Wednesday, December 19, 2018
'Admission to the Masters of Accounting Program\r'
'1. The get the hang of report programme requires team upwork and snuff itership skills. Please lend oneself examples from your past that illustrate your abilities in both these beas and yield how youââ¬â¢ve applied them.I receive faced a physical body of knotty situations in life. On one occasion, I was working with the ADA or the American Diabetes Association. We worked as two groups and our principal labor was to count and accord the checks, cash and credit card donations, which used to move in in large quantities. One day an elder man joined our team. Then our troubles started. Till that era we had worked without any mutual misgivings or bickering. With the advent of this person, our condemnation schedules and social occasions went haywire.I studied the situation and realized that all this was out-of-pocket to his reluctance to follow the established procedure. Every one, in both the groups, was compelled to go home late, due to this personââ¬â¢s obduracy . All felt that he should be suitably reprimanded, further no one was volition to undertake this unpleasant task. The question that was foremost on every oneââ¬â¢s mind was ââ¬Ëwho would gong the cat?ââ¬â¢ I jumped into the fray and gently but firmly convinced him that what he was doing was unacceptable. He was skilful with this way of communication, because I had talked to him in private, so that his gazump was not hurt. This had the desired effect and we were able to release the work in time.In addition, I was also the secretarial assistant of the African Cultural Society. I was instrumental in homework and implementing the IREP Africa program at the College of William & Mary. This task entailed coordination in the midst of and interaction with a number of checkmate students, faculty and departments. I emerged much stronger as a coordinator, facilitator and administrator after this novel experience. The professed objective of this program was to unite Africa n student organizations in Virginia and to amend their relations with each other.àI actively participated in several campaigns to raise funds for the underprivileged in Africa and one of them was in respect of p everywherety laid low(p) women of Uganda.A successful and efficient accountant is one who is reliable, thorough, ingenious, a seeker of solutions, well organized and performance oriented. Of these the most important is trustworthiness, because accountants, in addition to their usual work, demand to offer reliable advice regarding the conduct of chore in the present day economic and legal context. Moreover, if chronicle standards are not adhered to, then the company stands the encounter of having to close down. The Sarbanes Oxley Act was enacted in the year 2002, in order to deal with such eventualities.Another important sign of an accountant is attention to detail. I possess this in ample measure. This fact was disclosed in my tenure as the treasurer of the Afric an Cultural Society, between the years 2006 to 2007; and as the Vice President of the Syndicate. In these tasks, I maintained authentic and comprehensive fiscal records. I reviewed the internal financial controls and ensured that the organizationââ¬â¢s moneys were safe. This club has a number of advantages and I took up aggressive marketing to ensure that its membership increased.The miss of ethical and moral accounting practices in business organizations emergences in financial guiles. This was clearly established in the following cases.In the year 2001, Enron announced a win loss of $ 618 million for its third quarter and that it would slash the shareholdersââ¬â¢ equity by $ 1.2 billion. The SEC immediately stepped in and demanded financial information from Enron. The Enron team of Auditorââ¬â¢s lead by their leader Anderson systematically undone a large number of financial documents. Subsequently, the Enron officials and its auditors were aerated and convicted of f raud.This company had engaged in malpractices relating to financial accounting, with the result that the company became bankrupt. To conceal its malafide practices, this company indulged in abstruse accounting practices. This illustrates the fact that accounting has to be ethical, right-down and morally upright. The consequence of the Enron case was that the law relating to method of accounting was made more stringent. However, more than even lawmaking; personal attitude, morality and ethical behavior should have greater influence.WorldCom was another company, which also attempted to camouflage its dishonest activities by resorting to fudging of figures and falsification of financial reports. The procedure adopted by its accountants was less sophisticated than that of the Enron team; nevertheless, it committed a much greater fraud than Enron. However, these cases were not isolated incidents and proved to be unless the tip of the iceberg. Several more such fraudulent corporati ons were investigated by the Federal and state regulators. The principal among these are Adelphia, HealthSouth and Tyco, to name a few.I have a wizardry for lead and I often volunteer to lead in various academic projects. Recently, I took over the reins of project, involving the formulation of a business plan to be presented to the board of directors. This project emerged as a Brobdingnagian success, despite the difficulties encountered, due to having to lead a team of peers. The team comprised of persons with different temperaments and it required a weed of innovativeness and ingenuity to extract the best from them.I have atrocious patience, as can be attested to by the students of the second grade, whom I teach as a volunteer teacher in the Waller Mill uncomplicated school, in Williamsburg. The foregoing incidents from my life reveal that I possess a high level of integrity, reliability, planning and implementing capacity, motivational skills, inspiration, ability to work in a team and patience.2. àWhat are you hoping to achieve during your studies in the MAcc chopine?I will complete my Bachelorââ¬â¢s degree in accounting by the month of May, 2008. Subsequently, I intend to pursue the Masters of Accounting Program at the College of William and Marys School of Business. This course is really outstanding and the faculty is the third best in the nation. Classes are typically small and informal. The emphasis is on acquiring expertise. The faculty is easily accessible, if one wants to get through doubts. In conjunction with my considerable management and leadership skills, this knowledge in accountancy will give me highly suitable for obtaining the Certified Public restrainer license. My principal objective is to become a CPA.\r\n'
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