ACC 221 1st Edition Lecture 25Outline of Previous Lecture- Section 24: Goodwill Goodwillo What is goodwill?o Calculating goodwillo Day of acquisitiono No goodwillo Goodwill into accounting systemOutline of Current Lecture - Section 25: Accounting Field Jobs in Accountingo Fieldso Opportunityo Typical workdayCurrent Lecture- Section 25: Accounting Field Jobs in Accountingo Fields Internal Audit Financial Accounting- After 3-5 years, many make the decision to either stay in public accounting and move towards becoming a partner, or switching to corporate accounting and moving up that wayo Opportunities Internships important, specifically between summer of junior and senior year. Many apply at spring ice- Look for candidates who are professional, direct, and know where they want to go- Often, successful internships will lead to job offerso Typical workday Busy season and regular season- Audit: September – February (50-60 hours)- Financial: December – March These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute. Generally work with one client for 1-2 weeks, auditing and going over everything in accounting process- Get to know each client well, work in various
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