Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
In relation, this is also because the responsibilities of a CPA is chiefly based on financial and economic aspects of every organization around him as well as the economic standing of the entire nation.
The Importance of CPA to the Society
CPA plays a very important role to the society. Let's start in the general and most important area where CPA can greatly affect the entire society. That is, the role of CPAs in a nation's government. CPAs working for the government has the responsibility of maintaining a good financial condition of the country. Without them, it is possible that the financial budget of a nation may go out of what is necessary.
From the history of the United States' public accounting, Flesher and his colleagues, from their article The First Century of the CPA, indicates the significant role that certified public accountants have played in the industry of banking and other financial institutions.
Public accounting was one product of the forces that transformed the United States in the late 19th century. The country moved from a primarily rural and agricultural society to the one that was urban and industrial.
These days, accounting is playing a major role in the financial industry of the society. For instance, in stock markets or in companies, CPAs are necessary to properly track the financial activities and similarly guide the loss and gains of finances. Without the CPAs, business climates may become unpredictable.
The contributions of CPAs to society, in the form of government service, is not seasonal. Hence, with the tiresome responsibilities that they have to perform, providing an all-year-round service of monitoring the budget and spending of the nation. As indicated in TSCPA web site, on the...
George, CEO of Clifton Gunderson (Journal of Accountancy, 2005), commended them in their contribution to the Americans. George has the following commendations to them.
With the 360 Degrees of Financial Literacy program, CPAs have an opportunity to help Americans understand the need to take responsibility for their retirement planning. According to the Roper Poll the AICPA performed in April 2004, 49% of respondents had never heard of a 401 (k) plan -- and this is the primary savings vehicle for most Americans. CPAs can use the resources of the Financial Literacy Resource Center, www.aicpa.org/financialliteracy, to get out into their communities to teach people about retirement savings vehicles and planning. We can help Americans change their financial futures."
References
Understanding CPA Services: How to Choose a CPA
Retrieved on September 22, 2005 from Online. http://www.vscpa.com/Press_Room/About_CPA_Services.aspx#choose
TSCPA CPA-PAC. http://www.tscpa.org/gvtaffairs/cpapac/default.asp
Flesher, D., et. al. (1996). The First Century of the CPA.
CPA Profession The accounting profession has had more than its share of ups and downs in the last two decades. The business environment in this period, led by major technological innovations, has changed drastically and become infinitely complex -- making the job of accountants far more varied. Whereas once Certified Public Accountants (CPAs) worked almost exclusively in accounting, auditing or tax preparation, now CPA firms have to handle fields such
The article also focuses on the differences in decision making of senior accountants based on the type of education they received vs. The amount of practical experience they had. The 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
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,
CPA Interview I interviewed John Perez who is a recent graduate of Florida International University. John obtained his CPA designation shortly after graduation in 2009. He currently works for Macy's Inc., in Cincinnati, Ohio as a corporate accountant. He has been working in this capacity for the past 8 months and cites his CPA designation as a catalyst for obtaining his career with Macys. How has having a CPA certification or consulting
Admission to graduate school depends on the test takers scores on the verbal and quantitative sections of the GRE. Background of the GRE Historically speaking, there has been widespread criticism of the GRE, as some have argued for decades that GRE scores do not constitute a meaningful measure of a potential graduate student's knowledge or capability for success. Many schools and universities have disagreed with the subject test requirements, and the
Once I have finished college, I will look for a junior position at an accounting firm. With my accounting job experience and good achievements, I am confident that I have good prospects. Once I have been hired, I will prove myself by delivering an excellent service. My hope is that the firm that hires me will offer advancement opportunities, towards which I will then work. Once I have about one