Goals In Accounting Essay

Goals In Accounting Essay-17
After two years Of study, I successfully completed the SSL courses and received an award for outstanding.Then finished my associates degree in Applied Science in Accounting at SST. Applied and was accepted for the undergraduate program in accounting at University of Missouri in SST. After get my bachelor’s degree, will look for a job in accounting field.Another point in the news which highlights the major role accounting plays in the world economy relates to the Fair Value principles being used for businesses.

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The obvious benefits of allowing investors to get a good view of the accounts, with elements marked at today's value may be losing out on the disadvantages of the fair value method, as is evident from the financial crisis hitting the world today. https://studentshare.org/finance-accounting/1501637-accountinggoals-and-importance-in-the-world....? The Importance of Accounting Standards to Financial Accounting First of The Importance of Accounting Standards to Financial Accounting Introduction Successful business operation depends on the effective implementation of company policies.

Along with the sub prime crisis, the news is abound with financial frauds and accounting scams ranging from the Satyam case in India to Parmalat in Italy (Byrnes). These are formulated to serve as a guideline to all members of an organization.

The accompanying clause related to margin calls worsened the case for many banks.

As such, arguments have been made to dispense with the fair market valuation method altogether.

Have a medium level professional certificate of accounting in China.

Now I wanted to do the same professional job in the U. To chase my ream, I knew that first I needed to improve my English skills.I attend an SSL (English as second language) school to build my English foundation.I studied very hard and tried to improve my English.The investors who suffer in such scams rely on the work of independent auditors who review the financial statements of these companies and their reporting methodology and report any discrepancies so the investors know they can trust these statements. It helps to sustain the smooth flow of business activities as well as a lasting good relationship among the employees, the management, the investors, and the government.When such auditing firms failed, they were liable to prosecution. Much attention is given to those who are handling the monetary transactions in an organization.Many bank analysts don't agree that marking loans to fair value is the best way to assess loan portfolios (Joseph-Bell). (“Accounting:goals and importance in the world Essay”, n.d.) Accounting:goals and importance in the world Essay.There is also the case of struggle by the accountants in trying to measure representative fair values in volatile markets. Retrieved from https://studentshare.org/finance-accounting/1501637-accountinggoals-and-importance-in-the-world (Accounting: Goals and Importance in the World Essay) Accounting: Goals and Importance in the World Essay.Different areas of the world follow different accounting standards with the US businesses following the GAAP under the FASB and many countries of the world, particularly in Europe opting for the IFRS that are moderated by the IASB (Epstein).There have been frequent cries about adopting similar standards and the FASB and IASB have even cooperated in 2002 to bring the two standards closer in conformity so as to adopt them in the US.I am an accounting manager of the company whose employees have paid vacations and many other benefits as well. I graduated from a Chinese college with an accounting major.Lye worked for many years as an accountant and accounting manager.

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