Papers on "The British Accountancy Profession" and similar term paper topics

Paper #102072 :: The British Accountancy Profession
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A discussion of the recent diversification and expansion of the accounting profession in Britain.

Written in 2008; 2,750 words; 8 sources; APA; $ 82.95

Paper Summary:

This paper examines the changing nature of the accountancy profession in Britain. It explains how, traditionally, the accounting profession has been seen as a functionary occupation, reserved for mathematical grunt-work, with its output serving as indicative of performance rather than incursive upon it. The paper claims that over the past few years, however, the role of accounting professionals has both diversified and expanded considerably, with practitioners in this field coming to serve as primary decision-makers and organizational visionaries in their own right. This serves as a testament to the crucial contribution of accountancy-derived economic insight in the determination of sensible and profitable business decisions. The paper concludes that, in contexts such as Great Britain, where corporate development and economic stakes are both at a very high level, the profession of accounting is best defined by the host of changes which are seizing the practice.

From the Paper:

"In close consort with the British government, many of Britain's leading firms are taking part in the effort to develop a set of standards for corporate auditing which are consistent across national and continental borders. Certainly, one of the leading catalysts to the dearth of needed oversight in recent years has been the increased globalization of corporate trade, retail production and service staffing. Mechanisms of corporate auditing have largely failed to remain abreast of the radical changes in the orientation of the British economy. As it has become more necessarily opened to the interests of the European Union, it has only now begun to acclimate to an accounting culture which is prepared to absorb such changes."

Tags: decision-makers organization visionaries economics finance accountant business corporation corporate

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