Surely there must have been an occasion when you rushed to your regular doctor and requested for a medical certificate to hoodwink your employer into believing that you were genuinely ill, only to receive the following response: “I apologize but I am unable to meet your request as that would be in violation of my professional ethics”. You may have even offered to pay as an inducement but the doctor remained adamant...
CFO, CEO, Finance Director, Managing Director, Head of Group Strategy etc. These are a handful of the high-level positions held by accountants in 21st century corporations. The accountancy profession is undergoing an exciting metamorphosis, one that does not seem to have an end. Not too long ago, accountants were known as book keepers as they were responsible for maintaining the financial records of the company, a mundane and unattractive task. Not too long ago, accountants played a non value-adding role since the task of reporting what has already been done rarely adds value to the company?...
A former Ernst & Young partner has been given a prison sentence and a fine as a result of passing tips to his stockbroker girlfriend about acquisition targets that were clients of the firm.
The Securities and Exchange Commission (SEC) brought a case in a New York district court against James Gansman, who was an attorney and partner in E&Y’s transaction advisory services group at the US firm...
0001 GMT [Dow Jones] KLCI likely to open higher, taking cue from firmer U.S. stocks overnight, supported further by stronger than expected 2Q GDP (+8.9% on year vs +8.4% predicted by Dow Jones poll) and good earnings, says dealer with local brokerage. "The recent strong buying momentum should continue today with the index likely to test the July 24 pivot high of 1392.18." Tips banking, property stocks to gain on robust economic growth. AirAsia (5099.KU) which reported strong 2Q earnings should also attract buying interest. KLCI ends +0.5% at fresh 30-month high of 1385.51 yesterday.
Myth 1: If you like numbers or counting, you will do extremely well in accounting.
Fact 1: Accounting is more than being ‘bean counters’ or ‘walking calculators’. They do not work out complex mathematical equations or algebraic formulae; those would be the work of mathematicians. Accounting only involves simple additions, subtractions, divisions, multiplication and a few formulas. The catch is getting the right numbers to carry out the calculation. Most accounting work encompasses report writing, analysis of figures and interpretation of the financial state of the company.
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