Due: Monday, January 23rdat 10PM. You will need to upload yourinterview report to blackboard. Therewill be a 25 percent (of total possible points) penalty per day for lateprojects. This project is worth 15 points.
Purpose: The purpose of the Interview Project is helpyou understand the importance and relevance of accounting information for yourfuture career and personal life. You will utilize your communication skills tointerview someone about how they utilizing accounting or financial informationin their daily life. You will then summarize what you learned from yourinterview in a written report.
1.Determineperson you will interview. Please choosesomeone older than you that preferable has a full-time job but that is NOT anaccountant. This can be a family member.
2.Setup a time to meet them in person or have a phone conversation. Make sure to give them a general reason forinterview and the types of questions you might be asking so they have time toprepare.
3.Conductthe interview. You will want to ask questions about their background and thenhow they use accounting or financial information in the business or personallife. Please use the questions provided below asa general frameworkbut can be expanded upon or changed depending on information you receive. Make sure to take goodnotes.
4.Writeyour report. This needs to be 2-3 pages, single spaced, 1 inch margins with thefollowing headings.
·Thisneeds to include name of person interviewed, why you selected this person, dateof the interview, and how the interview was conducted (in person orphone)
·Seelist of questions below for ideas
c.Accounting& Financial Decisions
·Seelist of questions below for ideas
·Mylist of questions is not comprehensive and your questions will vary dependinghow they use accounting information
·Youcould have several subheadings within this area if they talk about differenttypes of accounting information
d.LearningOpportunities in Accounting
·Thissection should be about what they wished they knew more about related toaccounting or financial information
e.Impactof the Interview
·Foryour conclusion, summarize what were the key items you want to remember from theinterview that will help you in college or yourcareer.
Ideasof Questions to Ask – These are only a few ideas of possible questions you couldask. You will have to tailor it to yoursituation.
2.Whatis your day to day responsibilities?
3.Whatis education background? Did you take any accounting classes in high school orcollege?
4.Duringcollege, what was your perceived view of accounting and/or financialstatements?
5.Whatdid you think you would do after graduation? How did your planschange?
CurrentRole or Any Position Since College:
1.Inyour current role, do you have to review any internal or external financialstatements?
2.Areyou responsible for any budgeting or forecasting for yourdepartment?
3.Doyou serve on any board of directors for companies or non-profit? Do you have toreview any financial statements?
4.Foryour own personal investments – how do you decide what investment choices tomake?
5.Whatdo you wish you understood more about regarding financial statements or howfinancial results impact stock price?
6.Doyou every feel like there is miscommunication between your department and theaccounting department on financial information or financialreports?
1.Doyou have to monitor any controls at work? Are you required to report or documentwhat controls are in place?
2.Haveyou ever had an auditor come talk to you about controls in place? If so, whatwas that like?
3.Atyour current company, does it seems like your company values internal controlsand the importance of internal controls?
4.Whatdo you see as the biggest risk at your company for fraud tooccur?
1.Doyou prepare your own taxes or have someone prepare yourtaxes?
2.Doyou feel like you have a good understanding of incometaxes?
3.Doyou need to know anything about taxes for your currentjob?
4.Whatdo you wish you knew more about regardingtaxes?
5.Doyou understand tax structures or impact of taxes on long-termretirement?