ACC 201 Final Project Part II: Professional Relevance Essay
Kiera Rausch
Southern New Hampshire University
ACC 201 Final Project Part II: Professional Relevance Essay
Once I earn my degree in Business Administration and Human Resources, I plan to
pursue a career in human resources with my current employer. Currently I do not encounter very
much accounting, however I do track inventory and complete tasks in a timely manner.
Prolonging the tasks given to me could cause an increase in payroll, and effectively cause the
cost of wages to increase. With my aspiring career I will encounter much more accounting than I
currently do. I will be in charge of hiring personnel, conducting payroll and ensuring its
accuracy, and strategically using marketing for our store. This will include filling out different
financial statements to record the cash flow of the business and ensure the adjusted balance
sheets are correct. I will also be in charge of recording the money spent for supplies into the
journals and recording the supplies used monthly. Accounting will be much more prevalent in
my aspiring career.
One transaction I will encounter in human resources is payroll. I will largely be in charge
of scheduling and completing the payroll each week to ensure each employee gets paid for the
hours they worked. It is incredibly important to ensure there are no mistakes made while
scheduling and documenting the wages. If I were to overschedule the employees, it would raise
our overall cost of payroll. This would increase the spending of the company and bring the
overall income down. I will also need to make sure I am documenting the wages correctly in the
accounting journals. If I document a lower wage payout than I am supposed to, we will have a
surplus of cash at the end of the trial balance. This also will not accurately reflect the amount the
company spent on wages, which could cause them to assume that payroll is lower than it really
was. Documenting payroll and ensuring the scheduling is done correctly is crucial in helping to
maintain the financial statements.
Another transaction that is largely used in human resources, is the cost of supplies. I will
ACC 201 Final Project Part II: Professional Relevance Essay
frequently need to go purchase supplies for our employees and managers to help the store run
smoothly. We will also need to order supplies that are needed and ensure the counts of the
supplies are correct. Having an inaccurate count of the supplies could lead to me ordering more
than needed. This would increase the amount spent on supplies and lower the income overall for
the business. Keeping accurate counts will ensure that the correct amount of supplies are ordered
and the business can maintain a steady flow of income. This includes ensuring I document the
purchases correct into the journals and statements. Incorrectly documenting the supplies could
also cause similar issues to order the wrong amount. It could affect the balance sheet and cause
the