Wednesday, May 6, 2020
The Compensation of Professionals in Accounting - 552 Words
You are all set to get yourself a suitable accounting job, but arent still convinced to get into this field. Do you find it boring? No worries, just look around and the reasons to help you know the benefits of taking up a job in accounting will pop up. Accounting is a field that requires resources with calculative minds and excellent communication skills. If you have these qualities in you, it would surely be a considerable choice to pursue it as a career. But before you look forward to the future job prospects related to accounting and the jobs you can apply for in this field, you need to look for the real reasons that can help take it as a serious choice. You first need to find out why should you take it as a career, and then go ahead to know about the different career paths accounting can bring to you. So, below are the varied reasons to help you with why should you get into accounting. A Stable Career Accounting is not one of those jobs that may lose its importance over the period of time. This is one of the careers that are always in demand, even in the times of economic crisis. An accountant is required in every firm, educational body or government organization to manage the finances. Many find it to be a not so glamorous career choice, which is actually a fact, but if you are looking for a stable career, you should keep it to be a prior choice. Multifariousness Another thing that makes accounting a favorable career choice is its demand in every sectorShow MoreRelatedManaging A Staff Of 16 Hr Professionals711 Words à |à 3 PagesBy July 2015, I accept a promotion job offer as Director, Staffing Policy Compensation (SPC), Supervisory Human Resources Specialist with U.S. Customs Border Protection, Human Resources Management. This is my current position where I serve as the agency advocate, policy expert and liaison and plan, direct, and oversee the management of human resources in support of program goals and objectives. I implement and evaluate the agency s plans, procedures and initiatives relative to policies affectingRead MoreThe Audit And Compensation Committees Essay1366 Words à |à 6 PagesThis paper contributes to the auditing literature by investigating empirically auditorsââ¬â¢ responses to overlapping membership on audit and compensation committees (overlapping committees) and the equity holdings by overlapping audit comm ittee members. Boards of directors are at the helm of corporate governance and work through sub-committees (Adams, Hermalin, Weisbach, 2010; Hermalin Weisbach, 1998; Hermalin Weisbach, 2003). Delegating different board functions to distinct committees representsRead MoreEssay on Case Analysis 10-3 Kansas City Zephyrs Baseball Club, Inc.1727 Words à |à 7 PagesI.Issues Why does net income not equal cash flows? Why do we need accrual accounting? (Why do not we fire all accountants and just publish summary bank statements) Why do the differences between ownersââ¬â¢, playersââ¬â¢, GAAP and truth number exist?(Can accounting numbers be neutral representations of what happened? What happens if a retired non-roster player (e.g. Joe Portocararo) returns to the active roster while continuing to earn the same money promised him in his guaranteed contract? Of whatRead MoreIn depth analysis of Financial Statements BP1143 Words à |à 5 Pages-must have a vision and provide leadership 2. Financial statements Financial reporting: presenting financial data of a company with respect to its operating performance, position and fund flows for an accounting period. Itââ¬â¢s a set of documents prepared by firms at the end of their accounting period. Many people play a role in this including: the CEO A track record of the companyââ¬â¢s performance during the year -shows how well the company did, any CSR initiative -gives shareholders a look intoRead MoreBrief Overview Of The Accounting Industry1097 Words à |à 5 PagesBrief Overview of the Accounting Industry The accounting industry generates annual revenue of approximately $145 billion by providing services such as auditing, bookkeeping, payroll, and tax preparation. With over 125,000 service providers in the United States, the industry is dominated by the ââ¬Å"Big Fourâ⬠accounting firms of Deloitte, Ernst Young, KPMG, and Pricewaterhouse Coopers. Due to the industryââ¬â¢s role in an increasingly complex business environment, accounting services are highly contingentRead MoreCase Analysis 10-3 Kansas City Zephyrs Baseball Club, Inc. Essay1719 Words à |à 7 PagesI.Issues Why does net income not equal cash flows? Why do we need accrual accounting? (Why do not we fire all accountants and just publish summary bank statements) Why do the differences between ownersââ¬â¢, playersââ¬â¢, GAAP and truth number exist?(Can accounting numbers be neutral representations of what happened? What happens if a retired non-roster player (e.g. Joe Portocararo) returns to the active roster while continuing to earn the same money promised him in his guaranteed contract? Of whatRead MoreAnalysis Of The Payment Practices Between Companies, Executive Compensation Plans1644 Words à |à 7 PagesWhile there is heterogeneity in the payment practices between companies, executive compensation plans must include four basic components: base salary, annual bonus tied to accounting performance or another agreed indicator between the parties, stock options and incentive plans long term (including restricted stock plans and performance plans based on accounting more exercise). Under the crossfire of public opinion, the bonus word became almost word, synonymous with unbridled greed, something to beRead MoreFinancial Reporting And Corporate Governance1303 Words à |à 6 PagesIn addition, since most of the provisions under ACA and the employer mandate are tax related, this causes most of the reporting process to take place on tax returns and monitoring to be fulfilled by the IRS. Brief Overview of the Accounting Industry The accounting industry is a unique facet of the U.S. economy that generates approximately $89.6 billion in annual revenues by means of an extensive variety of service offerings. Services provided by the industry generally include audit, bookkeepingRead MoreThe Fraud At Tyco And Focus1479 Words à |à 6 PagesThis research paper will explore the fraud at Tyco and focus primarily on accounting and auditing issues related to the fraud. One thing worth noting about this case is that fraudulent financial reporting was not at the core of the fraud, which was the case with majority other big frauds at the time, such as Enron and Waste Management. On the contrary, fraud consisted of misappropriation of assets, and fraudulent financial reporting came as a consequence of trying to hide misappropriation of assetsRead MoreImproving The International Hiring Process1370 Words à |à 6 Pagesenforcement personnel and their eligible family members to 72 foreign countries. I executed and implemen ted various spend plans, financial forecasting of allowances, staffing to budgets, and cost projections related to manpower and applicable pay compensation benefits. Political savviness, interpersonal communication skills, conducting several briefings and benchmarking analyses were the various skills I developed in this position. While serving in this capacity, I faced challenges with working with
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