In addition, there is no requirement, per se, for a master's degree; Within the total hour requirement, 36 semester hours of accounting and/or tax courses above the principles level and 39 semester hours of general business courses, including six semester hours in business law (Uniform CPA Exam).
The Uniform CPA Examination consists of four sections: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR) and Regulation (REG). The exam is offered up to six days a week during January, February, April, May, July, August, October and November each year.. After the state board determines a candidate is eligible to sit for specific sections of the CPA Examination, the candidate will receive a Notice to Schedule (NTS). The candidate can then register directly with a Prometric testing center to take one or more sections. The CPA exam is a closed book, secured examination. Candidates are required…...

An increase in the number of businesses, changing financial laws and regulations, and increased scrutiny of company finances will drive growth. In addition to openings resulting from growth, the need to replace accountants and auditors who retire or transfer to other occupations will produce numerous job openings in this large occupation."
Following a slew of recent accounting scandals (does Enron ring a bell?), federal legislation was passed to increase penalties, and make company executives individually responsible for falsely reporting financial data (U.S. Department of Labor Bureau of Labor Statistics, 2004). These changes should lead to greater scrutiny of company finances and accounting procedures, and should create more opportunities for accountants and auditors, particularly CPAs, to be more thorough in auditing financial records.

eferences

CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. etrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&UL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

CPA.net. (2004). What is a CPA? etrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&UL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

North Carolina Administrative Code,…...

mla

References

CPA.net. (2004). Colleges and Universities Offering Accounting Degree Programs. Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

CPA.net. (2004). What is a CPA? Retrieved from the Internet at http://www.cpanet.com/education/site.asp?AID=10&LIST=0020&URL=http%3A%2F%2Fwww%2Eaicpa%2Eorg%2Fnolimits%2Fbecome%2Findex%2Ehtm&Site=01%2E+Becoming+a+CPA.

North Carolina Administrative Code, Title 21 - Occupational Licensing Boards, Chapter 8. Board of Certified Public Accountant Examiners, as amended through January 1, 2005. Retrieved from the Internet at http://www.cpaboard.state.nc.us/subchapter8g.htm.

U.S. Department of Labor Bureau of Labor Statistics. (2004). Accountants and Auditors. Retrieved from the Internet at  http://stats.bls.gov/oco/ocos001.htm .

deceitful profession, certified public accountants would most certainly not be the first to come to mind. That is because CPAs are known and respected for their honesty. The profession goes out of its way to project that image, and there is a certain amount of truth to it. However, not all CPAs are squeaky clean and respected for their honesty. Some are quite dishonest and are putting a black mark on the image of the entire profession. There is one area where the CPA profession has fallen short of protecting the public interest. There is a general duty that accountants owe to their clients and the other persons who are affected by their actions. Two elements compose the general duty of performance: skill and care. Another element and responsibility is owed to clients and other persons, which is that accountants should observe a standard of ethical or social responsibility.
One…...

mla

References

Fulmer, W.E. And B.R. Cargile: 1987 Ethical Perceptions of Accounting Students: Does Exposure to a Code of Professional Ethics Help? Issues in Accounting Education 2, 207-219.

Loeb, S.E.: 1988, "Teaching Students Accounting Ethics: Some Crucial Issues', Issues in Accounting Education 3, 316-329.

Metzger, J.D.: 1992. "Business Law and the Regulatory Environment: Consepts and Cases 8th Edition. 1061.

McGee, R.W. 2000. "CPAs vs. The Public Interest." Dumont Institute, Ethic Information Center.

American Institute of Certified Public Accountants (AICPA) pioneered and mulled over a set of standards for auditing professionals. These eventually became recognized as the 10 generally accepted auditing standards. The 10 generally accepted auditing standards fall under three main categories:
General standards -- Audits must be executed by a qualified and adept auditor.

All matters relating to the project should be addressed with autonomy in mental attitude.

Professional care is to be exercised at all times.

Field work Standards -- work is to be sufficiently planned and appropriately managed.

To evaluate the risk of substantive misstatements, a satisfactory understanding of the entity is essential. knowledgeable auditing skills must be demonstrated through auditing measures performed to afford a reasonable basis for an opinion.

Reporting Standards -- Report whether the financial statements are presented in harmony with generally accepted accounting principles. Report the conditions in which principles have not been consistently observed in the current period. Informative…...

mla

Bibliography

Financial Accounting Standards Board. (2012, Jan 8). www.fasb.org. Retrieved from www.fasb.org:  http://www.fasb.org/home 

Kinyo, L. (2006, April 4).   Retrieved from Hubpagees.com: http://lindakinyo.hubpages.com/hub/Generally-Accepted-Auditing-Standards .

Another challenge facing the industry today is the important legal issues that surround the Sarbanes-Oxley Act (Koehn & Del Vecchio, 2004). One of these is the fact that the process of due diligence practiced by many companies is now taking much longer (Koehn & Del Vecchio, 2004). There is a higher degree of caution than was previously utilized and because of this many companies are discovering information that would have gone unnoticed before the Act was passed. This is, however, not the only legal issue that the Sarbanes-Oxley Act has caused (Koehn & Del Vecchio, 2004). Another concern is that accountants and attorneys could now be required to report the known wrongdoings of corporations that they have business with to authorities.

Since lawyers are now required to disclose these types of issues, the attorney-client privilege has been compromised by this Act (Koehn & Del Vecchio, 2004). However, the Act was necessary…...

mla

Bibliography

Bradley, C.F. (1994). An empirical investigation of factors affecting corporate tax compliance behavior. Ph.D. dissertation, the University of Alabama.

Koehn, J.L. & Del Vecchio, S.C. (2004). Ripple effects of the Sarbanes-Oxley Act. The CPA Journal: 36-40.

Roper, J.C. (2006). Expert backs Enron's accounting practices. Houston Chronicle. Retrieved from  http://www.chron.com/disp/story.mpl/front/3839212.html .

This role is in response to clients' demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare." (U.S. Department of Labor, ureau of Labor Statistics, 2009)
1. Public Accounting

The work entitled: "The Reality of the CPA's Role" states that modern CPAs work "behind the scenes as trusted advisors in nearly all significant business decisions. Successful accountants display the ability to think strategically and creatively and to be problem solvers and business advisors." (Douglass, 2006) Douglass states that the views of the CPA are widely varied "...whether from the viewpoint of the investing public or from the perspective of the companies that engage CPAs to audit their financial statements or perform other functions. In fact, many people not involved in the business management or accounting profession may perceive CPAs as…...

mla

Bibliography

Douglass, Kevin (2006) the Reality of the CPA's Role New Jersey CPA Magazine, April 2006. Accounting and Auditing. Online available at:  http://www.amper.com/publications/amper-cpa-role.asp 

Erard, Brian (1992) Taxation with Representation: An Analysis of the Role of Tax Practitioners in Tax Compliance. Journal of Public Economics 52 (1993) 163-107. North-Holland. Online available at:  http://aysps.gsu.edu/isp/files/ISP_SUMMER_SCHOOL_2008_ERARD_TAXATION_WITHOUT_REPRESENTATION.pdf 

Financial accounting for Local and State School Systems (2005) Chapter 4: Governmental Accounting. National Center for Education Statistics. U.S. Department of Education, Institute of Education Sciences. Online available at:  http://nces.ed.gov/pubs2004/h2r2/ch_4.asp 

Garrison, Ray H. And Noreen, Eric W. (2009) What is Managerial Accounting/Cost Accounting. Accounting Management. Online available t:  http://www.accountingformanagement.com/

Self-Assessment
The initial step starts with self-assessment. Various territories of self information are imperative in establishing a framework for a career plan. I initially need to comprehend my particular identity e.g. Am I active or bashful, latent or forceful, mindful or passionate. What's more, I should be clear about my mentalities toward life and work. For instance, an inspirational state of mind about work characterizes who I am and may turn me toward a career that gives the chance to take part in a driving enthusiasm however it would not intrigue somebody for whom work is just a fundamental malevolence to give stability and salary. (Andolsen, 2008).

Using the MTI personality type analysis, I can determine 4 levels of my personality; namely introversion, sensing Or sensitivity, thinking ability and perception. this can then allow me to determine whether I am logical, practical, adaptable l, observer or a problem-solver, leader or follower, realistic,…...

mla

Bibliography

ABS. (n.d.). Accounting Degrees and Certification: What You'll Study in an Accounting Program. Retrieved from All Business Schools:  http://www.allbusinessschools.com/business-careers/accounting/degrees/ 

ALCC. (n.d.). The Importance of Computer Skills in Accounting. Retrieved from Academy of Learning Career College:  http://www.academyoflearning.ab.ca/blog/the-importance-of-computer-skills-in-accounting/ 

Andolsen, A. (2008). Six Steps to your Successful Career Path. Information Management Journal, 56.

CAP. (n.d.). Workplace and Careers. Retrieved from Capt.org:  https://www.capt.org/using-type/workplace.htm

Accountant
hy I Chose Accounting

"I hate math." Ever since I can remember people have approached me to tell me how much they loathe math, when they hear that I love it. However, I have always been fascinated by the order mathematics can bring to a chaotic world. Sometimes when life seems hard, it is very comforting to be able to look at numbers. This is not to say, of course, that accounting is not challenging. In fact, like many prospective accounting majors, I initially struggled with the discipline in my fundamentals courses ("Top 10 Easiest and Hardest College Degree Majors of 2016"). There is a reason that introductory accounting classes are often considered weeding-out, gatekeeping classes for the profession. Many people decide they want to be accountants because they think it is a lucrative profession that does not require as much additional schooling as law or medicine but then find out…...

mla

Works Cited

Erstad, Will. "Is an accounting degree worth it or worthless?" Rasmussen. 16 Nov 2015.

Web. 8 Jul 2016.

Grohol, John. "10 Highly Effective Study Habits." Psych Central. Web. 8 Jul 2016.

"How to become a CPA." CPA Review. Web. 8 Jul 2016.

The relationship between Employee 2 and the accounting manager is one where the manager experiences a greater degree of dependency, because of the employee's expert power. Hence the manager is as it were obliged to comply with Employee 2's requirement in order to ensure that the employee provides the necessary services to the company. On the other hand, were the manager to appoint an additional certified public accountant, the expert power of Employee 2 would be considerably diminished, especially once the new employee becomes well versed in his work. This would provide a stronger basis of formal power to the accounting manager, and Employee 2 in turn would be obliged to work a normal week, like all the other employees in the department.

Employee 3 also exercised personal power, and specifically the element of referent power, in terms of her personal traits. Because of the employee's personality, others are naturally drawn…...

mla

Works Cited

Robbins, S.P., & Judge, T.A. (2007). Organizational behavior (12th ed.) Upper Saddle River,

NJ: Pearson Prentice-Hall. ISBN: 9780131890954.

supplied in Chapter 25 is dense, and full of key facts and ideas that are useful in guiding a board of a non-profit organization into a prudent position when discussing the ideas of growth through investment. The myriad of options and terms also suggests that a certified public accountant is best able to pinpoint the most satisfactory approaches to an economic and efficient investment program that may be used to fuel and fund projects to new levels of success.
The chapter begins by discussing the different types of investments available to a board when considering the options to grow the organization in an beneficial manner that is aligned with the greater organizational strategy. The authors are not hesitant to offer their opinions when guiding the reader to a certain conclusion. Throughout the reading, they offer concrete examples of how the principles introduced can be practically applied in real world example.…...

Accounting Careers
Accounting is a common function in virtually every organization, irrespective of size and industry/sector of operation. The function is generally concerned with documenting business transactions and preparing financial statements. The accounting field offers numerous career paths. These include financial accounting, managerial accounting, internal auditing, tax accounting, financial analysis, payroll clerking, and forensic accounting (Bureau of Labor Statistics [BLS], 2015; American Institute of Certified Public Accountants [AICPA], 2017). Though related, each of these careers is unique in its own way. A financial accountant is involved in making and receiving payments, recording transactions, and preparing financial statements. Closely related to financial accounting is managerial accounting. While a financial accountant prepares financial statements for use by outsiders such as shareholders and lenders, a managerial accountant prepares financial records for internal use. The work of a payroll clerk is to ensure employees are paid accurately and on time. The clerk prepares, processes, and…...

ole of Accounting on Business and Our Society
Financial statements play a key role in reporting the financial performance of a business besides helping managers to make better decisions. Business leaders often would interpret the different financial statements in order to understand the position of their business, the necessary risks that their businesses are facing, and the financial actions that should be taken to make the business to grow. All the financial statements developed for the operation of a business are critical in providing necessary information on the accounts. They allow business leaders to understand the business and take of necessary investment or controls needed for the success of the business.

Financial statements have unique roles since they are essential in determining the extent of success in an organization. A cash flow statement is helpful in analyzing the amount of cash available and those needed to meet the operating costs of the…...

mla

References

Weygandt, J., Kimmel, P., & Kieso, D. (2013). Accounting principles, Volume 1 (11th ed.).

Hoboken, NJ: John Wiley & Sons.

he article also focuses on the differences in decision making of senior accountants based on the type of education they received vs. he amount of practical experience they had. he article focuses on these issues as it pertained to the value of accounting education and experience in the stock market. Overall this resource is well written and seeks to provide a point-of-view from the epicenter of the finance world -- the stock market.
Outline

I. Introduction

hesis: Accountants with a CPA license rather than an MBA degree have a better chance of getting hired, advance and succeed in the public accounting field.

II. Certified Public Accountant

A. Steps required to become a CPA

B. Certification requirements for public accountants

C. Job Prospects/Demand for CPAs

D. Global need for CPAs

E. Career Advancement for CPAs

III. Compare and Contrast demand for CPAs vs. MBAs

A. CPA as a highly specialized certificate necessitating the grasp of highly specialized skills.

B. MBA involves a…...

mla

The survey found that entry level accountants needed to be better equipped to use their skills in business situations, to determine accounting issues and audit business risks, and to effectively communicate with management. As a result of this survey and other debates the CPA exam was changed in 2004 to make it more conducive to the situations that candidates would face in real life business environments.

Although the newer tests are designed to certified those with the best skills, it also reduces the number of people who will pass the test. For this reason some firms are offering incentives to those candidates that are able to pass the test. The article explains that because the certification is essential to progress and career development in accounting as well as the profitability of a business providing an incentive for passing the exam is beneficial to exam takers and businesses (Charron & Lowe 2009).

Overall CPAs are simply in demand in a manner that MBAs are not. The research indicates that CPAs have more specialized skills that are needed and sought after.. The demand for these skills are both national and global. Even though there are some benefits associated with having an MBA, these benefits are outweigh by the advantages associated with a CPA and therefore accountants with a CPA license rather than an MBA degree have a better chance of getting hired, advance and succeed in the public accounting field.

A the direct support or supervision of individuals who deliver all, or any portion, of the personal financial planning process to a client.

A teaching all, or any portion, of the personal financial planning process.

Finally the applicant must agree to adhere to the CFP Code of Professional Conduct and submit to a background check. Any pending litigation must be disclosed.

The Financial Planner typically operates in four major areas: investment planning, estate planning, retirement planning and business succession planning. All of these areas are highly specialized and a planner may decide to specialize in one or more areas. Major firms will offer all of these services to clients, but the delivery method may vary by company. Firms such as Lincoln Financial Advisors, American Express Financial Services and AXA Advisors offer all of these services.

Another group of firms includes brokerage firms, also called wire houses, that may offer some or all of these…...

mla

Bibliography

Certified Financial Planner Board of Standards. 20 April 2005.  

training is sometimes necessary in order to provide the company a skilled enough worker to handle even the toughest work. However, sometimes, one does not have to seek the highlight training available to perform well on their job tasks. Sometimes training and education can be more of a hindrance than an aid. Public accounting firm personnel often have a difficult time with the various job responsibilities that have. Some believe additional training and education may help. Some believe it is a waste of time and resources to seek anything higher than CPA certification. Should public accounting firm personnel responsible for auditing information systems be required to have additional certification beyond the CPA? The answer is no.
Body

hy say no? It is first important to look at the reasoning behind the answer. One can do this by examining what CPA is and what it stands for. CPA is an acronym for…...

mla

Works Cited

Allen, Arthur, and Angela M. Woodland. 'The 150?Hour Requirement And The Number Of CPA Exam Candidates, Pass Rates, And The Number Passing'.Issues in Accounting Education 21.3 (2006): 173-193. Web.

Armitage, Jack. 'The Experience Requirement For CPA Licensure'. The CPA Journal 84.2 (2014): 61. Print.

Crespi, Cheryl S., and Marie Kulesza. 'Shifting Experience Requirements For Obtaining Initial Certification As A CPA: A Study Of Changing Standards And Experience Requirements'. Papers.ssrn.com. N.p., 2013. Web. 4 Nov. 2015.

Gleim, Irvin N, and Grady M Irwin. CPA Review. Gainesville, Fla.: Gleim Pub., 2010. Print.