Managerial Accounting Accounting: An Interesting and Diverse Career Within the Career Path of Accounting there are certainly a diverse range of options. One can choose to be a Corporate Accounting Assistant, an Accountant, a CPA (Certified Public Accountant), a CMA (Certified Management Accountant), a Forensic Accountant, an IRS Agent, an International Accountant, a comptroller (or controller), or even a Chief Financial Officer (CFO). This is just a few careers in accounting. Accounting also offers all levels of positions from entry level to senior level. One can also be an entrepreneur in the accounting field.
This professional development goal has resided in my soul since I came into contact with accounting at the first time. As a financial management student from a leading national financial institution – Dongbei University of Finance and Economics, I learned that accounting plays a crucial role in a company and every decision about a company’s future financial investment depends on the financial statements. From further studies, I was fascinated with accounting because of its rigorous logicality. I entered into the realm of accounting when serving as an intern in “Dalian Fangyuan Certified Public Accountants Co., Ltd.” in Mar. 2011, and was employed by this firm as an Assistant Auditor since Jul.
* Mini Case (p. 45) a) Why is corporate finance important to all managers? All managers are mandated with a goal to improve the businesses bottom line. Successful corporations have two main goals they must meet to stay in business. The first goal is “identifying, creating, and delivering highly valued products and services to its customers.” (Brigham) The second goal is to generate “enough cash to compensate the investors who provided the necessary capital.” Behind every managerial action, the manager must ally every action they take with meeting the above two goals. In order to evaluate the success of those decisions, managers must be able to analyze their decisions and fully understand the impact past decisions will have on the past, present, and future health of the company.
January 5, 2012 FI515 Homework 1 Mini Case Why is corporate finance important to all managers? Corporate finance is the field of finance dealing with financial decisions that business enterprises make and the tools and analysis used to make these decisions. Corporate finance is important to all managers because it help managers learn the necessary skills select the corporate strategies and individual projects that add value to their company. It`s also tool for managers to know how to find funding for their company and what is the best strategy they need to adopt to do so. b.
I need to have a business plan. And a bank or a partner to financially to back me up. Also what my to be a successful business owner I might need a lawyer or someone to help me organize my business. Knowing how much start up money I need to get started. Set up my book keeping system.
Careers After considering many different types of careers that are available to study today I chose to complete my research paper on a Financial advisor. A financial advisor can do many things with his/her career such as buying and selling securities (stocks and bonds) on behalf of their clients, and being a financial planner for his/her clients, and much more. These qualified candidates that choice to peruse a career in finances very confident about quick decision making with little time to think it over, also have excellent communication skills with people. Although there is no official requirements required for a financial advisor many employers will expect a bachelor’s degree, along with previous coursework in finance, and/or accounting is helpful to your hiring process. Many places such as banks, and financial firms offer
This also includes educating staff about the responsibilities of maintaining costs. What are the reports that can be used for financial planning in an organisation? Profit and Loss Balance sheet Revenue and Expenditure report Cash flow statement Debtors and Creditors reports What is the process for preparing budgets or other financial plans? 1. Identify data that needs to be collected.
Master’s of Business Administration (MBA) Degree Career Argument Management 521 MBA Career Argument Construction In today’s society or workforce, the necessity for completion of a Master’s Program is at an all-time high. The argument of why continuing education and completing a Master’s program is clear. The success of completing a Master’s program and moving forward into a new career, further my current career, or start my own business will appeal to all markets and led to new opportunities; therefore making myself more marketable in the workforce and opening new doors or opportunities for advancement. University of Phoenix has a Master’s program for Business Administration, from which I am currently attending and willing to complete this program of study. The field that sparks interest is business administration because my experience over the past 20 years has been working with business administration; I believe I can further my knowledge and expertise in this field.
I oversee all the departments such as accounting, marketing, maintenance, guest relations and housekeeping. The part I love about my job is performing accounting related tasks such as creating various financial statements and preparing payroll. I keep in constant touch with our accountants and learn new things from them. I came to the realization that accounting along with finance is the best career choice for me. I believe that my MBA
Pursuing a Career as a CPA Star Keys Everest University Pursuing a Career as a CPA CPA’s are important to all businesses worldwide. A CPA is a Certified Public Accountant. Now what does that have to do with you? Well, I’m sure you have a job and if you do then it means a lot to you. Chances are an accountant makes your weekly paycheck or does your taxes each year.