'Relevant Professional Experience' in Managerial Accounting

Article Abstract:

Professors of accounting are often required to acquire professional experience, generally outside experience of sixty weeks every five years which can be divided any number of ways. Management accountants have more difficulty seeking such experience in the industrial world than do the financial accountants in public accounting firms. However, there are benefits that should be pointed out to the industrial firms as well as the accounting professor. The experience requirement can be met in many ways including serving on boards of directors, consulting and internships. Guidelines for a successful internship include developing a relevant, meaningful project that can be completed within a short time. Ideally, the intern should receive a salary of some type and have prior knowledge of the desired project. The workplace provided to the intern should be appropriate. Commitment to the project should be evident by both the firm personnel as well as the professor.

Standards, Teachers, Training, Interns (Business), Business interns, Teacher education

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The Accounting Profession's Experience with Compilation and Review

Article Abstract:

A questionnaire submitted to certified public accountants (CPAs) plus interviews with CPAs to determine response to Statement on Standards for Accounting and Review Services Number One (SSARS No.1) reveals that they support the objective to offer alternatives of a compilation and a review in a nonaudit situation. The compilation requires no opinion or assurance by the auditor whereas in a review, the auditor expresses limited assurance. A majority agreed that independence is a necessity in a review. A discrepancy between requirements per the SSARS and the CPA's opinion on the necessity of an analytical review involving ratio analysis causes concern. Education of the clients, particularly banking personnel, appears necessary as the majority of CPAs feel that bankers do not comprehend the differences between audits, reviews and compilations. Most CPA's supported the SSARS No. 1.

Evaluation, Accounting and auditing, Financial statements, Questionnaires

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Sexual harassment in the workplace: accounting vs. general business

Article Abstract:

The incidence of sexual harassment in the accounting workplace is compared to previous studies of sexual harassment in the general workplace. Results indicate that sexual harassment in the accounting field is prevalent enough to be cause for concern, but is less frequent than in the general workplace. The reasons given for the lower incidence rates of harassment in accounting include: the time lapse between studies on sexual harassment, during which sexual harassment became less likely to be tolerated; the influx of women into the accounting field; and the staid, conservative nature of the accounting profession.

Research, Human resource management, Accounting firms, Accounting services, Sexual harassment, Sex discrimination against women

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