Importance of financial accounting standards


Assignment:

There are dozens of accounting and financial membership organizations. Some of these include:

 AICPA              IMA                  IIA                    FEI                   ACFE

 HFMA               IFAC                 NSA                 NATP                SCM

How would membership in one of these organizations benefit you?

Think about what you want to do long term. Do you want to be a general accountant?

Are you interested in a specific industry, such as healthcare? Are you interested in forensic accounting?

How about cost accounting? Auditing? Taxes? Management Accounting?

Select one (1) of the above organizations and write a 1- to 2-page paper in which you:

Identify your long-term goals or the area of accounting/finance you find most interesting.

Explain how the organization you selected could help you achieve your long-term goals or interests.

Describe any activities and/or opportunities that the organization you selected offers that could benefit you now.

Identify activities and/or opportunities that the organization you selected offers that could benefit you in the future.

Determine if there is a student membership price to join the organization you selected. Identify the costs involved and compare student membership rates to regular membership rates.

Your assignment must :

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format.

The specific course learning outcomes associated with this assignment are:

Describe and evaluate the importance of the professional environment of financial accounting, the functions of related organizations such as the SEC, the AICPA, the FASB and its predecessors, and the creation of Financial Accounting Standards, the conceptual framework, and other sources of GAAP.

Use technology and information resources to research issues in intermediate accounting.

Write clearly and concisely about intermediate accounting using proper writing mechanics.

Solution Preview :

Prepared by a verified Expert
Managerial Accounting: Importance of financial accounting standards
Reference No:- TGS02111587

Now Priced at $30 (50% Discount)

Recommended (95%)

Rated (4.7/5)