Memo To: From: Date: October 7‚ 2012 Re: Hiring a managerial accountant for internal accounting The purpose of hiring a managerial accountant is to focus on the internal accounting system. His or her goal will be to comply with the outside demand of bankers as well as summarize the data that will be used to manage and control the business better. He or she will be responsible for paying close attention to short-term goals on day to day basis and make sure that the long-term goals of the
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Recommendation Brief for an Internal Accountant Recommendation Brief for an Internal Accountant A client has an out-of-control system that is in need of change to get it back into control. Internal controls are an important part of a company. The role of internal controls is to keep mistakes from occurring as much as possible. It also aids in preventing individuals from being dishonest. The system the client is using is out-of-control‚ and it is highly recommended that the company
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role of an accountant has changed over time. Discuss the role of the accountant in modern business. I. Introduction A. Background B. Why is it important? C. Thesis statement: This essay will argue that the role of an accountant has dramatically changed over time because of three main reasons‚ focussing on the improvement of technology‚ the expansion of knowledge and the complexities of business. II. Body A. Descriptive questions ( the basic information of accountants) 1. What
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duties of professional accountants Ethical principles of auditors Technical and ethical competence of auditors Essential disciplinary measures for auditors 2 Concept of a profession • Five attributes of a profession – a systematic body of theory – authority of professional bodies – community sanction for control over membership and accreditation – ethical codes – a professional culture 3 The duties‚ rights and values of a professional accountant • Duties to sustain a fiduciary
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♦ Independence – the auditor is independent through status and is truly objective in expression of opinion. ♦ Evidence – an auditor arrives at his opinion through the systematic collection of evidential data on which his judgement is based. ♦ Responsibility – the auditor does not prepare financial statements or guarantee their accuracy nor is he a business valuer. He is not responsible for the prevention or detection of immaterial fraud. Mautz and Sharaf in their seminal work The Philosophy of Auditing
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M1 – Explain in detail the responsibilities of the different levels of government in the UK The central government is responsible for the health and safety of people‚ they provide health and safety by maintaining and improving the quality of the environment. The government also has the power to make laws for the entire country‚ in contrast with local governments. However‚ the Prime Minister (David Cameron) is head of the UK government so he’s responsible for all of the policy and decisions he
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Chartered Accountants (CICA) conducts research into current business issues and supports the setting of accounting‚ auditing and assurance standards for business‚ not-for-profit organizations and government. It issues guidance on control‚ best practices and governance‚ publishes professional literature‚ develops continuing education programs and represents the CA profession nationally and internationally. Together with the provincial‚ territorial and Bermuda institutes/ordre of Chartered Accountants‚ the
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THE ROLE OF AN ACCOUNTANT IN THE IMPLEMENTATION OF IFRS It is often said that an organization without an accountant is not a serious organization as it has no credibility. This is because the accountant is seen as the financial “gatekeeper” whose presence within an establishment underlines a commitment to sound financial principles and good business values. It is known that almost all aspect of human activities have undergone changes globally as a result of improvements in hi-tech Information and
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management includes strategic analysis‚ strategy formulation‚ strategic choice‚ strategy implementation and control strategic decision for an organization to deploy resources into new opportunities. Strategic management is important for Chartered Accountants‚ CEO‚ Directors‚ Managing Directors‚ Strategy Planners‚ Students and Faculty Members of BBM‚ MBA‚ M.Com‚ PGDM‚ PGDBM‚ PGDHRM‚ ICFAI and competitive examinations in India and abroad. I invite suggestions from one and all for improvements in next
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life I have been fascinated with calculating numbers and figures. Over years of career research I’ve found that being a Certified public accountant is a perfect fit for me. Being a CPA is much more than accounting. Being a CPA comes with having respect‚ prestige‚ job security‚ personal growth‚ and not to mention money and other benefits. Certified Public Accountants gain prestige and respect through their training and experience‚ their virtues‚ ethics‚ and character; which are all tested as well as
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