Chapter 1, Problem 4EYCT

Identify the top three concepts or skills you learned in this course that you believe will be the most useful to you in your current or future professional career or education along with rationale as to their importance to someone in the field of accounting or financial management.

What 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?

Below are possible career opportunities for those earning a degree in accounting. Indicate whether the statement related to each career is true or false.(True/False) Someone earning a degree in accounting could pursue the following career:1. ________ Auditor2. ________ Tax preparer3. ________ Business consultant4. ________ Financial planner5. ________ Forensic investigator6. ________ Tax planner7. ________ Financial analyst8. ________ Information technology developer9. ________ Investment banker10. ________ Tax lawyer11. ________ FBI agent12. ________ Information risk manager

Research the topic "data analytics". After completing the research: Describe the understanding of data analytics. Be sure to include its impact on the accounting community and financial accounting specifically. Why does one think it is a major focus of the updated CPA exam?

Discuss how the study of accounting will help in your personal and professional life

Why shall accounting students need to study accounting theory? Choose one of accounting theories you have learned in ACC202 Accounting Theory, such as agency theory, an alternative accounting system, efficient market hypothesis, etc., reflect on what benefits you have obtained from learning this theory

Use the internet to research one manufacturing, one retail (or merchandising), and one service business. For each business, describe the following: A. the primary purpose of the entity B. the types of activities that accountants would record (hint: what is the source of the business funding, and what costs might the business have?) C. the types of decisions that might be made in this organization and how financial and nonfinancial information might help the decision-making process

Which of the following is typically required for entry-level positions in the accounting profession? A. bachelors degree B. masters degree C. Certified Public Accountant (CPA) D. Certified Management Accountant (CMA) E. only a high school diploma

What is a benefit to a career in accounting? a. High salaries.b. Wide range of job opportunities.c. High demand for accounting graduates.d. All of these answer choices are correct.