IFRS Convergence Constrain Rounding †Free Samples to Students

Question: Discuss about the IFRS Convergence Constrain Rounding. Answer: Introduction: Following my listening to the explication regarding the accounting professional in Ferrier Hodgson, I have subsequently developed an interest and would wish to work for the firm upon my graduation from the campus. Ferrier Hodgson is among the hugest companies that specialize in accounting and industry. The firm provides a range of services including forensic accounting, corporate recovery, forensic IT, management consulting and corporate advisory (Fogarty, Zimmerman Jonas, 2017). The benefit of working in this company is that Ferrier Hodgson provides a range of graduate opportunities referred to as vacationer program. Here, graduates are able to gain the first-hand understanding of difference of work via such programs. The program further avails the graduate with the opportunity to learn as well as experience over and above the mainstream accounting roles including audit or tax (Bailey, Nigrini, Fleming, Hermanson, Kranacher, Riley Jr Hopwood, 2017). As a graduate participant particularly, I will be able engage in the structured program, become exposed to challenging/complex work, have a meaningful/interesting work right from the first day, and work closely with my senior accountant on active issues. The programs further avail useful social functions or events, supportive as well as open culture for my skills improvement. My future career shall focus on accounting area like forensic accounting as a student studying accounting professional. Here, four core areas including dispute advisory, business valuations, investigation and contract compliance will be of my particular interest. I will need to offer advice as an accounting in this service on technical accounting matters such as application of accounting standards, business (other assets) valuation, solvency opinions, asset holding reconstruction, financial records reconstruction and interpretation as well as tracing of transactions. It will also help me investigate on accounting manipulation as well as financial reporting misstatements/intellectual property misuse besides confidential info/ fraud/misconduct. To undertake the above tasks, I will have to analyze and subsequently reconstruct the accounting records alongside business info, determine accounting evidence for such fraudulent/ negligent or wrongful activities as well as undertake the preparation of solvency reports. The company expects me as a graduate to have strong communication skills alongside commercial skills. With these skills, I am sure I will be able to leave the company a skilled and knowledgeable accountant who is fully ready to face the outside world and tackle the myriad of accounting contemporary issues. I will strive to be endowed with these skills required by the company in order to gain maximum from the vacationer programs that Ferrier Hodgson avail for me. This is because in the absence of these commercial skills and communication skills, I will be disadvantaged relative to my fellow students in terms of getting much out of the program (Dang, He Sun, 2017). I am confident that the experience I will have gained from the vacationer program offered by Ferrier Hodgson will help me not only shape my future career path but also develop me personally and professionally (Raji, 2017). References Bailey, C. D., Nigrini, M. J., Fleming, A. S., Hermanson, D. R., Kranacher, M. J., Riley Jr, R. A., ... Hopwood, W. S. (2017). Journal of Forensic Accounting Research A Publication of the Forensic Accounting Section of the American Accounting Association. Dang, L., He, D., Sun, Y. (2017). Does mandatory IFRS convergence constrain rounding manipulations in accounting? Evidence from Chinese firms. International Journal of Managerial and Financial Accounting, 9(1), 1-18. Fogarty, T. J., Zimmerman, A. B., Jonas, G. A. (2017). Is Accounting an Applied Discipline? An Institutional Theory Assessment of Its Labor Market. Raji, L. M. (2017). Accounting Skill Needs of Business Education Graduates for Teaching Financial Accounting in Secondary Schools in Bauchi State (Doctoral dissertation).