Financial statements and recording business transactions

Assignment Help Accounting Basics
Reference no: EM13765123

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.

Use the Internet or the Strayer Online database to research career options within the accounting field and accounting job postings in your local area to respond to the questions in the assignment.

Write a one to two (1-2) page paper in which you:

  1. Describe at least two (2) career options someone with an accounting education can pursue.  Be sure to reference sources such as the Bureau of Labor Statistics and the American Institute of Certified Public Accountants.
  2. Describe one (1) researched accounting position, and explain the essential skills that would make a candidate successful in the position. Articulate the primary manner in which the researched accounting positions could add value to the company seeking candidates.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.
  • Include a cover page containing the title of the assignment. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.
  • Use technology and information resources to research issues in financial accounting.
  • Write clearly and concisely about financial accounting using proper writing mechanics.

Reference no: EM13765123

Questions Cloud

Relationship between ethics and professional behavior : Write a 1,400- to 1,750-word paper in which you analyze the relationship between ethics and professional behavior in the administration of criminal justice
Contrast the policing function at the local level : Write a 1,400- to 1,750-word paper in which you identify, compare, and contrast the policing function at the local, state, and federal organizational levels
What is the necessary billing efficiency : A small consulting engineering company bought an office building for $910,000. The company has eleven engineers and eight support staff. Monthly expenses for for salaries, utilities, grounds maintenance, etc., are $108,000. Use an average billing rat..
Write a book review on the book the life of pi : Write a Book review on the book THE LIFE OF Pi.
Financial statements and recording business transactions : Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions.
Compose a list of five flaws that wilson might identify : Compose a list of five flaws that Wilson might identify, based on his perception of a so-called "good" public administration.
Purposes for having employee orientations : How much, as a future HR person (if you plan to be one), would you want to be involved in your employees' career development?
Pros-cons of using the current vs target capital structure : How might a firm’s cost of capital change if they moved to a more ideal capital structure (i.e., determine the weighted average cost of capital at the target capital structure)? Briefly compare and contrast the pros/cons of using the current vs targe..
What is the company cost of capital : A company is 36% financed by risk-free debt. The interest rate is 9%, the expected market risk premium is 7%, and the beta of the company’s common stock is 0.63. What is the company cost of capital? What is the after-tax WACC, assuming that the compa..

Reviews

Write a Review

Accounting Basics Questions & Answers

  The machine will provide cost savings of 15000 per year

the machine will provide cost savings of 15000 per year for the next four years. if the companys required rate of

  Mitchell decides to continue using departmental overhead

mitchell decides to continue using departmental overhead rates. if a job spends 4 hours in assembly and 3 hours in

  From the first e-activity the article indicates

from the first e-activity the article indicates approximately 90 of the companies in the study were sensitive to the

  Aaron and kim form a partnership by combining the assets of

aaron and kim form a partnership by combining the assets of their separate businesses. aaron contributes accounts

  Which one of the following will increase the operating cycle

Which one of the following will increase the operating cycle?

  Evaluate the responses to the proposed changes by profession

Evaluate the responses to the proposed changes by professional accounting bodies and business professionals in New Zealand.

  Stronger satellites accepted a five-month 7 interest rate

stronger satellites accepted a five-month 7 interest rate 6000 note from one of its customers on june 1 2008. the

  A corporate shareholder generally will preferpartial

a corporate shareholder generally will prefer sale treatment for a nonliquidating stock redemption dividend treatment

  In august 2011 netflix announced significant changes to its

in august 2011 netflix announced significant changes to its pricing plans. the new plans separate dvd-only

  Computing earnings per share-high and dry boat company

The High and Dry Boat Company has $120,000 of 15% bonds outstanding along with 2,000 shares of $2.50 (dividend) preferred stock and 3,000 shares of common stock.

  Sammy put away 10 of his 75000 per year salary for the 45

sammy put away 10 of his 75000 per year salary for the 45 years he is working into 401k and ira savings plans and

  Which gaap requires the use of depreciation for assets that

1. which gaap requires the use of depreciation for assets that have useful lives beyond 1 year? explain why this

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd