Choosing a profession
This email provides a description of an exercise that I have conducted online that is related to my desired career path.
Choosing a profession is one of the hardest things in life. Despite the simplicity of the term, finding a career that suits an individual requires proper support from relevant personnel. The job takes up a lot of one’s productive life until retirement and, therefore, affects an individual’s way of living when not chosen well.
Very few people understand and know what they want to pursue in the future. The majority of individuals rely on trial and error methods. A good career suits an individual’s interest creates a feeling of satisfaction and shows some challenges. The challenges depicted helps in strengthening an individual and learning ways how to handle issues.
The sources found after researching accountancy from the internet includes Jaijairam’s ethics in accountancy and Kagan’s accountancy journal. The two sources seem to have different information concerning the accountancy profession.
Accounting involves recording financial transactions about a business. In short, it is how business records, organizes, and comprehends its financial information. The accounting process comprises doing a summary, analyzing, and finally reporting to the oversight agencies. Moreover, the accountant helps plan for growth and secure a loan by showing the up-to-date financial statement. The vital part of accountancy is its role in helping to evaluate the performance of a business. Performance evaluation provides a full understanding of the economic situation in a company. Accounting duties highly depends on the level of education. Some firms require certification beyond a degree and also successful completion of other rigorous examinations.
Despite professional ethics standards, the accountancy profession seems to operate without the set ethics requirement. The massive accounting scandals experienced in the twenty-first century diminishes the profession’s right image.
There is a renewed interest in training and developing individuals with relevant ethical principles and behaviors to reduce the enormous failure in the job. Moreover, all business individuals should learn and have accounting ethics to avoid further financial and legal dilemmas.
Ethical considerations in accountancy help provide competent individuals and, therefore, improve the business reputation and credibility of the financial statements. The practice also reduces the criminal and fraud issues associated with the profession.
The limited timed allocated provided more information on the accountancy profession. Furthermore, the research helped identify various terms in accountancy, such as ethics and code of conduct. The expressions help model individuals who fully understand the accounting concepts and consider the same profession’s ethics.
Besides, I recognized various functions accounting profession, which include doing a summary of the business, typical analysis, and lasting providing the report to the relevant bodies. I promise to do better next time when given another chance by providing more information.
In a nutshell, though not complicated, career choice can negatively affect a person’s life when not given much attention. It is, therefore, necessary to follow relevant protocols before deciding on the profession of choice. The wage aspect seems to attract more people to some jobs. Promising careers are ones that suit individual satisfaction and interest and not high pay.
Accountancy, though, helps in realizing business performance, also encounters some challenges that need attention.
Together with other agencies, the government should advocate and develop ethical practices in accounting firms to generate competent accountancy personnel.
It would really be helpful if you can provide more guidance on my career ambitions.
Regards,