WELCOME TO OUR PRESENTATION

- Group 1 –
TOPIC: ADVANTAGES AND DISADVANTAGES OF
BEING AN ACCOUNTANT
Member of Group 1
1 Hoàng Thanh Hà An – 19D170001

2 Lê Thị Lan Anh - 19D170281

3 Nguyễn Thị Phương Anh-19D170283

4 Lê Thị Mai Anh - 19D170072

5 Nguyễn Thị Mai Anh - 19D170143

 TABLE OF CONTENTS
II - The pros of
Definition of
I- Introduction
accountant III - being an
accountant

The cons of being an

IV - accountant V- Practice exercise VI - Conclusion
I. Introduction
II. Definition of an accountant
Definition?

oversees

interprets financial
records
analytical and bookkeeping
functions

-> A->Certified
An accountant
Public is a person whose
Accountant (CPA)job is accountant
is an to keep or check financial
who has passed the CPA
accounts.
exam and has met state licensing requirements. the Oxford Dictionary
-> The most common tasks and responsibilities of accountants:

• Ensuring the accuracy of financial documents

• Preparing and maintaining important financial reports
• Preparing tax returns and ensuring that taxes are paid properly
and on time
• Evaluating financial operations
• Offering guidance on cost reduction, revenue enhancement, and
profit maximization
• Conducting forecasting and risk analysis assessments
 * Skills of a successful accountant:

Attention to detail Computer literacy

Analytical skills
Business acumen

Communication skills Mathematical skills

III. The pros of being an accountant
1. High demand
A necessity around the globe in a variety of fields

Growth of 13% in accounting jobs through 2020

■ 80% U.S. businesses

poor financial
fail within the first 18
management
months
2. Career diversity
Variety of career options

Small firm or Government, the

coropration private sector

Start their own company

 3. Competitive & High salary
depending on industry and
location

earn six figures highest salary for

women

median annual wage > national median average

4. Wide-based knowledge

Accounting is a business language

Accountant have a better understanding of finances

had to pass many difficult subjects to gain a wide

array of knowledge
e.g. micro and macroeconomics, business and tax law, corporate finance,
....

be flexible in a variety of scenarios

e.g. decide stock to invest, filling the annual taxes
 Business Presentation

5. Entrepreneurial potential

They use the contacts after They posses their Certified

years of networking Public Accountant (CPA)
license can open their own
businesses
 Business Presentation

Phil Knight
Co - founder of Nike

"I did seem to hire nothing but accountants and

lawyers to lead the company in early days"
( Shoe Dog, published in 2016)
IV. The cons of being an accountant
 Stressful work because of high quality requirements

be able to
multitask
be able to do all be careful and
the work precise

withstand work be able to work

pressure overtime
Dramatic pay for mistakes

Accounting faces with errors related to legal issues.

Wrong accounting profession cannot be corrected but must be paid with one
or the other: fines for damages, salary reduction, dismissal and even
criminal prosecution.

Difficulties are not only encountered by newcomers but also by those who
have worked for many years.
 The provisions of Article 221 of the Penal Code 2015
Forgery, perjury, agreeing or
forcing others to forge, make false
statements or erase accounting
documents
Causing damage from
300,000,000 VND to under
1,000,000,000 VND
Causing damage of VND
1,000,000,000 or more.
non-custodial reform for up to 3
years or a prison term of between
1 year and 5 years
be sentenced to between 3 and 12
years of imprisonment
be sentenced to between 10 years
and 20 years of imprisonment
The ability to quickly update information.

Accountants must meet the standards of professional and professional competence.

An accountant must regularly monitor and update the changes of the legal document
system.

They feel like they are studying law with a 2nd degree.
 A dangerous profession

Accountants always face many temptations (to circumvent the law and break the
law to benefit an individual or an organization).

The reason here mostly stems from coercion and seduction from superiors or
colleagues.
But, sometimes they also lack integrity to overcome.
V. Practice exercise
Answering the questions by choosing the correct answer
1. What are the duties and responsibilities
of an accountant?

A. Prepare budgets B. Enter transactions and

reconcile account balances

C. Prepare accurate work D. All the correct

papers, schedules, and
reconciliations for audit
purposes
2. What is an accountant?
A. Defined as the on-site verification activity, such as
inspection or examination, of a process or quality system, to
ensure compliance to requirements. An audit can apply to an
entire organization or might be specific to a function, process,
or production step.

B. A person whose job is to keep, inspect, and analyse financial

accounts.
3. On average, Is the salary of the accounting
profession high or low ?

A. High B. Low
4. Which one of these statements are true?

A Accountants are required to be able to multitask, be careful

and precise, withstand work pressure, and be able to work
overtime a lot.

B Accountants are paid a pretty good salary right after they

get a job.

C The accounting profession often faces risks related to

financial problems

D A & C are true

5. What does “CPA” stands for?

Answer: Certified Public Accountant is a designation provided to

licensed accounting professionals.
6. How many skills of successful accountant that
we mentioned in the presentation?

A. 4 B. 5

C. 6 D. 7
7. How many pros of being an accountant that we
mentioned in the presentation?

A. 3 B. 4

C. 5 D. 6
8. How many cons of being an accountant that we
mentioned in the presentation?

A. 4 B. 5

C. 6 D. 7
9. What does “CMA” stands for?

Answer: Certified Management Accountant

10. What does “CIA” stands for?

Answer: Certified Internal Auditor

VI. Conclusion