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Accounting Profession Reflection 1B Q1

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Added on  2020-04-21

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Apart from all this, being an accountant and having specialised knowledge of accounts, one can also opt for teaching profession that is teaching accounts to college students as an accounting professor (Bebbington, et al. My contribution to the community, as an accountant will be providing them the correct and accurate information related to the financial position and performance of the company so that users of this data can make appropriate decisions regarding the company. I have learnt from the unit that having leadership quality is also a part of

Accounting Profession Reflection 1B Q1

   Added on 2020-04-21

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Running Head: ACCOUNTING PROFESSIONAccounting professionReflection 1B
Accounting Profession Reflection 1B Q1_1
Accounting Profession 1Q1.After studying the unit, one thing that comes to my mind whenever I think of accounting profession is that it play a vital role in the success of any organisation. Now a days accountants have become a very important factor in maintaining the overall performance of the business. Having accounting knowledge will open a lot of job opportunities for the students. The profession includes making of final accounts, ledgers, journals and trial balance. It also comprises of converting the business data into a useful information for the creditors, investors, management and others. Apart from all this, being an accountant and having specialised knowledge of accounts, one can also opt for teaching profession that is teaching accounts to college students as an accounting professor (Bebbington, et al. 2014).Q2.Now, not only one or two contextual factors affect the accounting profession, but a varietyof factors can affect it and that are economy, accounting regulations, development of technology, politics, globalization trend, ethics followed by accountants and the market forces such as demand and supply. There are several factors in internal and external environment which also affects the profession. The Australian accounting companies should flow the standards set by AASB, ASIC and IFRS. It will help in maintaining the uniformity in recording and presenting the financial statements (AICPA, 2017).Q3.As an accountant, I look forward to interact with the top management to provide them the information about the true financial position of the company. It includes directors and senior managers. Also I would like to communicate with the auditors, fellow employees, officers who works in legal department, investors and creditors to give them the information about theevaluated financial data. Expectations in regard with interacting people has not changed
Accounting Profession Reflection 1B Q1_2

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