Assignment 24"Basic Accounting"

 

Answer these Questions in complete sentences

1.    Why do you think accounting is seen as boring? Explain.

Accounting is considered boring because people associate it with tax obligations, numbers and calculations. They associate it as something that only benefits companies and that anyone can do because it is only about tax calculations and analysis of liabilities and financial assets.

However, accounting covers more and can save money and increase profits.

I think this preconception also starts with financial education in schools, colleges and organizations. Financial topics are usually approached from a mathematical and fiscal point of view, which makes them seen as tedious and boring.

2.    Which of the jobs mentioned would be most interesting for you? Give your reasons.

The job that I found most interesting and important are the government auditors. Auditors maintain and examine the registers of private companies and public organizations in order to ensure that their activities are in compliance with regulations and that they pay the corresponding taxes.

It seems to me an important job since they are in charge of ensuring that income and expenses are made in accordance with government laws and regulations.

3.    Why is it so important for accountants to be ethical? Explain in detail.

Accountants need to be ethical in their practices because they work with confidential data on which the financial health of companies and organizations depend to stay current with their tax obligations.

Without ethical practices, companies could lose clients and trustworthiness, lose investors, and face serious legal repercussions.