Professionalism Accounting
The accounting profession is one of great responsibility and duty. Certain obligations are required of those who wish to manage the financial affairs of the businesses and organizations that keep the economy, and eventually the population sustained with energy and motivation. The purpose of this essay is to relate the professional qualities necessary to be successful within the accounting and financial management sectors of careers. I will identify and explain four different explicit and specific characteristics that create the necessary components of professionalism that relate to accounting and its objectives. Additionally, I will relate my personal opinions on what factors are needed to be a professional in today's complex and fast paced society.
The KPMG handout explained four different attributes of a professional: commitment to serve, integrity, objectiveness, and competence. These terms adequately suffice a comprehensive set of standards that professionalism can be understood within. Results of acquiring these attributes may result in certain distinguishing acts of self-regulation, professional education and licensing. Therefore professionalism is different than just doing something for emotional satisfaction or fruitless means. Purpose and definitive action that fall into systems of order and regulation are very important and mandatory in any type of profession.
The commitment to serve is important for those wishing to become accountants. Their total responsibility to not only the fairness of the law, but also to the customer, clientele, the account may be employed to require a self sacrificing attitude and a certain commitment to a higher purpose than mediocrity. Financial statements represent...
Ethics and Independence in the Accounting Profession There are according to the text, two primary reasons that people act unethically. A person will act unethically if there standards differ substantially from those of society "as a whole" or if the person chooses consciously to act in a selfish manner. There is no profession more profoundly impacted by the effects of ethical standards that the accounting profession. The effects of ethical and unethical
Accounting and the Public Interest: The accounting profession is not only an integral aspect of the society but it also plays a critical role in the nation and the corporate sector. As a result, this profession is expected to serve or contribute towards the public interest. The ability of the accounting profession to contribute towards the public interest is determined in the context of its standard setting process and legislation. In
Accounting Profession: New Scrutiny and Responsibilities While many people treat the accounting profession as something which lacks glamour and prestige, ordinary civilians often don't realize how crucial the accounting profession is to the world at large. The accounting departments in major firms are often what provides a foundation for most companies to be able to do what they do and accomplish tasks as needed. Accountants are the ones who are
Profession of Auditing Evaluation of the Profession: The profession of accounting has undergone vast changes over the years, and the traditional accountant concerned himself or herself only with recording the financial transactions of individuals, organizations, and entities. This resulted in the accountant issuing a report annually which is a financial statement that is showing the position of the firm for multiple purposes. However today there are many non-financial reporting that are
Career Goals Please discuss how you plan to achieve your short-term and long-term career goals. What challenges will you face and how will you leverage your professional and academic experiences to achieve these goals? My very first short-term goal is to secure an admission into graduate school for a master in finance program, where I intend to enhance my current knowledge and build professional networks that will steer me to a supervisory
Lessons from Ethical Violations in Public AccountingPublic accounting is a field faced with ethical issues similar to any area of practice. Unethical practices in accounting are often motivated by management greed, incentives, bonus, management pressure, and more. These practices only lead to short-term gains (Finn, Chonko & Hunt, 1988). The long-term impacts are usually negative consequences. Ethical behavior and practices are critical aspects of good accounting. Accounting regulations and rules
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now