Acc 231 Intermediate Accounting- Salary Assessment Answers
Question
Why Accounting?” at the top and find the following sections
1. Career Options – Consider all categories here including Entertainment, Technology, Sports, etc.( on the left side of the screen). Find 3 jobs that look good to you. Share a brief description of each one of your chosen 3 jobs and why this job was interesting to you.
2. Salary and Demand – Name the highest salary and the lowest salary listed here. How much do you estimate for a starting salary in accounting in the mid-Michigan Jackson-Lansing area.
3. CPA Skills – Name the 4 categories of skills outlined here and describe each category and why this kind of skill is important for an accounting professional. Then, share which category of skills best matches your skills.
4. Ask A CPA – review only
5. Real-Life CPA’s – review only
Click on: “Becoming a CPA” and then “Education Options” and then “Is Community College Right For You?” (left)
Read everything on this page. There are 6 “Pro’s” listed. Do you agree or disagree? Describe. There are only 2 “Con’s” listed. Do you agree or disagree? Describe. Pick one statistic from “The Stats” section that stands out most in your mind.
Click on: “Games & Tools” and then “FutureMe”.
6. Click through and play this game. At the end, you will be presented with 10 possible business cards and dream jobs. Pick one of the 10. Which one did you select and why would you like this job?
Answer
Introduction
CPAs are required to make some of the key decisions of a business as CPAs now the smallest financial details of the business. CPAs have the capability to interpret and analyze the various financial aspects of a business like nobody else has. With the increased compliance requirements and growing complexities, the role of CPAs is becoming more and more important and CPAs are now required in almost all industries like spots, entertainment travel foods and other industries ("Career Options"). Given below are three types of industries where the role of CPAs has been highlighted.
Sports
In the sports industry a CPA can work for an accounting firm that primarily has clients that belong to the Sports industry. A CPA can be an accountant for a sports oriented company or a sports team.
Technology
CPAs play a major while any software is being developed by ensuring that adequate internal controls are placed over the system and the system provides sufficient audit trails. They are also a part of the development team as they conduct cost benefit analysis and maintain proper account of the expenditure incurred on the software that is developed. CPA also plays the role of an IT auditor. As an IT auditor a CPA ensures that an entity maintains all financial records in electronic form as required by law and all the financial systems are secure.
Food and Fashion
In this industry a CPA can work as an accountant for any reputed brand or as the cost accounting manager or as controller who closely observes budgets and controls the cost incurred by an entity.
Salary
The minimum salary that is offered to a CPA is $45000 and it can go up to $25000 and above ("Salary And Demand").
CPA Skills
The following skills are should be present in a CPA ("CPA Skills").
Communication Skills
A CPA should have good communication skills. Good listening and speaking skills enable increases the overall working efficiency and facilitates working as a team.
Leadership
Good leadership is a critical factor in the success of any organization. A CPA with good leadership qualities is essential for the overall success of any entity.
Ask a CPA
The students are willing to pursue CPA have many doubts regarding the course the course like what is the role of a CPA the prospects of the course, the minimum GPA required to pursue the course the jobs available in the market after finishing the course and other similar questions. These questions are answered by CPAs who are already in profession. The overall review about the course seems to be extremely promising and the students who are pursing this course have a bright future lying ahead with jobs offering handsome salaries.
Real life CPA
The CPA who are into profession are doing extremely well in the various types of industries. Lukas Schmid is the senior business analyst in a reputed organization. Patrick Meir works is into public accounting and works as Accounting Manger in Ulthera Inc. Mathew Los is the supervisor of Winter, Kolman, Moter & Repp. These are few examples of successful CPAs who have expressed their passion for this profession and the glorious future in this field ("Real-Life Cpas").
Pros and Cons of Community College
Community college is indeed more affordable, welcoming and fixable as compared to other universities. The professors of this college are comparatively more approachable. It is definitely more high school friendly. However, there are some cons as well. Some of the campuses do not have dorms and some of the credits are also not transferable other colleges and universities. One of the major highlights of this college is the percentage of women studying in this college which nearly accounts for 58% of the total students.
Future Me
I see myself as the President of a big accounting firm as I possess the requisite qualities of a good CPA.
References
"Salary And Demand". Start Here, Go Places., 2017, https://www.startheregoplaces.com/students/why-accounting/salary-and-demand/.
"Career Options". Start Here, Go Places., 2017, https://www.startheregoplaces.com/students/why-accounting/career-options/.
"CPA Skills". Start Here, Go Places., 2017, https://www.startheregoplaces.com/students/why-accounting/cpa-skills/.
"Real-Life Cpas". Start Here, Go Places., 2017, https://www.startheregoplaces.com/students/why-accounting/real-life-cpas/#all.
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