Accounting Company

Section A: Co-operate Education Role

Brief Overview of the Accounting Company and the Roles I will be Performing

Having trained as a certified accountant, my company schooling placement agency will be the JL Partners Chartered Accountants in New Zealand. The institution is still thriving, and by the moment, it has a whole of 9 people plus a comparable quantity in their single branch. As an accounting firm, the group gives the commerce advisory facilities to the customers based totally on their financial positions and their expected venture. Also, a reputed auditing is typical in the institution that reflects the worldwide popular (IAS). Additionally, the company gives professional accounting and tax compilation platforms.

 During the duration of co-operating schooling placement, I will betasked with various roles that will enable me to advance on the proficiencies. Among the chores that I will be subjected to in the institution will incorporate taking part in making the financial statements and tax returns. According to De Simone, Ege & Stomberg (2017), accountants must periodically maintain the monetary info to the institutions while performing the levies-related tasks like PAYE calculations. On the other hand, I will be conducting the general administration works, office filing of relevant documents. Notably, the functions will be possible with the help of organization’s software such as the MYOB AO, MYOB essential, and the XERO.

Linking The Knowledge from the Major and the Tasks

Apparently, the success during the co-operate education placement period will be exacerbated with my initial accounting knowledge. The proficiency introduced me to various concepts, theories, and frameworks that will be very much vital for the prosperity. For instance, the management frame works like classical model enables managers to conduct their administrative roles by ensuring that they are well organized in duties by carrying out the tasks in time (Stretton, 2015). Additionally, the platform gives an insight into proper time management and division of labor. As well, financial accounting, the auditing, and book-keeping proficiencies will facilitate office filing, financial statement and other tax related preparation and reporting tasks. The concept of accounting for decision making in conjunction with the Mathematical analyses informs the accountants’ verdicts on fiscal matters (Kokina, Pachamanova & Corbett, 2017). Therefore, I will be able to make the sound judgments and advise the clients accordingly.

The Value My Roles and Personal Attributes Will Bring to the Organization

The organized nature that I have will be in harmony with the administrative duty. That will be of benefit to the institution since there will be able a safe and well arrangement of the vital records for easier retrieval. Likewise, the focused and flexible nature will enable me to learn how to use the software like the MYOB AO, MYOB essential, and XERO to perform PAYE services, tax compilation, and financial reporting. In practice, there will be a timely accomplishment of the duties of the establishment. Also, the keenness and knowledgeable exclusiveness will make me maintain the accuracy in GST preparations, and financial records are keeping. As a result, the establishment will incur a minimum cost in hiring the external assessors.

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Part B: Professional Identity

Goals for Development During Work Placement

Jung’s Personality Test. From the Jung’s personality test, my character is ISFP type. According to Erdei et al. (2014), the ISFP is usually action oriented persons who undertake the practical application of things as opposed to having a merely theoretical knowledge. In this, I will be in a position of putting in place the previous models, concepts, and accounting skills to perform my assigned duties during the co-operate placement regime. Besides, I will make a sound, impartial financial decisions based on the genuine and professional analysis as opposed to the partial judgment. Also, ISFP s are perceptive and aware of others (Erdei et al., 2014). The tendency will enable for mutual understanding and collaboration with my colleagues while at work.

Goal 1: Working Productively With Others to Make Productive Contributions

To co-exist and make a productive goal with my colleagues, one needs to be cautious and aware of others (Erdei et al., 2014). The aspect involves gathering the relevant info about individuals and trying to understand them including respecting their perceptions. Apparently, the facet of being perceptive of others would result in harmony and collaboration at the workplace. People interact freely without complaints having learned from their colleagues. Therefore, the relationship at the workplace would be enhanced to realize the valuable outcome of services.

Strengths and Weaknesses in Relation to the Aspect

In the context of perceptive and grand awareness of others, my strengths include; intelligent approaching skills, competence in the official languages that are required at work, slowness to anger, and intelligence in anticipating the psychological status of individuals. However, I have the weakness of having a limited conversation while performing a crucial task that requires more attention.

My Goal

By the end of the cooperative education session, I will be able to manage myself effectively. Notably, this will involve a step in managing time. To attain the forecast, the Time Management Strategies for CPAs and Book Keepers of the Future framework directs all the accountants to automate their work including quick books and focus on the single most important issues (Amato et al., 2014). Because JL Partners uses computers to perform every function, I will explore the avenue and begin with the most demanding tasks every morning. In ascertaining the achievement of the aim, I will be taking daily records on the ending time of the day-to-day operations.

Goal 2: To Work With One’s Own and Other Cultures and Diverse Perspectives in the Professional Settings

Adaptability aspect will enable me to achieve both personal and varied culture in the professional setting. While every institution has different values, I will struggle to emulate the positive behavior and activities during the placement period. The compliance is vital in adhering to the requirements of the organization and the recruits, an instance that results in cooperation amongst the recruits.

The strength I have concerning adaptability is flexibility. Endowed with the ability to cope up with the different environment after the demonstration, I can adopt the new cultures and abide by them. However, I have the weakness of being too strict, an instance that will make some people take me as a stubborn. Therefore, by the end of the placement, I will have accomplished the goal of meeting the intercultural and diverse cultural perspectives. The intercultural competencies conceptual and operational framework calls for a theoretical definition of cultural knowledge and public interest, development of strategies for realizing it, as well as the implementation (Competences, 2013). Hence, I will be able to adapt to the established social standards of work. The evidence for assessing the success will be based on the comments that I will be able to get from both the supervisors and colleagues by the end.

Part C: Co-operative Education Placement Organization and the Environment it Operates in

The chart above shows the organization structure of the JL Partners Accountants

From the chart, I will be serving as a junior accountant. Being in that department, I will be able to assist in the preparation of the financial statement, and office filing. The systems theory of management best defines our structure which is divided into various operational units. According to Rice (2013), the systems model incorporates portioning establishments into different parts and commissioning them to unite towards achieving a given goal. The merits of the outline include increased possibility for the administrator to examine the patterns and events in the workplace and easier coordination of work to realize the anticipated goals (Rice, 2013). The demerits include lack of precise interaction and interdependence of the organization and environment. Also, the model offers minimum tools and techniques for the administrators for adjustment, unlike the contingency framework.

The name of the organization includes the JL Partners Chartered Accountants. Likewise, the core business of the establishment is to provide professional accounting tasks, tax, audit as well as the firm advice to the clients in New Zealand. Also, industry sector of the firm is an accounting area where the primary purpose is to offer the related services just like other similar institutions in the same field.

The facts of the organization are an accounting firm that offers accounting and other book-keeping services to the clients and located in the New Zealand state. Also, the establishment has a functional structure that is comprising of three parts that are working together to realize the organization goals.

In matters of industry, JL Partners accounting firm is still a young-sized corporation, having a total of nine employees. On the other hand, the competitors are the boutique, and the middle tier chattered accounting firms. Additionally, the company has one branch that has a similar number of employees with the central premise.

In outlining the overview of the organization and the industry sector, employees are highly advantaged since: they can identify the nature of clients served based on the size of the market know-how. Also, the knowledge on the business entrants gives a platform for the workforce to have an exclusive performance and service delivery that will attract the competitive edge. Likewise, the morale of the employees is better improved when they better understand their job setting.

The recent issue in accounting is the continuous demand for the skilled professionals (Robert, 2014). That will have a positive implication in our organization since it would continually bring an improvement in the services like business advisories to the clients and accurate operation of financial procedures to the international standard. To the industry, there will be a reputed image from the customers who would have high confidence in their existence. On the other hand, the knowledge of the external environment makes employees locate the competitors, develop an awareness of the legal and political factors that would hinder the commerce. On the other hand, the proficiency would give the insight of economic factors affecting the trade. Therefore they can optimize the favourable fiscal regimes.

Part D: The Research Topic

Topic Ideas and Rationale

The topic ideas that I would like to propose include; evaluating factors that are responsible for fully satisfying and motivating co-operative education learners during their session and the assessment of the issues necessary for accounting firms to remain at the competitive positions. Notably, the concepts would apply to the accounting firms especially to the management to devise the various strategies of nurturing the junior professionals to become competent experts in the field. Also, the study would give a contingent approach on the best avenues to explore to maintain recognition and survive the competition.

Application of the Topics to Either My Role, Organization, and Industry

The concept of assessment of factors necessary for the competitive position of chartered accounting firms would enable our organization to improve and adjust accordingly to provide valuable services. According to Wagner & Hollenbeck (2014), business owners and administrators must critically evaluate the parameters that are essential to maintaining the success. That involves the performance of the strategic business analysis by outlining both external and internal business environment to map the areas to be developed.

Also, the study of identifying the best strategies to motivate the co-operative learners would apply to the organization. Apparently, the employers have the noble task of providing the enabling environment to the recruits Wagner & Hollenbeck, 2014). Indeed, where employees are motivated, they explore their potential to achieve the best for the organization. Therefore, through the study, JL Partners Company would adopt the best behaviors that would nurture and develop the new trainees who would end up being of great help.

Research Steps for the Topics

Topic 1: To assess the Factors For Satisfaction and Motivation of Co-operate Learners. Besides reviewing the existing literature, I would conduct qualitative research. The approach would involve preparation and administering of the questionnaires and interviews to accounting students by the end of the program especially to the former institution. Henceforth, the data obtained would be analyzed to get the info concerning the issues on the topic. For the second concern that regards the evaluation of the factors for keeping the competitiveness of the chartered accounting enterprises, we would as well use questionnaires and interviews but for diverse respondents including students and the top management personnel.

The key words for electronic search include motivation and satisfaction which incorporate the elements of contention with the performance and Competitiveness which connotes the exclusive state.

References

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De Simone, L., Ege, M. S., & Stomberg, B. (2014). Internal control quality: The role of auditor-provided tax services. The Accounting Review, 90(4), 1469-1496.

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Erdei, P., Kapitány, A., Kiss, M., & Kun, A. I. (2014). Estimating the Effect of the Personality vs. Career Match on the Academic Performance with Comaprison of Admission Scores and Grade Averages: An Evidence from the Hungarian Business Higher Education in performance management: Guiding entrepreneurial growth decisions. Journal of Accounting Education, 38, 50-62.

Kokina, J., Pachamanova, D., & Corbett, A. (2017). The role of data visualization and analytics

Rice, A. L. (Ed.). (2013). The enterprise and its environment: A system theory of management organization (Vol. 10). Routledge.

Robert, H. (2014). Emerging issues impacting today’s accountants. Retrieved on 1st August, 2017  http://www.aicpa.org/InterestAreas/YoungCPANetwork/Resources/Profes

Stretton, A. (2015). Series on general management functions and activities, and their relevance to the management of projects.

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Wagner III, J. A., & Hollenbeck, J. R. (2014). Organizational behavior: Securing competitive advantage. Routledge.

Ward, S., Killingsworth, S., Leigh, A., Meyer, A. S., Van der Heyden, L., & Weights, P. (2015). Ethics in Business. Business Compliance, 4(3-4), 75-91.

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