Accountant Careers

All You Need To Know About Accounting Careers

Archive for July, 2009

Jul-30-2009

Accounting question for people in accounting careers…?

Right now, I am majoring in accounting. I understand that with accounting, you either hate it or love it. Well, I love accounting and for ACC I, I breezed through it with no problems at all. Now, I am taking ACC II and I’m not grasping the topics as easily as I was in ACC I. (I’m taking these online) I’m sure that it is normal with some topics in accounting. But I was just wondering, are accounting careers like careers that you have to know like the back of your hand or is it as long as you have a good understanding on most things?

If you want to do well in accounting after you get your degree you have to get your CPA. To get your CPA you really do have to know everything. Luckily however there are a million different cram/study courses out there that teach you everything you need to know to get your CPA.

However once you have your CPA, you really only need to know what is important to your specific job. Which most of the time is a pretty narrow area.

All you really need to learn is where to look for the answers if you have a question later. No one knows it all.

Posted under Accounting Careers
Jul-30-2009

I m taking care of the accounting part in my current employment since the company start its operation.?

few years later the company employ my superior who has vast experience but not in the accounting.this lead to me have to trained her and she has to refer to me every now and then for any transaction.my boss told me i cannot lead the accounts dept because i have no leadership skills thats y they did not promote me instead they hire someone.prob is i m being paid less than her and i m not happy as every now and then she will refer to me.she is not capable to compile a set of accounts.i love my work but i m not happy.no promotion, poor pay, bg referred to by my superior.mayb i am not capable to lead.
i appreciate your suggestion and advise.

Totally understand. I was brought on in a supervisory capacity. But because this upset the persons who were here before me, my job was down graded. I have an AR clerk and an A/P clerk that have a higher status than I do. I’m the one with the education and experience, I find the problems, basically I clean up the crap. My boss is a spineless person who talks a good game, but when it comes down to it, he sides with the people that have been here longer. The company is a private one, so the owners treat the long timers with special preferences. If they are happy, then my boss is happy. It makes him look good.

When he has problems, then they are referred to me. I have to pick up his extra work; but only if it goes through him first. Hence the controlling of his exposure. As long as no one sees me in the background he is safe. Been her for 2 years and had no review or raise. Most people do not even know what I do, they assume that I am my bosses grunt and secretarial assistant.

This place is a complete and total joke. I have decided to not waste my time here trying to make a difference. I am going back to school to add to my educational diversity. When I am done I hope to have no 9-5 desk job.

Do yourself a favor and take a look at what it is you want and what steps you need to get there.

Good Luck.

Posted under Accounting Employment
Jul-30-2009

Can a Forensic Accountant be considered as an ordinary Accountant?

I want to be a Forensic accountant as my career. And currently, I working for my bachelor’s in Accounting. If I get my Masters in Forensic Accounting will that effect my job opportunities as an Accountant. And if so would the Masters in Forensic Accounting affect my qualifications because it is not a Masters in accounting

Certainly. However, you are entering a specialty. In my opinion you are limiting your job opportunities. However, that doesn’t mean you couldn’t apply that education to something much more simple, like general accounting for a private or public company. To answer your question, you need to ask yourself – what is the pinnacle you want to acheive? Then, what is the best way to get there. Consider my path, I have an undergrad in finance, and an MBA. I started as a financial anlayst, moved into cost accounting – went all the way to senior – then switched to managing general accounting. My opinion is this, as long as you can make the connections for future employers – you can take any degree and go anywhere you want. Just be sure you know how your "specialty" degree applies to other fields – which is why you are asking – I say you can take that anywhere – in your case maybe a move into auditing.

Posted under Accountant Careers
Jul-30-2009

Forensic Accounting Career Information : What Is Forensic Accounting?

Forensic accounting is a specialization of accounting that uses auditing and investigating to determine if accounting fraud has taken place within a company. Find out how forensic accountants check accounting books to make sure the numbers match with information from a forensic accountant in this free video on careers.

Expert: Mona D’aunno
Contact: www.cmgoftexas.com
Bio: Mona D’aunno is a senior partner of Compliant Management Group of Texas, and has been involved in forensic accounting for more than 15 years.
Filmmaker: Glenn Pieper

Duration : 0:1:38

Read the rest of this entry »

Posted under Accountant Careers
Jul-29-2009

Racism in Illinois They Profiled Blacks But Don’t Investigate Crimes Against Them Why?

Date: Thu, 26 Apr 2007 12:25:47 -0600

Subject: Racism is alive and still kicking until we united D’Anne Burley Radio Talk Show Host on Racial Profiling and worse 2007

Racism is still here but Don Imus is not the issue the most important one is below and I am black and can get no policing agent to investigate corruption and or criminal acts. I am also seeking letters for others who are black who have had racist issue in the times in order to show patterns on this issue. Blacks themselves are on hold and have opened the backdoor to allow for these comments to comeback, there is a greater issue that affects us and thats the lack of creditabitity we have and the lack of police power whereby if there are crimes in our neighborhoods and we report them the police do not respond as they would with whites and its far worse now because wer are in 2007 and we are still not fighting agressively to change this why?

This is hot and just off the press and here is the growing concern here is the mindset going out and not undercover please read!

Trained to Use Hatred

BERLIN, Germany (AP) — A video showing a German army instructor telling one of his soldiers to envision African-Americans in the Bronx while firing his machine gun was broadcast Saturday on national television.

The video, coming after scandals involving photos of German soldiers posing with skulls in Afghanistan and the abuse of recruits by instructors, seemed likely to raise more questions about training practices in Germany’s conscript army.

“We can no longer talk about an isolated case,” said Lt. Juergen Rose of the Darmstaedter Signal, a group of current and former army officers and sergeants who independently review military procedures.

“Things like this don’t happen in the army on an everyday basis, but unfortunately in recent years there have been a number of comparable incidents.”

The Defense Ministry said the video was shot in July 2006 at barracks in the northern town of Rendsburg and that the army has been aware of it since January.

“We are currently investigating the incident,” said Florian Naggies, a spokesman for the army and Defense Ministry.

He did not identify the instructor or the soldier, who are shown in camouflage uniforms in a forest.

The instructor tells the soldier, “You are in the Bronx. A black van is stopping in front of you. Three African-Americans are getting out and they are insulting your mother in the worst ways … Act.”

The soldier fires his machine gun several times and yells an obscenity several times in English. The instructor then tells the soldier to curse even louder.

The existence of the video was first reported on the home page of the German news magazine Stern on Friday and excerpts of the video were aired on the news television channel n-tv on Saturday.

According to Stern, the 90-second video had been posted on a Web site used by soldiers to exchange private videos. A soldier who used the site alerted his superiors, the magazine reported.

The video is the latest embarrassment for the German army. Eighteen army instructors are currently on trial for allegedly abusing and humiliating 163 recruits in 2004. Last year, newspapers published photos of German soldiers in Afghanistan posing with a skulls — including one who exposed himself while holding a skull.

My father Dan Burley was the real father of the Rap Industry thou now this point of history has been twisted to others Dan Burley authored the Harlem Handbook of Jive, and was involved in the then musican entertainment industry with Langston Hughes, Cab Calloway and others who made the then Black Hiphop JIve via smooth talk within rythms, some of the music today is great while others are just making a buck and the style and way much is being done is modeled out of the white industry because the money always flows upward. I got letters within my archieve of how many major publications in the past wanted to reform Blacks in music style and dress to make they act in a way that was or acceptive. But we think today that the style we have is not built around another agenda please! While we are in the music and in the dress, we are losing careers, jobs, and business via nafta and other hidden agenda’s we can not see and or will not be a part of, and much of this is because our Black Leadership is not on this issues.

I am one of the very few Blacks if there are any within the media addressing the issue of the WTC, Ok City, Waco ( which had 40 or more blacks living there) and all of the other world issues that if it comes into being Blacks think its bad now just want. Because whites are complainting and are effected. Look at New Orleans folks there still in some areas have no water or electric, and they are lying about the grants. So if we are no gathering dollars and committing to one another where are we going to be in the future.

There is the issue of driving while Black, going to work while black, reporting crimes while black. And the black press is not going there why? what is controlling our media whereby stories are not getting out again? I am hearing this from all over the place I am speaking of radio and television reporters.

And here I will stop and have you read the following again if you see acts of terrorism while black and they do nothing then why do you think they will come to your home and investigate your daughter being raped and or a murder without saying that its a crime that you committed yourself – Peace! D’Anne Burley

I am a former Deputy Clerk of the Circuit Court of Cook County in Illinois, I know much about law enforce and clout, and before that I worked over 35 yrs within Corporate America as an Accountant, Computer Programmer/Analysis, did some actuary work relating to removing employees who got close to retirement age, Developed Businesses, I worked as a para legal from Friedman and Koven which was the second in it’s day Law Firm in the World within Conflict of Interest international, also for United States Gypsum, Navistar, FMC Corp, Harris Bank, First National Bank, Argonne National Lab’s as Assistant Editor in the Bio lab, and many other larger than live Corporations within their Controllers Dept and World Headquarters, and in the Mortgage Industry of over 8 years seeing already formed terrorist cell operating from withn the Suburb of Palos Hills, Palos Heights, Broadview, Chicago and other neighoring communities. The scandal involved the use of International Drivers Licenses to falsify Identity and create other false ID’s such as Drivers License, Corporations, Bank Accounts in order to move and laundery money into Jihad and Al-Qauda cells all over the globe.

Drug Trafficking occured over Operation Mountain Express, which had netted over 52 mega tons of drugs, and drug making material to use to place on the streets and in the hands of mintories, our youth date rape drugs and other nightmare subtances to fund Terror across the world. In Illinois the Illinois trucking scandal was involved because the truck were involved within a operation to move the drugs, laundered money and also guns in and out of the hands of criminal within the KKK and aryan nation and other hate groups. All who were being used as part of the funded Bin Laden Operation, and that was really the involved of Bin Laden. Sept 11, 2001 was a part of a mock terrorist drill which was designed to cover-up the fact that the WTC had design defects that were brought to the port of Authority when it was being built but NYC had no rights to the business plans and could do nothing in the courts because it was alleged that the Port was not governed by the City and or State Regulations and laws because it fell under Marine laws only. In addition because of the first failed attempted to bomb the buildings in 1993 by so-called Islamic Extremist and due to the injuries, death, and claims filed against Lloyds of London in England, Lloyds was on the brick of Bankruptcy and was the Port of Authority, which also would have effected NYC itself in paying off huge amounts of money which would had totally bankrupt the city and the state.

As within the plot of the Savings and Loan Scandal years before as the failed savings institutes had not enough money to pay back the people who had accounts within within the federal Reserve, in both cases I alleged that conspirators from within and outside the government conspired to commit fraud by turning these events into cases for insurance.

In the savings and loan scandal during that time there were mounting numbers of “Banl Robberies in the Midwest and across the US.

The robberies I saw began in the late 80′s but expanded into 1990 whereby while I worked within the Courts there was the alleged ex-police officer out of Hoffman Estate called the Bearded Bandit, who with his wife alleged robbed banks all over the suburban area of Chicago Illinois. There were some elements of this case which were not true in fact and covered up for one the wife never shot herself in the front of a home in Streamwood she was shot by special unit op’s from what division I am not sure. Then her husband who was capture was killed in a shoot out but what I alleged was that he was gunned down so that he would not share information of the insurance scam. The same issue was happened in areas around Ok City and that could be the reason why Jesse Tredue’s brother was allegedly murdered within his prison cell the cover-up the real reason behind the bank robberies.

John Gary Peeler a former CIA/BATF/FBI agent was undercover within the KKK he has been on my program and his son John Christropher Peeler is being held in a Ark prison without parole for a crime of murder where there is no body, no crime scene and no evidence nothing to shutup Peeler. Peeler Sr. worked with Timothy McVeigh while undercover within the KKK working on bombing the Ok City Building, he knew about the bank robberies, the plot to take down the building and was able to stop one, but could do nothing about the WTC because no one would listen to him, his story as those of Eric Shine Merchant Marine Presidential Appointed by George Bush Sr., , Mary Schneider who worked 30 yrs within the INS and saw the florida connection of agents allowing Middle Easterns to gain entrance into the US that area of Fla was where the flight school was involved with the alleged training of terrorist cells at the same time I saw within my then office which was a place I was bought to to setup a new business to do Islamic Interest Loans for homes (Noriba) on the wall a huge picture of a boeing 747 class plane which I was told that being use as a picture to explan how to flight within a flight school which operated out of the Palos Hills area with ties into FL prior to 9/11/01.

The story was my nightmare, the government via clouted government officials and those who I had alleged were involved in a major sleeper cell used terrorism against me and my children. By sending in spooks, attempting to setup my bank account with counterfeit money orders, blackball me so I can not work and so that my children can not, criminalized by young son, use traffick tickets and others working within the policing agencies to cover-up and not investigation major corruption and criminals acts within DuPage County in order to shut be up and down and make me homeless. This is the same pattern that had been used on all whistleblowers and then causing them not to have equal rigthts under the amendments of the constitutional.

I am 55 yrs old and I have seen every level of corruption over a spam of 45 years including how entertainers and others were taken out in the same fashion in the 1940′s-62 while my father was involvcd as a publisher and reporter.Within his archieve were letters of this and then I was told by other creatible sources over the years of how they watched Mohammad X, who was a friend of my fathers, Joe Louis for saying good things about Jimmy Hoffa, and my father knew Jack Ruby prior to my father’s death. My father’s name was within the Warren Commission Report of the Death of JFK and my father help Kennedy to get elected within the chains of press he was involved in within the Black Community.

Because of all this I had been watched, and as they attempted to do with Mohammad X’s daughter they attempted to set me up over the years. But you see I saw things when I was very young and knew how they operated. Please read on thanks

D’Anne Burley

D’Anne Burley
http://www.articlesbase.com/national,-state,-local-articles/racism-in-illinois-they-profiled-blacks-but-dont-investigate-crimes-against-them-why-138189.html

Posted under Accountant Careers
Jul-28-2009

Careers in Accounting Profession and their significance to human development?


Not sure exactly what you’re looking for, but accounting is relevant to any business. If accounting is not done properly, business decisions can’t be made based on the correct information. If a company can turn a waste product into something else and sell it, an accountant can tell them if the profit in the sale outweighs the additional costs of processing the waste into the new product. The company may ordinarily dump the waste, thereby polluting and the accountant’s information may show them that they can make a profit and thereby ‘recycle’ their waste into profit and hopefully decrease pollution and waste.

Posted under Accounting Careers
Jul-28-2009

Best employment agencies in Toronto for Accounting?

Australians in Toronto.
Looking to find immediate work placement with accounting background.
There are so many agencies and avenues could someone with expertise please direct us to the most reliable source for jobs.

Accountemps, with locations all over the GTA. You won’t get charged a fee either.

Posted under Accounting Employment
Jul-28-2009

Is an accountant a good career choice to pursue?

I’m looking to pursue a job that’s repetitive. I love repetiveness… i know, im boring but its just who i am. What job can I pursue that’s a good paying job where I do basically the same thing everyday? Any more suggestions besides being an accoutant would be greatly appreciated. Thanks!

i know what you mean! some people like to "be challenged" and all that, but i am an accountant and i love getting paid the big bucks to do the same thing every month haha. i’ve always been good with numbers so i dont find it as boring as some people do. i say do it.

Posted under Accountant Careers
Jul-28-2009

Five Uses for Survivorship Life Insurance

Survivorship life insurance is a life insurance policy that insures two people and pays at the second death. Also referred to as second-to-die life insurance, common abbreviations are SWL for survivor whole life and SUL for survivor universal life.

Advantages

Since the insurance company does not have to pay until the second person dies, the premium is lower.

The insurance company could issue a standard policy, even if one person has health issues. In extreme cases where one person is entirely uninsurable, a policy with an acceptable premium is possible.

There are many uses for a survivorship life insurance policy. Let’s look at five.

Estate Taxes

Life insurance is the least expensive method of providing cash for the payment of estate taxes. Since 1981, the law allows one spouse to transfer all their property to the other spouse at death tax free. This is the “unlimited marital deduction.” If there is an estate tax due, it is not due until the second spouse dies.

In response, life insurance companies designed the survivorship life insurance contract. Since the premium is lower, it is even a better solution than a policy insuring only one person.

Replacing an Asset Given Away

Charitable remainder trusts (CRTs) allow a person to sell a highly appreciated asset (stock, land, a business etc.) without paying a capital gain tax, receive an income tax deduction and convert the asset to an income. At their death, the asset passes to the charity, not to their heirs.

An easy way to circumvent the children’s disinheritance is to insure mom and dad with a survivorship life insurance policy for the value of the asset given to charity. Sometimes premiums can be entirely paid from the income from the charitable remainder trust, which is often found money if the original asset was illiquid. The income tax deduction can be spread over six years if the asset contributed to the CRT is large enough. This is another premium source.

Even Out an Inheritance

A couple has three children and a family business. One of the children is active in the business and the other two have careers of their own. If the bulk of the estate is the business and the plan is to leave the business to the active child, the other two children come up short.

A second-to-die policy on mom and dad can even things out. For example, let’s say the total estate is 6 million and the business represents 4 million. If the parents leave the business to the active child and the remaining 2 million to the other two children and name these children the beneficiary of a 6 million dollar survivorship life policy, everything is equal.

The child active in the business gets the business worth 4 million. The other two children inherit 1 million apiece from the balance of the estate and 3 million apiece from the survivorship life insurance policy.

Post Phone a Buy Sell

If Joe and Bill were equal partners in a business, good planning would have them meet with their attorney and accountant, put a value on the business that each are happy with and have a buy-sell agreement drawn. Fund the agreement with life insurance and the funds are assured for the buy-out.

However, what if Joe’s wife, Ann, is also active in the business? If Joe dies, Ann would inherit Joe’s interest and continue to work in the business as usual. In this case, it would make sense to use a survivorship life insurance policy to insure both Joe and Ann. The buy-sell agreement would be worded to trigger the buy-out at the second of their deaths.

To Pay the Income Tax on an Inherited Qualified Plan

This is the day of mega 401(k) plans. When a 401(k), IRA or other qualified plan is passed, for example, to the children, income tax is required upon a distribution.

Most people do not realize the large potential tax on what may be their largest asset. Let’s look at the worst case. If the qualified plan money is subject to the top estate tax bracket, which is currently 45% and the child is also in the top income tax bracket, currently 35%, the amount left to the child is only a fraction of the total amount. Note there is a deduction against income for estate taxes paid. A good estimate of the net total percentage paid in taxes at the top brackets is 70%.

Use a survivorship life insurance policy to offset the income tax on the distributions, the estate tax or both.

There are many other uses of survivorship life insurance policies. If your situation includes any of these examples, I would recommend looking at the use of a second-to-die policy.

Robert D. Cavanaugh, CLU
http://www.articlesbase.com/insurance-articles/five-uses-for-survivorship-life-insurance-126169.html

Posted under Accountant Careers
Jul-27-2009

Accounting Careers & Information : What Is an Accountant’s Yearly Salary?

The yearly salary for an accountant can vary greatly, with ranges from $8 an hour to more than $200,000 a year depending on education, responsibilities and the size of the company. Earn an average salary of $40,000 to $60,000 a year with an accounting degree using information from an accounting professor in this free video on accounting salaries.

Expert: Shawn Jones
Contact: www.argosy.edu
Bio: Shawn Jones is an accounting professor at Argosy University in Salt Lake City, Utah.
Filmmaker: Michael Burton

Duration : 0:1:34

Read the rest of this entry »

Posted under Accountant Careers