Formal Report
| Formal report | Professional Writing | | Maria | 10/20/2012 |
|
TABLE OF CONTENTS
Introduction 1
Purpose, Scope and limitations 1 Application for all job specialties 1 Interpretation of results 2 Historical Prespective 2
Sources and methods 2 Chron-small business 3 American institute of cpa’s 3 The New York times 3 Accountant key 4 Washington consultants 4 Accountants next door 4 Wanted Analytics 5
Report organization 5
Formal Report
Accounting is the language of business. It is the system of recording, summarizing, and analyzing an economic entity 's financial transactions. Effectively communicating this information is key to the success of every business. Those who rely on financial information include internal users, such as a company 's managers and employees, and external users, such as banks, investors, governmental agencies, financial analysts, and labor unions. Accountants must present an organization 's financial information in clear, concise reports that help make questions like these easy to answer. Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance. Careers in accounting and finance are associated with very high salaries. A recent National Institute study identified accounting as the most lucrative of all degree courses in terms of graduates’ lifetime earning capacity
When it comes to choosing a major you want to pursue, it is important that you pick a major that you will enjoy working in for the some part of your life. How does one make that decision? There are
|
TABLE OF CONTENTS
Introduction 1
Purpose, Scope and limitations 1 Application for all job specialties 1 Interpretation of results 2 Historical Prespective 2
Sources and methods 2 Chron-small business 3 American institute of cpa’s 3 The New York times 3 Accountant key 4 Washington consultants 4 Accountants next door 4 Wanted Analytics 5
Report organization 5
Formal Report
Accounting is the language of business. It is the system of recording, summarizing, and analyzing an economic entity 's financial transactions. Effectively communicating this information is key to the success of every business. Those who rely on financial information include internal users, such as a company 's managers and employees, and external users, such as banks, investors, governmental agencies, financial analysts, and labor unions. Accountants must present an organization 's financial information in clear, concise reports that help make questions like these easy to answer. Finance is the study of how investors allocate their assets over time under conditions of certainty and uncertainty. A key point in finance, which affects decisions, is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: public finance, corporate finance and personal finance. Careers in accounting and finance are associated with very high salaries. A recent National Institute study identified accounting as the most lucrative of all degree courses in terms of graduates’ lifetime earning capacity
When it comes to choosing a major you want to pursue, it is important that you pick a major that you will enjoy working in for the some part of your life. How does one make that decision? There are
Cited: 1) Accountants Next Door (2011). Importance of Accounting. [ONLINE] Available at: http://www.accountantnextdoor.com/importance-of-accounting-accountancy/. [Last Accessed 10/15/12]. 2) Washington Consultants (2010). Three reasons why accounting is important. [ONLINE] Available at: http://washingtonconsultants.blogspot.com/2009/06/3-reasons-why-accounting-is-important.html. [Last Accessed 10/14/12]. 3) Floyd Norris (2012). Accounting BackFired at MF Global. [ONLINE] Available at: http://www.nytimes.com/2012/06/08/business/mf-global-case-exposes-weakness-in-accounting-rules.html?ref=accountingandaccountants&_r=0. [Last Accessed 10/14/12]. 4) David Ingram (2011). Step by Step Accounting. [ONLINE] Available at: http://smallbusiness.chron.com/step-by-step-accounting-small-business-4905.html. [Last Accessed 10/13/12]. 5) AICPA (2012). Accounting Education. [ONLINE] Available at: http://www.aicpa.org/_catalogs/masterpage/Search.aspx?S=&L=4294965113:4294965103||1. [Last Accessed 10/15/12]. 6) An Ethical Accountant (2012). Your Bright Financial Career. [ONLINE] Available at: http://www.accountantkey.com/. [Last Accessed 10/15/12]. 7) Analytics (2012). Job Trends. [ONLINE] Available at: http://www.wantedanalytics.com/insight/channel/occupations/accountingfinance/. [Last Accessed 10/14/12].