Question

an essay that explains the differences between working in public

accounting versus private/corporate accounting and includes a discussion of your personal career goals and

interests. Topic CASH

Explains the differences based in this topic

Answer 1

Honestly there is no difference as far as accounting cash is concerned between public accounting and corporate or private accounting. The accountant has the responsibility to correctly record the transactions effected in cash to ensure there is proper record available about the cash receipts and payments readily. This will help the management, both in public organization as well as the management in private or corporate organization, to assess the cash position and how the cash has been spent and earned in a particular period. It is the responsibility of the accountant to ensure each transaction has been summarized, classified and recorded properly in the books of accounts without any error. Cash is an integral part of the business as well as that of the financial statements. Thus, it is important to ensure that cash is correctly reported in the books of accounts and in the resultant financial statements and in order to achieve that the accountant whether working public accounting or private or corporate accounting must do his or her job properly.

It is life-long goal of mine to be an excellent accountant to help the institutions and organizations to correctly prepare the books of accounts to ensure these record each and every single transaction properly. The financial statements prepared from such books of accounts will reflect the true and correct financial performance and position of such organizations. In order to be an excellent accountant it is important to learn accounting properly and concentrate on my study. Hopefully in the future I will be able to achieve the goal of mine by becoming a qualified professional accountant.