The license in accounting I choose to cover is AIPCA (American Institute of Certified Public Accountant). Being an accounting student, what I will learn from the research will influence my accounting career. It will place me in a better position to help non-profit organizations help animals in the CFO type position. A career in accounting allows one to learn and use different life skills such as problem-solving, leadership, and team building; it also helps boost the communications skills of many accountants. AICPA is a non-professional organization that represents CPA, certified public accountants in the USA. It serves as an advocate for legislative bodies and public interest groups. It sets the standards that are used to obtain and maintain the CPA designation that is earned by accountants that pass the exams and satisfy all the requirements needed by the CPA practitioners to ensure they are competent.
AIPCA has developed major programs that can evaluate both national and international issues that help in analyzing challenges and opportunities that emerge in the accounting career. It also helps in recruiting qualified individuals into the accounting profession while promoting the best academic programs. AICPA is responsible for preparing and grading the CPA exams while coming up with specific requirements for the accounting profession qualification. It also has a code of professional Conduct that emphasizes education in ethics.
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Accounting students who take auditing courses with the AIPCA code have a different reasoning capacity from those who have not gone through the AIPCA code of ethics. This is a clear indication that accounting courses that emphasize the AIPCA codes have a positive impact on future accountants' behavior (Jenkin et al., 2020). In the AIPCA research, I learned many lessons I believe will benefit my accounting career. I learned the key traits of accounting are to adhere to ethical guidelines. Several areas need to be given attention by everyone who wants to join the accounting profession. These guidelines will help me in my career.
Independence and objectivity are crucial in the accounting profession as they help make unbiased decisions that help the client make the right decisions. It is necessary to demonstrate integrity and honesty in the accounting profession. It helps the accountants avoid any misleading information that would cost them their job or trust by their clients. Accountants should be able to be confident with the client's information and details. It was crucial to uphold the professional relationship between the accountants and the clients. The accountant's professionals should be competent, and they must ensure that everyone receives proper training on serving clients and adhering to all the codes of ethics (Quinton, 2016). The information on AICPA has influenced my accounting career so that now I am aware of how I can help non-profit organizations if I get the CFO position. Being through CPA has equipped me well to become a CFO and work with the CEO. Through the AICPA, I have learned how to handle financial information appropriately with integrity and responsibility in confidentiality.
I am fully aware of a CFO's duties, where I will be focusing on the creation and management of the company's budget, accounting, and financial issues. I will also oversee the organization's investment strategy because a non-profit organization has different funding sources that need to be monitored and frequently given reports on the money's spending. Helping the organization to be able to manage their finances and ensure that the financial reports are accurate and completed and submitted on time to avoid any conflicts with the honors of the non-profit organization (Brown, 2017). The CFO must protect the organization's assets and ensure that the organization complies with the financial regulations. The CFO also has to close the books accurately and communicate both values and risks in the organizations to the investors and the board to be up to date with the organization book.
Using the knowledge from the AICPA, I will ensure that the organization's books are well handled with integrity and confidentially. The codes of ethics help CFO bring out the professional qualities and encourage ethical behavior and the best decision-making process. In performing the CFO roles, professional accountants who have been under the AICPA use the important principles of integrity, objectivity, confidentiality, and professional behavior to execute their duties to the best level of their ability.
They encourage professionalism and ethical behavior in non-profit organizations and set the right tone at all organizational levels. They demonstrated their management skills and can make decisions that benefit the organization. As a CFO in a non-profit organization, there is a need to be detailed, precise, and full of knowledge to know how to handle the different issues affecting the organization. It is also crucial to be passionate about achieving the non-profit organization's mission as you accurately educate the staff on the different programs that are involved in the organizations and the source of finances of the organization. The CFO should be able to perform other duties in the organization without any complications. The AICPA codes and ethics guide the CFO in handling all the organization's situations professionally.
References
Jenkins, J. G., Popova, V., & Sheldon, M. D. (2020). Monitoring the accounting profession under the AICPA code of professional conduct: An analysis of state board of accountancy participation. Journal of Accounting and Public Policy , 39 (3), 106742.
Quinton, B. (2016). CPAs and Conflicts of Interest: A Recap of Recent AICPA Guidance. The CPA Journal , 86 (8), 13.
Brown Sr, T. (2017). Composite Analysis of Means: Inquiry of CFO Roles, Responsibilities and Relationships in SDA North American Division Conferences. Archives of Business Research , 5 (3).
