Accounting Internship Experience   Term Paper ID:42917 Click to get this paper

Essay Subject: This paper describes a CPA internship discussing how the experience might be different in ...... More...

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Paper Abstract: This paper describes a CPA internship, discussing how the experience might be different in other countries and how the internship helped the intern grow professionally. Paper Introduction: Internship Experience of an Accountant As an intern in a CPA accounting firm the intern\'s general duties andresponsibilities included bookkeeping and accounting preparing tax returnsfor individuals and businesses and occasional research assignments A CPAaccounting firm is comprised of certified public accountants CPAs thatprovides professional accounting services to its clients which can be bothindividuals and companies The general experience of an accountant in a CPA accounting firm isvaried Accountants may work on bookkeeping or accounting tasks during themajority of the year and then Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. Organizational structures tend to bemore hierarchical in other countries, as well, and following the chain ofcommand is more essential. They are also more concerned withhierarchy and business titles than U.S. Accountants may work on bookkeeping or accounting tasks during themajority of the year and then be shifted to tax return preparation duringthe hectic tax season. The lack of supporting clientpaperwork was one of the key issues in preparing tax returns and it madethe tax season more difficult for both the firm's employees and theclients. Even more importantly, coworkers have taught himhow and where to obtain information needed on the job, and he has developeda set of resources that he can consult when information is needed. Cultural differences are one of the primary differentiators. Some clients weretaking virtually none of the deductions to which they were entitled, whileothers were claiming deductions that they had no documentation for or thatthey were not legally allowed to claim. Employees in Asian countries are expected todevote themselves fully to their careers, working long hours at no extrapay, while clients in Europe and Asia are treated with great deference. They may indicate agreement and yetactually disagree, for example. He developed greatercompetence and confidence because of the experience and will go on to hisfirst job with a higher skill level and a reservoir of successfulapproaches, insights, and solutions that will serve him well. A CPAaccounting firm is comprised of certified public accountants (CPAs) thatprovides professional accounting services to its clients, which can be bothindividuals and companies. This experience will provide an excellentbackground for a future career in accounting, not only boosting the levelof professional skills but also acquainting the intern with a variety ofproblems and solutions that are likely to be encountered in the future. Aprominent difference between American businesses and European businesses isthat Americans are freer to speak openly on the job, while in Europeancompanies they are expected to do as they are told and not to expressdissatisfaction. Internship Experience of an Accountant As an intern in a CPA accounting firm, the intern's general duties andresponsibilities included bookkeeping and accounting, preparing tax returnsfor individuals and businesses, and occasional research assignments. Inaddition, observation of the types of clients that the firm served and themanner in which each of their business needs was handled provided anexcellent education on the career of a CPA. Personally, the intern has gained expertise in bothbasic and more advanced accounting functions and has learned how a CPAaccounting firm works. company may be quite differentfrom the situation that would be encountered in a European or othercountry. Inaddition, Asian businesspeople are less open and straightforward in theircommunication and it is necessary to listen carefully and watch their bodylanguage to understand what they mean. Ina country such as France, for example, the need for punctuality is lowerthan it is in the U.S., where everyone is expected to be at work and inmeetings on time. The general experience of an accountant in a CPA accounting firm isvaried. Taxes, in particular, are anarea that the CPA must diligently monitor, because most clients are notknowledgeable about taxes and tend to make erroneous assumptions about whattypes of things they can and cannot legally deduct. In Asian countries such as China and Japan, a great dealmore importance is placed upon developing relationships with clients. The internship experience in a U.S. The intern learned about thetypes of problems that clients typically bring into the CPA firm forresolution and the types of issues that are typically associated withclients' records for accounting and taxes. This internship has had a powerful impact on the intern's personal andprofessional views. This internship experience enabled the intern to grow overall in apositive way because it gave him a taste of a real CPA job and exposure tothe many problems and solutions associated with it. businesspeople are and Asianclients of a certain caliber and stature may not be willing to do businesswith an intern or a beginning CPA. If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.