November 26th, 2009
Accounting . Estimates . Four . Instances . Judgement . Necessary . Suggest . Where . Will
ACTIVITY 1.5
Suggest four instances where estimates are necessary in accounting and where judgement will have to be exercised.
October 31st, 2009
Accounting . Major . Necessary
Im am currently enrolled as an Economics major with two minors in Business Administration and Accounting (24 accounting credits total).
I know there is always vast opportunities for accounting jobs in the market. I was just wondering if a major in accounting is necessary.
October 30th, 2009
Accounting . Communication . Field . Necessary
I was wondering how much of a factor it is. I have a form of autism. While I can answer questions when asked ( or possibly even give a presentation if I have enough subject matter) I cannot relate to people well, carry on a conversation about something that’s not work/school oriented, make small talk/jokes.
I am pretty good at math and I have high interest in numbers, statistics, finance formulas and the like. I also can write pretty effectively and find it much easier than verbal communication. While I am a little on the slow learner side, I typically make high grades in my college freshman classes.
What Im basically wondering is do people with poor social skills just have to make up for it in expertise/work ethic?
****As you might be able to assume, I dont plan on running my own practice
We run a family business/corporation and use Quickbooks. I always printed reports such as check register, accounts payable, cash disbursements. Are these printed reports stilll needed or is the computer program with back up enough? Is it important to have your records printed and if so, which reports and when?
October 2nd, 2009
Accounting . Homework . Loan . Necessary . Outstanding . Pledging . Receivables . Reporting . Security . What
I’m not really sure about this question on my accounting homework. please help!
What reporting is necessary when a business pledges receivables as security for a loan and the loan is still outstanding at the end of the period?
Why is this required?
What accounting principle is being satisfied?
September 5th, 2009
Accounting . Career . Degree . Masters . Necessary
I am in my last undergraduate semester, and I’m earning a BA in accounting. I will have met all the requirements to sit for the CPA exam in Texas, but I am wondering if I should pursue a master’s degree.
I plan on working for one of the Big 4 firms in Houston, TX to get experience and eventually move on to work with small businesses owned by women as an accountant and financial planner. Are there additional benefits of having one or once you’re in a company they don’t look at that?
July 27th, 2009
Accountant . Accounting . Hire . Necessary . Opposed . Other . Quickbooks . Software . Using
Margaret, this is one of those age-old time vs. resources questions. Quickbooks is obviously the cheaper option, but it will cost you in time. Vice versa for the accountant, who will be more efficient for you, but cost more. You get the picture.
So, I tend to sort this out with another metric — by expertise and my needs. If your business is small enough that you don’t need special financial counsel (and you have a little time), go with the software and save the money for marketing or other critical spending. But I’ve found that the right financial partner can help guide me into better business decisions, acting as a de facto CFO. And sometimes they more than pay for themselves by steering you to better business strategy.
One note: Regardless of whether you do it yourself, make sure you have a very firm handle on your company’s finances, especially cash flow. There is no more surefire way to cripple your business than losing track of money.
July 5th, 2009
Finance . Like . Microsoft . Money . Necessary . Personal . Quicken Questions . Software
Is there any other alternatives solutions?
I am taking an accounting course at a local community college and if I do well, am thinking about pursuing a CPA. How many courses does it usually take before people can take the exam to be certified?
