Purpose: The purpose of this assignment is to reflect upon what you have learned in auditing and to consider what implications your new knowledge may have on your career.
Audience: The audience is you. I will read your reflections but note that I will NOT grade you on anything you say, the ONLY thing I will grade you on is whether you have faithfully responded to the assignment requirements. In other words, as long as you thoughtfully address the requirements, there is no way not to earn a perfect score.
Now that you have reached the end of your accounting major coursework and this auditing class, write a memo that analyzes the accounting profession, its opportunities, and your goals, skills, and career desires by:
1. Discuss pros and cons of each career track you identify (please identify at least three career track opportunities- for example, Internal Auditor, Fraud Lawyer, CFO, etc.).
a. These do not need to be accounting-based. Naturally, many of the accounting things you have learned will help you in non-accounting careers.
2. Identify which track you are most interested in starting your career in, explaining the characteristics that appeal to you and the skills you possess that make it a good fit for you.
3. Identify personal weaknesses that you will need to improve for advancement in the track you selected. (Everybody has weaknesses! The road to perfection is always under construction).
4. Contrast the track you selected with at least two other career tracks, explaining why you did not choose them and potential opportunities you will be giving up to pursue your chosen track.
5. Create a table that contains:
a. Your predicted starting salary for your predicted starting position.
b. Your predicted earnings for each of the next 5 years.
i. If you plan to attend graduate school, simply put “Graduate Work” in the respective year(s).
c. Your predicted salary at year 10, 15, 20 and 25.
i. If you plan to retire by any specific point, simply disclose “Retired” for that point and those beyond.
6. Discuss your strategy for landing your selected career track. In other words, how will you go about gaining the starting position that you discussed above? If you are undecided on the career track you want to start, instead discuss your strategy for determining how you will identify where you want to start your accounting career.
7. What else needs to be said that you haven’t said elsewhere? This is your chance to say anything that comes to mind
Does Poverty exist in contemporary Britain? The response to this inquiry depends to an expansive degree on how destitution is characterized and estimated. It is, in the same way as other sociological issues, a 'basically challenged idea' and all things considered, there has been much discussion around what precisely establishes neediness. Nonetheless, notwithstanding tolerating that destitution itself means diverse things to various individuals, it can in any case be contended that neediness or in fact 'poverties' are a genuine issue in Britain today which should be tended to by government and society so as to enhance correspondence in our general public. By what method would it be a good idea for us to characterize destitution? It is valuable right off the bat to allude to some broadly utilized definitions. Charles Booth writing in 1889 was one of the first to investigate the zone of neediness when he distributed a work demonstrating that 33% of Londoners were living in desperate destitution. By 'destitution' he was alluding to an 'absence of essential necessities to continue a physically sound presence [and] adequate sustenance and safe house to make conceivable the physically effective working of the body' (refered to in Giddens, 2001, p236). This is alluded to as subsistence neediness truly not having the way to endure. Benjamin Rowntree alluded to essential destitution and optional neediness. By essential destitution he implied the individuals who were not able manage the cost of a crate of necessities for 'simply physical proficiency'. Auxiliary destitution alluded to the individuals who had more salary than those living in essential neediness however who still endured destitution ways of life. (refered to Flaherty et al 2004, p16) Another generally cited meaning of destitution is Townsend's. In 1979 he expressed, 'People, families and gatherings in the populace can be said to be in neediness when they do not have the assets to acquire the kinds of eating routine, take an interest in the exercises and have the living conditions and luxuries which are standard, or are in any event broadly perceived or affirmed, social orders to which they have a place. Their assets are so truly beneath those told by the normal individual or family that they are as a result, barred from customary living examples, traditions and exercises' (refered to Flaherty et al, 2004, p17). While the World Bank depicted destitution as 'the failure to accomplish an insignificant way of life', the UN characterizes neediness as pursues: 'Neediness has different indications including absence of pay and profitable assets to guarantee supportable occupations; craving and hunger; sick wellbeing; constrained or absence of access to training and other fundamental administrations; expanded horribleness and mortality from disease; vagrancy and lacking lodging; dangerous conditions and social separation and rejection. It is additionally described by absence of cooperation in basic leadership and in common, social and social life. It happens in all nations: as mass neediness in many creating nations, pockets of neediness in the midst of riches in created nations, loss of occupations because of financial subsidence, sudden destitution because of debacle or strife, the destitution y of low-wage specialists, and the articulate dejection of individuals who fall outside family emotionally supportive networks, foundations and wellbeing nets' (Flaherty et al 2004, p13). From this scope of definitions can be seen the contrast among outright and relative destitution. Outright destitution depends on the thought of subsistence which in itself is characterized as the base sum expected to continue life. As Alcock calls attention to notwithstanding, it is a logical inconsistency to state somebody is living underneath subsistence levels since, in what capacity can those without enough to live on, live? (1997, p68) The appropriate response obviously is that they don't or if nothing else not for long. Conversely relative neediness is, in Alcock's words, 'a more emotional or social standard' (1997, p69). This is the destitution which Townsend alludes to where neediness and hardship are made a decision with regards to the general public in which an individual lives. Townsend additionally saw destitution regarding how it influenced a person's capacity to participate in social exercises. From this the idea of social rejection was produced and meanings of destitution expanded to incorporate different sorts of hardship. Townsend built up a hardship record dependent on things which he saw as important to the entire of society and utilized these alongside pay levels to gauge hardship. Notwithstanding, there are a few challenges with this methodology. For instance as Baldock et al bring up, where one of the hardship pointers was not eating cooked dinners, a few people may like to eat servings of mixed greens and sandwiches from decision. (Baldock et al 2003, p119) Therefore it is hard to separate where in a few occasions individuals may be without what Townsend viewed as a need. Mack and Lansley further built up Townsend's work by concocting a 'consensual methodology top neediness.' They asked respondents what they considered as necessities and from this input they quantified destitution which they characterized significantly as 'an authorized absence of socially seen necessities' (refered to in Baldock et al p119). By alluding to 'socially seen necessities' they abstained from making decisions on what comprised necessities. The troubles with subsistence ways to deal with neediness is that it is unavoidable that sooner or later a discretionary choice should be made about what precisely is required for subsistence. Then again, the issue with the general proportion of destitution is that where a general public may have a little area of to a great degree affluent individuals, the dimension of what is viewed as neediness moderately might be misleadingly high. For our motivations, it is simpler to work with Sen's statement that 'on the off chance that there is starvation and craving, regardless of what the relative picture looks like there plainly is destitution' (refered to Flaherty et al 2004, p17). Anyway it is estimated, obviously destitution exists and is notwithstanding turning into a more intense issue in contemporary Britain. Flaherty et al refer to insights which uncover that somewhere in the range of 1979 and 2001/2 the quantities of individuals living in family units with beneath 60% of the middle pay in the wake of lodging costs ascended from 7.1 million to 12.5 million, that is, from 13% of the populace to 22% of the populace (2004, p31). About 33% of youngsters in the UK live in neediness and this figure is much higher in Northern Ireland. In March 2003, 7.6 million British individuals were living on the wellbeing net of advantages of pay bolster or the jobseeker's remittance. By the mid nineties, Britain's kid destitution rates were third just to the USA and Russia (2004, p69). The measure used to decide destitution by the British government depends on the Household Below Average Income Statistics. The HBAI takes a gander at information along various pay limits. The 60% of middle pay subsequent to lodging costs, balanced for family estimate, is an estimation apparatus utilized as an intermediary for money destitution. As Flaherty et al state, 'it is an unequivocally 'relative' measure which sees how individuals at the base of the salary dispersion have fared in connection to the middle' (2004, p31). And also being utilized by the British government, it is likewise the feature pointer utilized by the European association to decide the individuals who are in danger of neediness. In spite of the fact that the destitution we allude to here is to a great extent to do with salary and having the fundamental necessities in life-the term neediness is additionally used to portray individuals who are passing up components of public activity which might be viewed as critical by others. For instance, social neediness or instructive destitution. While training is acknowledged as a fundamental human right, not having an instruction does not really imply that a man can't carry on with a sound and cheerful life, though not having nourishment and warmth does. These poverties may be all the more relevantly portrayed as far as social avoidance. Blakemore features the contrasts between social rejection and neediness. Right off the bat, social prohibition centers around connections to society as opposed to material assets. Furthermore social prohibition regularly alludes to avoidance from instructive chances or from the work showcase. Thirdly, solutions for social avoidance are unique in relation to those for destitution (2003, p85) What sort of individuals are in danger from destitution? While it would appear to be normal to expect that jobless individuals would be most in danger, this isn't the situation. Bilton et al (2002) diagram which bunches o individuals are bound to endure neediness and affirm, 'it is individuals in low-paid, unreliable work who establish the greater part of those beneath the pay destitution line.' The second biggest gathering of individuals prone to endure destitution are the elderly. 'since future has expanded, before retirement has turned out to be more typical and state benefits have lessened in genuine terms, the elderly include an ever bigger area of poor people. Unequal life chances proceed through maturity.' Another gathering in danger are solitary parent families and albeit less normal, substantial families. Furthermore the individuals who are wiped out or incapacitated are likewise more defenseless against poverty(Bilton et al 2002, pp78-79). Millar contended in 1993 that three elements have added to the development of neediness: a huge dimension of joblessness; the expansion in low-paid work; the development of 'dubious' or 'adaptable' business (refered to Bilton, 2002, p79). Such business designs will in general advance benefit and lift the economy however the drawback is that defenseless specialists particularly in incompetent occupations, are deficient in employer stability and every one of the advantages that brings. Another inquiry which must be asked is whether it is conceivable to escape destitution. This relies upon social versatility which Giddens characterizes as 'the developments of people and gatherings between various financial positions' (2001, p229). The proof appears to recommend that while those most in danger of neediness might probably dependably be powerless against outrageous destitution, numerous individuals endure standard times of momentary neediness. As Jenkins et al detail>GET ANSWER