Friday, April 30, 2010
Wednesday, April 14, 2010
Visuals
I like this video because it shows me the importance in accounting and why we need it
I like this video because this video shows me the basics of accounting and what it is
Friday, April 9, 2010
Interview write up
1. Q: How is it being an accountant?
A: I teach accounting to wonderful students and perform the accounting functions for my own business, so I'm not technically an accounting but use and teach accounting on a daily basis.
2. Q: Do you like being an accountant?
A: I like teaching and accounting for my business very much. I am a very organized person and like everything in its place, and that is why I believe I like accounting.
3. Q: What are the good things about being an accountant?
A: I have a predictable schedule and reliable source of income, unlike other careers such as sales where there in uncertainty. There is always room to grow in the accounting field as well, as new laws and regulations come up continually, and there are always new areas to learn about such as forensic accounting and fraud detection.
4. Q: What are the bad things about being an accountant?
A: Routine accounting functions can become boring and hard on the eyes. There's not much exercise associated with accounting, either! It is also hard to keep up with all of the changes in tax laws, etc.
5. Q: Did you always want to be an accountant?
A: No, I originally wanted to be a doctor, and then a hotel manager, but my academic path led me into the business field, and then education, and then accounting education.
6. Q: Do you think there should be more accountants or less? Explain?
A:I think there should be more accountants because I get to teach the accounting classes students need to become accountants.
7. Q: Do you think accounting is an easy job or hard job? Explain?
A: The difficulty of the accounting job depends upon the task and the level of experience the accountant has. Routine bookkeeping is not difficult, but more complex accounting functions take time to learn to do correctly.
8. Q: Which accountants is there more of or less of? Explain?
A: According to our textbook, 60% of accountants work in the private sector (for one individual company); 25% work in the public sector (such as accountants at H&R Block who do taxes for a number of clients); and the remaining 15% work for non-profits, governmental agencies and other misc. fields.
9. Q: What do you wish was different about the accounting jobs?
A: I cannot think of anything I wish was different.
10. Q: What issues do you think accountants have?
A: The field of accounting continues to expand with the different specializations such as tax, estate planning, auditing, etc. Keeping up with the laws and generally accepted accounting principles is a challenge. It can also be a challenge keeping up with technology upgrades.
interviewed my accounting teacher on April 5 2010. We did the interview over e-mail. I ask my teacher 10 questions about accounting. I learned from this interview is that there are too many accounting jobs and to hard to keep up with the new accounting jobs and the technology for them too. Also I learned that there should be more people going for accounting jobs so we can keep up with all new accounting jobs and the technology for accounting. Plus I learned that the higher in accounting jobs, the harder the difficult of the job it’s going to be.
A: I teach accounting to wonderful students and perform the accounting functions for my own business, so I'm not technically an accounting but use and teach accounting on a daily basis.
2. Q: Do you like being an accountant?
A: I like teaching and accounting for my business very much. I am a very organized person and like everything in its place, and that is why I believe I like accounting.
3. Q: What are the good things about being an accountant?
A: I have a predictable schedule and reliable source of income, unlike other careers such as sales where there in uncertainty. There is always room to grow in the accounting field as well, as new laws and regulations come up continually, and there are always new areas to learn about such as forensic accounting and fraud detection.
4. Q: What are the bad things about being an accountant?
A: Routine accounting functions can become boring and hard on the eyes. There's not much exercise associated with accounting, either! It is also hard to keep up with all of the changes in tax laws, etc.
5. Q: Did you always want to be an accountant?
A: No, I originally wanted to be a doctor, and then a hotel manager, but my academic path led me into the business field, and then education, and then accounting education.
6. Q: Do you think there should be more accountants or less? Explain?
A:I think there should be more accountants because I get to teach the accounting classes students need to become accountants.
7. Q: Do you think accounting is an easy job or hard job? Explain?
A: The difficulty of the accounting job depends upon the task and the level of experience the accountant has. Routine bookkeeping is not difficult, but more complex accounting functions take time to learn to do correctly.
8. Q: Which accountants is there more of or less of? Explain?
A: According to our textbook, 60% of accountants work in the private sector (for one individual company); 25% work in the public sector (such as accountants at H&R Block who do taxes for a number of clients); and the remaining 15% work for non-profits, governmental agencies and other misc. fields.
9. Q: What do you wish was different about the accounting jobs?
A: I cannot think of anything I wish was different.
10. Q: What issues do you think accountants have?
A: The field of accounting continues to expand with the different specializations such as tax, estate planning, auditing, etc. Keeping up with the laws and generally accepted accounting principles is a challenge. It can also be a challenge keeping up with technology upgrades.
interviewed my accounting teacher on April 5 2010. We did the interview over e-mail. I ask my teacher 10 questions about accounting. I learned from this interview is that there are too many accounting jobs and to hard to keep up with the new accounting jobs and the technology for them too. Also I learned that there should be more people going for accounting jobs so we can keep up with all new accounting jobs and the technology for accounting. Plus I learned that the higher in accounting jobs, the harder the difficult of the job it’s going to be.
Wednesday, April 7, 2010
Annotated Bibliography
Brice Boyd
Annotated Bibliography
“Finance, Accounting Salaries Rise In Tight Pool”. Journal of Business 24 Jan. 2008: Research Library Core, ProQuest. Web. 5 Apr. 2010.
This source goes over accounting professionals salaries. It starts off saying that accounting professionals are expecting a 4.3% increase in salary. In the article these professions are the ones to see the largest gain of them all financial analysts, public accountants, and internal auditors. The larger companies and budget are to see the biggest rise in base pay and starting salaries. Between $38,250 and $47,500 is the annually pay. Audit managers at large companies receive around 81,500 and 109,500 annually. Starting salaries for senior managers and directors at midsize firms are to between $88,250 and $129,250. At small firms professionals at this stage can expect a 7.7 percent increase in average starting salaries, to a range of $44,750 to $53,250.
Bentz, Victoria, Personal Interview, 5 Apr, 2010
This interview for my research is good because I got answers from an accounting teacher who knows a lot about accounting. I ask her questions that I think that were good questions to go into my paper. I asked her if she thought there were any issues with accounting and she said “The field of accounting continues to expand with the different specializations such as tax, estate planning, auditing, etc. Keeping up with the laws and generally accepted accounting principles is a challenge. It can also be a challenge keeping up with technology upgrades”. Which I agree with because we have so many different kinds of accounting and it is hard to keep up with them all. Because they are all different. Some are harder then others and some are easier then others.
Norris, Floyd. "S.E.C. Restricts Short-Selling and Addresses a Global Accounting Shift ." http://www.nytimes.com/2010/02/25/business/25audit.html. 25, Feb 2010. New York Times. 7 Apr 2010
The article i picked is from the New York Times and is called "SEC Restricts Short Selling and Addresses a Global Accounting Shift" by Norris Floyd. In this article it talks about the commission hopes to approve the switch of American companies to international accounting standards by 2011. This article will help because it talks about a current issue that is going on in the world today. It also helps because it tells me who is involved and who wants the switch to happen and who doesn’t want it to happen. It also talks about the new short sales rules on any new stock. It gives me statistics on recent year’s numbers and tells me if they have gone down or up since then. It talks about the international accounting standards. Also it talks on how the Europe commissions allowed banks in Europe to opt out one of the accounting standards. This article gives me quotes of people who either like this change or not and hear how they feel about this accounting issue.
Tribe, Cassandra. "Comparing GAAP Accounting vs. Tax Accounting." (2010): n. page. Web. 7 Apr 2010..
I pick this source because it compares to kinds of accounting for me and I get to see the differences in them. The differences in tax accounting and GAAP (General Accepted Accounting Principles) Accounting. It gives the identification, features, benefits, considerations, and expert insight of how these two accounting jobs are different. In my paper I can explain where the significant in each one and the insignificance in each one. Then compare the two in those categories. It gives me some nick names on each accounting job or what they call them. Some of these accounting make unsuitable choices. I really think this will help me explain how there are to many kinds of accounting jobs and its hard to keep up with all of them.
Annotated Bibliography
“Finance, Accounting Salaries Rise In Tight Pool”. Journal of Business 24 Jan. 2008: Research Library Core, ProQuest. Web. 5 Apr. 2010.
This source goes over accounting professionals salaries. It starts off saying that accounting professionals are expecting a 4.3% increase in salary. In the article these professions are the ones to see the largest gain of them all financial analysts, public accountants, and internal auditors. The larger companies and budget are to see the biggest rise in base pay and starting salaries. Between $38,250 and $47,500 is the annually pay. Audit managers at large companies receive around 81,500 and 109,500 annually. Starting salaries for senior managers and directors at midsize firms are to between $88,250 and $129,250. At small firms professionals at this stage can expect a 7.7 percent increase in average starting salaries, to a range of $44,750 to $53,250.
Bentz, Victoria, Personal Interview, 5 Apr, 2010
This interview for my research is good because I got answers from an accounting teacher who knows a lot about accounting. I ask her questions that I think that were good questions to go into my paper. I asked her if she thought there were any issues with accounting and she said “The field of accounting continues to expand with the different specializations such as tax, estate planning, auditing, etc. Keeping up with the laws and generally accepted accounting principles is a challenge. It can also be a challenge keeping up with technology upgrades”. Which I agree with because we have so many different kinds of accounting and it is hard to keep up with them all. Because they are all different. Some are harder then others and some are easier then others.
Norris, Floyd. "S.E.C. Restricts Short-Selling and Addresses a Global Accounting Shift ." http://www.nytimes.com/2010/02/25/business/25audit.html. 25, Feb 2010. New York Times. 7 Apr 2010
The article i picked is from the New York Times and is called "SEC Restricts Short Selling and Addresses a Global Accounting Shift" by Norris Floyd. In this article it talks about the commission hopes to approve the switch of American companies to international accounting standards by 2011. This article will help because it talks about a current issue that is going on in the world today. It also helps because it tells me who is involved and who wants the switch to happen and who doesn’t want it to happen. It also talks about the new short sales rules on any new stock. It gives me statistics on recent year’s numbers and tells me if they have gone down or up since then. It talks about the international accounting standards. Also it talks on how the Europe commissions allowed banks in Europe to opt out one of the accounting standards. This article gives me quotes of people who either like this change or not and hear how they feel about this accounting issue.
Tribe, Cassandra. "Comparing GAAP Accounting vs. Tax Accounting." (2010): n. page. Web. 7 Apr 2010.
I pick this source because it compares to kinds of accounting for me and I get to see the differences in them. The differences in tax accounting and GAAP (General Accepted Accounting Principles) Accounting. It gives the identification, features, benefits, considerations, and expert insight of how these two accounting jobs are different. In my paper I can explain where the significant in each one and the insignificance in each one. Then compare the two in those categories. It gives me some nick names on each accounting job or what they call them. Some of these accounting make unsuitable choices. I really think this will help me explain how there are to many kinds of accounting jobs and its hard to keep up with all of them.
Friday, April 2, 2010
Collective Links
1. http://www.iasb.org/Home.htm
This source is useful because it gives me recent updates of whats going on in their organization. Also, it offers me products and services that will be helpful when i am starting my career in accounting. The Internationals Accounting Standards Board has a goal of setting a set of high quality accounting stadards. The organization post summaries and agendas for all of their meetings so you can stay involved with whats going on. It offers me email alert so i dont miss recent meetings or anything important. They have conferences and workshops that i can read about to learn more about accounting. It lets me see live webcast of the meeting so i can see whats going on. It also lets me have a chance to join the organization.
2. http://www.tickmarks.blogspot.com/
I picked this blog from Tick Marks because he is an accountant at a college and he gives advice for future accountants. Plus he talks about things recents issues in acoounting. In one of his blogs he talks about the new rules in auditing. In another blog he talks about where the taxs return stands and on how the IRS comments on it. He takes notes on researching current issues. My favorite one is where he give 20 tips on taxes and what you should do. He knows what he is talking about and does research on his topics so he gets his facts right. Plus he writes updates on current events that is going on in the business world. Most of his blogs are just recent and its always good to be updated on with recent events.
3. http://www.nytimes.com/2010/02/25/business/25audit.html
The article i picked is from the new york times and is called "SEC Restricts Short Selling and Addresses a Global Accounting Shift" by Norris Floyd. In this article it talks about the commission hopes to approve the switchof American companies to international accounting standards by 2011. This article will help because it talks about a current issue that is going on in the world today. It also helps because it tells me who is involved and who wants the switch to happen and who doesnt want it to happen. It also talks about the new short sales rules on any new stock. It gives me statistics on recent years numbers and tells me if they have gone down or up since then. It talks about the international accounting standards. Also it talks on how the Europe commissions allowed banks in europe to opt out one of the accounting standards. This article gives me quotes of people who either like this change or not and hear how they feel about this accounting issue.
4.http://en.wikipedia.org/wiki/Accounting
In this source it tells me the meaning of the word accounting. It tells me what accounting has been around for thousands of years. Accounting is the art of recorded, summarizing, and terms of money. It tells me the different kinds of accounting. Today accounting is called the language of business is what it says. Accountants reporting of financial statements for different buisnesses. Also Wiki gives me the history of accouting and how it was used.It tells me that accounting first engaged in the 14th century in Italy
Monday, March 29, 2010
accounting
Accounting
I picked accounting for my topic and what it takes to be one. I’m taking classes for it and I like crunching numbers and I like taking numbers from one account to another account. You have to be really good with math and know where certain money goes in which account. There are some confusing stuff with mordancies and inventory and things like that because you can go in different accounts. For example you can sell your inventory and it would cost money to sell it so it would be taken out of your inventory and put into your cost of goods sold account. There are 2 different kinds of accounting there is periodic and perpetual accounting. Periodic accounting is more basic accounting so you can get the feeling of it. Perpetual accounting is more advance accounting. There are didn’t accounts and the financial statements are didn’t ways you can do them. There in a multi step income statement which is pretty long and there is a single step income statement which is really easy to do. It is fun to me but maybe not to other people.
I picked accounting for my topic and what it takes to be one. I’m taking classes for it and I like crunching numbers and I like taking numbers from one account to another account. You have to be really good with math and know where certain money goes in which account. There are some confusing stuff with mordancies and inventory and things like that because you can go in different accounts. For example you can sell your inventory and it would cost money to sell it so it would be taken out of your inventory and put into your cost of goods sold account. There are 2 different kinds of accounting there is periodic and perpetual accounting. Periodic accounting is more basic accounting so you can get the feeling of it. Perpetual accounting is more advance accounting. There are didn’t accounts and the financial statements are didn’t ways you can do them. There in a multi step income statement which is pretty long and there is a single step income statement which is really easy to do. It is fun to me but maybe not to other people.
Friday, March 26, 2010
Subscribe to:
Posts (Atom)
