Accounting Web Quest

1.
The 3 professional accounting designations are:
Chartered accountant (CA)
Certified general accountant (CGA)
Certified management accountant (CMA)
2.

They provide CGAs and students with the technical abilities and skills they need to succeed in today’s ever-changing global economy.

The freedom to obtain experience in a variety of accounting and financial-management positions is a major advantage of CGA Ontario’s program of professional studies.

Financial Accounting Fundamentals (FA1)
Financial Accounting: Assets (FA2)
Financial Accounting: Liabilities & Equities (FA3)
Financial Accounting: Consolidations & Advanced Issues (FA4)
Advanced Personal & Corporate Taxation (TX2)
4 Courses are required in total
3.
a)
The CMA training gives the skills to become a business leader. It also makes the decisions that make business work.

CMA is a professional accounting designation. A Certified Management Accountant is a business professional with skills in accounting, strategy and management. A CMA uses these skills to analyze business, develop strategy, and manage the best course of action.

-Be a business leader
-Be in the action
-Be in demand
-Be successful iii) -Finish taking high school math and english courses
-Attend one of the universities that provide required courses for CMA
-Complete an entrance exam
-Gain work experience
-Join a strategic leadership program
-Become a CMA iv) -CMAs putting their strategic accounting no matter what happens to the management
-CMAs achieve positions where they make things happen
-CMAs support one another to find the right person for the right position
c)

A CMA works directly for a company, recording and reporting transactions for internal review by business owners and managers.

Financial Analyst: They are in charge of general analysis of finance reports obtained from various departments such as sales, marketing, purchase, production, communication, etc.
They do their work by preparing reports on their research and making important suggestions on investments for companies as well as individuals. It’s also in their best interest to keep a tab on the latest trends and techniques in the field of financial analysis. iii) Brock University
Bachelor of Accounting (Co-op available)*
Bachelor of Business Administration(Co-op available)

University of Guelph
Bachelor of Commerce
- Accounting
- Management Economics and Finance (Co-op available)

McMaster University
Bachelor of Commerce* (Co-op available)

Redeemer University College
Business (Accounting Stream)

University of Waterloo
Bachelor of Accounting and Financial Management (BAFM)* (Management Accounting Stream) (Co-op)
Honours Mathematics/Chartered Accountancy (Co-op)

The University of Western Ontario
Bachelor of Management and Organizational Studies (BMOS)*
HBA, Ivey School of Business* iv) There are “Twenty two thousands” in Ontario and “Forty seven thousands” nationally.
v)
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CMAs make over $100,000 a year on average.

|Name of CA |Company this CA represents |2-3 bullet points about how the CA |
| | |designation (or accounting in general) is |
| | |part of his/her job |
|Eric Sprott |Charimen spott inc. |-Investment |
| | |-Runs Assets |
| | |-Predicting Crashes |
|Ian Clarke,FCA |Business development, Maple Leaf Sports |-Tax Work |
| |and Etertainment Ltd. |-Leading Younger accountants |
| | |-Running company volunteer work |
|Wendy Chau, CA |Campus Recruting leader, Ernst and Young |-Meeting Students |
| | |-recruiting |
| | |-judging people |
|Ellis Jacod, FCA |President and chef executive officer, |-Leading Younger people/ workers |
| |Ceniplex Entertainment Lp |-Head of accounting |
| | |-Makes important decisions for business |
|Neal Mizahi, CA |Managing Director, FTI Consulting |-Solves complex financial problems |
| | |-Works with other people |
| | |-Travels all over the world |

The article talks about being an accountant is an attractive job. It’s high-paying and high-demand that would be beneficial to each individual. It says that the accountant are necessary at any level and the demand for them would increase. We agree with this because accounting is one of the most significant part of a business because accountants get involved in the finance that refers to the crucial for operating a business.

-Go to school and get a 4-year, 120 credit-hour university degree
-Gain work experience at a CA training office or with a public accounting firm
-Complete the ICAO professional program
-Pass the uniform evaluation
-Become a CA
2.
51 credit hours are required
3.
A 4-year, 120 credit-hour university degree that is an Institute accredited program/stream or offers most all of the “51-credit-hour requirements” are the minimum grade requirements.
4.
University of Waterloo
Wilfrid Laurier University
University of Toronto St. George
University of Toronto Mississauga
Brock University
5.
About 40 percent of CAs are in public practice while the other 60 percent are employed in industry, government, or education
6.
Over 36,000 CAs are in Ontario
7.
Over 90%
8.
Approximately $3,000 monthly.

Personal Analysis:
Clark:
Since the chartered accountants are leaders in business, it gains most of my interests. The CA designation is the standard for accounting excellence that plays an important role in business. The CAs focus on not only making the financial statements, but also the strategists, advisors, and rule-makers. They provide the insight and direction companies need to stay on top. Also, no other designation opens as many doors as the CA that provides me the freedom to explore a wide range of career opportunities in the field of commerce. Furthermore, the CA designation will make a strong statement about the value of personal abilities and ideas and therefore I have my most interests on the CAs.

Wajih:
I believe that the best destination for me as an accountant would be CA. I believe this to be the cases as CAs are usually the highest level of accounting in a business. The CAs are capable in their tasks and entrusted with leading a business and giving calculated financial advice to a business. They are insightful and trustworthy, and can be responsible for the success or failure of a business. The career is in itself very well regarded and respected. For these reasons I believe that this destination would be very interesting for me.