Accountants

Paper Summary:

This paper examines the importance of education in the role of training accountants for their profession. It looks at professional standards, requirements and practices and explores what educational paths must be taken to become an accountant. The paper shows why accountants are not just glorified bookkeepers, but actually require a deeper and more intense professional training background to do their jobs.

From the Paper:

"Accountants must be trained to be able to arrive at an all-inclusive view of the financial and the legal issues of a business, foreseeing the effect of every sort of transaction on the profit-and-loss statement of a business. Additionally, an accountant needs to be able to recognize and classify all additional factors that could determine the true condition of a business, such as statistics or memos relating to production issues, property and financial records, expenditures, receipts, fiscal changes, and present standing within the business community. (Henning and Torbin ) In a branch of accounting called, "cost accounting," the actual cost, over a certain period of time, of particular services rendered or of articles produced. By using the cost accounting system unprofitable ventures, services, departments, and methods may be discovered."

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