Question

In: Accounting

Choose an accounting specialization (i.e., accountant, financial analyst, budget analyst, auditor, etc.) that is of interest...

Choose an accounting specialization (i.e., accountant, financial analyst, budget analyst, auditor, etc.) that is of interest to you. List and describe three skills or traits that you think would be desirable of someone in that type of position. Try to think of skills or traits that would benefit the organization and/or would be of value to management. Describe how you would illustrate to perspective employers that you have those skills or traits.

Solutions

Expert Solution

I will choose the accounting specialization of an auditor

The three skills that would be desirable for an auditor are as follows:

-Self motivation and confidence:

An auditor should be a self starter and dive into the intricate details of the working of an organization on his own. He should be confident in his conduct and leave a good impression on the client.

-Attention to detail:

An auditor reports to both the external and internal stakeholders of an organization. Thus, accurate reporting is of utmost importance. To make sure that data reported is accurate, attention to the miniscule details is extremely important.

- Problem solving skills:

An auditor works both in a team and as an individual contributor. There will be many times where no one will be available to guide the auditor as an individual or the auditor will have to guide the team. Problem solving skills are extremely important in this regard.

The skills that would be desirable to the management can be as described below:

-Communication skills-

As part of the auditor's responsibility involves reporting, good communication skills are a necessary pre-requisite for the role.

-Business acumen-

An auditor has to add value to the organization. This can only be possible if he has a thorough understanding of the business.

To illustrate that I have good communication skills, I would speak fluently, precisely and to the point in an interview and try to come across as an eloquent person. Before meeting a prospective employer, I would study the financial statements of the company to understand the business and background and thus showcase my business acumen.


Related Solutions

• Apart from an accountant in an accounting firm or an auditor, what other professional roles...
• Apart from an accountant in an accounting firm or an auditor, what other professional roles are available and what are their responsibilities in an organisation?
Mr. Khan working as an accountant presented a financial statement to the auditor at the end...
Mr. Khan working as an accountant presented a financial statement to the auditor at the end of the year. There is no supporting document for petty cash disbursement. Some staff who are separated but still their names appear in the payroll and the attendance sheet is signed by the supervisor at site. He reported the case to the owner of the company and then they will investigate.                           Based upon the scenario: 1. Design a proper audit investigation process that...
You are a financial auditor who works in one of the public accountant firm. You are...
You are a financial auditor who works in one of the public accountant firm. You are assigned by your partner to audit a client. This client listed in stock market which uses IFRS as the accounting standard. This client is a distribution company which product is home appliances. Clients sell goods to retail stores, both modern and traditional home appliances. The following are the things that you encounter when auditing that client: a) The client has 10 (ten) operational vehicles...
You are a financial auditor who works in one of the public accountant firm. You are...
You are a financial auditor who works in one of the public accountant firm. You are assigned by your partner to audit a client. This client listed in stock market which uses IFRS as the accounting standard. This client is a distribution company which product is home appliances. Clients sell goods to retail stores, both modern and traditional home appliances. The following are the things that you encounter when auditing that client: a) The client has 10 (ten) operational vehicles...
Choose an area of the Accounting Profession (i.e. Public Accounting, Taxation, Managerial Accounting, Payroll, Controller (General...
Choose an area of the Accounting Profession (i.e. Public Accounting, Taxation, Managerial Accounting, Payroll, Controller (General Ledger/payables), Government Accountant, Bookkeeper, or any other area of Accounting) and write a two page paper to me describing the following: -Description of the area -any certifications available or required -typical duties and responsibilities -career prospects -educational requirements -why you chose the area The paper will be graded on content, spelling, grammar, and originality
Discuss a financial ratio, its primary users (i.e., management, creditors, investors, etc.) and what the financial...
Discuss a financial ratio, its primary users (i.e., management, creditors, investors, etc.) and what the financial ratio indicates
In auditing a firm's financial statements, an auditor will assess the operating effectiveness of the accounting...
In auditing a firm's financial statements, an auditor will assess the operating effectiveness of the accounting system. The auditor frequently relies on a random sample of actual transactions. Use Excel to select a random sample of 5 transactions from the list below. 3/09/19 Dillon's #9056 $19.91 3/10/19 Attitudes Dancewear $73.88 3/10/19 Dillon's #9056 $13.75 3/15/19 Apl*iTunes $3.98 3/17/19 Dillon's #0056 $27.83 3/18/19 Dillon's #0056 $4.27 3/19/19 Dillon's #0042 $35.75 3/19/19 Dillon's #0042 $6.06 3/19/19 QT 389 $10.71 3/19/19 WM Supercenter...
Sam Smith has been working as a budget financial analyst in the controllers department of a...
Sam Smith has been working as a budget financial analyst in the controllers department of a large, publicly-held consumer products company for several months. He is very proud of the fact that he was able to land a good entry-level position at a well known global company.  During his first review, Sam's manager, Lynn, told him that he is meeting and regularly exceeding expectations and that she is very optimistic about his prospects with the company. Several days later, Sam was...
Why do companies need financial accounting, based on the difference between accountant and financial officer?
Why do companies need financial accounting, based on the difference between accountant and financial officer?
1. Choose a country that has adopted IFRSs (i.e. global accounting standards) for at least 3...
1. Choose a country that has adopted IFRSs (i.e. global accounting standards) for at least 3 or more years, as revealed in the accounting literature, and discuss the following: I. In what year did the country adopt IFRSs? II. Were the IFRSs introduced all together (at once), or gradually into the local accounting standards of your chosen country? Explain the possible reason. III. Discuss the benefits and challenges reported in the literature about the adoption of IFRSs in your chosen...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT