Preview

A study of the essential skills, behaviors and effective strategies for a successful career in Accounting

Best Essays
Open Document
Open Document
3938 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A study of the essential skills, behaviors and effective strategies for a successful career in Accounting
A Study of the Essential Skills, Behaviors and Effective Strategies Required for a Successful
Career in Accounting

Prepared for

Prepared by

May 22, 2013
To:
From
Date:
May 22, 2013
Re:
Completed Analytical Report of the Accounting Profession

Here is the report you requested on April 3rd, 2013, researching the essential skills, behaviors, and effective strategies to have a successful career in accounting.

Data gathered from online databases support the conclusion that in order to be successful in the accounting field one must have strong personal and communication skills and also good ethical morals.

Please call us if we can answer any questions or concerns you may have. We are honored that you gave us the opportunity to do this report for you, , because we found it both informative and helpful for us in our pursuit for our future careers in corporate America.

Attachment

TABLE OF CONTENTS
Part Page
EXECUTIVE SUMMARY………………………………………………………………….………. 4
INTRODUCTION…………………………………………………………………… 4 Statement of the Problem………………………………………...……….. 4 Background Information…………………………………………………… 4 Purpose of the Study………………………………………….……...……. 4 Scope and Limitations…………………………………………..…...…….. 4 Methods of Research……………………………………….………...……. 5 Definition of Terms……………………………………...…………..……… 5
REQUIRED SKILLS AND BEHAVIORS……………………………….………… 6 Communication Skills……………………………………………………… 7
Software Proficiency……………………………………………………….. 9 Ethical Integrity……………………………………………………….……. 10
Analysis Knowledge…………………………………………………..…… 12
Problem Solving……………………………………………………….…… 15
SUMMARY………………………………………………………………………….. 17 Conclusions……………………………………………..………………….. 17 Recommendations……………………………………………...………..... 18
REFERENCES……………………………………………………………...……… 19

EXECUTIVE SUMMARY
On April 3, 2013, i, Professor of Management at , authorized a study to find the most essential



References: Cahan, S. F, Chaney, P. K., Jeter, D. C., & Wei, Z. (2013). Damaged auditor reputation and analysts’ forecast revision frequency. Auditing, 32(1), 33-60. doi: 10.2308/ajpt-50247 Chang, C., Chen, L., & Fuh, C Gregory, K., & Uma, V. (2013). Are accruals a proxy for fundamental risk? The association of firm-specific economic characteristics with negative accruals. Advances in Management, 6(2), 20-27. Grey, E. F., & Murray, N. (2011). ‘A distinguishing factor’: Oral Communication skills in new accountancy graduates. Accounting Education, 20(3), 275-294. doi: 10.1080/09639284.2011.560763 Ismail, N Jackling, B., & De Lange, P. (2009). Table 2. Do accounting graduates ' skills meet the expectations of employers? A matter of convergence or divergence. Accounting Education, 18(4/5), 369-385. doi:10.1080/09639280902719341 Jamnik, A Kavanagh, M. H., & Drennan, L. (2008). What skills and attributes does an accounting graduate need? Evidence from student perceptions and employer expectations. Accounting & Finance, 48(2), 279-300. doi: 10.1111/j.1467-629X.2007.00245.x Paulsson, G Schmidt, J.J., & Madison, R. L. (2008). Do male and female accountancy chairs perceive ethics and communication the same? Management Accounting Quarterly, 2(3), 29-33. Stone, G., & Lightbody, M Uyar, A., & Gungormus, A. (2011). Professional knowledge and skills required for accounting majors who intend to become auditors: Perceptions of external auditors. Business & Economics Research Journal, 2(3), 33-49. Wally-Dima, L

You May Also Find These Documents Helpful

  • Better Essays

    ABSTRACT: Management and auditors face increased responsibilities to evaluate internal control and assess the risk of fraud. This case provides the opportunity to evaluate internal controls and the possibility of fraud in a very small not-for-profit child care…

    • 6558 Words
    • 27 Pages
    Better Essays
  • Powerful Essays

    Global Electronics

    • 8642 Words
    • 35 Pages

    Brewer, Peter CView Profile; Juras, Paul EView Profile; Brownlee, E Richard, IIView Profile. Issues in Accounting Education18.1 (Feb 2003): 49-69.…

    • 8642 Words
    • 35 Pages
    Powerful 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
  • Satisfactory Essays

    References: 1. Clegg, S., Kornberger, M. and Pitsis, T. 2012, Managing & Organizations, Third Edition, SAGE Publications, London 2. Daft, R.L. 2004, Organization Theory and Design, Thomson South-Western, Mason OH 3. Grey, C. 2005, A Very Short, Fairly Interesting and Reasonably Cheap Book About Studying Organizations, SAGE Publications, London 4. Hatch, M.J. 2011 Organizations. A Very Short Introduction, Oxford University Press, Oxford 5. Jackson, D. 2009, “Undergraduate management education: Its place, purpose and efforts to bridge the skills gap” Journal of Management & Organization vol. 15 pp.206223 6. Kavanagh, M.H. and Drennan, L. 2008, “What skills and attributes does an accounting graduate need? Evidence from student perceptions and employer expectations” Accounting and Finance vol. 48 pp. 279-300 7. Perrone, L. and Vickers, M.H. 2003, “Life after graduation as a ‘very uncomfortable world”: an Australian case study” Education & Training vol. 45 no. 2, pp. 69-78 8. Thompson, P. and McHugh, D. 2009, Work Organizations, Palgrave Macmillan, London…

    • 2163 Words
    • 9 Pages
    Satisfactory 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
  • Good Essays

    There is a tendency to acknowledge the existence of hard and soft skills. The table (Appendix I) shows the spread of soft (non-technical) skills and values in different accounting specializations. Based on this table the conclusion would be that any specialization requires a great range of non-technical skills. Different areas require different levels of those skills.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Final

    • 2310 Words
    • 10 Pages

    In any field or practice, skills are either gained or further developed. As an accountant is it important to develop skills like knowledge of basic accounting principles, ability to conduct research, hard work ethic, etc...Rarely is it thought of that accountants are leaders, but leadership skills are also very important for accountants. While I am just beginning my career in the accounting profession, it can already be seen the development of leadership abilities. Eugene Flegm wrote an article identifying four paradoxes for accountants. The first paradox is how to balance the need for those good with technical skills with the need for articulate managers. The second paradox is the auditee paying the auditor causing independence problems. The third paradox is the precision of bookkeeping and the subjectivity of applied accounting theory. The fourth and final paradox is the education of accountants (Flegm). The first paradox deals with the relationship between the two main personalities. The introvert is someone who has the technical skills. An extravert is someone who has the articulate skills. While many accountants have the personalities of an introvert, it seems as if employers are looking for those with extravert personalities. From a leadership perspective, it is important to have the correct technical skills to be able to teach the staff and correct them when errors…

    • 2310 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    My ideal career is in accounting. I have determined that this field is best suited for me through career assessment tests, learning styles assessments and by actually working in this field for several years. I have been interested in accounting since taking my first accounting class in high school. It was then that I found that not only was I good at bookkeeping but also enjoyed it.…

    • 2044 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Proposal

    • 2618 Words
    • 11 Pages

    Surridge, I.(2008), Accounting and finance degrees: is the academic performance of placement students better? Accounting Education: an international journal, (forthcoming)…

    • 2618 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Career Path for Acounting

    • 2753 Words
    • 12 Pages

    It is always so hard to give the exact number of people who have majored in accounting, but one thing that I know is that the demography is very wide and large. This is because they have different reasons for majoring in this career path. The most common reason to all people is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing immensely and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career path that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating language in the world of business and this is why many chief executive officers hold a degree in this field. In the day today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who venture into it will always have the best job positions waiting for them because many people always have a notion that it is a difficult discipline. The employment opportunities are abounding for the graduates majoring in accounting. The government figures shows that at least 1.2 million of jobs are held by accountants every year. According to the Feldmann, 2009 and also the survey done by the Institute of Certified Public Accountants (AICPA, 2000) the graduates are declining but after revisiting their research in the year 2005, it reflected an increase in number of the accountant graduates. This has…

    • 2753 Words
    • 12 Pages
    Good Essays
  • Good Essays

    In this article, the ethical considerations that are involved for financial decision-making are that the American Institute of Certified Public Accountants (AICPA) follows a professional ethics code of conduct. This code requires that all accountants use these codes in their business operations to guide them in the use of professional and ethical behavior. Also required by the AICPA is that all accountants are willing to make a pledge or commitment to use honorable behavior in their practices, even if this is at the expense of any personal benefits (Think+Up, 2011).…

    • 515 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Business Memo

    • 2485 Words
    • 10 Pages

    The Core Competency Framework defines a set of skills-based competencies needed by all students entering the accounting profession, regardless of the career path they choose. The Framework is an online resource (www.aicpa-eca.org) that educators can utilize to develop or reform curricula to support the development of a set of competencies aimed at helping students acquire the knowledge and develop the talents that will lead them to personal success in the accounting profession. The Framework focuses on skills and is not structured around traditional subject/content areas or accounting services. A skills-based curriculum versus a knowledge-based curriculum is advocated because the body of knowledge and the accounting profession are changing so rapidly. Although knowledge requirements will change with time, the core set of competencies identified by the Framework will have long-term value and will support a variety of career opportunities for the future CPA. The competencies are arranged under the following three categories: Functional Competencies, technical competencies most closely aligned with the value contributed by accounting professionals; Personal Competencies, individual attributes and values; and Broad…

    • 2485 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    Reflective Statement

    • 1643 Words
    • 5 Pages

    [8] Zaid, O. A. and Abraham, A. (1994). Communication skills in accounting education: perceptions of academics, employers and graduate accountants. Accounting Education: An International Journal 3 (3), pp.205-221…

    • 1643 Words
    • 5 Pages
    Best Essays
  • Good Essays

    Understanding, logic, analytical thinking and attention to detail are all important attributes you need to be successful in accountancy. Add these attributes to the…

    • 675 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Career in Accounting

    • 1584 Words
    • 7 Pages

    One of the major careers being practiced today is accountancy. Thousands of people are completing their degrees in accounting because there seems to be a bright future for accountants with the appropriate qualifications. Accountants, in their career, help ensure that the organizations are running more efficiently, public records are kept more accurately, and taxes are paid properly and on time. They perform important functions by offering a wide volume of business and accounting services to their clients. Accounting career paths vary and this is why many times one has to consider the path that they want to take. After graduating, with an accounting degree, most people do not have a specific idea of what sector to work for.…

    • 1584 Words
    • 7 Pages
    Powerful Essays