An increase in the number of businesses, changing financial laws and regulations, and increased scrutiny of company finances will drive growth. In addition to openings resulting from growth, the need to replace accountants and auditors who retire or transfer to other occupations will produce numerous job openings in this large occupation."
Following a slew of recent accounting scandals (does Enron ring a bell?), federal legislation was passed to increase penalties, and make company executives individually responsible for falsely reporting financial data (U.S. Department of Labor Bureau of Labor Statistics, 2004). These changes should lead to greater scrutiny of company finances and accounting procedures, and should create more opportunities for accountants and auditors, particularly CPAs, to be more thorough in auditing financial records.

eferences

CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. etrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&UL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

CPA.net. (2004). What is a CPA? etrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&UL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

North Carolina Administrative Code,…...

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References

CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

CPA.net. (2004). What is a CPA? Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

North Carolina Administrative Code, Title 21 - Occupational Licensing Boards, Chapter 8. Board of Certified Public Accountant Examiners, as amended through January 1, 2005. Retrieved from the Internet at http://www.cpaboard.state.nc.us/subchapter8g.htm.

U.S. Department of Labor Bureau of Labor Statistics. (2004). Accountants and Auditors. Retrieved from the Internet at  http://stats.bls.gov/oco/ocos001.htm .

In addition, there is no requirement, per se, for a master's degree; Within the total hour requirement, 36 semester hours of accounting and/or tax courses above the principles level and 39 semester hours of general business courses, including six semester hours in business law (Uniform CPA Exam).
The Uniform CPA Examination consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG). The exam is offered up to six days a week during January, February, April, May, July, August, October and November each year.. After the state board determines a candidate is eligible to sit for specific sections of the CPA Examination, the candidate will receive a Notice to Schedule (NTS). The candidate can then register directly with a Prometric testing center to take one or more sections. The CPA exam is a closed book, secured examination. Candidates are required…...

deceitful profession, certified public accountants would most certainly not be the first to come to mind. That is because CPAs are known and respected for their honesty. The profession goes out of its way to project that image, and there is a certain amount of truth to it. However, not all CPAs are squeaky clean and respected for their honesty. Some are quite dishonest and are putting a black mark on the image of the entire profession. There is one area where the CPA profession has fallen short of protecting the public interest. There is a general duty that accountants owe to their clients and the other persons who are affected by their actions. Two elements compose the general duty of performance: skill and care. Another element and responsibility is owed to clients and other persons, which is that accountants should observe a standard of ethical or social responsibility.
One…...

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References

Fulmer, W.E. And B.R. Cargile: 1987 Ethical Perceptions of Accounting Students: Does Exposure to a Code of Professional Ethics Help? Issues in Accounting Education 2, 207-219.

Loeb, S.E.: 1988, "Teaching Students Accounting Ethics: Some Crucial Issues', Issues in Accounting Education 3, 316-329.

Metzger, J.D.: 1992. "Business Law and the Regulatory Environment: Consepts and Cases 8th Edition. 1061.

McGee, R.W. 2000. "CPAs vs. The Public Interest." Dumont Institute, Ethic Information Center.

American Institute of Certified Public Accountants (AICPA) pioneered and mulled over a set of standards for auditing professionals. These eventually became recognized as the 10 generally accepted auditing standards. The 10 generally accepted auditing standards fall under three main categories:
General standards -- Audits must be executed by a qualified and adept auditor.

All matters relating to the project should be addressed with autonomy in mental attitude.

Professional care is to be exercised at all times.

Field work Standards -- work is to be sufficiently planned and appropriately managed.

To evaluate the risk of substantive misstatements, a satisfactory understanding of the entity is essential. knowledgeable auditing skills must be demonstrated through auditing measures performed to afford a reasonable basis for an opinion.

Reporting Standards -- Report whether the financial statements are presented in harmony with generally accepted accounting principles. Report the conditions in which principles have not been consistently observed in the current period. Informative…...

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Bibliography

Financial Accounting Standards Board. (2012, Jan 8). www.fasb.org. Retrieved from www.fasb.org:  http://www.fasb.org/home 

Kinyo, L. (2006, April 4).   Retrieved from Hubpagees.com: http://lindakinyo.hubpages.com/hub/Generally-Accepted-Auditing-Standards .

Another challenge facing the industry today is the important legal issues that surround the Sarbanes-Oxley Act (Koehn & Del Vecchio, 2004). One of these is the fact that the process of due diligence practiced by many companies is now taking much longer (Koehn & Del Vecchio, 2004). There is a higher degree of caution than was previously utilized and because of this many companies are discovering information that would have gone unnoticed before the Act was passed. This is, however, not the only legal issue that the Sarbanes-Oxley Act has caused (Koehn & Del Vecchio, 2004). Another concern is that accountants and attorneys could now be required to report the known wrongdoings of corporations that they have business with to authorities.

Since lawyers are now required to disclose these types of issues, the attorney-client privilege has been compromised by this Act (Koehn & Del Vecchio, 2004). However, the Act was necessary…...

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Bibliography

Bradley, C.F. (1994). An empirical investigation of factors affecting corporate tax compliance behavior. Ph.D. dissertation, the University of Alabama.

Koehn, J.L. & Del Vecchio, S.C. (2004). Ripple effects of the Sarbanes-Oxley Act. The CPA Journal: 36-40.

Roper, J.C. (2006). Expert backs Enron's accounting practices. Houston Chronicle. Retrieved from  http://www.chron.com/disp/story.mpl/front/3839212.html .

This role is in response to clients' demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare." (U.S. Department of Labor, ureau of Labor Statistics, 2009)
1. Public Accounting

The work entitled: "The Reality of the CPA's Role" states that modern CPAs work "behind the scenes as trusted advisors in nearly all significant business decisions. Successful accountants display the ability to think strategically and creatively and to be problem solvers and business advisors." (Douglass, 2006) Douglass states that the views of the CPA are widely varied "...whether from the viewpoint of the investing public or from the perspective of the companies that engage CPAs to audit their financial statements or perform other functions. In fact, many people not involved in the business management or accounting profession may perceive CPAs as…...

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Bibliography

Douglass, Kevin (2006) the Reality of the CPA's Role New Jersey CPA Magazine, April 2006. Accounting and Auditing. Online available at:  http://www.amper.com/publications/amper-cpa-role.asp 

Erard, Brian (1992) Taxation with Representation: An Analysis of the Role of Tax Practitioners in Tax Compliance. Journal of Public Economics 52 (1993) 163-107. North-Holland. Online available at:  http://aysps.gsu.edu/isp/files/ISP_SUMMER_SCHOOL_2008_ERARD_TAXATION_WITHOUT_REPRESENTATION.pdf 

Financial accounting for Local and State School Systems (2005) Chapter 4: Governmental Accounting. National Center for Education Statistics. U.S. Department of Education, Institute of Education Sciences. Online available at:  http://nces.ed.gov/pubs2004/h2r2/ch_4.asp 

Garrison, Ray H. And Noreen, Eric W. (2009) What is Managerial Accounting/Cost Accounting. Accounting Management. Online available t:  http://www.accountingformanagement.com/

Ethical Issues Affecting Accountants
The need for ethical standards within the corporate accounting field is urgent, and this paper delves into ethical issues. Given the fact that rules can be bent and manipulated, this paper also points to potential ways in which ethics can become as important as rules.

hile there has apparently been a "shift in the ethical behavior of management" -- which is related to the corruption and convictions of accountant-related individuals with Enron and Author Anderson -- the literature indicates that there are still ethical issues to be addressed within the industry (Bolt-Lee, et al., 2010, p. 38). Research presented in the peer-reviewed Journal of Accountancy shows that subsequent to the Enron and other scandals, there is a movement toward a "…more heightened state of ethical awareness" that is apparently due to "…the greater likelihood of punitive consequences" (Bolt-Lee, 38).

In the Bolt-Lee article, the authors allude to a pair…...

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Works Cited

Adams, Barbara L. (2010). Using Game-Based Learning to Raise the Ethical Awareness of Accounting Students. Business Education Innovation Journal, 2(2), 86-93.

Bolt-Lee, Cynthia E., and Moody, Janette. (2010). Highlights of Finance and Accounting Ethics

Research. Journal of Accountancy, 210(4), 38-41.

Spalding, Albert D., and Oddo, Alfonso. (2012). It's Time for Principles-Based Accounting

Self-Assessment
The initial step starts with self-assessment. Various territories of self information are imperative in establishing a framework for a career plan. I initially need to comprehend my particular identity e.g. Am I active or bashful, latent or forceful, mindful or passionate. What's more, I should be clear about my mentalities toward life and work. For instance, an inspirational state of mind about work characterizes who I am and may turn me toward a career that gives the chance to take part in a driving enthusiasm however it would not intrigue somebody for whom work is just a fundamental malevolence to give stability and salary. (Andolsen, 2008).

Using the MTI personality type analysis, I can determine 4 levels of my personality; namely introversion, sensing Or sensitivity, thinking ability and perception. this can then allow me to determine whether I am logical, practical, adaptable l, observer or a problem-solver, leader or follower, realistic,…...

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Bibliography

ABS. (n.d.). Accounting Degrees and Certification: What You'll Study in an Accounting Program. Retrieved from All Business Schools:  http://www.allbusinessschools.com/business-careers/accounting/degrees/ 

ALCC. (n.d.). The Importance of Computer Skills in Accounting. Retrieved from Academy of Learning Career College:  http://www.academyoflearning.ab.ca/blog/the-importance-of-computer-skills-in-accounting/ 

Andolsen, A. (2008). Six Steps to your Successful Career Path. Information Management Journal, 56.

CAP. (n.d.). Workplace and Careers. Retrieved from Capt.org:  https://www.capt.org/using-type/workplace.htm

Accountant
hy I Chose Accounting

"I hate math." Ever since I can remember people have approached me to tell me how much they loathe math, when they hear that I love it. However, I have always been fascinated by the order mathematics can bring to a chaotic world. Sometimes when life seems hard, it is very comforting to be able to look at numbers. This is not to say, of course, that accounting is not challenging. In fact, like many prospective accounting majors, I initially struggled with the discipline in my fundamentals courses ("Top 10 Easiest and Hardest College Degree Majors of 2016"). There is a reason that introductory accounting classes are often considered weeding-out, gatekeeping classes for the profession. Many people decide they want to be accountants because they think it is a lucrative profession that does not require as much additional schooling as law or medicine but then find out…...

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Works Cited

Erstad, Will. "Is an accounting degree worth it or worthless?" Rasmussen. 16 Nov 2015.

Web. 8 Jul 2016.

Grohol, John. "10 Highly Effective Study Habits." Psych Central. Web. 8 Jul 2016.

"How to become a CPA." CPA Review. Web. 8 Jul 2016.

ole of Accounting on Business and Our Society
Financial statements play a key role in reporting the financial performance of a business besides helping managers to make better decisions. Business leaders often would interpret the different financial statements in order to understand the position of their business, the necessary risks that their businesses are facing, and the financial actions that should be taken to make the business to grow. All the financial statements developed for the operation of a business are critical in providing necessary information on the accounts. They allow business leaders to understand the business and take of necessary investment or controls needed for the success of the business.

Financial statements have unique roles since they are essential in determining the extent of success in an organization. A cash flow statement is helpful in analyzing the amount of cash available and those needed to meet the operating costs of the…...

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References

Weygandt, J., Kimmel, P., & Kieso, D. (2013). Accounting principles, Volume 1 (11th ed.).

Hoboken, NJ: John Wiley & Sons.

Accounting Careers
Accounting is a common function in virtually every organization, irrespective of size and industry/sector of operation. The function is generally concerned with documenting business transactions and preparing financial statements. The accounting field offers numerous career paths. These include financial accounting, managerial accounting, internal auditing, tax accounting, financial analysis, payroll clerking, and forensic accounting (Bureau of Labor Statistics [BLS], 2015; American Institute of Certified Public Accountants [AICPA], 2017). Though related, each of these careers is unique in its own way. A financial accountant is involved in making and receiving payments, recording transactions, and preparing financial statements. Closely related to financial accounting is managerial accounting. While a financial accountant prepares financial statements for use by outsiders such as shareholders and lenders, a managerial accountant prepares financial records for internal use. The work of a payroll clerk is to ensure employees are paid accurately and on time. The clerk prepares, processes, and…...

For individuals with a political bent, the AICPA also acts as a lobbying group and activist body. The website offers information about its stance on political issues, such as Congress' current attempt to put an additional legal burden upon professional tax preparers above and beyond the standard of ordinary preparers. This is called the "more likely than not" provision and the AICPA feels it causes a conflict of interest between a clients and professional tax preparer.

Finally, the AICPA website provides links to featured software products on a weekly basis, to help accountants gain a sense of the best types of helpful office products in production that can be of use to the profession. Although it is hard to believe right now, because modern technology is moving so fast, older accountants might want to use the site to become aware of new and helpful technological tools to make their work and…...

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Works Cited

AICPA: American Institute of Certified Public Accountants. (2007). Official Website. Retrieved 27 Aug 2007 at  http://www.aicpa.org

The relationship between Employee 2 and the accounting manager is one where the manager experiences a greater degree of dependency, because of the employee's expert power. Hence the manager is as it were obliged to comply with Employee 2's requirement in order to ensure that the employee provides the necessary services to the company. On the other hand, were the manager to appoint an additional certified public accountant, the expert power of Employee 2 would be considerably diminished, especially once the new employee becomes well versed in his work. This would provide a stronger basis of formal power to the accounting manager, and Employee 2 in turn would be obliged to work a normal week, like all the other employees in the department.

Employee 3 also exercised personal power, and specifically the element of referent power, in terms of her personal traits. Because of the employee's personality, others are naturally drawn…...

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Works Cited

Robbins, S.P., & Judge, T.A. (2007). Organizational behavior (12th ed.) Upper Saddle River,

NJ: Pearson Prentice-Hall. ISBN: 9780131890954.

SOP Major
Despite of a global economic recession, China surpassed Japan in GDP to become the second-largest economy. This is great news but it disguises the real impact of China's economic growth on social and political affairs in the country. Housing prices are so high that most young Chinese people cannot afford to buy even the smallest house. ncome disparity has grown between the rural poor and the comparatively wealthy urbanites. Compounding the problem are quality of life factors, such as water and air pollution.

have myriads of questions and concerns related to my country's role in the world, and how it is addressing its domestic problems too. My interest in economics as a field of study stems from a personal understanding of the links between issues like GDP and growth to the underlying social and political problems in a country like mine. My parents helped me to see this connection…...

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It is a good thing for me that mathematics has always been my main strength. In elementary and junior school, I attended International Mathematical Olympiad training classes every weekend. Because I received much advanced training while young, I was enrolled in Mathematical Elite Class in high school and maintained excellent academic record. Therefore, I feel prepared to meet the challenges of a higher education that focuses on economics.

Instead of attending college right after graduating from high school, I took one year off for an internship. I wanted to see whether applied economics was what I expected as a career, and knew that this was an opportunity to meet people in the field and find out for myself. From September 2009 to June 2010, I did my first internship in XXXX Certified Public Accountants as a secretary. Although I only did some basic work, such as printing, filling expense accounts, and research, I actively consulted my colleagues and learned about IPOs, auditing, and capital assessment. More important, I had many opportunities to acquaint myself with hundreds of companies in diverse fields and provinces. I observed how these companies applied economic knowledge to their daily practice and business strategies. I learned how different economic policies affected markets in different areas.

Recognizing that the Chinese market economy still has a long way to go, I also know that the path forward will be a fascinating one and I want to be on its forefront. An advanced education in this program will prepare me to be one of China's leading future economists.

supplied in Chapter 25 is dense, and full of key facts and ideas that are useful in guiding a board of a non-profit organization into a prudent position when discussing the ideas of growth through investment. The myriad of options and terms also suggests that a certified public accountant is best able to pinpoint the most satisfactory approaches to an economic and efficient investment program that may be used to fuel and fund projects to new levels of success.
The chapter begins by discussing the different types of investments available to a board when considering the options to grow the organization in an beneficial manner that is aligned with the greater organizational strategy. The authors are not hesitant to offer their opinions when guiding the reader to a certain conclusion. Throughout the reading, they offer concrete examples of how the principles introduced can be practically applied in real world example.…...