Accountant

an organization. Accountants make sure financial records are correct and taxes paid are paid and on time. Accountants need to have a bachelor’s degree in accounting or a related filed. Certification in a specific field helps the possibility of a finding a job. Most accountants decide to become Certified Public Accountants also known as CPAs. Employment for accountants is predicted to grow 13% between the years of 2012 and 2022. As the economy grows, companies will need accountants to prepare and analyze

Accountants are considered to be the only person that knows you better than you know yourself, which is why the most important factor when considering an accountant is trust. They are responsible for confidentiality of financial information; record keeping by daily posting; and consulting input on market trends, real estate purchases and investments. Due to these responsibilities, accountants are obligated to act in the interest of the party and also respect the Code of Ethical Principles and Standards

perception of being a step ahead of others, with high distinction and of great moral standards. This perception is a result of the education and training involved to become and remain a Certified Public Accountant (CPA). The importance of information and work in the realm of accounting requires all accountants to remain consistent in standards and ethics. However, perception of an entire culture can shift as seen in the Arthur Anderson debacle in 2002 and the establishment of Sarbanes-Oxley Act (SOX).

uncertainty of the economic market that may affect the accounting industry. The advancements of technology have been one of the biggest changes around the world, and it is also affecting the accounting world today. Future technologies will change the way accountants do their job, just like it has in the previous years. As the years pass, we will advance in the electronic field and the accounting industry will continue to advance with us. Modern technology is taking over traditional ways in accounting and is

confidentiality with respect to tax advice. Since there is no accountant-client privilege under the common law, code section 7525 states that the confidentiality privilege that applies to a communication between a taxpayer and an attorney is applied to a communication between a taxpayer and an accountant as well. Although accountant-client privilege is derived from attorney-client privilege, the protection of the discussion between an accountant and a taxpayer is more limited. For example, code section

In 1939, the AIA also known as The American Institute of Accountants formed the Committee on Accounting Procedure that issued 51 accounting research bulletins and began the process that eventually became known as the GAAP. In 1957, the American Institute of Accountants was renamed AICPA or American Institute of Certified Public Accountants. The AICPA or American Institute of Certified Public Accountants formed the Accounting Principles Board in 1959, which issued their 31 APB Opinions. The FASB

To be an accountant requires hard work. The road to success is full of challenges. To reach a dream, one must work hard and exert effort. The course Bachelor of Science in Accountancy (BSA) is one of the prominent courses in De La Salle Lipa (DLSL). BSA is a respected course and only few survive it. The major deal about the program is that it has a distinct grading system than other courses. The De La Salle Lipa implements the zero-based grading system which causes the major subjects difficult to

govern how accountants and tax professionals preserve client confidential information (Desai & Roberts, 2013). Additionally information is not authorized to be disclosed without the client permitting such. The disclosure of information by Tom to Alice would not be advised due to written standards of ethical questioning. Additionally by Tom disclosing this information it creates the possibility of both him and the CPA firm facing legal actions. At times the professional duty of accountants and tax professional

Accountants doesn’t only tackle people’s finances but they also have to deal with their emotions. No one knows better than an accountant on how to deal with people. They have to be the one to tell them the news of their finances whether it is good or bad even if they don’t want to know. Accountants who use the cognitive approach are easier to relate to their clients and bet yet have and understanding of their personality. (Chron 2015) Over many of centuries and decades psychologist have studied human

financial collapse. The reasons were mainly because of the failure to follow major accounting principles, lacking morals and lacking strong work ethics. If even a major corporation can fall into this “trap”, then avoiding doesn’t sound easy, although accountants can easily avoid scandals by following a precise set of given rules and ethics. OneTel and Enron are prime examples which demonstrate the danger when a business is faced with an accounting scandal - which in turn could have been avoided. The fall