Accounting Is The Most Boring - 1478 Words

Accounting is commonly depicted as the most boring, yet reliable profession possibly offered in the business school. But what if accountants managed to scam millions? How about billions? Accounting is a seemingly innocuous career, but corporations can manipulate their current financial state and become more appealing to investors with some clever help from their accountants. Accountants could embellish financial statements or secure higher balances for wage expenditures. A typical corporate mistake is improperly segregating duties of employees. If someone has more than one task, such as recording inflow of cash and controlling where it goes, then a chance of embezzlement can occur. Embezzlement is when an employee, usually under good faith, takes a small sum of money to pay personal finances under the guise of paying it back, but does it so often that they eventually get caught by an increased amount of missing cash. The SEC, Securities and Exchange Commission, carefully monitors the se conniving, dishonest businesses. To enhance the duties of this agency, President Bush in 2002 signed the Sarbanes-Oxley Act, which dictated that publicly traded companies must maintain adequate internal control systems. Despite the strong reinforcements of regulating agencies such as SEC commissioners and auditors, corporations still manage to circumvent the proper accounting techniques that prevent fraudulent behaviors. Because of the consequences observed from the Enron and WorldComShow MoreRelatedRelationship Between Business And Finance And Accounting779 Words   |  4 PagesIn the world-at-large, Finance and Accounting are often erroneously linked together. As if to say, they are one-and-the-same – a sort of a misnomer, you can say. In conversations concerning both disciplines, the colloquial marriage of both business sectors is as common place as light is to the day. It is true, that to successfully manage a business, both principles must be applied in equilibrium t o replicate success in any organized venture; however, their differences are highlighted in trainingRead MoreInternship at Accounting Firm X: A Personal Reflection1281 Words   |  5 PagesDuring my time at Accounting Firm X I learned many lessons that apply not only to accounting and the principles and practices associated with that subject, but also to life as a professional in a real world work setting. The purpose of this essay is to highlight my experiences at Accounting Firm X to shed light upon key learning experiences that can contribute to a holistic educational experience. In this essay I will first describe my goals and expectations. Next, I will go in to detail about myRead MoreWhy Should You Choose Accountancy1408 Words   |  6 Pagespursue BS – Accountancy. Maybe, most of you are not decided yet. Believe me this career guidance will help you. Let us thank Sir Edgar for this great opportunity. [Before we proceed, how many of you are planning to pursue accounta ncy?] Mention the word â€Å"accountancy† what comes first in your mind? People immediately think of figures, numbers, adding, subtracting and a big line of books. To most, accountancy is something dead, old and boring. Yet accountancy is not a boring, nor dead subject – in factRead MoreInformative Speech on Accounting outline1684 Words   |  7 Pagesa bad reputation as being both boring and dishonest, and also expound on what accountants actually ‘do’ in our world/why we need them. Finally, I am going to explain how accounting, as a profession, can be used for the greater glory of God. Rhetorical Purpose: To inform my audience about accounting, as a profession, and how it can be utilized for the greater glory of God. Redemptive Purpose: To inform my audience how the professional vocation of accounting can serve as a platform for promotingRead MoreResearch At Rutgers University1200 Words   |  5 Pagesinternship has taught me so many different things about Rutgers, grants and contracting and the accounting process. Rutgers is in the Big Ten for sports. What I didn’t know, is that they are also in the Big Ten for research. Being a part of Rutgers University, most people are required to do research. The people that do research at Rutgers get funding from different organizations to help with the research process. Most of the research is Federally Funded. The Federally funded research requires special stepsRead MoreWhich Type of Accountant do I Want to Be: Private versus Public Accounting842 Words   |  4 PagesFor all accounting majors one tough decision each of us must make before graduation is whether or not we want to work in private or public accounting. The usual question that we always bring up is which one makes the most money? Well, that question should hold little importance. The more important questions are what kind of opportunities will each career path open up in the field of accounting and whether or not you personally feel that the public accounting lifestyle is the right fit for you. Read MoreSection 1.1: Aim Of Report. This Report Will Briefly Go1157 Words   |  5 Pagesmanagement accounting and its effect on performance, then finally how this course will prepare me for a career in management accounting. Section 1.2: Introduction Management Accounting can and has been defined as many different things since its creation. It’s definition changing with the ever evolving role of the management accountant. The term management accounting was created in the 1950’s by the Anglo-American Productivity Council where they defined it as â€Å"The presentation of accounting informationRead MoreAs An Accounting Major, It Is Kind Of Odd That This Is1163 Words   |  5 Pages As an accounting major, it is kind of odd that this is the most I’ve actually researched possible careers in accounting. But through my research, I’ve found many different possible careers that my degree could get me. There were dozens ranging from jobs that required an associate’s degree in accounting, all the way to careers that required a master’s degree in accounting, as well as certificates that closely relate to them, and they paid anywhere from $30,000 to over $100,000. To be completely honestRead MoreFa ctors Affecting Students Career Choice in Accounting2034 Words   |  9 PagesChoice In Accounting: The Case Of A Turkish University Ali Uyar, Fatih University, Turkey Ali Haydar Gà ¼ngà ¶rmà ¼Ã…Ÿ, Fatih University, Turkey Cemil Kuzey, Fatih University, Turkey ABSTRACT This study investigates the reasons that influence students’ career choices in accounting. In order to determine these reasons, a questionnaire survey has been employed. The empirical findings can be divided into two categories. First, students who have a desire to work in accounting field assume that accounting fieldRead MoreIt Took Me Three Semesters1646 Words   |  7 PagesIt took me three semesters in college to declare a major. I decided I wanted to go for Accounting. Ever since I was in elementary school I really enjoyed my math classes, but at that age I didn t quite have a clear idea of where I wanted to go with that. Math has aways been my favorite subject. I always thought about going into a field that required a lot of math or numbers in general . My two top choices were either being a Math Teacher or somewhere in the Medical Field. I first grew interest