CHALLENGES AND THREATS OF AN ACCOUNTING PROFESSION ACCOUNTING

CHALLENGES AND THREATS OF AN ACCOUNTING PROFESSION

ACCOUNTING IS THE MOST BORING

40% 60%

STEREOTYPED IMAGE OF A MALE ACCOUNTANT

DO YOU LOOK LIKE THAT AT THE END OF A REPORTING PERIOD?

STEREOTYPED IMAGE OF A FEMALE ACCOUNTANT

HOW DO PEOPLE THINK AN ACCOUNTANT LOOKS LIKE?

HOW DOES SHE ACTUALLY LOOK LIKE

ACCOUNTANTS IN UKRAINE

NEGATIVE IMPACT OF HEALTH ON AN ACCOUNTING PROFESSION

ACCOUNTING PROFESSION, SAFE AT FIRST SIGHT, CAN CAUSE UNEXPECTED AND UNPLEASANT DISEASES. WHERE DO THEY COME FROM?

IN REALITY ALL DAY SITTING ON A CHAIR IN AN UNCOMFORTABLE POSITION IN A STUFFY OFFICE WILL SOON LEAD TO SCOLIOSIS WITH OSTEOCHONDROSIS

• WORKING AT A COMPUTER, EVEN WITH THE BEST MONITOR - IS A SERIOUS TEST FOR YOUR VISION. • AS A RESULT A PERSON BEGINS TO SEE WORSE, IT’S DIFFICULT TO FOCUS ON THE IMAGINE, THE ACCOUNTANT FEELS PAIN IN THE EYES. THE COMBINATION OF THESE PROBLEMS CAN CAUSE BLINDNESS.

• DURING THE BUSY PERIOD IN THE END OF A FISCAL YEAR, ACCOUNTANTS FORGET TO HAVE LUNCHES AND QUICK SNACKS SNATCHED AT THE TABLE WILL LEAD TO STOMACH PROBLEMS AND EVEN GASTRITIS. • BESIDES YOU CAN EASILY GAIN WEIGHT EATING UNHEALTHY FOOD SUCH AS CHIPS, HAMBURGERS, COOKIES AND CANDIES

DEPRESSION THE MAIN REASONS ARE: • LOTS OF PAPER WORK • AUDITORS CHECKS • END-OF-YEAR REPORT • DAILY WORKLOAD • CUSTOMERS CLAIMS • STRESS NERVOUS BREAKDOWNS AND THEREFORE: ü SLEEP PROBLEMS (INSOMNIA) ü LOSS OF APPETITE ü LOW ENERGY

“BIG SALARY”- IS IT A MYTH ?

MYTH AND REALITY

ACCOUNTANT’S SALARY

ACCOUNTANT IN UKRAINE EARNS MUCH LESS THAN IN THE USA UKRAINE THE USA

THE KEY FACTORS AFFECTING ACCOUNTANT'S SALARY ARE : • KNOWLEDGE OF FOREIGN LANGUAGES • YEARS OF EXPERIENCE • SIZE OF THE FIRM • INTERNATIONAL CERTIFICATES

ACCOUNTANTS’ SALARY IN THE USA

IS IT WORTH FOR SUCH A SMALL SALARY ?

Accountants fool everyone in order to take benefits

What does two plus two equal? What would you like it to be?

Window dressing

Window dressing -is manipulation of a firm's accounting data to make its financial statements look better, more attractive than they actually are.

TAX EVASION - AN ILLEGAL PRACTICE WHERE A FIRM INTENTIONALLY AVOIDS PAYING ITS TRUE TAX LIABILITY.

To report or NOT to report income ?

WHO IS MISLED ? Ø Government ØBanks and other financial institutions ØOwners ØShareholders ØInvestors ØClients

Professional accountant Government Window Tax dressing evasion Fooled government Deficit in government’s budget Less money from businesses Accountant Delay of scholarships, pensions, salaries Poorer economy Suffered society bad life-standards

ARE YOU DOING THE SAME?

LIABILITIES

FOR VIOLATION OF THE TERMS OF PAYMENT OF WAGES, PENSIONS, SCHOLARSHIPS, NOT FULL PAYMENTS AN ACCOUNTANT MUST PAY A FINE OF 30 -100 TAX-FREE MINIMUMS.

JOKE THE BANK’S DIRECTOR IS ASKING A NEW ACCOUNTANT: - HOW LONG HAVE YOU WORKED AT THE LAST PLACE? - 4 YEARS - GOOD. WHY DID YOU QUIT? - THE AMNESTY WAS ANNOUNCED.

If you want to become an international accountant you have to

A Global Accountant

But if you want to get all these things, you have to Spend a lot of time Spend a huge sum of money Make a lot of efforts

I I don’t know English, don’t know Taxation, didn’t get CPA and CMA just know accounting

THE THEORY IS IN VAIN WITHOUT PRACTICE

Accountants have large area of expertise

s ood g sales f Manufacturing process t c o s t o D e p r e c ia t io n c h a r g e spurchasing Ne data g n i fees count Changes in the Law budget c Cash inflow and outflow A

THANKS FOR ATTENTION