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Accounting 1 Bellwork

Accounting 1 Bellwork. 3 rd hour: Make a list of at least three traits that describe your personality. Chapter 1. $. Section 2 Accounting Careers: The Possibilities Are Endless!. $. What You’ll Learn The variety of career opportunities available to accountants.

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Accounting 1 Bellwork

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  1. Accounting 1Bellwork 3rd hour: Make a list of at least three traits that describe your personality.

  2. Chapter 1 $ Section 2 Accounting Careers: The Possibilities Are Endless! $ • What You’ll Learn • The variety of career opportunities available to accountants. • The types of businesses and organizations that hire accountants. $ $

  3. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Why It’s Important Explore all the careers available in accounting! You wouldn’t want to miss a great opportunity just because you didn’t know it existed. $ $ • Key Terms • accountant • for-profit business • not-for-profit organization • accounting clerk • certified public accountant • public accounting $

  4. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ The Changing Horizon An accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports. $ $ $

  5. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Accounting Professions in For-Profit Businesses For-profit businesses operate to earn money for their owners. $ $ • entertainment industry • retailers • sports industry • computer technologies $

  6. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Accounting Professions in Not-For-Profit Organizations Not-for-profit organizations balance their income with expenses rather than earning a profit for owners or investors. $ $ • United Way • The Sierra Club • Boy Scouts of America • Government agencies $

  7. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Accounting Professions in Public Accounting Firms Public accounting firms provide accounting services to their clients. $ $ • Arthur Andersen • Deloitte and Touche • Ernst & Young • KPMG Peat Marwick • Coopers & Lybrand/Price Waterhouse $

  8. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Accounting Clerk: An entry level job usually performing one or two accounting tasks. Certified Public Accountant: Or CPA, pass a national test and meet specified experience and education standards to become “Certified” to practice accounting. Public Accounting: Can be small or large-from a local business specializing in personal tax returns to an international firm. $ $ $

  9. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Check Your Understanding In business many decisions revolve around costs and potential earnings. For example, accountants might help create a picture, in numbers, of a proposed new product line, or they might be asked to suggest ways a company could cut its production costs. In addition to skill with numbers, what other skills do you think an accountant needs? $ $ $

  10. Section 2 Accounting Careers: The PossibilitiesAre Endless!(con’t.) Chapter 1 $ Check Your Understanding • Assignment: • p17: • Thinking Critically 1 & 2 • Problem 1-3, Checking Out Accounting Careers • Math Worksheet: Chapter 1 Diagnostic Test $ $ $

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