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Accounting As A Profession

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Accounting as a Profession

 As of 2018 per records of the Professional Regulation Commission (PRC), there


are 188,203 Certified Public Accountants (CPA) in the roster of the Board of
Accountancy (BOA) which is a very significant jump in number compared in the
previous year. This shows that among the Filipino students, there is great interest
in accountancy as a profession.
 Accountants are generally involved in a range of activities such as auditing,
taxation and consultancy services and one of the areas which are concerned
directly with these is the accounting profession.
Career Choice in Accounting Field

 As mentioned by the American Institute of Certified Public Accountants


Organization (AICPA), CPAs and potential CPAs have a variety of career paths
from which to choose. As for international setting, it includes public accounting,
corporate or private accounting, government accounting, academe or education
accounting and non-profit accounting.

 Meanwhile, in the Philippine setting practice of accountancy according to Section


4 of Republic Act No. 9298, otherwise known as Philippine Accountancy Act of
2004, shall include but not limited to Practice of Public Accountancy, Practice of
Commerce and Industry, Practice of Education or Academe, and Practice in
Government.
Career Choice of Accounting Students

 Mulianto et al. (2014) saying that career choices such as public practice,
commerce and industry, government accounting and academe have differences
in financial rewards, professional recognition, professional training, and job
market considerations whereas most students consider upon choosing their
career.
Factors Affecting Career Choice of Accounting Students

 Social Cognitive Career Theory by Lent, et.al (1994) where social conditions
such as parental influence, friends and teachers' influences, as well as economic
conditions like job opportunities, salary amounts, and the like, influence students'
career choices.

 A previous study by Odia and Ogiedu (2013) investigated the factors that
influence the career choices of accounting students. The analysis shows that
intrinsic motivation is an important factor for accounting students.

 According to Shoffner (2015), extrinsic factors revolve around external


regulations and the benefits associated with certain occupations. It was
supported by the definition of Indeed Editorial Team (2021), where it involves
completing a task or exhibiting a behavior because of outside causes such as
avoiding punishment or receiving a reward.

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