Professional Development Essay As a certified public accountant, there are a couple of organizations that provide opportunities, knowledge, information and other opportunities that can be beneficial to a new accountant, an accountant nearing the end of his career, an accounting firm, or an individual looking to become a certified public accountant. The American Institute of Certified Public Accountants and the Michigan Association of Certified Public Accounts both offer unique benefits to their members. In this regard, one must consider whether it is worth being in one organization, both organizations or neither organization if potential benefits of membership can’t outweigh the costs associated with membership. The American Institute …show more content…
For example, the AICPA publishes The Journal of Accountancy and CPA Letters Daily, that both provide content of accounting issues and new developments within the industry. The only downside noted to being a member in this organization is that the fees can be costly running from $255 for an individual to as high as $445 for a partner in a firm or as a sole practitioner (“American Institute of CPA’s,”n.d.).
The Michigan Association of Certified Public Accountants, MICPA, is similar to the AICPA, but more at the individualized state level. The MICPA is there to provide services to all accountants within the state of Michigan and addresses questions and concerns regarding the accounting profession. The MICPA offers support to all members by providing a useful place to track your continued professional education and similar to the AICPA advocates for the profession at the state level (“MICPA,” n.d.).
Membership in the MICPA also garners significant benefits. The organization provides connections to experts in the industry, including those with specialized training. It offers the networking ability to find another in your profession who may have more expertise in your subject area. Discounts can also be obtained in the areas of legal help, insurance, professional publications, certified public accountant review courses and for deals with the various professional sports teams and some retailers within
“The most successful nations in the future will be those which develop high quality, skilled and motivated workforces and make good use of them.” Government White Paper (1994)
I plan on obtaining my Ph.D. in Management with a specialization in leadership and organizational change in four years. My educational goals are as follows: to receive the advanced essential training in qualitative research methods to strengthen my researcher and give a theoretical base to my work, secondly I would like to gain insight in quantitative research in order to become a well balanced
Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.
The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities
In 2012, CPAs, Inc., a corporation owned entirely by its employees, all of whom are certified public accountants performing only services in the accounting profession, had taxable income of $110,000. The corporation has never exceeded $5 million in gross receipts. The following is an excerpt from the 2012 corporation income tax rates schedule: Income
The AICPA Code of Professional Conduct discusses the need for independence among CPAs. The rule of independence states that members in public practice must remain independent when performing professional services (AICPA, 2014). Not only must they be independent in fact, they must also be independent in appearance such that informed third parties would not consider them to be lacking independence based on all relevant information (AICPA, 2014). The Code even specifically addresses the issue of unpaid fees. According to Rule 1.230.010, unpaid fees related to professional services provided to a client can cause threats to independence due to self-interest, undue influence, and advocacy threats. Specifically, the Code states that unpaid fees outstanding for over one year would impair a CPA’s independence (AICPA, 2014). Therefore, in this situation, the CPA
Texas CPAs are people who certified to practice public accounting in Texas. They act as a trusted financial advisor who helps individuals, business, and other organizations plan and reach their financial goal. The Texas State Board of Public Accountancy (TSBPA) ensure that every person meets specific eligibility requirements:
The American Institute of Certified Public Accountants (AICPA) is a professional accounting organization whose members are certified public accountants (CPAs).
The organization sets U.S. auditing and ethical standards for privately held companies, not-for profit organizations, federal, state, and local governments. It represents the CPA profession by serving ? as an advocate before legislative bodies, public interest groups and other professional organizations? (aicpa.org). Its creation established accountancy as a profession and distinguishes itself by demanding scholastic requirements, high professional accountancy principles, a stringent code of professional ethics and an obligation to serving the public
Many people here the word accounting and thinking of the big four accounting companies. Although accounting pertains to individuals as well, and there are many benefits to having a personal accountant. A personal accountant can help with personal finances like bills, mortgages , and luxuries. All financial decision big or small can have a huge impact on your future financial status, therefore having a personal accountant can limit the risk of making a financial mistake. How do you know when it is a good idea to invest in a personal accountant? There are a few questions that can be asked:
My interest in pursuing a position as a school administrator for an elementary school system is to provide leadership for staff members and quality education for all students, and to become part of the world of education. The Benjamin Franklin School located in the Dallas School District serves as a growing population of approximately 1,070 students. The school offers a well-defined educational system for the students, and it has an overall student-to-teacher ratio of 17:1. In addition to the statewide curriculum standards, the school offers special education programs and classes for the gifted and talented. As a result of the school district rankings in the student’s performance, Benjamin Franklin School has become the worst in the
We may appear to be biased since we provide our services to our clients from here, but we like to have these thinking set of mind that we have stood out from the among Chicago accountants. The following are reasons why businesses and individuals have been daily seeking out
Imagine trusting your hard-earned money like your retirement savings to a financial adviser or Certified Public Accountants (CPA) only to lose it all in a fraudulent Ponzi scheme. In today’s world of business many organizations, financial planners and accountants are in the news due to the financial ethical breaches that have affected their customers, employees, and the general public. A CPA has to be responsible for their audits and take any punishments as a result of their mistakes, incompetence or illegal actions. CPAs are expected to have integrity in their work,
Certified Public Accounts (CPA) are professionals at helping people with their tax returns and ensuring that they are accurate. Many companies and small businesses depend on a CPA's to prepare their quarterly as well as yearly tax documents to stay in compliance with federal regulations and to maintain their business licensing. Even if people
Freed Maxick CPAs is a one of Western New York’s largest public accounting firms and also top 100 firm in the United States. Freed serves closely held business, SEC companies, governmental and non-for-profit companies nationally and internationally. The Certified Public Accountants that work for Freed Maxick are high performance individuals who help guide their clients through business growth, compliance with standards, security and innovation. Freed has over 300 professional and administrative personnel that are located across New York in Buffalo, Batavia, Rochester and Syracuse. They are a highly respectable firm and an alternative to the “Big 4” that specialize in five major accounting practices, making Freed Maxick CPAs an ideal place