Saturday, May 23, 2020

How Communication Is Essential For Accountants - 885 Words

Communication is very essential for accountants whether in public practice or providing service in industry because to get done what you want should be properly and effectively communicated and what you want to report should also be effective, simple and clear and getable to whom you are addressing. In an organization and it helps the organization to take to the greater heights. So it is very important that, an effective communication is something matter of discussion. All the great accountants in the history were very good in communications and accordingly certain steps are required in order to make the communication effective. So a good accountnt is of not any use without a good communicator. Following are the five of the aspects of better communication, which are explained below: (a) To view and consider Things on Personal Note: In terms of communication, it is very essential that the accountant takes the things on personal note and communicate in a way as it is his from the personal point of view. It may be noted that, when the accountant takes things personally, then the impact of communication of the same would be effective. An accountant should not stay arms length in the matter of communication which will put the things into dark and there has to be development of meaningful relationships with the stakeholders for effective communication. Monitoring processes after the communication need to be implemented and there has to follow up understand the process. (b) ToShow MoreRelatedWriting Of The Discipline Of Accounting1627 Words   |  7 PagesCollege Abstract This research focuses on the career of accountants in order to find some of the types of writing done in their field. It is also to help me better understand what accountants do and what types of writing are required as this is a career in which I am pursuing a degree. The methods used to gather information for this research were from primary resources: one email interview, also shadowing an accountant in order to experience what it feels like actually doing some of theRead MoreAn analysis of skills and knowledge required to undertake degree studies in accounting and finance and follow a future career path in financial accounting1225 Words   |  5 Pagessucceed in this area, as it will be essential to help the students in achieving their set goals. This essay identifies the skills that will be needed, so this essay will focus on accounting and finance and the essential skills needed as well as the ways in which these skills can be developed or improved. The skills required to be a successful accountant are organisation, time management, adaptability, communication, openness and leadership. (Topan, 2014) Accountants should be experts with organisation;Read MoreEssay on A Career in Forensic Accounting947 Words   |  4 Pagesto further review and research. This paper will define forensic accounting, describe what it takes to be a forensic accountant, give some statistics about forensic accounting, and give my feedback on this potential career path. Forensic accounting is the use of investigative and analytical skills for the purpose of resolving financial issues in a court of law. Forensic accountants need skills in accounting, auditing, finance, quantitative methods, certain areas of laws, research and investigativeRead MoreForensic Accounting : A Relatively New Field1554 Words   |  7 Pagesof forensic accountants to conduct a thorough analysis of the financial support structure of the 9/11 hijackers and develop ways to prevent a future event (Dryer). Money laundering is also estimated to have grown 9% in the past year (Wheeler). Thus forensic accounting has become an increasingly viable profession and is essential to the security and wellbeing of the nation. â€Å"Money laundering is estimated to have grown 9% in the past year† Needs of a Terrorist To fully understand how forensic accountingRead MoreRisks And Risk Assessment Model1598 Words   |  7 Pagesprogressively essential to bring about any firm to be more successful. Risk assessment model provides a mechanism for classifying which one of the risks serves as the opportunity or potential danger. Allen and Derr (2015, p.13) pointed out the great risk assessment is fixed in the business’s defined risk appetite and tolerance and provide a principal for determining risk response. The risk assessment process, implemented through the whole of business, permits management accountants to identify particularRead MoreMaking A Certified Public Accountant Essay1529 Words   |  7 Pageshas to offer. Accountants have many different jobs that they can do. Information to become a Certified Public Accountant will be given in this report. The process through college to get a degree in accounting can be a little overwhelming due to the variety of jobs accounting has to offer. Accounting majors have many directions they can chose, such as working for a public or private accounting firm, focusing on auditing or taking that next step to become a Certified Public Accountant. BACKGROUND:Read MoreEthical Codes For Professional Accountants1470 Words   |  6 PagesHaving competent professional accountants are invaluable assets to the company because they are able to adopt a pragmatic and objective approach to solve issues. Accountancy professionals assist business executives with corporate strategies, provide advice with product cost, improve mitigate risks of the company. Public accountants not only serve the interest of the company but also have the duty to the general public. Therefore, they have a key role in helping organizations to act ethically. EthicalRead MoreCode Of Ethics And The Laws Of The Accounting Profession Essay1482 Words   |  6 PagesCritically reflect on the arguments as to why a code of ethics is essential to support the regulation of the accounting profession in New Zealand. Introduction Code of Ethics display the ideal qualities that one should follow and demonstrate, in the accounting profession. It lays down the expected standards, and are based on personal characteristics and behavior. According to New Zealand Institute of Chartered Accountants Act 1996 the five fundamental principles in the Code of Ethics are integrityRead MoreThe Changing Roles of Management Accoutants Essays1351 Words   |  6 Pages1. Introduction Management accountants and the system of management accounting have had a core importance in working and operations of the corporates. Over the years they have been fulfilling their traditional job requirements such as bookkeeping, recording and reporting financial information. It is believed that as over the years business and corporate world has evolved and gone through many changes and management accountants being part of this system would also face transformation in their rolesRead MoreThe Role Of Management Accounting And Management1461 Words   |  6 Pagesaccounting and management accountants in much of society have been changed. In this paper, we will discuss the hybridisation and change in nature and role of management accounting and management accountants. The Evolution of Management Accounting From 1981 onwards, the Management Accounting Practices Committee outlines the definition of management accounting to ‘the process of identification, measurement, accumulation, analysis, preparation, interpretation, and communication of financial information

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.