Why Choose a Masters in Taxation? Essay

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Personal Statement: Master's In Taxation

It is often said that 'there is nothing certain but death and taxes.' I would beg to disagree with the latter statement. Although the existence of taxes may be a reality, the way in which the tax code and accounting standards will change and take shape is anything but certain. Pursuing a master's in taxation would deepen my knowledge of the tax code and enable me to become more flexible in dealing with the inevitable changes that will occur in the profession and tax policy over the next several decades.

The tax code is in a state of transition, and accountants and other finance professionals must be prepared to cope with issues such as the rise in importance and the use of more philosophically-based International Financial Reporting Standards (IFRS) versus the more technically-oriented Generally Accepted Accounting Principles in (GAAP) in the U.S. The increased concern about corruption and unfair corporate 'tax breaks' means that accountants will be more busy than ever dealing with new legislation, new ethical and professional standards, and the demand to balance the needs of clients with the demands for high standards within the profession.

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The influence of technology is also fostering new growth in the profession. Persons in the field must be aware of how to use technology to account for the expenditure of organizational resources. Obtaining my master's will give me a needed foundation in the use of IT in….....

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"Why Choose A Masters In Taxation " (2012, April 29) Retrieved May 16, 2024, from
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"Why Choose A Masters In Taxation ", 29 April 2012, Accessed.16 May. 2024,
https://www.aceyourpaper.com/essays/choose-masters-taxation-112222
   

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