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Do you enjoy college life? Do you enjoy teaching others? If therefore you might want to consider a career as a college professor. Even though a position as a college professor may pay less than some other career alternatives the intangible benefits are beyond measure. A college professor is able to make a real difference in the lives of hundreds even thousands of students over a career. Students come to college with great prospective but are in need of some additional training and guidance. The job of a college professor is a valuable investment in our nation's most valuable resource that is people.
College faculty in general teach fewer hours each week than elementary and secondary school teachers. This is for the reason that most college faculty have at least two additional important responsibilities research and service. The research component represents distant more than just summarizing what others have already learned. It represents inward at new knowledge by discovering things that previously were unknown. For example accounting research has demonstrated the ways in which accounting numbers such like earnings and stockholder's equity are related to stock prices. This exemplifies the importance of accounting numbers and has resulted in a large stream of discovery called Capital Markets research. In addition teaching and research most faculty have significant service responsibilities as well. Accounting faculty are concerned in service to the university the accounting profession and to the general public. Many college faculties dedicate 10-20 hours or more each week to the service component of their jobs.
Why is it important for accounting information to be accurate and timely?
Q. Transactions affecting only the balance sheet? Since every transaction affecting a business entity must be recorded in the accounting records analyzing a transaction before
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