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¶ … accounting profession is a necessary practice because the discipline still has room for growth. In fields related to auditing, gross failures in the internal auditing system have been reported. In order to avert such occurrences; having a publication on a given accounting situation is essential. Investors, accountants, and students have to be provided with reliable and concise information in the document. This can be communicated effectively using appropriate publication documents. This analysis examines on the possibility developing appropriate publication as a response to the needs of the industry.
Planning Your Article
The extract affirms the necessity of processing a clear, concise, and understandable article. This is because the accounting profession is a demanding occupation that requires primary ethics and exactness. Article development requires proper planning, choosing a viable topic, and researching on it. The topic should seek to resolve an accounting problem. In order to pursue the article, the authors have advised the researcher to consider options of having the article published by verified and honorable...
This will be critical in ensuring that the article is relevant among professionals in the field and even to other audiences. Publishers will prove the certainty, viability, and feasibility of the project. Publication should focus on the needs of the target audience, editors' preference, and style that the document uses.
Research
Once the threshold of the publication has been established, the researcher must identify the study materials to be applied in the publication process. This will begin with the identification of the area of study that he/she desires to publish. It will also entail the identification of vital information like scholarly journals related to the topic. The researcher will be required to focus on current interests and disciplines in the accounting profession. The researchers have also emphasized on the need for the researcher to integrate all other concepts learned in this book and especially those of chapter eight.
Drafting & Reviewing the Article
After research material is generated, the researcher must develop a draft on how the material would look like. The…
References
May, C, & May, S. (2012). Effective Writing: A Handbook for Accountants. New York: Pearson Prentice Hall
However, when a shock happens that changes that pattern, the information is no longer relevant. In periods of turmoil, only the most up-to-date information is relevant. The usefulness of the information wanes quickly as the behavior of the company becomes more erratic. After a period of erratic behavior and change, the company may be forced to make internal changes that affect the way they do business. They may make
This will of course change the methods in which companies in the U.S. do their accounting and report financial information, but a change in accounting methods should not lead to a major change in the way these companies actually perform their business. If the transition to IFRS rather than GAAP is expected to change a company's business practices, it is only a sign that the transition needs to be made
Professionalism Accounting The accounting profession is one of great responsibility and duty. Certain obligations are required of those who wish to manage the financial affairs of the businesses and organizations that keep the economy, and eventually the population sustained with energy and motivation. The purpose of this essay is to relate the professional qualities necessary to be successful within the accounting and financial management sectors of careers. I will identify and
Ethics and Independence in the Accounting Profession There are according to the text, two primary reasons that people act unethically. A person will act unethically if there standards differ substantially from those of society "as a whole" or if the person chooses consciously to act in a selfish manner. There is no profession more profoundly impacted by the effects of ethical standards that the accounting profession. The effects of ethical and unethical
Accounting in Australia: Accounting basically incorporates the recording of events as well as the organization and detailing results, which is the main medium in discharging accountability. Accounting has developed to become an important element of the business fabric and economic development of a country and its organizations and institutions. This element has developed as a profession and business practice that is closely linked with the considerable economic development in Australia for
This process has been ongoing since then. One of the major differences between the two standards is going to be that whereas GAAP emphasizes rules, the IFRS is a principle-based approach. Implementing a principles-based approach has significant implications for American tax practice. Many of the specific differences between the two systems will have a direct impact on tax practice. In IFRS, LIFO is prohibited and inventory write-downs may be reversed