Public accountants have flexible careers with job responsibilities that vary depending on factors like the firm size, their experience level, specialized areas of accounting, and whether it is tax season. Their work involves serving various industries and companies. Public accounting offers structured career opportunities with many possibilities.
Public accountants have flexible careers with job responsibilities that vary depending on factors like the firm size, their experience level, specialized areas of accounting, and whether it is tax season. Their work involves serving various industries and companies. Public accounting offers structured career opportunities with many possibilities.
Public accountants have flexible careers with job responsibilities that vary depending on factors like the firm size, their experience level, specialized areas of accounting, and whether it is tax season. Their work involves serving various industries and companies. Public accounting offers structured career opportunities with many possibilities.
Public accountants have flexible careers with job responsibilities that vary depending on factors like the firm size, their experience level, specialized areas of accounting, and whether it is tax season. Their work involves serving various industries and companies. Public accounting offers structured career opportunities with many possibilities.
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Career in Public Accountant
There is no typical day in the life of a public accountant. If you go into this profession, what your workday looks like will depend on the size of the firm you work for, where you are in your career, the aspects of accounting you specialize in and whether it's tax season. Like many financial careers, a career as a CPA offers numerous possibilities for the types of industries and companies you can work for. "There are no other professions, trades or licensed occupations that are as flexible and structured as the public accounting profession." What are technical words in this text underline?
Read the text and traduce
______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ Write the new technical vocabulary 1.__________________________________________________________________ 2.__________________________________________________________________ 3.__________________________________________________________________ 4.__________________________________________________________________ 5.__________________________________________________________________ 6.__________________________________________________________________ 6.__________________________________________________________________ 8.__________________________________________________________________ 10._________________________________________________________________ TECHNICAL WORDS An Accountant is a practitioner of Accountancy. Classifications of Accountants. There are two broad classifications of accountants: those in public practice and those in private industry. Fundamental Accounting Equation: Assets = Liabilities + Equity Rearranging it in another way, we find the following expression: Assets — Liabilities = Equity This equation is the most important one of all the accounting identities, and it is the basis on which the whole accounting system is constructed Assets are the things of value owned by a business. They consist not only of cash, furniture, trucks, and merchandise (if the business is engaged in selling merchandise) but also of claims for sums of money owed to the business, known as receivables. Assets:________________________________________________________ Current Assets:__________________________________________________ Cash and Cash equivalents:________________________________________ Short-term investments:___________________________________________ Accounts receivable:______________________________________________ Inventories:_____________________________________________________ Prepaid Expenses:________________________________________________ Other current assets:______________________________________________ Non Current Assets:______________________________________________ Fixed Assets:____________________________________________________ Property, plant and equipment:______________________________________ Less: Accumulated Depreciation:____________________________________ Goodwill, Patents, Trade Marks:_____________________________________ Other Intangible Assets:____________________________________________ Investment in associates:___________________________________________ Long-term investments:____________________________________________
Liabilities are the sums of money owed to those outside the business from whom assets, services, or loans have been obtained and for which payment has not been made. Such sums are referred to as payables and those to whom they are payable are the creditors of the business. Liabilities Creditors: Current Liabilities Accounts payable:_________________________________________________ Current income tax liabilities:________________________________________ Current portion of bank loans payable:_________________________________ Short-term provisions:______________________________________________ Other current liabilities:_____________________________________________ Creditors: Long-Term Liabilities Bank loans:______________________________________________________ Issued debt securities:______________________________________________ Provisions:___________________________________________ Minority interest:_________________________________________________
Current Liabilities: are those amounts falling due within one year. Long-Term Liabilities: are those amounts falling due more than one year The difference between Assets and Liabilities is called Stockholders´ Equity and consists of Contributed capital, Retained earnings, and Capital reserves. Stockholders´Equity:_____________________________________________ Contributed Capital:______________________________________________ Capital reserves:_________________________________________________ Revaluation reserve:______________________________________________ Retained earnings:_______________________________________________ Stockholders' equity is often referred to as the book value of the company, and it comes from two main sources. The first and original source is the money that was originally invested in the company, along with any additional investments made thereafter. The second comes from retained earnings that the company is able to accumulate over time through its operations.
TASK 1. What is a Liabilities? ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ 2. Indicate the fundamental accounting equation. __________________________________________________________________
4. WATCH THE VIDEO THEN COPY OTHER TECHNICAL WORDS.
https://www.youtube.com/watch?v=fZdR4QvETzQ
5. Remember to underline the technical words.
DESCRIBING THE LABORATORY https://www.youtube.com/watch?v=G0wC5i-G5wQ
What is the field of your career?
TASK 1. What is accounting? ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ 2. Why is accounting important? ___________________________________________________________________ ___________________________________________________________________ 3. How many fields of accounting are there? ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________ ___________________________________________________________________
https://www.youtube.com/watch?v=VYNTBWBqncU 1.GAAP________________________________________ 2.IFRS_________________________________________ 3.IAS__________________________________________ 4.IASC_________________________________________ Watch the video https://www.youtube.com/watch?v=1H862V4xuDI TECHNICAL VOCABULARY
Now write short email to your partner explain about Stockholders equity. ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ ______________________________________________________________________ What standards are used to prepare financial information? ______________________________________________________________________ ______________________________________________________________________ How is leasing reported in accounts? ______________________________________________________________________ ______________________________________________________________________
Effectiveness of Social Media As Platform For Online Business Transactions As Perceived by The 3rd Year BSBA Students of Negros Oriental State University Business Research 1
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