperor Augustus circa 63 BC–14 AD. These statements included information on expenses on "statistics concerning the provinces and dependent kingdoms; direct and indirect taxation; as well as recurrent expenditures and gifts", as well as, "the amounts of cash in the Aerarium...and in the hands of the publicani" (Oldroyd, "The Role...", 1995). The Aerarium was the treasury, and the publicani was the public. These are similar to what the Chinese had because they were used by the government to go about completing the financing and running of the empire. These figures could be used to make it easier to track all the expenses and revenues of the government. The government was not the only ones to keep accounting records in the Roman Empire either. Account books were kept by those look to maintain and achieve citizenship. It is believed that "men of property at Rome often did write up their permanent account–books about every month." They were required to do this to maintain their citizenship because citizenship was tied to the amount of property owned and this meant a need to keep records of it. (Oldroyd, "The Role...", 1995). As well as citizens, accounting was a necessity for the soldier of ... Get more on HelpWriting.net ...
  • 37. Summer Training Undertaken At E.h Ansari & Co A PROJECT REPORT ON SUMMER TRAINING UNDERTAKEN AT E.H ANSARI & CO. CHARTERED ACCOUNTANT In partial fulfilment for the award of the degree of Bachelors of COMMERCE (BCOM) Honours Submitted by Priyanka Singh A3146913024 Batch of 2014–16 At AMITY UNIVERSITY NOIDA June–July 2015 DECLARATION I, PRIYANKA SINGH student of AMITY UNIVERSITY, NOIDA in BCOM (Honours), hereby declare that, this Project Report under the title SUMMER TRAINING is the record of my original work under the guidance of CA Mr. E.H Ansari. This report has never been submitted anywhere else for award of any degree. Signature of the Student: Place: noida Date: ACKNOWLEDGEMENT It is a great opportunity & pleasure for me to express my profound gratitude towards all the individuals who directly or indirectly contributed towards completion of this report. Working on this report was a challenges and a new exposure in the corporate world. I am greatly in debated to Mr. E.H Ansari under whose guidance and concern I am able to bring the report into its real shape. I am thankful to DR. ADARSH ARORA and all faculty members of ACCF Department in providing me useful guidance for the completion of this report. I convey my gratitude to all those who are directly or indirectly related in the completion of this project report. Priyanka Singh Roll No: ... Get more on HelpWriting.net ...
  • 38. Who Are The Regulatory Accounting Bodies Of A Chartered... Task One : 1)Who are the regulatory accounting bodies in NZ? NZICA and NZASB are the two most popular regulatory accounting bodies in New Zealand . NZICA : The New Zealand Institute of Chartered Accountants (NZICA) is the representing name for the Institute of Chartered Accountants of New Zealand. The Institute is representing over 35,000 members in New Zealand and overseas. Most accountants of New Zealand belong to this Institute. NZICA is previously known as New Zealand Society of Accountants. NZASB : The New Zealand Accounting Standards Board (NZASB), The NZASB has delegated authority from the XRB(External reporting Board) Board to develop or adopt and issue accounting standards for general purpose financial reporting in New Zealand. In doing so the NZASB must function with the financial reporting strategy established by the XRB Board. 2)What is the role of the NZASB and NZICA and how do they impact accounting practices in NZ? The Role of NZASB is to establish accounting standards for general purpose financial reporting which will encourage the preparation of financial reports that engenders confidence in New Zealand financial reporting, assists entities to compete internationally, and enhances entities accountability to stakeholders. The Role of NZICA is to develops and promulgates ethical rules, professional and ethical standards and related guidance and contributing through advocacy to the development of national financial reporting standards and international ... Get more on HelpWriting.net ...
  • 39. A Brief Note On The Association Of Chartered Accountants Nowadays, accountancy sector seems to be more and more attractive to students as accountant is considered as the 'best job' in the world according to a survey of LV Company (2013). Therefore, in that competitive position, with most students who are majoring in this area, achieving a qualification from a particular professional body is generally considers as their first aim to the colossal success of career in accountancy. By being qualified, students might be recognised and obtained more global opportunities in business career in such a competitive accounting industry. ACCA and CIMA are two standout accounting bodies which award people those qualifications. ACCA and CIMA have their own policies and operation systems. This essay will ... Show more content on Helpwriting.net ... CIMA is having 218000 members and students in 177 countries (CIMA, 2014). In percentage data, ACCA is nearly double CIMA about worldwide members as ACCA is holding 40% worldwide members while CIMA has only 23% (ACCA Brochure, 2014). However, if the degree of growth of total students and members recently is taken in to consideration, CIMA has the largest growth in POB members including ACCA (CIMA, 2014). Firstly, candidates of both ACCA and CIMA have to get through strict examination systems before being recognized by these two institutes' qualifications. ACCA has 400 exam centres around the world and their exams are taken place twice annually in June and December (ACCA Global, 2014). There are two levels in ACCA assessing scheme and they are fundamental level and professional level (ACCA brochure, 2014). Applicants have to complete all three exams of knowledge and six exams of skills in fundamental level in order to move into professional level which includes three exams of essential and two in four optional exams (ACCA, 2014a). CIMA examination system is completely different from ACCA. CIMA Global (2014a) has showed that their new syllabus for 2015 would have covered several new topics such as sustainability, integrated reporting and so on for three levels of the process which are operational level, management level and strategic level. ... Get more on HelpWriting.net ...
  • 40. The Ethical Guidelines Provided By The Cima Provides... The ethical guidelines provided by the CIMA provides different conflict resolutions. Examples of the different conflict resolutions that the CIMA offers are; considering facts for proper identification and then applying the proper course of actions once determined. The facts need to be relevant fact and there needs to be different ethical issues involved. There are also different essential principles that should be related to the matters that are being questioned. The CIMA also suggests that there needs to be internal procedures established and also an alternative course of action should be established incase anything were to happen. The CIMA provides a meeting or session with the right person within their organization or even a board of ... Show more content on Helpwriting.net ... It also provides opportunities for getting disassociated with such engagements or engagement teams so that conflict can be resolved in a more efficient and faster matter. Define facilitating payments and bribes. Discuss the difference between them. Which are all allowed and which are prohibited? Explain A payment made by a citizen to a government official for expedite the process of government facilities for who is entitled called facilitation payment in U.S. but in some other countries these payments called bribe. These payments are extra burden on companies or individuals. Both payments are not good as per ethics. This fee only applies when the payment if made to speed up the government's action. There are several different classifications that can be considered a facilitation payment and these vary in many ways. Section 162 C of FCPA act defined the bribe and facilitation payments. If a company made a payment to a foreign government official or employees which is unlawful under sec 162 c of FCPA Act called bribe. Bribes can be paid by money or other things in place of money for influencing government decision. The payment of bribe is considered unlawful under FCPA act, so it is not allowed as deduction under income tax as expenses. A payment made to Government official to expedite the process of government facilities for whose otherwise company or ... Get more on HelpWriting.net ...
  • 41. The Career Of An Accountant Commerce assignment 2015 due 18th of march Vocation investigation Joseph caccamo Career: accountant Qualifications: there are a number of qualifications you need to undertake the career of an accountant. Core knowledge areas needed are accounting systems and processes, financial accounting, and management accounting these are essential for a career in accounting. Other areas of knowledge are optional so you don't have to do them but they would help you pursue your career in accounting. Things such as commercial law, corporation's law, accounting information systems and more. The career of accounting is available through a bachelor of commerce. Different types of accountants have to attend different subjects because they need some subjects ... Show more content on Helpwriting.net ... It also offers you the flexibility to combine specialty study in a wide range of majors, allowing you to change what you do to suit your career wants and help you to get where you want to go. University of Melbourne the required atar for 2015 is 87 but a guaranteed entry if you score and atar of 95 and above the course is 3 years full time and part time is optional. As a Commerce student you will get comprehensive business training and have the chance to explore complementary disciplines. There are seven Commerce majors available, and many elective subjects to choose from. For domestic and international students. There is access for scholarships for the bachelor of commerce. The fee per year is determined by how many subjects you are doing. Need English requirements for course. Macquarie University the required atar is 81 the duration of the course is 3 years full time and part time optional. This degree prepares you to become a business professional in a wide range of careers. This degree gives you a comprehensive understanding of all business functions and a set of practical skills to succeed as a professional. For domestic and international students. Key features of the university course Macquarie business and commerce graduates are sought after by industry. Specialise in one or two distinct areas of ... Get more on HelpWriting.net ...
  • 42. Accounting Admission Essay Sample For me accounting is personal. As an immigrant, life has seldom been easy. It has been marked by continuous sacrifice, unfamiliar settings, and unnerving trials. From an early age I witnessed my parents painstakingly keep track of their income and expenses in order to make ends meet. Such trying moments were the early signs of my inclination towards accounting. In essence, these painful experiences stirred something within me, something that culminated into a passion. After exposure to numerous accountants and academic courses, I was firmly convinced accounting was my calling. In pursuing my calling, I attended Miami Dade Honors College and earned an Associate of Arts Degree in Accounting. Afterwards, I transferred to Florida International University, where I hope to acquire my Bachelor of Accounting in April 2018.... Show more content on Helpwriting.net ... However, a good education never comes cheap. With today's ever increasing tuition costs, paying for graduate school is my greatest challenge. Coming from a low income household, my family struggles financially, living paycheck to paycheck, hoping emergencies do not find their way onto our doorstep. For that reason, being an EY Scholar would help me exponentially in pursuing my academic endeavors and career goals without hindrances. What is more, being an EY Scholar will allow me to reach my full potential, clearing the path for me to dedicate time solely to my studies and bringing diversity to the institution's social community through involvement in extracurricular activities. As an EY Scholar, I will be surrounded by other passionate, like–minded individuals who will stop at nothing to achieve their goals. Taking part in this program will help me develop my professional network and build connections, as well as providing me with career guidance through ... Get more on HelpWriting.net ...
  • 43. Essay on The Three Main Accounting Professions This report is on the three main accounting professions. I will be talking about CA, CGA and CMA and what they do for a living. These three accounting professions may seem the same but I will be explaining how they are different. I will discuss all of these details in my report. I'll start off talking about the roles and duties of these three accounting professions. A CharteredAccountant's role or purpose is "providing professional advice, aiming to maximise profitability on behalf of their client or employer and undertaking financial audits"1. A Chartered Accountant has many things to do for a living. They have to review the company systems and analyze the risks involved, perform tests to check financial information, advise ... Show more content on Helpwriting.net ... In addition to this they have to "ensure future stability, growth and profitability" of a business 7. Next, these three accounting designations differ from each other because they all have different roles and responsibilities to commit to. A Chartered Accountant job differs from the other two accounting designations because their purpose is to provide advice on how businesses can earn more money and find any forensic accounting in the business. 2. ACertified General Accountant job differs from the other two accounting designations because their purpose is to help businesses save money and carry out any financial activities from their respective business 3. A Certified Management Accountant job differs from the other two accounting designations because their purpose is to help a business grow, be stable and make more profit in the long term 7. These reasons explain why these three accounting designations differ. The life of an accountant is important but what is more important is how they get the job. I'll be discussing the employment of these three accountants. A Chartered Accountant works in many industries and businesses 8. They tend to work in commerce businesses but could also work overseas, at the government and public practice 8. Chartered Accountants are ... Get more on HelpWriting.net ...
  • 44. The Role Of Accounting And Possible Future Of Accountancy... Introduction Traditionally, accounting has a role to play in preparing financial reports, and tax preparation manually (Zodage, 2015). According to World Report's Best Jobs (2014, cited in Hood (2014)), the accountancy was recognised as the third rank of the best professionals, and it is one in all careers having high demand (Hood, 2014). Nevertheless, the business practices and the environment have continuously changed and reshaped aspects of the accountancy profession (Wolters Kluwer, 2014). Some critics argued that services relating to accounting will be inevitably replaced by technology (Chartered Accountants Australia and New Zealand, 2015). Conversely, others believe that this career will still exist; however, the role of accountants will be altered along with the changing in the business environment (Towers, 2015). This report will present the crucial factors impacting the traditional approach of professional accounting and possible future of accountancy. Factors Disrupting Accounting Profession in the Future в—Џ The development of technology Advanced technologies are crucial factors causing a major change in accounting areas (Guthrie & Parker, 2016). Since the development of technology will certainly grow, accountants will obtain various benefits from embracing it. For example, cloud–based technology allows the professionals to adopt cheaper software, access to mobility of workplace and obtain real–time data (Nixon, 2015). In contrast, Nixon ... Get more on HelpWriting.net ...