Requirement-1:
Management accountants:
Management accountants are the professionals who are engaged in decision making process for business operations and assists in the preparation of financial reports in order to execute effective planning and controlling function within the organisation.
To-identify: person you picture, when you think of an accountant.
Requirement-2:
Management accountants:
Management accountants are the professionals who are engaged in decision making process for business operations and assists in the preparation of financial reports in order to execute effective planning and controlling function within the organisation.
To-identify: from where did the mental picture of accountant’s work come.
Requirement-3:
Management accounting:
Management accounting or cost accounting is the process of analysing business costs and operations to prepare internal
To-identify: Skills that employers value highly.
Requirement-4:
Public Accounting:
Public accounting is the form of accounting performed by public accountants which produces the attest report that is confined to the professional standards. For example consultancy services, preparation of tax returns.
To-identify: whether accountants stay in public accounting.
Requirement-5:
Average salaries of Accountants:
Average salaries of accountants depend upon the skill level of accountants and it will differ according to the experience of his or her job, Location of the Company, size of the organisation and responsibilities assigned.
To-identify: comparison of accounting major’s salaries with non-accounting majors.
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Check out a sample textbook solutionChapter 1 Solutions
EBK MANAGERIAL ACCOUNTING
- Choose TWO of the following questions to discuss: In your opinion, what was the most important topic or subject you studied in this course? Explain your answer. What topic or subject did you struggle with most in this course? What did you find most surprising about this course? What did you learn in this course that you think will benefit you in your future studies or career path? This course completes your study of the foundations of accounting. After completing this course, what area of accounting are you interested in pursuing?arrow_forwardWhat are some of the benefits to obtaining a degree in accounting? What is the difference between a career in public accounting and private accounting? What are some of the traditional careers of accounting graduates? What new areas are accountants expanding into?arrow_forwardPlease assist with addressing the two topics below. Describe at least two potential positions related to managerial accounting that you personally found to be interesting and explain why they were noteworthy to you. Include a link to the job posting or job description. Compare these positions and job descriptions to those that require a background in financial accounting. Are they similar or different? Thank you!arrow_forward
- Discuss the role of ethics in accounting. What ethical considerations do accountants need to keep in mind while performing their duties? What are some common ethical dilemmas that accountants face, and how should they address them?arrow_forwardAn accounting and finance career goal statement should be approximately one paragraph that describes the kind of position and field one would like to move into in the future. What industry does this person hope to find themselves in if they're career goal is to be in the accounting and finance field? What are the skills do they hope to utilize in this position?arrow_forwardExplain: Understanding the intentions of accounting students to pursue career as a professional accountant.arrow_forward
- Discuss how the study of accounting will help in your personal and professional lifearrow_forwardWhat are the different careers available to those who study and specialize in financial management?arrow_forwardWhat is accounting and what is it about? Careers in accounting that you can go in Types of businesses and business ownership What are some of the processes in accounting such as the accounting equation, the ledger general, journal, trial balance, income statement and balance sheet. Explain the processes and why they are important. Incurring a profit and loss in a business The Generally Accepted Accounting principles What are some of the advantages of accounting, for example decision making. Jobs in accounting, salaries, working hours, educational requirement, Technology in accounting. Anything elser that you would like to include Your personal view of accountingarrow_forward
- What have you learnt in a course relating to financial accounting? How you can contribute the Financial Accounting Department of a company if you are recruited?arrow_forwardWhat does someone at their stage of academic and professional development need to know about employment trends in accounting and finance?arrow_forwardAccounting information systems by Gelinas: Why does the accountants need to learn about information systems?arrow_forward
- Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningPkg Acc Infor Systems MS VISIO CDFinanceISBN:9781133935940Author:Ulric J. GelinasPublisher:CENGAGE L