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To Accrual or Not to Accrual?

  • Date Submitted: 03/29/2011 12:53 PM
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Jade Moses
Dr. King
English 1102
Nov. 2010
To Accrual or not to Accrual?
Accounting according to the Oxford English Dictionary is defined as the action or process of counting or computing; the management of financial affairs (Accounting).   Accounting is very simple to define, but people‚Äôs perception of it is one of fear. The First fear is that of working long hours, but in fact in America has one of the shortest work weeks for accountants averaging forty hours per week
There are not many physical needs to be an accountant because most accountants work in a nice office where they can sit down most of the day.   This fear maybe come form of dislike of math, but never the less with the demand for accountant growing some professionals believe the curriculum for undergraduate accounting should cover more of a broad spectrum of accounting, not just financial (Gober 173).   The same article states the need for continuance of education to help to help further career paths (Gober 174).  
The main career path for a person with an accounting degree is that of a Certified Public Accountant or CPA. The most common way to obtain a CPA certification is after receiving a baccalaureate degree in accounting from a school accredited by the Association to Advance Collegiate Schools of Business International (AACSB) then continues with an MS in accounting or an MBA in accounting plus one hundred and fifty hours under a CPA (Aghimien 2). There is some ethical requirements, after passing the exam, set by the AICPA including Identifying the difference relationships in the financial field (Aghimien 7-8).   Confidentially with client information is one of the strongest points in the ethics requirements (Aghimien 8).   The jobs that are obtainable with an accounting degrees range from Certified Public Accountant (CPA) to Chief Financial Officer (Palka 64).   Being a CPA can lead to a Certified Management Accountant (CMA) with the only difference is an extra certification (Palka...

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