Preview

Accounting In The Real World Analysis

Better Essays
Open Document
Open Document
1101 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting In The Real World Analysis
Accounting in the Real World
Rachel Benowitz
Northampton Community College
Abstract
This essay explores today’s accounting world and how to get there. When becoming an accountant education seems to be the key factor in preparing you for all the exams you will be taking to achieve your licensing along with personal experience on the job. After years of schooling, experience, and finally getting your license, you may enter the world of accounting and be a responsible accountant. You could work at a multitude of places but The Big 4 accounting firms are an accountant’s dream to work at. They are well known throughout the nation and serve many different clients with audits and many other types of work. Although you should
…show more content…
First, you must pass 150 semester credit from a post-secondary facility that is accepted by the state, a bachelor’s degree or higher, and a certain number of business and accounting courses during your education (Accounting CPA Requirements). After completing schooling, you must pass the CPA exam. This exam is centered on what the 150 credits you learned (Accounting CPA Requirements). Next, every applicant that is applying for their CPA license must complete an ethic exam or course to obtain the license (Accounting CPA Requirements). The next requirement is experience which is specific to each state’s board of accountancy (Accounting CPA Requirements). Lastly, you may apply for your CPA license. You must renew your license either annually or biannually and also maintain it by taking a certain number of continuing professional education (CPE) hours specified by your state (Accounting CPA …show more content…
(n.d.). Retrieved from accountingcoach: http://www.accountingcoach.com/careers/cpa-requirements.html
Beattie, A. (n.d.). Financial History: The Rise Of Modern Accounting. Retrieved from investopedia: http://www.investopdeia.com/articles/tax/08/accounting-taxes.asp
Big 4 Accounting Firms- Who Are They? (n.d.). Retrieved from accountingverse: http://www.accountingverse.com/articles/big-4-accounting-firms.html
Henriques, D. B. (2008, December 11). Top Trader Accused of Defrauding Clients. Retrieved from The New York Times: http://www.nytimes.com/2008/12/12/business/12scheme.html?ref=bernardlmadoff&_r=0
Malkin, M. (2003, June 16). Freddie Mac 's Accounting Scandal. Retrieved from National Center for Policy Analysis: http://www.ncpa.org/sub/dpd/index.php?Article_ID=5028
Mclean, B. (2005, January 24). The Fall of Fannie Mae. Retrieved from CNN Money: http://money.cnn.com/magazines/fortune/fortune_archive/2005/01/24/8234040/
The 10 Worst Accounting Scandals of All Time. (n.d.). Retrieved from Accounting Degree:

You May Also Find These Documents Helpful

  • Good Essays

    Cpa Research Paper

    • 441 Words
    • 2 Pages

    CPAs are required to obtain a bachelor's degree in business administration, finance or accounting. CPAs are also required to complete 150 hours of education and have no less than two years public accounting experience. CPAs must pass a certification exam, and certification requirements vary by state. Additionally, CPAs must complete a specific number of continuing hours of education yearly.…

    • 441 Words
    • 2 Pages
    Good Essays
  • Better Essays

    References: Monica Gagnier, December 12, 2008. The Rise and Fall of Bernard L. Madoff. Retrieved from http://www.businessweek.com/blogs/recession_in_america/archives/2008/12/the_rise_and_fa.html…

    • 1226 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Kelly, M., Davey, H. & Haigh, N. (1999) Contemporary Accounting Education and Society, Accounting Education: an international journal, 8(3), pp. 321–340.…

    • 5279 Words
    • 22 Pages
    Best Essays
  • Good Essays

    The Fannie Scandal

    • 648 Words
    • 3 Pages

    Muolo, Paul. Mortgage Servicing News. The Fannie Scandal: The Financiopaths ' Did It. New York: Aug 1, 2006. Vol. 10, Iss. 7; pg. 5. Retrieved November 4, 2006.…

    • 648 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    reliable resources

    • 984 Words
    • 4 Pages

    This article displays careers available to accountant majors. It lists steps to take while job searching. Because I am majoring in accounting I decided to choose this journal to see fully what becomes available to me upon receiving my diploma. Within this article provides a detailed description of four workshops that focus on the accounting industry, specifically public accounting, non-public accounting, the recruiting process and professional certifications. Although it was not exactly what I was looking for it still answered many questions I had about what came after graduation.…

    • 984 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    PERC Student Guide

    • 12724 Words
    • 75 Pages

    Your workplace – with its pressures and demands – gives you a richer and more nuanced picture of accounting and management issues than you get through study alone. It provides a context for the theory and principles, making them more relevant because you see how they apply to professional business problems. Equally important, you gain a better understanding of organizations – whether they are in the business, not-for-profit, or government sector. You also gain a better understanding of how accounting contributes to organizations and to society. PERC Student Guide 1…

    • 12724 Words
    • 75 Pages
    Powerful Essays
  • Powerful Essays

    Accounting, Fraud

    • 2038 Words
    • 9 Pages

    Madura, Jeff. What Every Investor Needs to Know About Accounting Fraud. New York: McGraw-Hill, 2004. 1-156…

    • 2038 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The accounting profession has been around in one way or another for as long as people have traded goods and services. As the transactions between people have become more frequent and complex the accounting profession has become more and more essential and the tools used to perform its functions have become increasingly advanced. For the most part, the days of writing every transaction in a journal and charting and adding accounts on manual charts is gone, replaced by integrated computer systems that often enter transactions into accounts with little or no user interface. These technological advances have…

    • 762 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Predatory Lending

    • 2377 Words
    • 7 Pages

    Denning, S. (2011, November 11). Lest We Forget: Why We Had A Financial Crisis. Retrieved from Forbes: http://www.forbes.com/sites/stevedenning/2011/11/22/5086/…

    • 2377 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Five Business Disciplines

    • 1016 Words
    • 5 Pages

    Accounting is one of the five business disciplines that we have talked about in business 101 and I think that is the major that I am going to pursue. “Accounting is the measurement, statement, or provision of assurance about financial information primarily used by lenders, managers, investors, tax authorities and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies” (Wikipedia). Accounting is a key business discipline underpinning decision making in all organizations from the largest business to the smallest charity. An understanding of the subject would be very useful to anyone contemplating a career in management as well as to those who intend to pursue a career in accounting. In college, students need to decide on a more specific field of accounting. An accountant has many choices as to what particular field of accounting to specialize in depending on the financial information they want to analyze and how it is done. Financial accountants, tax accountants and internal auditors are all accountants in general, but require different training and work methods. A financial accountant records economic data and periodically prepares reports that show profit and other financial information of a company using the generally accepted accounting principles. The need for financial accountants is to reduce agent problems by monitoring agents’ performance and reporting the results to interested users. Financial accountants are basically used to prepare accounting information for people outside the organization or they are not involved in the day to day running of the company. A tax accountant prepares yearly tax returns for individual clients. For businesses, the tax accountant must provide data for the company’s tax returns. In many places, accountants must abide by national tax laws and regulations, but no requirement is in the US. Auditors are sponsored by the Institute of Internal Auditors…

    • 1016 Words
    • 5 Pages
    Better Essays
  • Good Essays

    I have made my decision to become an accountant due to my desire to work with numbers and to manage money in order to help both myself and others. I haven’t experienced much in the field of accounting, but through reading books on accounting and listening to family friends in which are accounts, I would like to learn more and make it my career…

    • 229 Words
    • 1 Page
    Good Essays
  • Best Essays

    Accountant Responsibility

    • 2438 Words
    • 10 Pages

    Over the past few years we have seen the economy go from a feeling of reaching new heights, to the lowest of lows and with that came the accounting scandals and the need to expand government regulation. In response to the changes in the economy the public wanted accounting standards and government regulation to assist in alleviating the way financials were being reported so the money that was being lost wasn't nearly as detrimental as it looked. The changes in the economy required changes in regulation. The changes in regulation set the need for accountant responsibility to be expanded. This paper is to go into details about the “three major parties” that…

    • 2438 Words
    • 10 Pages
    Best Essays
  • Better Essays

    To inform my audience about accounting, as a profession, and how it can be utilized for the greater glory of God.…

    • 1673 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Accounting is a useful means of assessing the operations of different organizations and entities. Careers in the accounting profession are wide ranging, from public practice, to commerce and industry, education, and government. These fields require competence of an accountant. Education, as part of competence, requires acquisition of new knowledge and continuous improvement, to be able to cope with the growing demand for accurate and up-to-date information. New standards and amendments are being presented every now and then to comply with the emergent needs of today’s different organizations. An accountant must be flexible with these changes. Accounting students must also be aware on such changes to be more informed and competent in facing the real world.…

    • 1841 Words
    • 8 Pages
    Better Essays
  • Good Essays

    n recent years, the decline in quantity and quality of student enrollments in accounting majors alerted academicians, professionals, and professional bodies (Mauldin et al., 2000; Nelson, 1989; Adams et al., 1994; Glass and Oakley, 2003; Tan and Laswad, 2006; Smith, 2005; Chen et al., 2002; Garner and Dombrowski, 1997). This led researchers to investigate the reasons regarding career choice in accounting field. Mauldin et al. (2000, p.142) state that the primary objective of accounting programs is to produce a sufficient number of graduates who possess substantial accounting knowledge, with the strong communication and analytical capabilities demanded by employers. In order to meet the demands of employers, accounting programs must graduate the best and brightest students with high aptitudes, but decreasing quantity and quality may…

    • 2050 Words
    • 9 Pages
    Good Essays