Intro to Accounting

In: Business and Management

Submitted By cciudad
Words 1254
Pages 6
Name
School
Assignment
ACCT XXX – Accounting I & II

Abstract
I believe to make this career field more attractive I would provide in this presentation the various types of businesses, non-profit organizations, and government entities both nationally and internationally. In the private sector, accounting profession include such fields as bookkeeping, payroll clerks, general accountants, budget analyst, internal auditor, and controller. In the public sector, accounting profession is found in the areas of auditing, consulting, tax services, and numerous options as Certified Public Accountants. Government auditors, IRS accountants, FBI accountants, and GAO accounts are about a few of the careers offered by the government

Unit 1 Individual Project
In preparation to speak at a career fair to students at my local high school, I must ensure I cover key aspects to an accounting career as well as having the basic fundamental knowledge and skills required to perform necessary for this career. The first thing I determine is how much time I would be provided to speak at the fair, so I would have to arrange my presentation to fit that timeframe. Next I would determine who my primary audience are and adjust my agenda that would best cover the important aspects of having a career in accounting and my language to make it more appealing to high school students. My agenda would cover these areas of accounting: the primary objective of accounting, some basic terminology of the accounting procedures, how important this career field is on professional ethics, and the role of technology in the business.
Primary Objectives of Accounting. Since there are two different kinds of accounting, financial and managerial, it only makes sense to discuss their objectives separately. The primary objectives of financial accounting are to provide financial information to particular…...

Similar Documents

Intro

...strongest influences for changes. Accountability to our stakeholders through external organizations such as Joint Commission, performance improvement projects and patient safety initiatives has improved the way we do business. A conclusion was drawn that the change from a process-controlled departmentalized organizational structure to a patient-controlled team-based organizational structure has been beneficial for the patients and the clinic. References Chatain, O., & Zemsky, P. (2007). The Horizontal Scope of the Firm: Organizational Tradeoffs vs. Buyer-Supplier Relationships. Management Science, 53(4), 550-565. Eppler, M., & Mengis, J. (2004). The concept of information overload: A review of literature from organization science, accounting, marketing, MIS, and related disciplines. Information Society, 20(5), 325-344. Knoll, S. (2007). Cross-business synergies: A typology of cross-business synergies & a mid-range theory of continuous growth synergy realization. Wiesbaden, GER: Gabler-Verlag. Lash, R. (2012). The Collaboration Imperative. Ivey Business Journal, 76(1), 37-40. Nguyen, J., & Choi, B. (2011). Accountable care are you ready? HFM (Healthcare Financial Management), 65(8), 92-100. Zismer, D. K. (2011). The psychology of organizational structure in integrated health systems. Physician Executive, 37(3), 36...

Words: 687 - Pages: 3

Intro Doc

...Intro doc Wikipedia ([pic]i/ˌwɪkɨˈpiːdiə/ or [pic]i/ˌwɪkiˈpiːdiə/ wik-i-pee-dee-ə) is a collaboratively edited, multilingual, free Internet encyclopedia supported by the non-profit Wikimedia Foundation. Its 24 million articles, over 4.1 million in the English Wikipedia alone, are written collaboratively by volunteers around the world. Almost all of its articles can be edited by anyone with access to the site,[4] and it has about 100,000 active contributors.[5][6] As of February 2013, there are editions of Wikipedia in 285 languages. It has become the largest and most popular general reference work on the Internet,[7][8][9][10][11] ranking sixth globally among all websites on Alexa and having an estimated 365 million readers worldwide.[7][12] Wikipedia was launched on January 15, 2001, by Jimmy Wales and Larry Sanger.[13] Sanger coined the name Wikipedia,[14] which is a portmanteauof wiki (a type of collaborative website, from the Hawaiian word wiki, meaning "quick")[15] and encyclopedia. Wikipedia's departure from the expert-driven style of encyclopedia building and the presence of a large body of unacademic content have received extensive attention in print media. In 2006,Time magazine recognized Wikipedia's participation in the rapid growth of online collaboration and interaction by millions of people around the world, in addition to YouTube, MySpace, and Facebook.[16] Wikipedia has also been praised as a news source due to articles related to breaking news often......

Words: 595 - Pages: 3

Intro

...of deposits and to frame rules in consultation with Reserve Bank of India (RBI) prescribing (a) the limit up to, (b) the manner and (c) the conditions subject to which deposits may be invited or accepted / renewed by companies. The Central Government in consultation with RBI framed Companies (Acceptance of Deposits) Rules, 1975. Given the need for continued existence and growth of NBFCs, the need to develop a framework of prudential legislations and a supervisory system was felt especially to encourage the growth of healthy NBFCs and weed out the inefficient ones. Continuing this process, RBI Act, 1934 was amended in 1997 which authorised the Reserve Bank to determine policies, and issue directions to NBFCs regarding income recognition, accounting standards, NPAs, capital adequacy, etc. The amended Act, inter alia, provided for compulsory registration of all NBFCs into three broad categories, viz. (i) NBFCs accepting public deposit; (ii) NBFCs not accepting/holding public deposit; and (iii) core investment companies (i.e., those acquiring shares/securities of their group/holding/subsidiary companies to the extent of not less than 90 per cent of total assets and which do not accept public deposit). Until some years back, the prudential norms applicable to banking and nonbanking financial companies were not uniform. Moreover, within the NBFC group, the prudential norms applicable to deposit taking NBFCs (NBFCs-D) were more stringent than those for non-deposit......

Words: 1498 - Pages: 6

Intro

...Student: ASHLEY KRUEGER Instructor: McGraw - Hill Course: Connect For Education Connect Lucas GENERIC Sp10 - CFE Title: Ashley Krueger Specific Purpose: My purpose is to inform my audience about growing up and who I am now. Central Idea: Intro Sensitive, caring-sometimes too much, gets frustrated easily, honest, respectful, unfocused, and worrisome. These are just a handful of my traits and what makes me, me. I have learned many things over the last few years that have determined the type of person I want to be and who I don't. I have my good days and definitely my bad days, but all of these have helped me learn and grow. I will be letting you know of 4 different things about me. Where I come from, they type of person I was heading towards, how I have changed over the last few years and the type of person I want to be. Body I was born and raised in Springfield, Mo. It was my sister and I until I was 8, we wished and wished for my parents to have a baby boy. Well my mom got pregnant, but it was another girl. So we got a sister. At the age of 14 my parents got a divorce and since then I have gained a step-bro and sis and a half sis. It is a lot of fun for the most part having a big family because you always have someone to lean on and talk to. I am the oldest so I of course had the most responsibility and have had people that look up to me; I needed to be a good role model. I feel like I have done an okay job, with the exception of......

Words: 1112 - Pages: 5

Intro to Finance Chapter 2

...INTRO TO FINANCE CHAPTER 2 SUMMARY 1. The Balance Sheet Also known as Statement of Financial Position Lists the firm’s assets and liabilities The Balance Sheet Identity: Assets = Liabilities + Stockholders’ Equity Current Assets: - Cash or other market securities (short-term low-risk investments that can be easily sold and converted to cash) - Account Receivable (amounts owed to firm by customers who purchased on credit) - Inventories (raw materials, work-in-progress, finished goods) - Other assets (items such as pre-paid expenses like insurance) Long-term Assets: - Net property, plant and equipment (real estates or machinery that produce tangible benefits for more than one year) shows the book value of these assets (acquisition costs less accumulated depreciation) - Goodwill and Intangible Assets (brand names and trademarks, patents, customer relationships), suffers from amortization or impairment charge (value lost over time) - Others such as property held for sales, investments in long-term securities Stockholders’ Equity The difference between the firm’s assets and liabilities An accounting measure of the firm’s net worth Book Value is inaccurate as - Assets are mainly valued based on their historical cost rather than their true value today - Many of the firm’s valuable assets are not captured on the balance sheet (such as expertise,......

Words: 652 - Pages: 3

Intro of the Mac

...Amanda Perry Module 1: Intro of the MAC CCT 271 August 21, 2014 Steve Jobs was born on February 24, 1955 in Los Altos, California. Steve Wozniak was born on August 11, 1950 in San Jose, California (www.biography.com/stevewozniak). The pair founded Apple Computers Inc. on April 1, 1976 with Ronald Wayne. They were responsible for releasing some of the first personal computers on the market. Jobs and Wozniak partnered together to invent the Apple I computer in 1976. They were hoping to sell their first computer to their fellow members in the Homebrew Computer Club (www.biography.com/stevejobs). The Homebrew Computer Club was a computer hobbyist group out of Silicon Valley, California, and was founded by Gordon French in 1975. The group met together twice a week to exchange different ideas about computers and how to make them more accessible to people. The group consisted of many computer enthusiasts that later became high profiled hackers and computer entrepreneurs like Jobs and Wozniak (www.princeton.edu/homebrewcomputerclub). As time went on, the two continued to work on building bigger and better things like the LISA. In 1979, a crew from Apple, led by Jobs, decided to go and visit Xerox’s Palo Alto Research Center (PARC). It was said that Jobs walked away with a vast amount of knowledge and secrets from Xerox that he used in the original MAC. It was believed that the ideas behind the graphical computer display came from PARC when all actuality,......

Words: 573 - Pages: 3

Intro to Financial Accounting Assignment 1

...see whether company’s financial report follows the accounting rules they are reporting under in, free of errors, its fair and accurate, not biased, etc. This is important because these reports will be released to the public so it has to be fair and accurate to the public, investors, and creditors. It can have big impact to their stock prices and image if the public founds out that the reports are full of errors and biased. - People who lives in the and groups that wants to protect the environment near the oil refineries in Alberta o They would be interested in their financial reporting because they would need to see whether the company is helping the environment and investing in reducing potential risk of oil leaks. This is important because they are living near the oil refineries which could put their health at risks if an oil leaks do occur so they need to know the current situation of the company. Moreover, green and other groups will be interested in the report to see whether the company taking the initiative to help the environment. P2-5 1. I agree with the accounting decision made by Sheridan Corporation. This change in its shipment policy from f.o.b destination to f.o.b shipping point will affect their business as it relates to their revenue recognition rules they are using. Moreover, it allows them to recognize their revenue earlier as it’s the shipping point and not the destination. 2. I agree with the accounting decision made by Sheridan Corporation. The......

Words: 1269 - Pages: 6

Intro

...2005; Semmler, 2006; Wiedemer et. al. 2006) Below is a description of some specific events taking place in the different regions. a) NORTH AMERICA: A relatively mild contract in the economy of North America was caused mainly by the following collapses: Dot Com Bubble: A speculative bubble flourished during 1995-2001 and collapsed afterwards contributing to recession in the early 2000s. Stock markets in western nations experienced a rapid growth in new internet sector and related fields. September 11th Attack (9/11): Terrorist attacks on the World Trade Centre in the US after which an official recession was declared. Accounting Scandals: Rather political and business scandals caused by disclosure of misdeeds by trusted executives mainly of large public corporations, e.g. overstating revenues, understating expenses, misusing funds, etc. A large number of accounting scandals affected the US in 2002 such as Deloitte & Touche, Ernst & Young and PricewaterhouseCoopers scandals. (Koo, 2003; Brussee, 2005; Semmler, 2006; Wiedemer et. al., 2006) b) LATIN AMERICA: Argentina economic crises in early 2000 resulted in a decrease in real GDP. This economic crisis ended during 2005 but still poses strict challenges for the country. (Koo, 2003; Brussee, 2005; Semmler, 2006; Wiedemer et. al., 2006) c) ASIA AND OCEANIA: Asia was mainly affected by the Asian Financial Crises which occurred due to the economic unrest in 1997 resulting from the collapse of Kia in South Korea and Thailand....

Words: 3329 - Pages: 14

Intro to Biology

...Adam Richardson Kendra Merchant Intro to Biology lab The Scientific Method 1) What is the problem you are trying to solve? Whether light or dark colors would be more comfortable to wear on a hot, sunny day? 2) What is the prediction you want to test? Light colors are more comfortable to wear on a hot, sunny day? 3) How will you use the computer model to test your hypothesis? What steps will you follow? What data will you record? I will plug the jackets up to the 60 watts and test its temperature. The steps I will take is comparing the light and dark colors of the same material. The date I will record is who had the hottest temperatures and the dark colors had the hottest. 4) Analyze the results of your experiments. With the data I receive it is obvious dark colors observe the most heat. 5) Draw a conclusion. Did the results of your experiment support your hypothesis? Why or why not? My conclusion is it is more comfortable to wear lights colors than dark colors on a sunny day. Yes my results supported my hypothesis because I predicted it would be hotter with dark colors and the hotter you are on a sunny day, the more uncomfortable you are. 6) How does the material of the jacket affect the heat absorption? A material's color affects its ability to absorb light. An object of a certain color reflects that same color but absorbs light from all the other colors. Since light is energy, the more light that an object absorbs, the more heat it absorbs. 7)......

Words: 366 - Pages: 2

Intro to Programming

...Unit 3: Lab 3.1 Course Intro to programming Instructor : Sindar Lab 3.1 Lab 3.1 Step 1 Identify potential problems. Variable Name Problem Yes/No if yes, what’s wrong? Declare Real credits Taken No Declare Int cedits Left Yes We need to be able to use decimal as well. Declare Real studentName No Constant Real creditsNeeded=90 No Step 2 What’s wrong with this calculation Set credits-Left = credits-Taken – credits-Needed It should be: Set credits-Left = credits-Needed – credits-Taken Step 3 Write the exact output you would expect from the following code if the user of the program enters “John Brown”. Display “The student’s name is “, studentName Output will be “The student’s name is, John Brown Step 4 Write the exact output from the following line of code if user of the program enters John Brown and they have taken 20 credits so far. Display “The Network Systems Administration degree is awarded after 90 credits and “, studentName, “ has “, creditsLeft, “ left to take before graduation.” Output “ The Network Systems Administration degree is awarded after 90 credits and John Brown has 70 left to take before graduation. Step 5 1. //Provide documentation on line 2 of what this program does 2. //This program displays student information and degree program information 3. //Declare variables on lines 4, 5, 6, and 7 4. //Declare Real studentName 5. //Declare Real...

Words: 300 - Pages: 2

Intro to Financial Accounting: Journal Entries

...D.E.A.L.O.R Divdends Expenses Assets Debit Liabilities Owners' equity Revenues Credit Debit Credit General Form Date Account name Debit Account name Credit Initial Investment in a Company Date Cash Assets Debit Common Stock Liabilities + + Cash Owners' Equity + Common Stock Credit Purchase Building with a Loan Date Buildings Assets Debit Notes Payable = +Buildings Liabilities + Owners' Equity + Note Payable Credit Purchase Equipment for Cash Date Equipment Assets Debit Cash Credit Pay one year's Rent Date Prepaid Rent = Debit Provide Business Services on Credit Date Accounts Recievable Debit Service Revenue Credit Liabilities + Owners' Equity = Liabilities + Owners' Equity = Liabilities + Owners' Equity +Buildings -Cash Assets Cash = +Prepaid Rent -Cash Assets +Accounts Recievable Credit +Service Revenue (Revenue increases NI increases RE) Provide Business Services for Cash Date Cash Assets Debit Service Revenue = Liabilities + +Cash +Service Revenue (Revenue increases NI increases RE) Credit Pay for Advertising with Cash Date Advertising Expense Cash Assets Debit = Liabilities + -Cash Purchase Supplies on Account Assets Debit Accounts Payable = +Supplies Liabilities + Purchase......

Words: 1142 - Pages: 5

Intro Outline

...WORKSHEET 107 WORKING OUTLINE WORKSHEET Student Name Jason Type of Speech (Introduction, Informative or Persuasive) Introduction Topic: Intro Outline Specific Purpose: To inform my audience about the influence my son has had on my life. Thesis Statement/Preview: Raising a child is the most rewarding thing in life. TITLE OF SPEECH Our Children become, who we raise. INTRODUCTION Attention-getter: Imagine yourself… II Reveal topic: Establish credibility: Tireless hours are spent as parents trying to find the happy medium between sanity and Barney. Thesis Statement/Preview of Main Points: Three aspects that have inspired me to be a great father. Experiences/Motivation/Desire Transition: My past experiences and morals have played an important role in wanting to be a great father. BODY Main Point #1: A major experience that played an important role in my life was my upbringing. Supporting Material: 1. At a very young age my parents separated and divorced. 2. This made it difficult to have a full relationship with both of my parents from an early age. Both of my parents were and still are very involved in my life, but never together. 3. In a sense I was forced to grow up quickly as I was typically the buffer between my parents even when I was young. At the time it was hard to understand why my own parents couldn’t communicate themselves. Transition: These experiences I have just described helped me grow and become independent. Main Point #2: At the age of 12......

Words: 433 - Pages: 2

Intro Speech

...Intro Speech There isn’t a lot I can say to summarize my life or the things that are most important to me because I have so many people, things, and memories that mean absolutely everything. I have no visuals today because the three things I deem important enough to talk about can be given justice by simply showing you a picture. My family has my heart day in and day out simply because of their unconditional love and support for me. I have two siblings that I would absolutely die for in any circumstance. I proritize them at the top of my pecking order besides my religion. I’m a keen sports lover and you won’t find a bigger Dallas Cowboy fan the guy you are looking at right now, I relish the Cowboys and yes, we always believer we’re going to win the Super Bowl every year. For no real reason really other than we are the Cowboys. My friends have a huge impact in my demeanor towards a lot of things in life, they help make me, me. It’s too complicated to express how behind I would be in this life if it wasn’t for the people who I have met and engaged with in my lifetime. My parents are divorced, I think I’ve already gained my freshman 15, I have bad problems of waking up for 8 AM classes, my car sucks, and I owe money for rent.If it was up to me I’d probably tell you I’m just your everyday American I suppose, learning to live day by day. This will be my second semester at Western, I have really enjoyed my time here so far. I attended the University of......

Words: 292 - Pages: 2

Intro to Audit

...Running Head: Intro to Audit Letter Larry Lancaster President, Chairman and CEO Apollo Shoes, Inc. 321 Shoe Place Blvd Shoetown, MAINE,   00001 Dear Mr. Lancaster, The purpose of this letter is to introduce you to the auditing services and other assurances we offer and explain you the benefits of each. We believe that conducting financial, compliance, and operational audits will be beneficial to your company. A financial statement audit of your company will assist us to obtain and evaluate evidence about your company’s financial position, results of its operations, and cash flows for the purpose of expressing our opinion on whether they are presented fairly in conformity with established criteria—usually generally accepted accounting principles (GAAP)(Arens, Elder & Beasley, 2006). A compliance audit will assist us to obtain and evaluate evidence to determine whether your company’s financial or operating activities conform to specified conditions, rules, or regulations. The established criteria in this type of audit may come from a variety of sources. The Sarbanes-Oxley Act of 2002 requires companies to have a dual-purpose audit that audits both the financial statements and management’s assertion as to whether it has complied with criteria regarding an adequate system of internal control over financial reporting (Arens, Elder & Beasley, 2006). An operational audit will help us to obtain and evaluate evidence about the......

Words: 1285 - Pages: 6

Accounting

...Accounting Group Presentation Outline I. Intro We are group B and our presentation is on the solvency of Lawson Software. To decide how solvent Lawson is on a scale of 1 to 10, with 10 being the highest, we chose to look at their Current Ratio, Quick Ratio, Interest Coverage, and Cash Flow Profile over the past 2 years. After looking over our data that was collected, we chose to give Lawson a rating of 6, due to their decent ratio numbers, even though some are in decline. II. Numbers A. Current Ratio (Current Assets/Current Liabilities): 2010:1.25 - (570,113,000/455,079,000) 2009:1.49 - (652,095,000/438,098,000) B. Quick Ratio: 2010:1.1 (375,917,000+117,976,000+4,664,000)/455,079,000) 2009:1.3 (414,815,000+152,666,000+4,242,000/438,098,000) C. Interest Coverage: 2010:5.20- ((40,636,000+27,612,000+16,238,000)/16,238,000) 2009:4.69- ((35,922,000+21,731,000+15,625,000)/15,625,000) III. Cash Flow Profile *I haven’t finished this part of the assignment yet* IV. Summary A. By looking at our data presented, as well as how Lawson has dropped their ratios closer and closer to that 1.0 line of being even, we stand behind them as a 6 ranking in solvency at this moment in time, with the belief that at this rate, within a couple of years that number will drop closer to 1....

Words: 258 - Pages: 2

Cintas y cassettes | Uchuu Kyoudai | Pedigree Dentastix Medium per l'igiene orale del cane - 3 Confezioni da 56 Stick