Post Graduate Studies in Accounting Samples †MyAssignmenthelp.com

Question: Discuss about the Post Graduate Studies in Accounting. Answer: Post graduate appraisal Post graduate studies inaccounting have several benefits to my career as an accountant. The studies enhance skills in the field of accounting that contribute to increase productivity. Different types of postgraduate studies in accounting include tax accounting, international accounting,financial accounting and management accounting, auditing and forensic accounting (Dumay, 2014). Auditing studies focuses on theories and science of auditing that are based on understanding principles of accounting. Auditing involves studies in evaluating organizations, projects, or personal financial statements, data, operations, data and records (Smith, 2017). The audit studies enables understanding of auditing standards, audit models, use of computer based audit techniques and risks associated in preparing financial statement (Deegan, 2013). Forensic accounting studies involve application of professional tools, techniques, models and knowledge of accounting in real life case studies when presenting c ases in court of law. The studies enhance investigative skills and giving expert witness on fraud examination. The subject also gives an insight to legal system in regards to accounting. Tax accounting studies focuses on tax accounting and tax issues. The studies involve filling tax returns, calculating tax provisions, validating tax balance sheet. The studies enables understanding of tax laws and tax controls process and strategies of minimizing payable tax. International accounting studies involves studying accounting at a global look (Palepu, Healy, Peek, 2013). This enables address of practices and theories of accounting in different social, cultural, and political environments. The post graduate studies also involve studies of research methods. This enables skills in numerical and quantitative research and qualitative research methodologies (Smith, 2017). Therefore, postgraduate studies in the field of accounting are important to enhancing, updating, and equipping skills my ca reer in accounting. International experience appraisal International experience has several advantages and disadvantages in my personal development in the field of accounting. International experience has several advantages; first, an international experience gives exposure in the field of accounting in different countries (Alshahrani, Morley, 2015). One is exposed to high profile project which are not available in the home country. Secondly, international experience enables develop adaptability and flexibility skills. Working in different countries develops ones adaptability and flexibility skills that enhance the ability to work in different environments. Thirdly, international experience enhances readiness. International experience enables one to work in different ways as a result of exposure to different methods of working. Another advantage of international experience is enabling understanding of different customs, cultures, and types of businesses around the world. This enhances my ability to work in a multinational organizational . Lastly, an international experience enables network building. One is able to build a strong international contacts network. A network is important for continuous sharing and updates that enrich ones profession in the field of account (Blackmore, Gribble, Rahimi, 2017). On the other side, international experience has disadvantages I; there is difference in legal requirement in accounting practice. Different countries have different requirement for experts to practice accounting in their country. This makes it hard to practice accounting in another country. Secondly, international experience in accounting does not increase proficiency in ones home country. There are different accountings standards from one country that require one be aware of before practicing accounting in that country. Lastly, qualifications and experience in some countries are not recognized in another country. This makes it impossible to get hired to practice accounting in home country or another country despit e having international experience (Nurunnabi, 2014). Importance of Ethics Ethics in accounting are moral values and judgment of oneself as applied in accountancy (Cameron, O'Leary, 2015). Ethics are extremely important in the field of accounting because of the nature of the accounting practice. Accountants get access to sensitive information in the organizations that require high moral standards to avoid conflicts. Accountants often access clients bank account that gives them good deal of power in the organization. The importances of ethic in the field of accounting are; first, ethics enhances integrity in accounting. Integrity enables an accountant to be honest and straightforward in business and other professional relationships in an organization. Second, ethics enables an accountant to be independent and objective in their engagement. Objectivity and independence are critical for accountant to engage ethically to enhance trust in ones work. Independent ensures that an accountant work represents true and fair financial performance of the client. It also ensures an accountant avoids interests of conflicts (Gong, 2017). Independence and objectivity ensures the recommendations made by an accountant are not subject to external influence. Thirdly, ethics enables confidentiality that is required in the accounting field. Disclosing financial information is violation of trust of an accountant. Finally, ethics are important in accounting because they enhance professional competence and professional behavior. Ethics enables an accountant to stay up to date development by registering in professional accounting bodies that supervise other accountants. This improves the ability of an accountant to make sound judgments in the organization. Failure to a bid to ethical standards in accounting field lead to the following scandals; the most common scandal in accounting is fraud. Fraud is an intentional manipulation by accountants of the financial statements in order to create a faade in the organizations financial health (Shawver, Miller, 2017). This misleads the investors and other stakeholders of the organization. Secondly is misstatement in the financial statement of an organization. Misstatement is omission, understating or overstating of amount in the financial statement. If misstatement is declared by an auditor as material, it leads to organizations accountants being fired or charged. Another scandal as a result of failure to a bid by ethical standards is theft of organizations resources. Accountants use confidential information to steal from the organization. Unethical behavior can have severe effects on my career in accounting. First, I will not be trustworthy in my line of duty. I will not be able to keep confidentiality of the information at my disposal that can lead to fraud, misstatement, or theft from my client. Secondly, I will not be able to make sound judgment. I will be unable to contribute positively to clients financial success. Third, I will lose public trust of the client. The organization will lose public trust making it hard to perform well in the stock exchange (Ball, 2013). Lastly, I will be sued leading to serious legal repercussions. This will lead to termination of my career in accounting. References Alshahrani, S. T., Morley, M. J. (2015). Accounting for variations in the patterns of mobility among conventional and self-initiated expatriates. The International Journal of Human Resource Management, 26(15), 1936-1954. Ball, R. (2013). Accounting informs investors and earnings management is rife: Two questionable beliefs. Blackmore, J., Gribble, C., Rahimi, M. (2017). International education, the formation of capital and graduate employment: Chinese accounting graduates experiences of the Australian labour market. Critical Studies in Education, 58(1), 69-88. Cameron, R. A., O'Leary, C. (2015). Improving ethical attitudes or simply teaching ethical codes? The reality of accounting ethics education. Accounting Education, 24(4), 275-290. Deegan, C. (2013). Financial accounting theory. McGraw-Hill Education Australia. Dumay, J. (2014). Reflections on interdisciplinary accounting research: the state of the art of intellectual capital. Accounting, Auditing Accountability Journal, 27(8), 1257-1264. Gong, J. J. (2017). Ethics in Accounting: A Decision-Making Approach. Nurunnabi, M. (2014). Does accounting regulation matter?: An experience of international financial reporting standards implementation in an emerging country. Research in Accounting Regulation, 26(2), 230-238. Palepu, K. G., Healy, P. M., Peek, E. (2013). Business analysis and valuation: IFRS edition. Cengage Learning. Shawver, T. J., Miller, W. F. (2017). Moral intensity revisited: Measuring the benefit of accounting ethics interventions. Journal of Business Ethics, 141(3), 587-603. Smith, M. (2017). Research methods in accounting. Sage.