What is the role of an accountant? The role of an accountant is generally described as someone who handles the financial records of the business and prepares the financial statements for them. There are different types of accountants though‚ and this essay looks at what roles these are in particular‚ looking at how they are similar and how they differ from each other. This essay will look at the role of the accountant in smaller businesses‚ like family businesses‚ and the wider business environment
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Staff Accountant Emilee Nagele College of Western Idaho Abstract Accounting is the language of business. Accountants help make sure that individuals do their taxes‚ get their financial statements made correctly. The job description of an accountant includes making financial statements‚ fixing general ledgers‚ and helping their clients with taxes during the tax season. Accountants have to have specific education‚ which can include a bachelor degree and the CPA exam. Many accountants absolutely
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strategic decisions and to oversee the organization activity‚ makes contribution towards effective governance. As a professional Accountant my involvement was toward evaluating and improving governance‚ risk management‚ and internal control‚ which represent core competences/capabilities of professional accountants. Organizations can be assured that professional accountants are able to contribute strongly in meeting organizational objectives in these areas.
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The Dilemma of an Accountant Studying the ethic case the dilemma is whether Dan Potter‚ who was assigned to an audit assignment should go by the audit and guidelines or whether he should disregard the ethical standards and continue to follow the instructions of his immediate boss. Dan Potter is working as a staff accountant at Baker Greenleaf. Dan final had an opportunity on first major audit assignment. This assignment required him to work under the supervision of his senior‚ Oliver Freeman‚ on
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Accountants and Writing The article Improving Accounting Students’ Writing Skills is about how many accounting students don’t realize how much writing is truly involved with being an accountant. It also explains that communication skills are one of the five core competencies outlined in the CPA Vision Project‚ tested on the CPA exam‚ and demanded by employers. Due to advancements in technology‚ accountants are spending less time gathering‚ processing‚ and reporting information‚ and more time strategizing
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The ethical dilemma in this case is one that Daniel Potter is faced with. Daniel is a staff accountant at a Big Eight accounting firm‚ Baker Greenleaf. He was given the duty of performing an audit on a wholly-owned real estate subsidiary (Sub) of a long-standing and important client of his firm. Oliver Freeman is Daniel’s project manager. Oliver is the one that gave Daniel the task of performing the audit‚ and he is expecting a clean opinion from Daniel on the analysis of the Sub in
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Jones and Shephard Accountants (Chapter 3‚ pp 138 - 140) This week ’s assignment consists of a case study from the text. Read the case study and prepare answers to the essay questions listed here. If the question is asking your opinion‚ you must provide a rationale or evidence from the case to justify your position. When you are ready‚ Click the Begin Checkpoint button below‚ where you will enter your answers. Please make sure to prepare your answers before you enter the Checkpoint assignment
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Internal Accountant’s Report to Management The company is thinking about performing a full financial status review prior the release of an upcoming government contract bid. This report will provide supporting information for a full financial status review prior to bid. This supporting information will include the impact of occupational fraud and abuse on the company and how the governmental oversight of accounting and fraud affects the company. The report will also provide potential corruption
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Week 3 Homework 16-26 Weaknesses in Jameson Company ’s Internal control procedures: INGREDIENTS INVENTORY 1. The raw materials are received by one of the employees of the batching department and it is only at the end of the day that tallies are given to the inventory control department. Reason: There is no control to ensure that the actual raw material signed in is actually received and used. 2. The inventory control department uses weekly reports of production and standard formula to
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Financial management L. Fung AC3059‚ 2790059 2012 Undergraduate study in Economics‚ Management‚ Finance and the Social Sciences This is an extract from a subject guide for an undergraduate course offered as part of the University of London International Programmes in Economics‚ Management‚ Finance and the Social Sciences. Materials for these programmes are developed by academics at the London School of Economics and Political Science (LSE). For more information‚ see: www.londoninternational
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