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Chapter 1 - You and World of Accounting

Part A-True/False
Indicate whether the sentence or statement is true or false.
 

 1. 

A professional organization, such as the American Institute of Certified Public Accountants, provides information to its members and works to promote interest and ongoing education in the career area.
 

 2. 

Being able to make decisions is an important skill for someone interested in becoming a musician.
 

 3. 

Responsibility is one example of a personality trait.
 

 4. 

The more you know about yourself, the easier it will be to make career choices.
 

 5. 

The Internet is a source of educational and career information.
 

 6. 

In the U.S. economy, for-profit businesses are outnumbered by not-for-profit organizations.
 

 7. 

One of the best ways to find out about particular careers is by talking to people who work in those fields.
 

 8. 

Once you decide upon a career, you will probably stay in that career for the rest of your life.
 

 9. 

Most careers require some education or training beyond high school.
 

 10. 

On-the-job training provides an opportunity to learn the ins and outs of a particular job and get paid while you’re learning.
 

 11. 

Today, most accounting work is still done with pencil and paper.
 

 12. 

All businesses need accounting services.
 

 13. 

AT&T is an example of a not-for-profit organization.
 

 14. 

A CPA is a person who has passed a national test and met specified experience and educational standards to become “certified” to practice accounting.
 

 15. 

A person’s skills are the principles by which they live and are the core of their belief system.
 

Part B-Thinking Critically (15 Points)

PROBLEM 1  (Ques. 16-22) (7 POINTS)

You think that  you might be interested in a career in accounting, and you would like to develop a career plan.  Listed below are a number of steps that  you should include in that plan.  Put those steps in the correct order you should complete them.  Use 1 for the first step and 7 for the last step.

PROBLEM 2 (Ques. 23-30) (8 POINTS)

Paula Abrizzi has a career goal of obtaining an entry-level job with a large accounting firm or with a large corporation after graduating from college.  Indicate whether the followiing activities will her her achieve that goal.

Indicate yes or no.
 

 16. 

Complete a personal career profile.
 

 

 17. 

Prepare for the education or training the career requires.     
 

 

 18. 

Choose a career to pursue.
 

 

 19. 

Examine your values and lifestyle goals.
 

 

 20. 

Assess your interests, skills, and traits.
 

 

 21. 

Research possible careers.
 

 

 22. 

Select possible career choices.
 

 

 23. 

Join a social sorority at college.
 

 

 24. 

Finance college education.
 

 

 25. 

Take a summer job in the business office of a local performing arts center.
 

 

 26. 

Study in Europe during her junior year.
 

 

 27. 

Participate in an accounting-based internship program.
 

 

 28. 

Learn to prepare a resume and write a cover letter.
 

 

 29. 

Volunteer during the school year at a homeless shelter.
 

 

 30. 

Pass a CPA examination.
 

 

Part C-Matching-10 points
 
 
a.
career
f.
personal interest tests
b.
for-profit business
g.
personality
c.
lifestyle
h.
public accounting
d.
networking
i.
skills
e.
not-for-profit-organization
j.
values
 

 31. 

The principles you live by and the beliefs that are important to you are your __________.
 

 32. 

The sharing of information and advice is called _______.
 

 33. 

A ________operates to earn money for its owners.
 

 34. 

Your _________ is the set of unique qualities that makes that person different from all other people.
 

 35. 

A(n) _________ firm provides accounting services to clients such as individuals or businesses.
 

 36. 

________refers to the way a person uses his or her time, energy, and resources.
 

 37. 

A person’s __________ are his or her abilities, such as the ability to think creatively or to make decisions.
 

 38. 

A(n) ___________ is work that is built on a foundation of interest, knowledge, training, and experience.
 

 39. 

A(n) ________ operates to support a cause or an interest.
 

 40. 

__________ can help you identify preferences that will have an impact on your career choice.
 



 
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