Before reading this book titled Accounting Now by Mark Sasscer, I was merely familiar with a few elements of leadership skills that I obtained from my professional experiences. I recognized that becoming a great leader; one must be confident, communicate effectively, compassionate and be able to solve problems. However after reading this book, I discovered it was essential to have these elements along with other essentials and approach that will improve and reinforce my leadership skills now and in the future. According to Mark Sasscer, there are “Ten principles of Personal Leadership” that a leader can abide in order to be a successful leader. I will describe the ten principles, including my thoughts and the elements that significantly impacted my perception of accountability and leadership. The first principle is being in the moment. Being in the moment means an individual must focus all his/her attention on the other individual in order to be fully present, physically engaged, curious without judging and self-aware. This concept disengages us from being on “autopilot” and enables us to communicate effectively by being mentally and physically present, being unbiased, making positive choices and maintaining relationships with others. Furthermore, it develops great communication skills by minimizing miscommunication and generating appropriate responses and behaviors. This element is crucial in my leadership goal because as an individual, who enjoys multitasking,
1. How does PPLS create value for its customers? What are the critical risks that it has to manage well?
Real Future Accounting, founded by Michael Kummer April 2014, is a new accounting firm located at 5268 Canal Drive in Kennewick Washington. We are Open Monday thru Friday, 8am-8pm. Our professional accountants are standing by, ready to answer any questions that you may have, or to perform any services that you may require. You may also contact us at +1 (509) 555-2525/5252 or through our web page, www.RealFutureAccounting.com. Our mission statement is to ensure that our clients prosper while receiving professional services. We strive to keep our clients informed on any new advances in technology in regards to their finances, such as new apps, or finance software that they can use from their home computers.
Accounting is a system for gathering data about an entity’s economic activity, processing and organizing the data and in turn, communicating that information to people who want to use it to make decisions.
Ans) The economic theory of regulation provides a more general and broader framework for thinking about the problem. In this particular theory the regulators themselves are portrayed as rational, whose objective is to maximize their own political support. Whereby, they hold elective office and have the goal of maximizing their probability of reelections.
Define the matching principle and explain why it is important to users of financial statements.
Each and every one of us uses information to help us make decisions. Such information
Organization money is a term that incorporates a sufficient scope of exercises and orders rotating around the administration of cash and other important resources. Financing, essentially lay, is to do something with bringing capital into an association. Organizations can be financed in various courses, each of which gimmicks its own particular focal points, inconveniences and different peculiarities. Basic systems for financing an organization incorporate tackling obligation and exploiting credit game plans, financing through value venture or acquiring pay through speculation items that bear investment or increment in quality. Companies’
Article 1: Big Data: Bringing Big Changes to Accounting by Robert J. Capriotti – Source 1
Have you ever wondered who files out your financial statements? Ever thought about wanting to be the one to figure out someone’s financial statements? Well I have chosen to do research about accounting. Accounting is a very well paid career with little schooling required. More than 90 percent of the time you are working in a comfortable environment. Accounting jobs are also available almost anywhere you live or want to work.
The solutions contained both within the main book and within this Guide (especially those relating to the discussion questions) should only be treated as pointers to a possible answer. Wherever possible, students should be
According to Robert K. Elliot, 1997, assurance is a positive declaration that produces quality information which enhances the degree of confidence for all intended users as well as improves the quality of decision that being made. It is also part of corporate governance which provide reliable and accurate information to the stakeholders such as investors, employees, government, voluntary sector and market regulators, regarding the efficiency and effectiveness of organization’s policies, strategies and operations and compliance with the statutory obligations will be provided by the management. Due to the risk of uncertainties in the environments, stakeholders demand more from financial information to
The major reason for why people invest in companies and purchase stocks is to generate profits. Stocks can be a very tricky and lucrative way to make money, and in order to potentially make a return on your investments investors need to look at the information that they have available to them and make a decision. Here now are types of information needed so that an investor to make a safe and comfortable decision.
The four largest Australian Banks have faced considerable pressure from the community and the government in recent times. This pressure has arisen due to their interest rate increases in association with their high reported earnings. As accountants, we are responsible for preparing financial statements and “calculating” the profit figures.
There are four basic financial statements in accounting. The balance sheet, the income statement, retained earnings statement, and the statement of cash flows. The balance sheet is what reports assets and claims to assets at a specific point in time. It identifies the basic equation of accounting,
“There is no business like show business, but there are several business like accounting.” – David Letterman (AZ Quotes) Accounting is the systematic and comprehensive recording of a financial transaction pertaining to a business. It also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities. Accounting is one of the main key function for any business. This paper talks about the history of accounting, the pros and cons of accounting, how to prepare for accounting field.