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The purpose of this assignment is to get a picture of the various roles managers play and the skills required to perform effectively in an accounting role.
You should choose to interview someone who has been in the accounting field for at least 2 years, employed full time. Please use the questions below, but feel free to add your own. Ask frequently for examples which illustrate the interviewee's experience. When an interviewee tells you an interesting story, make sure to ask further questions so you understand how this experience is related to their work and their skills.
Take notes during the interview and then summarize what you learned. Do not provide a verbatim account of the interview! Rather describe what you learned about he accounting field, the skills needed to be successful, what challenges they face, etc. Start the interview by having the individual describe their organization, their specific role and their background briefly. Then use these questions to follow up:1. Describe a typical day at work.2. What are the critical skills needed to be successful in your line of work?3. Name one recent change you had to deal with at work and describe how you managed that change.4. What do you like best about your work in the field of accounting? Like the least?5. What would you like to learn more about that would help you to continue to improve in your job?6. What one piece of "advice" would you give to someone considering a career in accounting?
Your father runs a small auto body shop. He has decided to computerize his records and has asked you to explain the basics of accounting to him so that he can enter the data into his accounting software.
Illustrate the effect on the account and financial statements of paying and recording the March 17th payroll. Determine the following amounts of the employer payroll taxes related to the March 17th payroll: a) FICA tax payable b)state unemployment t..
What type of fraudulent activity could this have been and what type of testing could have been included in the audit to discover it? What can auditors do to verify inventory levels and that no fraudulent activity is occurring between annual inven..
Summarize your ideas about internal controls. An introduction to internal controls, explaining in your own words the two primary goals of internal control. A description of how the Sarbanes-Oxley Act of 2002 has affected internal controls
Design at least two tables that could be used in a database for the hosting of information of your selected accounting cycle revenue cycle.
The total of the individual customer account balances should equal the balance in accounts receivable, which is the
Warren Co. recorded a right-of-use asset of $900,000 in 8-year lease under which no profit was recorded at commencement by lessor-The balance in right-of-use asset after 2 years will be:
On May 31, 2010, James Logan Company had a cash balance per books of $8,205.62. The bank statement from Farmers State Bank on that date showed a balance of $7,749.57. A comparison of the statement with the cash account revealed the following facts..
A television network decides to cancel one of its shows if it is convinced that less than 14% of the viewing public are watching this show.
Consider the solving of applied interest problems that you read about this week. Now, apply your knowledge of these models to a practical problem.
Assume you're bearish on Stock Y and decide to sell short 100 shares at the current market price of $30 per share. You earn no interest on the funds in your margin account and the cost of borrowing shares is 0.25%.
Should intangible assets always be amortized over their legal lives? Explain. What are the basic issues related to accounting for intangible assets?
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