01-01task Role of Accounting

School: Troy University, Troy - Course: SCI 2204 - Subject: Accounting

1.01 Role of Accounting Total Points: 46 In this lesson you have learned a little bit about what it means to have an exciting career as an accountant. Just by successfully completing this class, you might be able to get a job as a basic bookkeeper or data-entry clerk. Most professional accountants go on and get a degree in accounting; and if they really want to advance in their field, they will take the CPA exam to become a Certified Public Accountant. Big accounting firms are always looking for college graduates for their internship programs, and these accounting firms will visit major colleges to recruit accounting students. Use the links on the task page when answering the following questions. 1. Known as the 'Big 4', these firms completely dominate the accounting industry, auditing most of the publicly traded companies. Go to the Big 4 Accounting Firms website and list the "Big 4 Accounting Firms". 1.Deloitte 2.PricewaterhouseCoopers (PwC) 3.Ernst & Young (EY) 4.Klynveld Peat Marwick Goerdeler (KPMG) 2. Good pay, great perks, and they have job openings. Each year Fortune Magazine publishes a list of the top 100 places to work. Look at Fortune's top 100 companies to work for to see how many of the Big 4 accounting firms you can find. List them below. Deloitte ,PricewaterhouseCoopers ( PwC ) , Klynveld Peat Marwick Goerdeler ( KPMG ),and Ernst & Young (EY) 3. Whatever your interest, you can turn it into a career in accounting. Go to the AICPA website, look at the section just for high school students. Select an interest area to see how accounting can take you there and read those career options. Which interest area did you select? Law enforcement agencies 4. Define the cyber crimes listed below: a. Business email compromise: a lot of people use email to rely on the conduct of © ACCESS Virtual Learning 2018

business for personal, and professional. It's one of the most financially damaging online crimes. b. Ransomware: a type of software or Malware that prevents you from accessing your computer files, system, or network. It demands you to pay a ransom to receive it back. c. Spoofing/phishing: Schemes aimed to trick you into providing sensitive information to the scammers. 5. How are a merger and an acquisition similar? They are similar because thy both started a new business. 6. How are a merger and an acquisition different? Mergers are two companies mutually benefit from each other but acquisitions are where the purchased company gets fully by the acquiring company.