Wednesday, May 6, 2020

Reflection Report Work Environment

Questions: 1.Describe the work environment as presented by the industry partner2. Describe the role of an accountant as presented by the industry partner 3. Describe the role that a new graduate employed by the industry partner would be expected to play in the organization. 4. Explain the skills and attributes required to work for the industry partner, in relation to your responses to the previous 3 points. 5. Critique the extent to which your skills and attributes align with the skills and attributes required to work for the industry partner, drawing on personal experience and the results of the skills audit and personality profiling in week 1. 6.Formulate a strategy to address any areas in which your skills and attributes can be improved to better meet the requirements of this industry partner. Answers: 1. Sean Wengel has presented the idea that when it comes considering career in the Big 4 or any other big, medium or small corporate entities, working as a Chartered Accounted offers lots of choices to an individual (Wengel 2017). It should be remembered that to become a professional Chartered Accountant, it requires working with high ethical standards and professional attitude, building reputation and prestigious title for the professional. 2. The work duties and responsibilities of a Chartered Accountant (CA) depend on the particular industry and sector where an individual works. It has been evident that a CA needs to work with high collaboration of people (Wengel 2017). Teamwork is highly important for them. This is the reason that they shall be equipped with the latest accounting standards and ethical regulations. In the lecture, Wengel has investigated on the corporate bodies that are unable to pay their debts. 3. A new graduate would be expected to learn and understand the skills related to the particular business industry. Every business sector has something new to offer and it falls under the responsibility of the new graduate to get a hold of the entire process of working of the particular industry (Baker et al. 2014). In addition to this, the naive graduate also needs to abide by the regulation and the practices of the particular business role. Monitoring and regulating the work is the primary responsibility of the person. 4. It is vital to have technical knowledge and understanding in order to become a good chartered accountant apart from the theoretical knowledge of the subject. In addition to this, developing soft skills like good level of communication and working as a team also needs to be a part of the skills of the person (Wengel 2017). It has to be kept in mind that the work environment is dynamic and challenging and thus, in order to deal with various professional challenges, one needs to develop an adaptable and open mind set while working as a professional. 5. I would like to mention that I have always focused on improving my skills and abilities to work as a professional Chartered Accountant. I have always focused on my studies and have improved my knowledge and understanding on the subject theoretically. Further, I have also gained much technological knowledge as well. All these lessons and learning has helped me to build the foundation for a professional Chartered Accountant (Chughtai et al. 2015). I have also understood the importance of soft 6.In order to enhance my skills and abilities, I would like to intern under the guidance of a professional and successful Chartered Accountant. This would help me to get knowledge about the industry and the professional context of the subject. In addition, I would gather some industrial knowledge as well. In order to improve my soft skills, as I have noticed that I lack the quality of team work, I shall preferably enroll myself in a personal development coaching. This shall help me to become industry ready and I shall give the best as per my ability in the professional ground. References: Baker, K.L., Perkins, J. and Comber, D.P., 2014. International students and their experiences of Personal Development Planning.Active Learning in Higher Education,15(2), pp.129-143. Chughtai, A., Byrne, M. and Flood, B., 2015. Linking ethical leadership to employee well-being: The role of trust in supervisor.Journal of Business Ethics,128(3), pp.653-663. Wengel, S. 2017 Become a difference maker. Available at: https://www.youtube.com/watch?v=79pDxRxYJf0feature=youtu.be [Accessed on: 7-4-2017]

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