Accounting/CPA

Accounting/CPA

Introduction

In today's highly competitive and rapidly developing business world, each and every professional has to be highly competitive and talented. One of the most significant fields is accounting or finance that plays an important role in business world. This field involves various important business activities including recording of transactions, auditing, setting and meeting accounting standards, analysis and reporting of financial data on monthly; quarterly; or yearly basis. All such accounting and financial activities hold immense importance for businesses, as they facilitate in developing a well organized and successful business (Rahim, 2011). Thus, this field plays a significant role in the society and thereby focused by all the business professionals. In addition, there is no company that operates without having a department of accounting, as it helps in evaluating and assessing the growth of an organization while predicting its future. This research paper is focused on accounting/CPA and provides enhanced knowledge regarding these significant fields of the business world.

Thesis Statement

Accounting/Certified Public Accountant (CPA) profession has a considerable significance in today's business world.

Discussion

The profession of accounting or specifically Certified Public Accountant is highly integrated and holds importance in a business context, not only nationally but internationally. This profession involves the responsibility of great deal of tasks with the business, which also includes global business activities. With high rewards come high responsibilities, CPA involves high responsibilities and thereby offers great rewards as well year (Wiley, 2012). However, in order to qualify for this position, it is essential to pass an exam conducted for CPAs that is held by the American Institute of Chartered Public Accountants (AICPA).

The exam entitles CPAs to access the certificate from state in order to practice accounting (Wiley, 2012). Furthermore, for becoming a CPA, a person has to complete 5 years of education as well as some kind of work related experience relevant to the field. In addition, after CPAs receive certification, they have to fulfill the requirement of completing certain number of hours of consistent education every year (Wiley, 2012). Thus, this profession needs people to be highly professional and educated within their field, and all of this makes them able to become well aware of aware of their organizational issues and respected solutions with respect to their field.

The demand for CPA professionals is high in the market, as these professionals' helps organizations in various accounting tasks such as internal or external auditing, tax preparation, financial planning, and several other areas. So, CPAs facilitates organizations in managing their accounting systems actively and efficiently. CPAs are highly able to develop, evaluate, and interpret the financial data that provides them the ability to clearly understand the financial position and performance of the firm, thus knowing where the business currently stands and how it will perform in future (Becker, 2013). Hence, CPAs are highly talented accounting professionals and they are highly in demand in the market.

Chartered Public Accountants are well positioned and get reputable jobs in the business world. The most significant task their job includes is to ...