Respond 11

Question 1

It is my hope that this course has given you some valuable knowledge and insight into the auditing profession and the various tracks that you can pursue. Please discuss your thoughts regarding your interest in pursuing the auditing field.

What do you like about the auditing profession? What do you dislike? Do you see yourself in this role?

Repond to this…  I work for the Minnesota Department of Revenue. The whole reason I am coming back to college is to obtain my bachelor’s degree. I already have my associates degree in management accounting; but in order to advance or move at work I need to have a bachelor’s degree. Since I work for the Minnesota Department of Revenue I decided to go for my public accounting degree. In a way I am already in the auditing profession; just with tax returns.  My goal is to become a Revenue Tax Specialist. That position will allow me to move many times into different units and divisions including approving or denying refunds. I don’t need to have my CPA certification to be in this position. Who knows I didn’t think I would want to go into any other unit once I started working here; but I am now itching to. What I like about the auditing profession is that it seems there is nothing that is the same from one audit to another. Each audit is unique. So to answer the question do I see myself in this role. Yes, I do.

Question 2

For Principles of Economics

Use this discussion as a helpful way to review for the final exam.

For your initial post, list two questions that you think may appear on the final exam.

Respond to this… Which of the following factors contributed to failure of Savings and Loan associations in the 1980s?

A.    The high levels of net worth by all savings and loans

B.    Declining real estate values

C.    Avoidance of risky loans by the savings and loans industry

D.    Low interest rates paid to attract deposits

 

In a fractional reserve banking system

A.    Commercial banks are required to hold savings account in other banks as reserves against their deposits

B.    Commercial banks are required to hold a certain fraction of their deposits in reserves

C.    All deposits must be held in reserves

D.    Commercial banks hold no deposits in reserve

Question 3

What have you learned about being human in the last eleven weeks? More importantly, how will what you have learned impact your own life and the lives of those people around you?

Respond to this… I learned a lot throughout this class. I had never taken a Humanities class before so the subject was very new to me. However, from my many literature classes the people and some of the material were not completely foreign to me. I really enjoyed this class and I feel like I learned a lot about different types of music, about different genres, different writers, actors and actresses, and also cultures and religions.I have learned that not one person is alike and that not every one will always have the same opinion on something and that is ok. There are positive and negative sides to just about everything depending on who you ask. With every thing I have learned I have mostly learned to treat others kindly no matter what their religion or culture. I have also learned that what is happening in our world right now and the decisions we make as individuals and as a society, even as a planet, are going to greatly affect the future for those that will be around after us. In other words be a good person, do good things, care about nature, take care of our planet.