KPMG Notes Accounting is Why Should I study Accounting to become a CPA the means by which all companies tract and report on their financial performance internal processes and systems it is a foundation for operating and managing all types of businesses it provides a foundation to help you in an understanding of different types of companies it s a universal highly marketable skill it s a superhighway for opportunities as you think about what do I want to be when I grow up Accountants are professionals trusted business advisors technical specialists project managers analysts and decision makers strategic thinkers problem solvers users of innovative technology financial consultants writers presenters ethical team oriented Core Skills of Future Accountants ability to interpret and provide context to financial and non financial information communication and leadership strategic and critical thinking customer client market focus technologically adept Career Paths Public accounting corporate industry accounting business entrepreneur government non profit education teaching Public Accounting Providers o international firms Deloitte Ernst young KPMG PWC As an Example KPMG 3 independent businesses Audit tax and advisory operating win a globally consistent set of core values ethical and compliance standards and business practices working with some of the world s largest corporation Public Accounting On the Job Reviewing fin statements assessing risk testing system reliability evaluating business assets tax planning and consulting investigations merger and acquisitions measuring performance analyzing operations financial planning benchmarking against competition managing information real time teaching researching A Career in Public Accounting An understanding o clients business Matching Majors Tax Fed Tax Economic and Valuations Services Internal executive services Bachelors internship macc or masters in tax fulltime Bachelor in economics finance business international business math or stats MBA is a plus Bachelors internship macc or tax fulltime forein language is a plus International corporate services Llm jd or masters in tax State and local tax Llm jd or masters in tax accounting 10 lessons learned that may help you 1 early investments in your career compound just like financial investments 2 your work product is like a picture it tells more about you that what you say 3 people skills commitment to quality success 4 don t make decision or say things you don t want your parents to read about 5 adopt good traits and behaviors work on weakness 6 you can have a balanced life as well as a career 7 do the right thing the right way 8 9 never stop learning 10 if it isn t fun it s not worth it ETHICS PowerPoint Objectives of the applied ethics cases The cases will help students to better Recognize situations in business that may compromise economic behavior understand and employee a system of ethical decision making respond to ethical conflicts by using a system of ethical decision making What is business ethics Ethics refers to rules that govern behavior Business ethics refers to rules that govern behavior in commercial activity THE PROFIT MOTIVE there is one and only one responsibility of business to use its resources and engage in activities to increase profits Milton Freidman DOING THE RIGHT THING Rules for business a BUSINESS that makes nothing but money is a poor kind of business Henry ford the professionalization of business led to the development of business ethics
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