Professional Accounting/Business Organizations

In: Business and Management

Submitted By phillybooy
Words 418
Pages 2
Professional Accounting/Business Organizations The benefits of joining professional business or accounting organizations are numerous. Joining an organization can greatly enhance a young professional’s career. One of the main reasons of joining any organization is to network with others of similar interests. By being a part of a business or accounting organization, I can network with other professionals in my industry. Networking is essential to for me to move up the ladder in the accounting profession. Fellow organization members can also be great learning tools. Veteran members who have been in the industry for many years can use their experience to mentor or teach me new things to enhance my knowledge in my profession. Building relationships and bonds with members in organizations can lead to gaining better opportunities, businesses, occupations, and networks. A professional organization that I can join is the Association of Accountants and Finance Professionals (IMA). This organization’s goal is to provide opportunities to gain further knowledge about the industry through research, practice, teachings, meetings, forums. They also stress that professionals be ethical and use the best business procedures in management accounting and finance. They provide education programs, networking events, up to date newsletters, and information that can improve accounting/finance practices. Conferences and meetings are held every few weeks and are posted on their website. The American Accounting Association is another organization that can benefit my career. It is the leading and largest organization for accountants in the academic world. It has a reputation of having some of the best research and publications related to the accounting profession. Members of the AAA can network and cooperate with each other to research and publish informational documents. The AAA plays…...

Similar Documents

Professional Organizations

...PROFESSIONAL ORGANIZATIONS (AMSN, AADE, WOCNS) Academy of Medical-Surgical Nurses (www.amsn.org) As an RN at a surgical unit, I was given the opportunity to become a Certified Medical-Surgical Nurse. The hospital I worked with provided my colleagues and me a review class and paid for the certification exam. This is one of the professional organizations that closely represent my position. The Academy of Medical-Surgical Nurses’ mission is “to promote excellence in medical-surgical nursing.” They wanted to improve knowledge, skills and professionalism by educating and providing new materials to enhance learning. The organizations purpose is to improve patient care, advocate for the specialty of medical-surgical nurses, and being able to connect to others who has compassion and commitment. To improve patient care, they focused on their actions and voice, and provided evidenced-base practice, research and knowledge. Membership is open to everyone who is interested in the care of adults. Annual membership fee is $84.00 but students, seniors, new grads and associates can also become a member at a different fee. The benefits of being an AMSN member includes free journals and newsletters, free online continuing education, discounts on AMSN study resources, conventions, and application for scholarships, awards, and grants. Its professional culture and values of the organization is to improve patient care. AMSN could assist me with my professional development and lifelong......

Words: 1004 - Pages: 5

Challenges Faced by Accounting Professionals

...ACCT 5100 Professional Development Challenges Faced by Accounting Profession ACCT 5100 Professional Development Challenges Faced by Accounting Profession Introduction Accounting has evolved, like many other professions, over time and is playing an increasingly significant role in today’s business environment. The key accounting practices are still identify, measure and communicate the economic condition of an entity with both inside and outside stakeholders. Accounting professionals have widened their attention beyond technical skills to incorporate social implications over the past several decades. Over the past few years, the whole world witnessed the impact of modern advances in information technology, globalization, and many other factors, all of which increased the public awareness of changes in global business environment and also brought many challenges to this profession. In response to these difficulties, modern accountants must develop a broader range of knowledge and skills to better perform their financial responsibilities. This paper examines several key challenges concerning the profession: 1) independence, 2) globalization and IFRS, 3) knowledge and skills gap. Challenges faced by accounting profession Independence and objectivity Independence is not a new issue faced by accountants; however, it has been and always will be one of the biggest challenges faced by this profession. Accounting to the......

Words: 2914 - Pages: 12

Professional Organizations

...Professional Organizations-Software Engineering Graduating with a degree in Information Technology poses new and interesting challenges. A new career opportunity in a challenging and rewarding field is most often the focus of a student during school and becomes the main objective upon graduation. In reality, a college degree means one thing; that the graduate met the requirements and has learned the fundamentals. It is not unusual for a graduate holding a degree in software engineering to obtain a professional position that requires him or her to perform duties which include other aspects of information technology such as project management, systems administration, or security administration; therefore, it is inevitable that an individual will face situations where he or she must seek knowledge or advice from other professionals with expertise in another specialty (Willson, 2010)). Professional associations, organizations, and societies are non-profit organizations that seek to promote the advancement and interest of a particular profession or field of study; therefore, would be a logical resource for sound advice and knowledge for any professional who is passionate about their chosen profession (Willson, 2010). For example, a professional Software Engineer may wish to consider membership an organization that is specific to Software Engineering. The Institute of Electrical and Electronics Engineers (IEEE) is a non-profit organization that develops, defines, and......

Words: 402 - Pages: 2

Business Organization

...Business Organization A joint-stock company is a partnership or corporation between two parties. An electronic company has stocks that are issued to each party in the company in return for each contribution. The shareholders are allowed to transfer or sell their investment at any point in time by selling their stock to another party. A limited liability Company is when the investors are only limited liable in case the business or the investors that were invested in go bankrupt. Creditors can only take what each investor has initially invested. If Joe invested into a company and the company went bankrupt after five years, because the company was an LLC, the creditors can only take what Joe has initially invested into the company. A partnership is when a group of professionals come together with their ideas to create one company. The people who own this type of company are the ones who are both the owners and the stockholders for the company. Each member owns a percentage of the company. If Jon, Jane and Mike open up an antique store, each party would own an equal percentage such as 33.3% of the company. Jon would be in charge of accounting, Jane would be in charge of supplies, and Mike would be in charge of marketing. A sole proprietorship is when it is a business owned by only one person. The person would be in charge of everything and is the only one reliable for the businesses ups and downs. If Matt was a dentist and wanted to open his own local dental business, he......

Words: 297 - Pages: 2

Professional Accounting in the Public Interest

...Chapter Four Professional Accounting in the Public Interest, Post-Enron Purpose of the Chapter When the Enron, Arthur Andersen, and WorldCom debacles triggered the Sarbanes-Oxley Act of 2002 (SOX), a new era of stakeholder expectations was crystallized for the business world and particularly for the professional accountants that serve in it. The drift away from the professional accountant’s role as a fiduciary to that of a businessperson was called into question and reversed. The principles that the new expectations spawned and renewed resulted in changes in how the professional accountants are to behave, what services are to be offered, and what performance standards are to be met. These standards have been embedded in a new governance structure and in guidance mechanisms, which have domestic and international components. The influence of the International Accounting Standards Board (IASB) and the International Federation of Accountants (IFAC) will be as important as that of SOX in the long run. This chapter examines each of these developments and provides insights into important areas of current and future practice. Building upon the understanding of the new stakeholder accountability framework facing clients and employers developed in earlier chapters, this chapter explores public expectations for the role of the professional accountant and the principles that should be observed in discharging that role. This leads to consideration of the implications for services to......

Words: 62999 - Pages: 252

Breach of Professional Accounting Ethics

...A Breach of Professional Accounting Ethics Kira Welcome Professor Dr. Jacob Angima Financial Accounting ACC 557 October 30, 2012 A Breach of Professional Accounting Ethics Based on the corporate ethical breaches in recent times I believe that the current businesses and regulatory environment is more conducive to ethical behavior due to the workplace. In the workplace ethics develops an atmosphere of respect and tolerance for everyone, by striving to conduct business in a manner that is beneficial to owners, employees and customers. It is very important to have trust and honesty between management, the employees, its co-workers, and between the business and its customers. When ethical lapses of trust becomes rampant, employee productivity declines, loyalty follows, and soon major breaches such as employee theft begin to appear (Calle, 2009). It is said that “Ethical integrity involves reporting others acting in dangerous or illegal way. The term whistleblowers are people who choose to expose wrongdoings, usually at the expense of their careers (Capozzi, 2008).” Ronald Jeurissen, author of “Ethics and Business,” says that whistle-blowing has moral considerations. For instance, the person should be sure the negative consequences to the company of such exposure do not outweigh the benefit to the public. When professional accounting ethics are breached accountants may expect to lose their job, or may even end up spending time in jail depending on the crime. As part of......

Words: 1440 - Pages: 6

Role of Managerial Accounting and the Management Accountant in a Business or Organization

...Definition of managerial accounting -- The process of preparing management reports and accounts that provide accurate and timely financial and statistical information required by managers to make day-to-day and short-term decisions. Unlike financial accounting, which produces annual reports mainly for external stakeholders, management accounting generates monthly or weekly reports for an organization's internal audiences such as department managers and the chief executive officer. These reports typically show the amount of available cash, sales revenue generated, amount of orders in hand, state of accounts payable and accounts receivable, outstanding debts, raw material and inventory, and may also include trend charts, variance analysis, and other statistics. Also called managerial accounting. Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist manage- ment in the formulation and implemen- tation of an organization’s strategy. Management accounting’s essential compo- nent is the formulation and implementation of strategy to help an organization succeed. Role of managerial accounting and the management accountant in a business or organization --- Managerial accountants record financial information for their companies that is used by the organization’s management team to aid in the decision-making......

Words: 534 - Pages: 3

Nursing Professional Organization

...A Nursing Professional Organization The National Association of Hispanic Nursing Name College Abstract This research paper is on The Nurse Association of Hispanic Nurses (NAHN). I will explain the primary mission of this organization and it’s contributing factor and benefits to nursing. The impact of the organization on the community, the political stand point and supportive issues it has on nursing, the resources it provides on the web and to health professionals and the public, the choices for scholarship and continuing education, if any local chapters are located in the community and participation is allowed, my consideration of joining this organization, and advantages and disadvantages of participating in this nursing organization. A Nursing Professional Organization The Nursing Association of Hispanic Nurses (NAHN) is a non-profit nursing organization that was founded in 1975 to address the needs of the Hispanic nurses. Its mission is “committed to advancing the health in Hispanic communities and to lead, promote and advocate the educational, professional, and leadership opportunities for Hispanic nurses”. (National Association of Hispanic Nursing, 2013) The NAHN focus is on improving the health and quality nursing services of the Hispanic community. This organization contributes to the practice of nursing and the community by providing an opportunity to the nurses to incorporate in the analysis and evaluation of the community needs. They design and......

Words: 815 - Pages: 4

How Do Managerial Accounting Practices Benefit Business Organization?

...1.0 Managerial Accounting Managerial accounting is a field of accounting that provides economic and financial information for managers and other internal users (Weygandt, Kimmel & Kieso, 2012). Managerial accounting is an important internal business function. Many companies use managerial accounting to record and report their internal financial information. There are differences between financial accounting and managerial accounting. Financial accounting focuses on preparing financial reports and releasing information to the public while managerial accounting focuses on preparing financial information for internal review and decision making. Managerial accounting offers several important tools for measuring the company operational performance. Common types of managerial accounting include job costing, process costing, activity-based costing and also budgeting. 2.0 Benefits of Managerial Accounting Practices Towards Business Organization Create Competitive Advantage Management accounting can help businesses create a competitive advantage. Many business owners focus on creating consumer goods with lowest-priced and highest-quality product in the market. The ability to review financial information through managerial accounting is important in creating a financial competitive advantage. In 2010, Maxis Berhad wins excellence award in management accounting from the national award for management accounting (NAfMA). One of the winning criteria is the company ability to......

Words: 610 - Pages: 3

Professional Organizations

... Professional Organizations Scott Johnson BSA/310 November 17, 2014 Joseph Duer Professional Organizations There are many different organizations around the world that Information Technology professionals can join to enhance their knowledge. These can include anything from websites where you can learn the newest equipment or standards, to smaller organizations that meet regularly around your city. I feel every IT professional should seek out and join these organizations, not just for a chance to boost their career, but to participate and help guide those that came after them, and will be taking up the next line. Almost every city has its own IT community. This is a great place to learn what is happening around your area, as well as to network and help your career. I belong to a Kansas City Web Professional group that meets once a month for a few hours at Centriq. This group has a different topic every month, and has speakers come up to explain, or take questions on any particular area. It’s great place to discuss the newest trends, as well as any new standards and how to best implement them. If there are questions about specific areas, such as website security, or handling credit card information, there is always someone there who’s gone through it and willing to help. One organization that I feel is a great community to be a part of is Computer Professionals for Social Responsibility (CPSR). This group advices politicians and the public with assessments on the state...

Words: 849 - Pages: 4

Accounting Organizations

...Professional Accounting and Financial Organizations Networking is a key activity that is not only fun, but also critical for your personal growth and career path. Business people are all about networking, building relationships and taking action. There are many professional organizations that can help students develop these important relationships and recive many great benefits. CalCPA is a professional organization for accountants that undergraduate students can join for free. This organization offers many resources for students and they are all intended to help launch a CPA career. For example, CalCPA classifieds is a service where employees seek for students for part-time and full time jobs. This organization also helps students and recent graduates to became a CPA. It provides a step by step guide for the CPA exam requirements and it also helps students to find discounts for CPA reviews. My favorite CalCPA resource is the networking events. These events are free of charge for students that are members and it is a great opportunity to meet not only other students, but also many professional who are willing to talk to students about their careers. ALPFA is also a great organization for accounting professional and students. This organization is focused on helping Latinos students emerging in a CPA career. Even though the function of this organization is to help the Latino community everyone is welcome. The membership for this organization is free for students and......

Words: 500 - Pages: 2

Accounting Role in Organization

...CHAPTER 1 THE ACCOUNTANT’S ROLE IN THE ORGANIZATION See the front matter of this Solutions Manual for suggestions regarding your choices of assignment material for each chapter. 1-1 Management accounting measures, analyzes and reports financial and nonfinancial information that helps managers make decisions to fulfill the goals of an organization. It focuses on internal reporting and is not restricted by generally accepted accounting principles (GAAP). Financial accounting focuses on reporting to external parties such as investors, government agencies, and banks. It measures and records business transactions and provides financial statements that are based on generally accepted accounting principles (GAAP). Other differences include (1) management accounting emphasizes the future (not the past), and (2) management accounting influences the behavior of managers and other employees (rather than primarily reporting economic events). 1-2 Financial accounting is constrained by generally accepted accounting principles. Management accounting is not restricted to these principles. The result is that • management accounting allows managers to charge interest on owners’ capital to help judge a division’s performance, even though such a charge is not allowed under GAAP, • management accounting can include assets or liabilities (such as “brand names” developed internally) not recognized under GAAP, and • management accounting can use asset or liability......

Words: 4797 - Pages: 20

Acc 225 Week 1 Exercise Accounting and Business Organizations

...ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us at: nerdypupil@gmail.com ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS Exercises: Accounting and Business Organizations • Resource: Fundamental Accounting Principles, p. 30 • Due Date: Day 5 • Post your answers to Exercises 11 and 14. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 225 Week 1 Exercise Accounting and Business Organizations in order to ace their studies. ACC 225 WEEK 1 EXERCISE ACCOUNTING AND BUSINESS ORGANIZATIONS To purchase this visit here: http://www.nerdypupil.com/product/acc-225-week-1-exercise-accounting-and-business-organizations/ Contact us......

Words: 481 - Pages: 2

Professional Nursing Organization

...Explain the value that professional nursing organizations have in networking and in the legislative process. Provide a rationale for your response. According to Merton, a professional organization is an organization of practitioners who judge one another as professionally competent and who have banded together to perform social functions which they cannot perform in their separate capacity as individual. The America Nurses Association is a national professional organization representing the nation’s entire registered nurse population. ANA is designed to elevate the standard of nursing education, establish a code of ethics and promote the interest of nursing. Therefore, the three foundational documents, formulated by her members and staff, known as the Code of Ethics for Nurses with interpretative Statements (2001), the social policy statement: Essence of the profession (2010a), and Nursing: Scope and Standard of practice (2010b) help distinguish and support nursing as a profession. Membership in a professional association provides many benefits. You being part of a professional association encourages companionship and professional networking; your contact with your fellow nurses, and not just the ones who you already see every day, will open a world of opportunity. Through in-person meetings as well as online social networking venues provided by an association, you can connect with other nurses who work in similar positions and learn how they do things, and you can......

Words: 434 - Pages: 2

The Effects of Technology on Accounting Professionals

...few laudry services pick up laudery at homes, and has a self service laudery mat, notes that the industry has great potential for a profitable growing business which can expand and diversify the services. .Although this service is innovative , Lynn’s Clean & Press has to consider the fact that there will be competition ,business imitators and rivals that will try to gain the customers market share in future. As more completion increases Lynn’s Clean & Press has to further innovate and distinguish/differentiate its services from the competitors so we will need to develop a strategy that set us apart. By providing a cost effective walk-in laundry service that is clean, fully equipped and monitored will provide blue collar workers long term value for consumers and the organization. To enhance the service availability daily proactive maintance will be part of the operations effectiveness Laundery matt. In addition, weekly early bird discounts will offered in promoting and advertising this service. Customers will get the extra benefits for registering and purchasing laundery plans that meet their needs as well as keeping the facility open and secure 24/7 access without interruption. Lynn’s Clean & Press maintains its competitive edge through maintain supplies in bulk from wholesalers and reducing accounting by using online services for all the cleaning needs. The Diffirentiator for Lynn’s Clean & Press would be that by using a web base order......

Words: 490 - Pages: 2

第47集 | Download Now | 365 Sex Thrills Positions, Tricks and Techniques for an Erotic Year