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Accounting: The Best Profession

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions, including computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, and tax strategy.

There is a lot to gain from a career in accounting. Perhaps, most importantly, people will learn how business works. It is no surprise that many successful people in business began their careers as accountants. It's also no surprise that most chief financial officers of large corporations have a background in accounting. An accountant is perfectly positioned to become a CFO because they have the best understanding of what drives business and profits in a company.

The history of accounting is as old as civilization, key to important phases of history, and among the most important professions in economics and business. Accountants engaged in the development of cities, trade, and the theory of wealth and numbers. Accountants created writing, participated in the development of mon


Tax accountants arrange corporate and personal income tax statements and express tax strategies. This involves such issues as financial choice, how to best treat a merger or acquisition, and deferral of taxes. This work requires a thorough understanding of economics and the tax code.

Most corporations, large and small, have an accounting group which prepares financial statements, track costs, handles tax issues, and works on international transactions. The work can offer leads to audit manager, tax manager, cost accounting manager, and controller on the accounting side or to manager of financial planning and analysis, and treasurer on the finance side.

There are now six women on council. Dame Sheila Masters became the first female President of the institute in June 1999. At a time when female Chartered Accountants are beginning to secure the top finance jobs, accounting can no longer be regarded as a strange choice of profession for women. In addition, with women representing over one-third of the institutes members under the age of thirty-five, the new millennium should see many more women breaching the fabled "glass ceiling"-the invisible barrier through which women can see corporate heights but cannot reach them and playing a leading role in the financial sector across the country.

The Internal Revenue Service (IRS) is the part of government which is responsible for the collection of billions of dollars in taxes. Graduates in accounting are hired by the Internal Revenue Service as trainee revenue agents and work with corporate executives, accounting attorneys, business managers, and tax payers. Some of their duties are examining accounting records and investigate other sources required to determine federal tax liabilities.

Junior year, first semester: Intermediate Accounting 1, Principles of Finance, Cost Accounting, Introduction to Marketing, Management and Organization Behavior. Junior year, second semester: Intermediate Accounting 2, Operations Management, Accounting Information systems, Financial Markets, and a Humanities Elective. Senior year, first semester: Business Law 1, Income Tax Accounting, Communication Requirement, Accounting or Finance elective, free elective. Senior year, second semester: Business Law 2, Advanced Accounting, Auditing, Accounting or Finance elective, and Strategic Information Systems and Accounting." (www.accounting)

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Approximate Word count = 1710
Approximate Pages = 7 (250 words per page double spaced)


  

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