854 Search Results for Future of Accounting Profession
Admission to graduate school depends on the test takers scores on the verbal and quantitative sections of the GRE.
Background of the GRE
Historically speaking, there has been widespread criticism of the GRE, as some have argued for decades that GR Continue Reading...
CPA Interview
I interviewed John Perez who is a recent graduate of Florida International University. John obtained his CPA designation shortly after graduation in 2009. He currently works for Macy's Inc., in Cincinnati, Ohio as a corporate accountan Continue Reading...
Ethics
Cable provider Adelphia was one of the major accounting scandals of the early 2000s that led to the creation of the Sarbanes-Oxley Act. A key provision of the Act was to create a stronger ethical climate in the auditing profession, a conseque Continue Reading...
However, there has also been hesitation within government to challenge auditors too aggressively. Because accounting scandals have the power to wipe out a major auditing firm, there is considerable sentiment that the existing industry structure nee Continue Reading...
Blowhard. However, the accountant has a responsibility to the law of the United States, to the ethical standards of the accounting profession, and to the present and future investors and shareholders of the company to create an accurate perception o Continue Reading...
There are two courses presented that appear to be very interesting. The first is "special topics in accounting," which addresses ethical concerns. This is very important since accountants need to be ethical persons. The cut and thrust of business so Continue Reading...
Some mergers and acquisitions (M&as) did not generate any goodwill because they were accounted for using the pooling-of-interests method. In 1969, Leonard M. Savoie (then Executive Vice President of the AICPA) stated that he expected the then-pr Continue Reading...
Ponzi SchemeBernie Madoffs Ponzi scheme is one of the biggest scandals that have faced the U.S. Securities and Exchange Commission. The beginning of this scheme can be traced back to 1960 when Madoff started his brokerage company, which grew to becom Continue Reading...
The first set of rules required in-house lawyers to report frauds to the organization's highest authorities. The second set provided exceptions to the general rule on legal confidentiality. Both sets were heatedly discussed for decades. Similar scan Continue Reading...
Auditing Discussion
a) The public accounting profession has taken a number of steps to minimize potential bias towards important users. The profession has specific standards for auditing, a separation between auditing and consulting roles, and other Continue Reading...
As one commentator has stated, the presence of two different sets of accounting rules, each plagued by imprecision and subject to multiple interpretations, gives corporations "two different bites at the apple." (6) What used to be seen as an economi Continue Reading...
The ethical demands of accounting extend beyond merely advancing the interests of the client.
B. Personal views
The issues of balancing the ethics of one's profession with the need to do one's job do not merely pertain to accounting, but touches u Continue Reading...
Using his theory and trends in current literature, it is safe to assume that environmental auditing is the new social norm in the business community. Those that do not follow this norm will not be able to sustain a competitive advantage in the futur Continue Reading...
Stock Options
Payment of stratospheric compensations to the corporate executives by the dot.com companies is the talk of the day. It is pertinent to note that these compensations are paid not only in terms of the cash compensations but also in terms Continue Reading...
Alleg Balance Sheet
Current assets:
Cash
$13,000
Market Securities
$17,000
Account receivable
$26,000
Inventories
$30,000
Total Current assets
$86,000
Plan and equipment:
Land and buildings
$57,000
Machinery
$125,000
$182,000
Less Continue Reading...
If the right employee is chosen then the knowledge that they gain while abroad can be a valuable asset when they return home. They develop an intimate relationship with a different market than the parent company. This knowledge can help the parent c Continue Reading...
Joining Professional Organizations
The significance of professional organizations as far as career growth and professional development are concerned cannot be overemphasized. One of the important benefits of joining a professional organization is th Continue Reading...
" (Duska and Duska, 2003)
Duska and Duska state that the accountant has three obligations:
1) to be competent and know about the art and science of accounting;
2) to look out for the best interests of the client; avoiding the temptation to take ad Continue Reading...
Rite Aid Fraud
Over the years, there have been numerous cases of financial fraud perpetuated within the organizational mainstream of major companies. Financial fraud is often a well-coordinated sort of white-collar crime that often -- but not always Continue Reading...
Convergent questions seek one or more very specific correct answers, while divergent questions seek a wide variety of correct answers. Convergent questions apply to Bloom's lower levels of Knowledge, Comprehension, and Application
and may include q Continue Reading...
Compliance Manager
THE COMPANY OVERSEER
Compliance Manager in the Healthcare Industry
Job Description
The Compliance Manager oversees compliance throughout the healthcare company as an objective and independent function (ACHE, 2012). He makes sur Continue Reading...
Business Major
A major in Business Management seems secure, and yet, it could be easily rendered an obsolete concentration. If Business Management were rendered obsolete, it would have adverse implications on the economy, on issues related to social Continue Reading...
The next three categories deal with the lack of information: 4) lack of information about the career decision-making process, itself; 5) lack of information about one's own capabilities, personal traits or interests; 6) lack of information about occ Continue Reading...
IntroductionAccounting is the language of business. It allows executives to share and articulate the performance of a business from a financial perspective to shareholders. It also provides management with valuable insights into the overall success o Continue Reading...
Organizational Culture and Sustained Competitive Advantage
Organizational culture is a defining feature of every organization. The unique culture that every organization displays has an affect on its ability to remain profitable. Culture can have ei Continue Reading...
Sarbanes-Oxley.
The political pressure of the past several years following the dot.com bubble and the collapse of several major companies created a need for new securities legislation, which culminated last year in the Sarbanes-Oxley Investor Protec Continue Reading...
applying for admission to the Lubin School of Business at Pace University, with an Accounting specialty. I have earned a Bachelor's degree in Accounting, and currently that is my field of practice. An MBA from Pace University is a critical element i Continue Reading...
Alreck, P., & Settle, R. (2011). The survey research handbook (3rd ed.) New York, NY: McGraw Hill.
Alreck's book offers an effective method in research. The book is a very powerful way to acquire information focused directly and immediately on t Continue Reading...
Corporate Governance in Harris Scarfe:
Harris Scarfe Department Stores is a company that was founded in 1849 in Adelaide, South Australia and housed various major South Australian department stores. The history of the organization is traced to a per Continue Reading...
Understanding how to brand one's product or service, and knowing what makes a consumer buy a particular item or choose a particular service is essential for entering all types of commerce.
Another personal reason I seek to master in marketing is th Continue Reading...
Success cannot be generalized; too often the word is used as a term referring to financial independence or owning one's own company. Yet the sanitation worker who goes to bed each night with a smile on her face also connotes success in the modern wo Continue Reading...
Ethical and Legal obligations in financial reporting is extremely important in today's world, fraught as it is with corporate frauds and accounting scams and scandals of every other sort. One Company, the Thornburg Investment Company, has taken a fir Continue Reading...
Starting Up a Small Business (cpa or Accounting Firm)
Establishing a small business is one of the most challenging yet highly rewarding opportunities available to entrepreneurial individuals. During the height of the technology boom in the mid-late Continue Reading...
In the contemporary business environment, the accounting profession has undergone a fundamental change, and the traditional accounting systems are no longer adequate to satisfy a recent accounting domain. Thus, a call has been made to expand the scop Continue Reading...
Disregarding its Ethical Code. Enron had its own set of Ethical Code, but it became redundant because the top managers at the company hardly paid any heed to it. The corporate culture at the company was focused on making "deals" and increasing Enro Continue Reading...
Ethical Imperatives for Rational Paternalism in Advisor-Client RelationshipsInstructions:2/ Here is the one issue that I still dont have clarity on: what is your operational definition of rational paternalism for the purposes of your study? Here are Continue Reading...
Ethical Imperatives for Rational Paternalism in Advisor-Client RelationshipsDissertation ProposalAbstractThis study seeks to understand the role of ethics and rational paternalism in the practice of financial advising. A significant amount of researc Continue Reading...
Financial Reporting and Analysis
Accounting Quality
The Sarbanes-Oxley (SOX) Act was created with the intent of improving the quality of accounting, reliability of financial statements to investors, and providing oversight to accounting professiona Continue Reading...
Behavioral Finance and Human Interaction a Study of the Decision-Making
Processes Impacting Financial Markets
Understanding the Stock Market
Contrasting Financial Theories
Flaws of the Efficient Market Hypothesis
Financial Bubbles and Chaos
The Continue Reading...