Accounting ch 1 + 2 quiz
Personality
a set of unique qualities that makes us different from all other people.
CPA
a what is an accountant who has met specific education and experience requirements and has passed a national test? is it an Accountant clerk, business manager, financial auditor, CPA
Networking
making contacts with people to share information and advice.
Acknowledgement
recognition of a favorable act or achievement.
What kinds of information makes up a person's values system?
responsibility, achievement, relationships, compassion, courage, and recognition
what is a a Certified Public Accountant (CPA)
someone who met a certain education and experience requirements passing the national average of a test.
Foundation
the base, or basis on which something is built.
values, interests, personality, skills and attitudes, and education and training acceptable
the five sources of career information
audit
the review of a company's accounting systems and financial statements to confirm that it follows generally accepted accounting principles.
responsibility, achievement, relationships, compassion, courage, and recognition
the six values most people share
lifestyle
the way a person uses your time, energy, and resources.
Resources
things that are useful to a person, sources of supply or support.
a broad range of responsibilities, making business decisions, and prepares and interprets financial reports. widely ranges of tasks, earn money either for themselves or others
what does an accountant do?
step 1 form a long term goal, find what interests you, get more information at job fairs
what is step 1 in mapping out a plan to achieve your career goals?
step 2 identify actions making a long term goal, identifying skills, education, or training needed and planning early
what is step 2 in mapping out a plan to achieve your career goals
step 3 taking action, making plans and executing those plans
what is step 3 in mapping out a plan to achieve your career goals
step 4, broadening skills, exploring different work environments
what is step 4 in mapping out a plan to achieve your career goals
step 5 looking for the long term goals, making and doing these steps to achieve a wanted career
what is step 5 in mapping out a plan to achieve your career goals?
a for-profit organization works to make the owners money whereas the non-for-profit organization works for other means rather than profits for the heads of the company.
what is the difference between a for-profit and a non-for-profit organization
an independent audit
what is the task that only a Certified Public Accountant (CPA) employed by a public accounting firm can do?
a modest pay and a possible position in the company once the internship is over
what would I expect in finding an internship
an office assistant in an accounting firm, whether I like it and be paid for it
what would expect to find in On-the-Job Training
find advice of what I like, personality test resources, and show your preferences in communicating with a guidance councilor
what would you expect from a guidance counselor
to find hard copies and what I tend to read a lot of should point me toward my interests
what would you expect from a public library?
forming résumé in internet
what would you expect from education and career information
information about careers in contacts
what would you expect from networking or shared advice
All of these library, internet, professional organizations
which of these is good for finding more information about making a good career choice: library, internet, professional organizations, all of these
Accountants are important to business and industry because they balance the budget,
why are accountants important to business and industry?
accountant
a person, who handles a broad range of responsibilities, making business decisions, and prepares and interprets financial reports.
Accountants routinely what a company's accounting systems and financial statements to make sure that they follow generally accepted accounting principles?
Audit
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the responsibilities of a government accountant?
Create budgets, examine revenue and expenses and analyze publicly funded programs. They must make sure that money collected through taxes and other forms of revenue are accounted for. Also examine all expenditures to verify
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the roles of a Government Accountant?
Create, maintain, examine, audit, and analyze the accounting records of government agencies and private businesses which are regulated by the government. They verify the proper collection and spending of taxpayer money,
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. How does interests, skills, traits match the roles and responsibilities of accountants for general ledger accountant?
Ensure the accuracy and completeness of the company's accounting records
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. How does interests, skills, traits match the roles and responsibilities of accountants for General Ledger Accountants
Ensure the accuracy and completeness of the company's accounting records.
True or false accountants mostly spend their work hours adding and subtracting numbers
False
examining your personal interests and skills, examining your values and the connection to your field, the lifestyle which you want, and the connection between your personality and your career choice
How can you set career goals that are best for you?
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the education requirements of an auditor?
Minimum of a bachelors degree in accounting or a related field. Auditors are usually CPAs and must meet education standards set forth by state boards of accountancy and the american institute of public accounting.
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the education requirements of Government Accountants?
Minimum of a bachelors degree in accounting or related field. Some become a Certified Government Financial Manager (CGFM)
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the education requirements for Management Accountant
Minimum of a bachelors degree in accounting or related field. these don't serve the public directly are not licensed, and theres no state minimum requirements for education.
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. What are the rolls of auditors?
Provide statements and budget analysis, investment planning, technology advancement, and tax avoidance strategies
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. How does interests, skills, traits match the roles and responsibilities of management accountants
Record and analyze financial information inside the organization. Their role is to serve the needs of managers running the organization.
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. How does responsibilities for General Ledger Accountant
To ensure that all business transactions have been properly accounted for, accurately recorded, and completely reflected on the company's books. Main responsibility is to analyze and maintain the general ledger for preparation of financial statements.
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the responsibilities of a management accountant
To provide cost and asset management, establishing production standards, performance evaluation, segment reporting, and planning and control.
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. what are the responsibilities of an auditor
To provide independent reports on clients' financial statements to ensure that statements follow Generally Accepted Accounting Principles (GAAP).
for-profit business
a business that operates to earn money for its owners.
public accounting firm
a business that provides a variety of accounting services including the independent audit.
Certified Public Accountant (CPA)
a licensed professional who has met certain education and experience requirements and passed a national test.
Skills
activities that a person does well
Steps for the educational requirements of accountants for CPAs?
all states require a potential CPA to pass the CPA exam to get a certificate and a license for that state, they must attend professional education based seminars, classes and conferences as a step to renewing their license
accounting clerk
an entry-level job that can vary from specializing in one part of the system to doing a wide range of tasks.
not-for-profit organization
an organization that operates for purposes other than making a profit.
Values
are the principles a person lives by and the beliefs that are important to the person.
Dynamic
energetic; exciting.
guidance councilors, contacts, libraries, Internet, and organizations
five sources of career information
As you read chapter 1 there are many different career opportunities in accounting, including those described on figure 1-2 pgs. 17-18. How does interests, skills, traits match the roles and responsibilities of accountants for CPAs?
for a Certified Public Accountant to make recommendations to companies, committees running companies, and a group of committees for experimental systems and auditing methods to figure out people who are not complying to the standards.