Accountants earn on average of 67,190 annually, according to the U. Bureau of Labor Statistics. Average growth rate in the field is 11%, surpassing other job rate growths. As long as the economy continues to expand, accountants will always be in demand. Businesses expand, new businesses are established, and the need for competent accountants grows. (Dept. labor) Within the accounting field, there are different career options, including public accounting, private accounting, and auditing. I aim to develop my skills as a private accountant, as well as to file basic tax returns for family, friends, and myself.
I began pursuing my career goal in 2016, when I enrolled in a BS degree program, specializing in accounting. I chose accounting
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The accounting profession has implemented technology in countless ways. The IRS has encouraged electric filing (e-filing) for submitting tax returns (Whittenburg & Gill, 2017). Updated information for tax rates, amounts for personal and dependency exemptions, Generally Accepted Accounting Principles (GAAP) rules, are currently available via the World Wide Web. Many programs, such as Excel, act as financial calculators and perform financial formulas fast and error free. Accounting software programs are coded to use algorithms in synthesizing information, organizing information, and displaying information for users. As technology advances, increasingly sophisticated algorithms and functions become available. In my company, information from every department’s programs is imported into the software program that the finance department uses. This automated feature enables each department to employ the technology that achieves its efficacy. Additionally, computer technology maximizes available resources. Real-time data and financials are now obtainable (accountex). With automated functions, a series of buttons can spit out the desired information in the desired format.
Cloud computing is becoming increasingly popular (journal). I anticipate companies will sign up with a cloud software provider so they can run programs and save information in the clouds, using
Romney, M., & Steinbart, P. (2012). Accounting information systems. (12th ed., p. 143). Upper Saddle River, NJ: Prentice Hall.
After reading many articles about Cloud Computing I saw the bright future for these types of cloud services. Aside from educating myself on this topic I feel that this could be beneficial to my fellow Computer Technology peers to address their client or employers cloud needs as well as people who are going to start a business and are looking at the options available to address their companies demands.
These days it is especially important to pay attention to details when it comes to deciding if your accounting system is providing the kind of information that may be required of you to produce. I think legal requirements and government regulations are becoming more demanding as to what they expect to see if someone such as the I.R.S. were to show up and ask for an audit. I would like to talk a little about a few of the key features, core technology, benefits, and costs of installing and maintaining an efficient accounting system and some of the benefits it would be to your company, especially in areas where details
Describe at least two (2) career options someone with an accounting education can pursue. Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.
The purpose of accounting is to provide the information that needed to make sound economic decisions. It is one of the oldest professions in the world today, and the backbone of any business operation. It is not just about numbers, accounting is about planning. Accounting has many subfields, which includes management accounting, financial accounting, and cost accounting. Accounting can be a prestigious career, but to achieve that prestige you will have pass the CPA (Certified Public Accountant) exam and become a licensed accountant, and with that license you can work in any of the subfields.
Accountants are responsible in analyzing and assessing the revenue, expenses, reporting financial matters and giving advice about the financial health of their employer. They help their client to know the best way to run a business by tracking and analyzing where does the money of the business go. They also give suggestions on where money could be made and advice in budgeting the money in the business.
Cloud computing offers many advantages to both end users and businesses of all sizes. The advantages of cloud
Information systems changed forever the way accounting tasks are processed. The days of green paper pads are gone, and instead businesses have a centralized place where all accounting transactions are entered and saved. No more looking for paper
Accounting Information Systems The Crossroads of Accounting and IT by Donna Kay, Ali Ovlia Instructor’s Solutions Manual
Abstract. The Internet is permeating all aspects of our lives. This includes business and organizational endeavors as well as our personal lives. Businesses have become to depend on the Internet for their supply chain, advertising, and sales. E-commerce has experienced a tremendous growth in the last decade. Organizations are looking for new ways to leverage the Internet for business growth. Web Services is a growing technology in the Information Systems field. Data Management is also an ever-increasing endeavor for many organizations. The need for information is
Cloud based computing is affordable for any type of business, small or large. With the ability to save money on all fronts such as server maintenance, software costs, and upgrade expenses. For a monthly fee, PPG can keep all their software updated without paying for unneeded or unused programs. The cloud has the capability to stretch and accommodate large scale demands, as well as decrease if your company’s demands lower. Out of all the organizations that use cloud computing, 49% drove their cost efficiencies up. With rapid
Businesses, be it small-scale or large-scale, use cloud computing for the storage of data since it is cheaper than buying hardware and software separately.
Company only need to pay the space they want, and the rest of the data maintaining processes will be handled by the providers.
These businesses will see the most benefit from using cloud technology. Furthermore, people involved in cloud computing can be organized into two groups as well; the cloud providers and the cloud user’s. The cloud user’s take resources from the cloud and utilize data storage. Cloud providers house the hardware or equipment for the cloud and also manage it.
Eamonn, R. 2012. The evolution of accounting software: past, present and future. [Online] Available from: http://www.gaaaccounting.com/author/gaablog/ [Accessed: 2015-04-19].