Matching Items (6)
Description
As an accounting major, I am very interested in society's view of the accountant. The well-known stereotype of accountants is that they are cold, non-sociable, and boring. All types of accountants are often viewed doing bookkeeper work. In reality, different types of accountants all do various types of work. In public accounting specifically, not only are technical skills important, but communication skills, especially verbal, are extremely important. I wanted to research if accounting majors at Arizona State University perceived verbal communication skills as important to the public accounting profession. More specifically, I wanted to see if the perceived importance of these skills would increase as students progressed in school. I surveyed accounting majors and double majors from four different accounting course levels, which are taken in progressive order. Overall, the results were not as significant as I had expected. Across all course levels, students rated verbal communication skills highly. There was a slight increase in the average rating across the courses, but it dropped off at the highest course level. The results of this study may have been influenced by students' past experiences or the way the surveys were designed and/or administered. Despite the fact that the findings did not prove my hypothesis to the degree I had expected, the research and results can still be used to prove that verbal communication skills are a critical part of public accounting and should be integrated more into courses and clubs that accounting majors are involved in.
ContributorsKoch, Kelsi L (Author) / Geiger, Karen (Thesis director) / Levendowski, Glenda (Committee member) / Barrett, The Honors College (Contributor) / School of Accountancy (Contributor) / Hugh Downs School of Human Communication (Contributor)
Created2014-12
Description
In 2014, IASB and FASB published a new revenue recognition standard that will upend the way revenue is recognized on financial statements filed with the SEC. The new standard, ASC 606 \u2014 Revenue from Contracts with Customers, is effective as of December 16, 2017 for all public US GAAP entities and effective for all IFRS entities as of January 1, 2018. All non-public US GAAP entities are required to implement the reporting standards for financial periods following December 16, 2018. The purpose of this new guidance is to shift from industry and transaction specific revenue recognition methods to a framework that enables financial statement users to understand how and when revenue is recognized. As an incoming associate within the audit industry, I decided to analyze the key differences between the new revenue recognition standard with the existing GAAP and IFRS standards. The following research explores the impact on various industries, particularly the real estate industry. ASC 606's impact will vary depending on the industry. In terms of real estate, the industry will experience a moderate impact. The new guidance will likely enable the earlier recognition of revenue in most instances, based on the five-step revenue recognition process laid out by the IASB and FASB. This publication also analyzes the 10-K's of three companies in the real estate industry; Kennedy Wilson Holdings Inc., CBRE Group Inc., and Digital Realty Trust, Inc. Through excerpts from the 10-K's of these companies, readers will gain insights into how real estate companies are preparing for the implementation of ASC 606. With this new revenue recognition standard, financial statement users will be able to better grasp the nature, timing, amount, and uncertainty of revenue recognition, thereby increasing transparency within the public accounting profession.
ContributorsThomas, Kade Anthony (Author) / Shields, David (Thesis director) / Geiger, Karen (Committee member) / School of Accountancy (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
Description
Arizona Microcredit Initiative (AMI) is a student-run nonprofit organization that empowers passionate men and women to start their own companies. Through this project, AMI will continue to fulfill its mission by establishing organizational processes that staff members can reference while making strategic decisions in the future. This project provides detailed information regarding AMI's Founding and History, along with current operations. This information being available to AMI members will allow the team to continue to empower themselves, AMI clients, and the organization as a whole to grow and make a larger impact in the Greater Phoenix community.
ContributorsDodell, Daniel (Co-author) / Schnell, Jennifer (Co-author) / Benesh, Jordan (Co-author) / Levendowski, Glenda (Thesis director) / Geiger, Karen (Committee member) / Department of Supply Chain Management (Contributor) / Department of Finance (Contributor) / School of Accountancy (Contributor) / WPC Graduate Programs (Contributor) / Hugh Downs School of Human Communication (Contributor) / Barrett, The Honors College (Contributor)
Created2014-05
Description
It appears that students have an overall negative perception of accountants due to the negative connotations associated with the profession. The overarching stereotype of an accountant appears to be one of a professional that lacks soft skills but is known to excel at hard skills. After personally working in audit, I do not believe auditors lack the soft skills that stereotypes portray but, in fact, believe they excel at these along with hard skills. It is for this reason that I surveyed undergraduate students at Arizona State University to understand their perceptions of the accounting profession. I also surveyed audit professionals at both EY LLP and the Arizona State Office of the Auditor General to understand the importance of specific traits that a professional auditor would exhibit in their daily job function. After conducting a statistical analysis, I found that the only trait where there was a statistically significant deviation between students' perceptions and professional auditors' realities was with the importance of communication in the profession. Students, on average, rated the importance of communication lower than professional auditors rated this. I also found that there was only a statistically significant deviation in the importance of creativity and volunteerism in students' future industries compared to the importance of these traits in audit, and that there were 10 other traits that did not have a statistically significant deviation. Although this is the case, students, on average, said they would not be willing to take a job in the accounting profession. Yet, it was found that students, on average, have an overall positive opinion about the accounting profession. Although the results disagree in some regards to my hypotheses, this research shows that the importance of communication should be emphasized more in introductory accounting courses. It also can be used to inform students that there is little difference in the importance of specific traits they will exhibit in their future jobs compared to the importance of those in audit.
ContributorsAroz, Connor Alejandro (Author) / Cassidy, Nancy (Thesis director) / Geiger, Karen (Committee member) / School of Accountancy (Contributor) / Department of Supply Chain Management (Contributor) / WPC Graduate Programs (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
This thesis examines the marketing efforts of Arizona Microcredit Initiative (AMI), a 501(c)(3) nonprofit run by Arizona State University students. The mission of AMI is to empower and education underserved entrepreneurs in greater Phoenix through microloans up to $5,000, free consulting and free business education workshops. Included is an analysis of past marketing efforts, research on potential solutions and recommendations for future marketing strategy.
ContributorsNichols, Elizabeth (Author) / Shockley, Gordon (Thesis director) / Geiger, Karen (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Department of Economics (Contributor) / Walter Cronkite School of Journalism and Mass Communication (Contributor) / School of International Letters and Cultures (Contributor) / W. P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2016-12
Description
I conducted research on the three tenants of the Fraud Triangle and the theories that were built from it, allowing me to identify the common reasons why people violate ethical standards and commit fraud. Having evaluated different theories for understanding fraudulent motivations and rationalizations, witnessing current practices in the field of forensic accounting, and analyzing input from peers, I have been able to identify the behind-the-scenes rationales of why people commit financial fraud.
My research proves the importance of teaching individuals behavioral ethics to prevent themselves from entering situations that could lead them to commit fraud. This is an ongoing education that needs to be taught as technology changes and fraud techniques improve. Employees need to be constantly reminded of these key issues. Unfortunately, if individuals never learn to prevent themselves from acting on unknown biases, they could instead be learning the serious legal and financial consequences of their ignorance in behavioral ethics.
ContributorsFavata, Ashley (Author) / Dawson, Gregory (Thesis director) / Geiger, Karen (Committee member) / Barrett, The Honors College (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Department of Information Systems (Contributor) / School of Accountancy (Contributor) / WPC Graduate Programs (Contributor)
Created2022-05