Everything you wanted to know or should know about accounting - Page 30

taxguy · 03-13-2009, 02:52 PM

A_Mom is essentially correct. I addressed this issue of AACSB Accreditation in post 297,which I wish folks would read before posting the same questions. Just for the record, here is what I said in that post:
__________________________________________________ ____________________
There are three types of accreditation,which makes things confusing.

The first, and most important, is the normal accreditation such as "Mid Atlantic accreditation" or "southern accrediation" of colleges. These and other bodies are the main accrediting organ. Most schools are accredited by these since they are crucial.

The second accreditation,which isn't as required but is becomming more essential today is AACSB. They accredit business programs in general. More of the better university and business programs are becomming AACSB accredited as well. Is this accreditation essential? NO,but is very nice to have.

The final type of accreditation,which is the newest accreditation, is by the AACSB as well, however,it is also specifically for accounting. This isn't as well known, and you certainly could get a job without a school having this last accreditation. However, it will become the gold standard for accounting firms in the future, in my opinion. Thus, going to a school that has this accreditation in place will be nice but NOT essential at this time.

As for the time frame for accreditation, it could take years. A lot depends on the time frame of the accreditation process by the school. It can be weeks to several years. No one really knows.

a_mom · 03-13-2009, 03:29 PM

Taxguy, I suggest you put this clarificaton #436 as well as some other posts into a new thread like: Must Read before goto "Everything .... about accounting". And no Q&A for that new thread.

eurotennis247 · 03-15-2009, 10:24 AM

What is Information Systems? I saw that some schools offer that as a specialty? for accounting?

Peace149 · 03-18-2009, 03:36 PM

You said it doesn't matter what college I go to. As long as the college is accredited, I will get a decent job. Currently, I am in NJCU and it is considered in the 4th tier of the north region. I was wondering if this will affect my job outlook since my college is not well-known?

blazinreaper · 03-19-2009, 10:18 PM

Tax,

If you don't mind i have a question speaking of your experience as one of the big 4 recruiters. Does ethnicity take a role in terms of recruitment?

For instance, let's say there was a Korean-American who commited his studies in the accountancy fields and obtained a great GPA similary as of Caucasian person who is also seeking for the same position as the Korean is. They both have similar grades, job experiences, and resume. How would you take part in this?

taxguy · 03-19-2009, 11:17 PM

Blazinreaper, let me note that I helped recruit over 25 years ago. However, with that noted, I think it depends on the person. If I were the recruiter, I wouldn't care if you were Korean, French, or Tuti Fruti. All I cared about was your facility with speaking english without a bad accent that couild mar understanding, your personality, writing skills etc. Being Korean in background would NOT have entered into the equasion unless you had an accent that made you hard to understand.

Moreover, I would only prefer students who went to an American accredited School. If you want to a school in Korea that wouldn't be held in high esteem.

blazinreaper · 03-19-2009, 11:45 PM

Oh I see. I guess it all differs among the interviewer's personality and character.
By the way, I'm not sure if you would know the answer to this question ,but do you have any idea how diverse the community/foundation is in any of the big 4 companies nowadays? Obviously the majority would defintely be filled with caucasians ,but being a Korean-American, I've always been curious.

a_mom · 03-20-2009, 12:25 AM

blazinreaper, I'm not sure about other states. But in California, you see many asian faces in big 4.

worrywart · 03-20-2009, 07:58 AM

2009 DiversityInc Top 50 Companies for Diversity® List

1. Johnson & Johnson
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50. KeyBank

blazinreaper · 03-20-2009, 10:36 AM

Wow, very interesting. Thanks for the post.

Peace149 · 03-20-2009, 11:28 AM

Tax, you didn't answer my question

You said it doesn't matter what college I attent. As long as the college is accredited, I will get a decent job. Currently, I am in NJCU and it is considered in the 4th tier of the north region. I was wondering if this will affect my job outlook since my college is not well-known?

tbradford · 03-20-2009, 12:59 PM

He did answer your question Peace, in most of the posts in this thread lol. If your college is AACSB accredited it doesn't matter very much in accounting what tier it is or how well known it is.

Peace149 · 03-20-2009, 11:01 PM

That's a relief. I forgot to read the first page of this thread. lol. I was just wondering since most members on CC are so focused on the name of a university.

hampster · 03-20-2009, 11:46 PM

Minneapolis Life in the Cubicle Examiner: PwC, Deloitte, E&Y, and KPMG: Big 4 employees modern indentured servants

YourNameHere27 · 03-21-2009, 02:18 AM

I have a question for Taxguy and maybe some others... I would describe myself as a highly motivated, driven individual, and there is one factor that is keeping me from choosing a major. I honestly couldn't care less about starting salaries, but I do care immensely about 'opportunity.' I have a huge passion for business, and I actually become slightly excited when I see text books labeled as 'financial management.' lol last week in art I had to make up some excuse to take a glance at one of those books before it was ripped to pieces and painted over. Okay back on track, how much opportunity and respect do the three letters 'C-P-A' have in terms of respect and opportunities for advancement in the FINANCIAL world? In other words, will I be on the top of the stack when applying to jobs. And also, because I am just SOOOOOOO driven, ready to run through walls and kiss as much ass as I can; how high paying can these jobs get and how pletiful are there, which leads back to this subject; opportunity...

thank you so much