The John Molson Accounting Society will be holding office hours twice a week to answer any questions students may have. Being the VP Academic, Ali Virk has knowledge pertaining to the CPA Certification Program, the Mentorship Program, the CPA Recruitment Cocktail, and much more important information valuable to students.
This up coming week the office hours will take place Tuesday the 2nd at 1:15-2:30pm, Thursday the 3rd 3:00-4:00pm and Wednesday the 10th 12:00-1:00pm. So feel free to stop by, our door is always open!
What is Accounting?
Accounting is providing useful financial data about an entity for users of the financial statements to make resources allocation decisions. Accountants gather data in order to accommodate stakeholders with useful information that is relevant and reliable. In general, the main users, notably creditors and shareholders, intend on financing an economic entity with the expectation of receiving a return in their investment. The data gathered by accountants serve to protect the interest of the stakeholders assuming that they have a general understanding of the accounting information provided. Ultimately, accountants help to make sure that the stakeholders of an business make the right capital allocation decisions.
Accountants have an exciting world of opportunities available to them. As with medicine, law or engineering, a number of paths are open to accountants to enhance their expertise and advance their careers. Accountants in industry are involved in decisions in many of the organizations vital functions. Accountants, or more specifically Chartered Professional Accountants (CPA) in public practice, spend very little time at the office as they visit clients on a regular basis – organizations of all sizes and from all industries – to meet with management and provide advisory, strategy, or assurance services. Accountants can also be entrepreneurs and leaders of economic development because of their solid business management expertise and strategic vision.
Potential career options for accounting majors include:
- Budget Analyst
- Taxation Specialist
- Credit Officer
- Forensic Accountant
- Securities Manager
- Portfolio Administrator
Other specialties an accountant can focus on are as follows:
- Forensic Accounting
- Information Technology
- Business valuation
- Internal audit
- Insolvency and restructuring