Summary 2

Hurricane Katrina had the most devastating impact on Louisiana where its barrier islands had suffered heavy losses, resulting to island chains such as Chandeleur Islands to scarcely exist. The island plays an important part in protecting coastal communities from natural disasters, damages would be worst without them. Now most of the islands are reduced to sandbars with acres of marshes washed out and both freshwater and saltwater marshes have been completely blown out by Hurricane Katrina. Therefore, it is unlikely for vegetation to grow back as they disappear and their remains turn an unhealthy shade. Fishermen and state agencies report that Katrina dramatically affects the local sea harvest and the officials estimate that two-third of the oysters might be destroyed. As a result of the catastrophe, US had to import oysters from other countries to increase their supply. As a result, people dependant on the oyster industry found themselves unemployed and unsettle.

Future thoughts about career

I choose Accounting because I feel that it is interesting to deal with numbers. As more people offer a job for accounting, there is a higher percentage of getting a job as an accountant than any other. Being an accountant can help you in the future as you may need accounting skills to see how much you earn or lost in a business and how would it benefit you. When doing accounting there is an accounting equation. Asset = Liabilities + Owner's Equity. Goods are called Purchases and the goods you sold are called sales. There is also a Double Entry, Journal so that you could see clearly how to calculate. But make sure that both of the accounts debit and credit balance.

Information on Job

The career that I am going to choose is being a Accountant. Here are some details. 

Accountancy^[1] or accounting is the system of recording, verifying, and reporting of the value of assets, liabilities, income, and expenses in the books of account (ledger) to which debit and credit entries (recognizing transactions) are chronologically posted to record changes in value (see bookkeeping). Such financial information is primarily used by lenders, managers,investors, tax authorities and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies. Accounting has been defined by the AICPA as " The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof." ^[2]

The word Accountant is derived from the French "Compter' which took its origin from the Latin "Computare". As a proof of its derivation the word was formerly written in English "Accomptant", but in process of time the word which was always pronounced by dropping the "p" became gradually changed both in pronunciation and in orthography to its present form. From the word Accountant the term Accountancy is derived.^[3]

Financial accounting is "a major branch of accounting involving the collection, recording and extraction of financial information, and the summary of it in the form of a periodic profit and loss account, a balance sheet and a cash flow statement in accordance with legal, professional, and capital market requirements"^[4]. By contrast management accounting information is used within an organization and is usually confidential and accessible only to a small group, mostly decision-makers. Open-book Accounting aims to improve accounting transparency.Tax Accounting is the accounting needed to comply with jurisdictional tax regulations. Accounting scholarship is the academic discipline which studies the theory of accountancy.

The related, but separate financial audit comprises internal and external audit. External audit - carried out by independent auditors - examines the financial statements and accounting records in order to express an opinion as to the truth and fairness and adherence to Generally Accepted Accounting Principles (GAAP), or International Financial Reporting Standards(IFRS). Internal audit aims at providing information for management usage, and is typically carried out by employees.

Hobbies & Interest

During my free time, i would have some hobbies. For example, I would draw, listen to music, design clothes, read books, create blog skins and play computer games. I have many likes and dislikes too. I like to listen to music, play the piano and i love mathematics! For what i dislike, I don't have any yet. I feel that school life is fun and interesting as you may learn a lot of things from your friends and not anything that can be found in books. Although lessons may be boring, we still need to study to improve ourselves and create a better future in our career.