"[Year] [FUNDAMENTALS OF ACCOUNTING] Student NameCourse TitleProfessor NameUniversity NameSubject : Accounting Basics 2 ContentsIssues in workplace & resolution……………………………………………...………………2Role of an accountant………………………………………………………..5Application of the degree study ..…………………………………………..6Strategies …………………………………………………………………….9Role of professional accountants applied in the business…………………...9Public Interests……………………………….....…9Competing Demands………………………………………..9Regulatory Professional Accounting Bodies in ProfessionalAccountants………………………10Evolving Environment & Ethical considerations…………………………………10References list…………………………………………………………………..133 Issues In Workplace & ResolutionIn a generalised scenario it is often thought about the profession of the accounting, publicrelations dealing, and ways to handle issues & how it is resolve (Nelson, 1970). We haveoften think that the job profile of the accountant is todo something related to thecalculations, tax resolutions, doing with the auditing or related to the financial things.Theaccounting management is the crucial & the most important element of the organisation uponwhich the goals, profits/losses & ethics are dependent upon. But as the function works inrelation to the coordination with the other departments or in the back office often we tend toforget that vast varieties of the work which are managed by the professional accountantpeople in the day-to-day life.As we do an in-depth research on the elements of theprofessional accounting we will realise that there are some common basic elements pertainingto the internal auditors, chief financial officer & other independent accountants or directorshave a common elements which pertain to their roles & responsibilities operating inan organisation.Such responsible person should be a professional accountant which canwork inside to outside within an organisation operating.As accomplished professional accountants who are associated with a business can exercisevarious roles & be working in their career dimensions this could be into the fields of thepublic sector, non- public, business, professional regulatory bodies, non- profit organisation& show their educational skills in the fields of the teaching, educator or other relatedacademics.As professional have an in-depth knowledge related to the accountancy & otherinvolved calculations their expertise can be applied to the varieties of the field in the field ofaccounting as they have a vast knowledge.The first job responsibility of the professional accounting is to ensure the ethical frameworkis maintained in the organization in terms of finances. The second responsibility is todetermine & ensure that quality of financial reporting is adhered to.Due to the professional4 "