Accountancy College Essays Samples For Students

Definition of Certified Public Accountant

The term Certified Public Accountant is more popularly known by its acronym “CPA”. It is a professional title given to accountants based in the United States and other countries who have successfully passed the “Uniform Certified Public Accountant Examination” and have also met all the additional requirements that are associated with this certification. In some cases if the person does not fulfill all the requirements of this certification then they are allowed to use the title “CPA inactive”. In general, only certified professionals are allowed to analyze the financial statements for their clients in most of the states in the ...

Task 1

This section presents a brief report of the research conducted on local accountancy firms. It clarifies the accounting services offered to the clients. It begins by giving an in depth understanding of the various services offered and the utility added to the client. Services generally range from independent auditing, tax advisory and financial planning advisory.

A research on services offered by local accountancy firms indicates that most of local firms offer both managerial accounting services and financial accounting services. Under managerial accounting services, the firms aid clients with the understanding of how management decisions should be made for business performance. ...

I. Professional conduct standards in general

Evaluating whether a person has the necessary education to qualify to be an accountant;

Organizing and administering the accountant examination,
Licensing people that pass the exam.
Monitoring and disciplining of licensed accountants that do not comply with the rules and standards as set forth by the board.

Organize continuing educational programs for accountants under their jurisdiction.

The enforcement capabilities of the AICPA and state boards of accountancy include:
The AICPA may revoke or suspend a CPA’s membership but cannot terminate their accounting license
If there is a conflict in the between the codes of conduct of the AICPA and a state board of accountancy, the rules of the state boards of accountancy would supersede. This ...

Introduction

The choice of one’s career path is partially determined before one joins college or other institutions of higher learning. I am no exception to this, as I knew the career path that I wanted to pursue before I went to college. Imagine that you own a firm that needed attestation ad assurance services, share and debt issuings, mergers and acquisitions and initial public offerings. Which professional will you call upon? Imagine you require services like tax planning and preparation, estate planning, financial analysis, financial accounting, financial reporting, venture capital, management consulting, income tax and performance management. Which professional will ...

Introduction:

Ethics refers to the system consisting of moral principles and a branch of philosophy which explains what is good for individuals . Ethical behavior is usually explained by an organization’s code of conduct. It illustrates how members of an organization are expected to behave and take decisions.
Ethical dilemmas are certain situations where there is a conflict between moral imperatives . Obeying one of them would lead to transgressing the other one. Everyone has responsibilities to behave ethically and fulfill their moral obligations. Almost everyone comes across situations where their moral and ethical obligations are challenged. It is very important to ...

Managing diversity in the business management context

Ethnicity and discrimination based on gender in the labour market have been highly prevalent in recent years with many nations and their governments searching for alternative strategies and developing policies to reduce it. Education has for so long been perceived as the only avenue through which this menace can be addressed, and policymakers have been trying to regulate it in such a way as to offer equal opportunities to all individuals. There has been a marked improvement in registration into institutions of higher learning by young BME people in recent years in the UK. This is mainly fueled by ...

Westminster Business School

Module Code: BHRM 401
COURSEWORK ONE
CAREER PATHS INTO MANAGEMENT
AND
THE FOUR REMEDIAL STRATEGIES
Seminar Leader name: __________________
Abstract
Rees and Porter model and concept of managerial escalator fits in the two mangers career path in becoming the managers. Both the mangers begun their careers as specialist. Overtime, they gain more experienced and received relevant training that prepared them to carry out their current roles. The trainings equipped them with vast managerial skills which satisfied Rees and Porter concept of hybrid managers. Furthermore, the trainings helped reduce managerial gaps as both the mangers showed great love and respect ...

Reflection Paper about ACCA and CMA

The ACCA, which stands for the Association of Chartered Certified Accountants, is one of the international bodies for the professional accountants based in the United Kingdom. It was established in the year 1904 by eight individuals. During its initial years, ACCA was known as the London Association of Accountants. Its name changed to ACCA in 1984. The core values of this accounting body have been accountability, integrity, innovation, diversity, and opportunity. Regarding membership, ACCA supports 455,000 students and 178,000 members in 181 countries (ACCA, 2015). Consequently, this demonstrates that ACCA is popular, especially in the Commonwealth nations. ...

Accountant refers to a person who practices accounting or accountancy. Accountancy refers to the measurement, disclosure or provisions regarding financial information, which will enable managers, investors, tax authorities to make a decision regarding the allocation of resources. The accountant works for the financial area of the organization which involves collecting, recording, analyzing and presenting about the financial operations of the company. The role of accountant might vary based on the size and level of operation of the company. In the case of a small-sized business, the role of accountant might be limited to the collecting of financial data, entering ...

Society (k) is a social enterprise that trades to support a community’s environmental, economic, and social welfare. This kind of organization declares the following items: and the environmental mission to benefit the public; has to declare a substantial level of income reserved to the work of charity; the company has to reinvest most of the profit to fulfill the organization objective. Social enterprises have private ownership to enable independent authority and can wind up operations after attainment of objective. The duties of a social enterprise go beyond the observance of corporate social responsibility since it is an integral mission objective. This organization ...

International Financial Accounting Standard 13

International Financial Accounting Standard 13

Abstract

It is without a doubt that the fair value accounting faces numerous reproaches resulting to the never ending debate about its applicability as well as effectiveness. Although un-common, the issue of fair value accounting has been taken over by the political observers, as well as politicians themselves, business front-runners, and the professional associates. Such a move would be attributed to its significance in the current market of recent times. Because of the notion that the knowledge of the market plays a significant role in the success or failure of a company, it was imperative for each and every ...

Introduction3

Core Standards Project4
Toward an International Code of Ethics.5
Conclusion..7
References..9
Introduction
Since the 1980s, the transformation of accounting in the global financial landscape has led to significant transformation in ethical rules to professional practice. In the international acquisition context, the development of a new ethical accounting best practices framework establishes a baseline decision model for managing challenges in cross-border transactions. Multinational corporations obliged to accounting standards compliance in both the home country, and foreign jurisdictions work toward resolving ethical dilemmas according to legal rules of preemption, and in conjunction with international policy guidelines.
In ...

The selection of a lifetime career in line with my aspirations and talents has been nothing short of exhilarating. Though it has been challenging and at times disappointing, the results have been worth the effort. This course has influenced the decisions that I have been making regarding my future. After I am through with my course I can now confidently reflect on my performance and preparedness for a career in business. This reflective statement presents my career selection, application of knowledge, opportunity research, decision making, opportunity awareness and self awareness throughout my quest to forge a successful career out of the course ...

Question 5

International Tax Systems: Approaches to Transfer Pricing
Globalization is the new trend as companies are increasingly expanding beyond their domestic borders. Globalization is motivated by the need to seek new markets, diversify operations internationally, take advantage of differing tax laws among a myriad of other reasons. In order to take advantage of differing tax laws, multinational companies use transfer pricing. This paper discusses transfer pricing and the various approaches to transfer pricing. This paper will also discuss the recent developments in transfer pricing.
Transfer pricing refers to the determination of prices for transfer of goods between subsidiaries both ...

Introduction: The present literature attempts to study the need for the adoption of IFRS as global accounting standards and its impact on the current tax planning strategies followed in the United States.
What is IFRS: To begin with it becomes inevitable to develop a basic understanding of what exactly does the term IFRS convey. International Financial Reporting Standards (IFRS) was formed by International Accounting Standards Board with an intention to serve the growing needs of public companies on a global platform to prepare their financial statements according to a global standard in order to ensure transparency and uniformity in the projection ...