The Impact of Two Undergraduate Core Classes
A student discusses the influence of two undergraduate core classes on the analysis, development and preparation of his weekly assignments and presentations.
# 152381 | 728 words | 2 sources | APA | 2013 |
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This author discusses how two specific classes, Financial Accounting II and Financial Accounting III, were particularly helpful in the creation of a business proposal for an online consulting firm called a Virtual Accounting Consulting Firm (VACF). This author explains that, to be a committed and active member of the team, he had to have a keenly-honed sense of accounting knowledge and understand how this knowledge would impact clients and the firm's bottom line. In addition, this author relates that he also had to have the interpersonal skills to defend his position before individuals who were bright, articulate, and had different points of view than himself. This author asserts that coming to a consensus with his team members and producing a high-quality finished product was his reward for working hard in his previous courses.
From the Paper:"Financial Accounting II gave me greater in-depth knowledge of the basics of the accounting profession. Without this course I would never have conceived of creating an online accounting firm. This course enabled me to see how accounting services could be feasible to provide in a virtual format: for a small or medium-sized firm, such functions as calculating payroll, depreciation and amortization, accounts receivables and other critical functions could be credibly outsourced to a virtual accountant, particularly given the available software on the market. Because of this class I was also able to appreciate the substantial cost savings that a firm would incur, if it used a VACF. The ledgers of firms today demand more a sophisticated and specialized knowledge of accounting, particularly given the frequent changes in regulations regarding taxation and record-keeping. However, organizations often have fewer resources to devote to such additional burdens as adequate Sarbanes-Oxley compliance. Having a well-respected virtual accounting firm, using trained specialists, would be the ideal solution."
Sample of Sources Used:
- Bernardi, Richard A. & David F. Bean. (2006). Ethics in accounting education: The forgottenstakeholders. The CPA Journal. Retrieved May 5, 2010 athttp://www.nysscpa.org/cpajournal/2006/706/essentials/p56.htm
- Esmond-Kiger, Connie. (2004, Summer). Making ethics a pervasive component of accounting education. Managerial Accounting Quarterly. Retrieved May 5, 2010 athttp://findarticles.com/p/articles/mi_m0OOL/is_4_5/ai_n6276422/pg_6/?tag=content;col1
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