Question

The accounting profession (e.g., E&Y) expects accountants to master skills of:

A. Financial Analysis and Reporting

B. Spreadsheet Proficiency

C. Tax Planning and Compliance

D. Audit and Assurance

E. All of the above

Answer 1

The accounting profession requires accountants to be skilled in Financial Analysis and Reporting, Spreadsheet Proficiency, Tax Planning and Compliance, and Audit and Assurance, which are critical for various aspects of financial management.

Step-by-step explanation:

The accounting profession, including firms like E&Y (Ernst & Young), expects accountants to master a variety of skills. These skills include Financial Analysis and Reporting, Spreadsheet Proficiency, Tax Planning and Compliance, and Audit and Assurance.

Mastery in these areas ensures that accountants can provide value in different aspects of financial management and adhere to the diverse requirements of the field. Accountants must analyze financial data to create reports, use spreadsheets for data organization and calculation, understand and apply tax laws for planning and compliance, and conduct audits to verify financial information and ensure regulatory compliance.