22/03/2018 Untitled Document http://interact.csu.edu.au/sakai-msi-tool/content/bbv.html?subjectView=true&siteId=ACC275_201830_B_D 13/26 Assessment item 5 STREAM 3 - Assignment 5: Career Research...

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22/03/2018 Untitled Document http://interact.csu.edu.au/sakai-msi-tool/content/bbv.html?subjectView=true&siteId=ACC275_201830_B_D 13/26 Assessment item 5 STREAM 3 - Assignment 5: Career Research Report Value: Satisfactory/Unsatisfactory Due date: 04-Apr-2018 Return date: 26-Apr-2018 Length: 3,000 - 4,000 words Submission method options EASTS (online) Task You must submit a career research report (via EASTS) which requires you to research and report on an accounting industry you are interested in. The report must discuss the following sections: Section 1: You are required to research a specific area of employment in the accounting industry in which you are interested in pursuing a career. Your research should be undertaken with respect to discussion of all aspects of the ‘field’ including the following: the nature of the work, the environment, the education, skills, training and personality traits required to be successful, average salaries, the labour market outlook, related positions and typical employers. Sources to use include: books, periodicals, newspapers, professional journals, trade journals and websites. Section 2: This section of the assignment requires you to research a specific employer you have researched in Section 1. You are required to include the following in your report: the nature of the employer including the size of the organisation, its history, the organisational structure, its culture and/or mission, branches or subsidiaries, clients or customers, products or services, opportunities for promotion, etc. Most medium to large size organisations have this information on their web site, however you are encouraged to research information from other resources other than the organisation itself. Section 3: A description of the typical career path one follows as you advance in this career. What is an entry- level position? What are other names of entry-level positions? Is there more than one path one could take? What are the middle to upper level positions? What qualifications are required? Section 4: Your reflection on the above three sections. For instance, reflect on how well you think you would fit in with this employer. Describe your satisfaction in working in the career field you have investigated. How has this research confirmed or changed your plans and why? Are there any areas in which you need to continue to develop skills? Which aspects of the field/position do you like/dislike and why? Which aspects/characteristics do/do not fit? Refer to the exercises completed on interests, skills, and values. Specifically state how there is, or is not a match among these. Thorough and thoughtful analysis is critical to this section. Give specifics! References and Citations: The report must include references from at least six different resources consisting of the print resources, web or other sources using APA format. For example, when quoting average salaries it is expected sources such as 'The 2017 Hays Salary Guide' are utilised. 22/03/2018 Untitled Document http://interact.csu.edu.au/sakai-msi-tool/content/bbv.html?subjectView=true&siteId=ACC275_201830_B_D 14/26 Rationale This assessment task covers Topics 3 and 4 and has been designed for you to research an industry in which you are interested. Such research will provide you with a clearer understanding of what is required of you for each industry giving you direction for your career. More specifically it seeks to assess your ability to: identify relevant work opportunities, and set career goals and apply the knowledge gained through university study to work environments. Marking criteria In order to achieve a Satisfactory grade for this assessment task, all criteria must be rated as satisfactory. If you have made a genuine attempt at the assessment task, you will be allowed one (1) resubmission to address any unsatisfactory components of this task. Resubmissions must be completed within one (1) week of notification. CRITERION SATISFACTORY UNSATISFACTORY Provides detailed descriptions of a specific area of employment and a specific employer in the industry and analyses aspects of the field that will contribute to career goals. (Learning Outcome 1) Identifies and describes a specific area of employment and a specific employer in the industry. Comprehensive and well developed responses to the required information. Provide evidence of broad and thorough research related to both the area of employment and the defining characteristics of the chosen employer. Analyses match between chosen employer and own career goals. Provides a limited description of an area of employment and specific employer in the industry. Responses are not well developed and lack detail in response to the required information. Provides limited evidence of research to both the area of employment and the characteristics of the chosen employer. Analyses does not align between the chosen employer and own career goals. Applies knowledge gained through course work to reflect on the chosen employer and area of employment. (Learning Outcome 5) Identifies the types of entry-level, middle and upper level positions and the required qualifications for these positions. Analyses and discusses the potential career paths afforded by the chosen area of employment. Reflection provides evidence of well- developed personal insight into the benefits and challenges associated with employment in the chosen field and includes reference to coursework exercises to match interests, skills, and values. Provides a limited identification of the entry- level, middle and upper level positions and qualifications required. Analyses and discussion of the potential career paths in the chosen area of employment is unclear and lacks depth. Reflection provides limited evidence of personal insight associated with employment in the chosen field. Reference to coursework exercises to match interests, skills, and values lacks depth and context to the chosen field. Clear and appropriate report structure that includes correct spelling, grammar, punctuation and referencing. General competency with academic conventions. (Learning Outcome 5) Report structure is complete and includes responses to all task requirements. Spelling, grammar and punctuation demonstrate a professional standard. Referencing conforms to APA (6th ed.). 6 or more references provided. Most paragraphs are appropriately structured so each contains a single topic idea. Demonstrates a clear progression of points, and most paragraphs are clearly linked. Report structure is not complete and does not include responses to all task requirements Report is poorly organised and lacks attention to detail. Lack of academic conventions with marked problems in spelling, grammar and punctuation that disrupt the meaning of the text. Does not conform to APA referencing format (6th ed.). Fewer than 6 references provided. Paragraph topics are generally unclear and there is little structure for ideas. Paragraphs are generally fragmentary or overly long. No discernible structure or progression of points. Presentation Your report should consist of: 22/03/2018 Untitled Document http://interact.csu.edu.au/sakai-msi-tool/content/bbv.html?subjectView=true&siteId=ACC275_201830_B_D 15/26 Title Page Table of contents; Executive Summary; Introduction; Body of the report addressing the sections listed above; Conclusion; and References There is no Word document template for this task. Requirements All submissions must be in Word format. As a CSU student you are entitled to a free copy of Microsoft Office 2013 Suite. Details to find out further information can be found below under 'Online Submission'. As per the CSU Referencing Policy, assessment should be fully referenced. The Faculty of Business, Justice and Behavioural Sciences requires that students apply APA (American Psychological Association) referencing. If you are unsure of this style, please go to CSU Referencing website at http://student.csu.edu.au/study/referencing-at-csu. In addition a very useful tool for you to use that demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list can be found at https://apps.csu.edu.au/reftool/apa-6. Student submissions who do not acknowledge the sources used in preparing their assessment will not be marked. http://student.csu.edu.au/study/referencing-at-csu https://apps.csu.edu.au/reftool/apa-6 Professional practice in accounting Kaludurage Thilini Madhuwanthi Silva 11592396 Kaludurage Thilini Madhuwanthi Silva 11592396 Professional practice in accountingACC275 Assignment 1 Table of Contents Executive Summary3 Introduction3 E commerce Industry3 Nature of Work3 The environment3 The Education4 Skills4 Training and personality traits4 Average salaries4 Labour market outlook5 Related positions5 Typical employer5 The nature of employer and size of organisation5 Organisation history5 Organisational structure6 Culture and Mission6 Branches7 Customers7 Products or services8 Opportunities to promotion8 Career Path8 Entry level position9 Other names of entry level position9 More than one career path9 Middle to upper level position9 Qualification required9 Reflection9 Satisfaction with the career10 Research confirmed or changed plans10 Areas to develop skills10 Conclusion11 References…………………………………………………………………………………………………12 Executive Summary: This report is based on the E commerce industry. It gives an idea of the nature of work and the skills which are essential to conduct or to perform task in effective manner. Introduction: E commerce industry is a concerned with buying and selling goods and services online. In this report, the detailed information is given about the Amazon Company. There are many elements which gives proper understanding of the company and the activities which are undertaken by the company. E commerce Industry The industry which is taken into consideration is E- Commerce and the specific area in which the main focus is given is on the operation area. The chosen area is operations in which the communication takes place with the customer. In this area, the queries are resolved of the customers and the feedback is also taken from them about the product and services (Amazon, 2015). Nature of Work The nature of work in respect with this field is that the area gives main focus on the ITR (First time resolution). The support is provided to the customers and the problems and queries are resolved so that the customer satisfaction is enhanced in effective way. The advanced technological environment in E commerce has a great advantage to the company. It has minimized the wastage of inventory and the operating cost of the business (Kumar, Kommareddy & Rani, 2013). The environment The environment of the e commerce has reduced the wastage of enhancing the efficiency of the market by online auctioning. The Education The graduation level is important for doing job in Amazon. I am a graduate and I think graduation level is very important to operate and manage the operations in this industry. The graduation level gives a worker the knowledge to handle each and every thing in effective manner. To
Answered Same DayMar 22, 2020ACC275Charles Sturt University

Answer To: 22/03/2018 Untitled Document...

Sangeeta answered on Mar 29 2020
133 Votes
Financial Analyst at Commercial Bank Of Ceylon PLC
Executive Summary:
The accounting industry has gained high importance all across the business environment. Be it any industry and company one would need individuals belonging to accounting industry to effectively carry out their finance and accounting operations. Likewise, Commercial Bank Of Ceylon PLC also has several accounting and finance job positions set out in a manner that the associated operations and procedures could be carried out in the best possible manner. The job position of Financial Analyst is one of the several available positions. Further, taking the above discussion into consideration this particular paper attempts to provide the nature of work i
n the accounting industry by taking the case of Commercial Bank Of Ceylon PLC in specific.
Contents
Executive Summary    2
Introduction    4
Banking Industry    4
Nature of Work    5
The environment    5
The Education    5
Skills    5
Training and personality traits    6
Average salaries    6
Labour market outlook    6
The nature of employer and size of organisation    7
Organisation history    7
Organisational structure    8
Culture and Mission    8
Branches    9
Customers    10
Products or services    10
Opportunities to promotion    11
Career Path    11
Entry level position    11
Other names of entry level position    11
More than one career path    12
Middle to upper level position    12
Qualification required    12
Reflection: How well would I fit in?    12
Satisfaction with the career    13
Research confirmed or changed plans    13
Areas to develop skills    13
Conclusion    13
Introduction
To start with, an accounting system effectively keeps a record of all the financial practices of a company or institution, illustrating when and where funds have been spent and commitments have been formed (Needles and Powers, 2013). This assists decision forming through enabling managers to assess corporate outcome, through indicating the financial threats along with the advantages of selecting one approach over some other and through highlighting the present weaknesses along with opportunities. It enables managers in taking a step back, looking at the company and assessing how it is performing and determining where exactly it should be progressing. Likewise, due to the growing importance of accounting systems, the accounting industry has become an important fraction of the overall economy and it’s quite essential for its effective functioning. Further, taking the above discussion into consideration this particular paper attempts to provide the nature of work in the accounting industry by taking the case of Commercial Bank Of Ceylon PLC in specific.
Accounting Industry
The accounting industry has gained high importance all across the business environment. Be it any industry and company one would need individuals belonging to accounting industry to effectively carry out their finance and accounting operations (Needles and Powers, 2013). Likewise, Commercial Bank Of Ceylon PLC also has several accounting and finance job positions set out in a manner that the associated operations and procedures could be carried out in the best possible manner. The job position of Financial Analyst is one of the several available positions.
Nature of Work
The work of financial analyst involves:
· Growing financial performance by examination of financial outcomes, forecasts, trends and variances.
· Creating recommendations to be offered to executives and management
· Developing financial frameworks for supporting valuation, forecasting and planning.
· Aiding in capital budgeting as well as expenditure planning procedures
The environment
The environment of the accounting industry has greatly revolutionized the manner in which banking was done previously (Needles and Powers, 2013). It enables customers to carry out their banking procedures easily and with great expediency.
The Education
For taking up the job of a financial analyst at Commercial Bank Of Ceylon PLC, the candidate needs to have a 3-5+ years of business finance or other appropriate experience; Master’s degree in respective field; verified work experience within a quantitatively-substantial role; sound quantitative and analytical abilities; self-starter having outstanding interpersonal communication along with problem-solving abilities and lastly, advanced understanding of Excel (Needles and Powers, 2013).
Skills
In this field, one needs to have the capability of streamlining operations and passion for learning and growing; interpersonal abilities, written and oral communication skills, ability of working independently and lastly, strong financial modelling skills (Weber and Stevenson, 2014). Further enhancement of the skills would certainly improve upon my knowledge and add higher proficiency to work tasks (Weber and Stevenson, 2014).
Training and personality traits
Training is quite essential within this work sphere. It offers understanding related to diverse sectors and the way of convincing the clients in a sound manner. Training offers an overview to the person about the way of carrying out a particular task and also, knowledge about company’s procedures and practices (Weber and Stevenson, 2014).
Average salaries
Within this area, the salary varies as per the qualification and job position of the candidates. There is also reward and incentives system in place that offers employees recognition for their outstanding efforts and achievements (Klaus, 2013).
Labour market outlook
The employment prospects are quite good. As the industry is expanding and progressing on the continuous basis so is the need for competent and expert employees (Labardin and Marc, 2009).
Related positions
In accounting sector, the assistance is offered to both i.e. the service provider and the client. The companies are offered assistance and queries are solved in a sound manner.
Typical employer
The accounting industry is considered as being a typical employer. It’s concerned about several diverse areas that offer employment prospects to a large number of individuals. The employer provides various services and products to the clients that fulfil their needs and wants.
Section 2
The nature of employer and size of organisation
Commercial Bank Of Ceylon PLC is amongst the highly known banking institutions in the Sri Lanka, Bangladesh and Maldives (Commercial Bank Of Ceylon PLC, 2018). The bank has shown continuous progress in terms of customers, profits and services ever since the time of its establishment (Commercial Bank Of Ceylon PLC, 2018). The bank offers several products and facilities, ranging from savings, deposits, current account, loans, cars, online banking, mobile banking, cardless ATMS, sending money home, telephone banking, Islamic banking and Elite banking to investment and wealth management and from ground-breaking payment models to digital pioneers in mobile banking. Commercial Bank of Ceylon PLC (CBC) is considered as being one among the prevalent commercial banks within Sri Lanka with around 250 branches as well as 625 ATMs (Commercial Bank Of Ceylon PLC, 2018). Moreover, the bank has set its operations within Bangladesh and Maldives. Commercial Bank of Ceylon PLC (CBC) has been positioned as being the...
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