INTRODUCTION TO ACCOUNTING ASSIGNMENT

DBM 103
QUESTION 1:
Answer the following questions using the text.
1.
2.
3.
4.

What is the purpose of accounting?

List the five main activities involved in accounting.
Explain what auditing is.
What are the four types of businesses? Provide a quick explanation and
two examples not given in the text for each.
5. List and briefly explain the three types of business ownership. List an
example for each.
Answer the following question using the internet
6. In a small business setting, explain five reasons why accounting is
important.
QUESTION 2 :
Answer the following questions using the text.
People with accounting skills are in great demand and the trend is on the rise.
The types of accounting jobs needed range from bookkeepers to Financial
Managers to Internal Auditors. Some of the highest paying jobs can exceed
$150,000 per year.
Using the Internet, find and describe the following:
1. What is a Chartered Accountant?
2. What is a Certified Management Accountant?
1

3. Find three careers that are Accounting based and for each of these
careers, find the following:
I.
II.
III.
IV.
V.
VI.

Job description, what do they do?

What are their responsibilities?
What is the typical salary?
What education do they need?
What knowledge do they need?
Where might they work?

QUESTION 3:
Using the internet and the text, answer the following questions.
In Canada there are three professional accounting designations. Each of the
three types of designations produce accountants for different areas of the
workforce and you must go through at least one of the three programs to have a
job as an accountant. Also, each requires a different level of education.
1.
2.
3.
4.

Identify each of the three professional accounting designations.

Describe each designation in your own words.
What education is needed for each designation?
If you decided to be an accountant, what degree program would you
complete and at what school would you attend?
5. What are three different business fields/areas that you feel accountants are
necessary?
6. Explain why you feel this way.
7. What area in the business world would you choose to work in and why?
Use the following websites to help you:
www.cga-canada.org
www.cma-canada.org
www.cica.ca
www.careers-in-accounting.com

INSTRUCTIONS:
Assignment has to be written for the questions above, I've outlined what has to
be included for each below the quote. Each answer needs to be from 15-20
pages and must be completed 2 weeks before final exam.
WRITING STYLE GUIDE:
1.
2.
3.

Theme Fonts
Size Fonts
Spacing

- Time New Roman

- 12
- 1.5