Currently, I am only a sophomore here at Syracuse University in the Whitman School of Management. I am an accounting major, with maybe an addition of a second major of supply chain management. I am not sure where to actually start for my capstone. Are Sophomores even thinking about what they are going to write? Can I just wait until my senior year to start thinking about it?
Apparently, though we ‘should’ be thinking about what we are going to write a long paper on now. And I do know that I want to write about something that is about my major. I want to experience things that would inspire me to write something. This event could be something as simple as working in an accounting firm or waiting for the next big financial scandal. Which is why I want to wait, because these events are things that are related to my major that I might want to talk about. That might even be mandatory. Things happen within the finance industry all the time, and I want to write about some cool event. Events like big ponzi schemes, bailouts, mergers, and the Enron case would be fun to really dive deep into. Also, when I was looking through the previous capstones, they were somewhat similar. I want to make mine interesting so that not just accounting people would want to read it.
Maybe another idea would be the role of technology in accounting. Last night, my accounting fraternity (Beta Alpha Psi) has a meeting with an accounting firm, Ernst & Young (EY). They brought a few young professionals, and another employee that only works in their technology department. He talked about the potential for robots in the accounting field and how this would not lose jobs, only gain more. Thinking about it now, this could be a cool topic for a capstone. I could explain how this industry has moved from using pencils, paper, and books, to artificial intelligence, robots, and automation.
Funding for this project would be particularly easy. I could ask to go to accounting firms to see what technology they would be using.
I was looking through the previous capstone projects, searching for something that was related to accounting. I found one about profits, which is definitely is used in accounting. Accounting majors do not take many writing classes (this one), so it was interesting that I found one related to something in the field of accounting. Spring 2016 graduate, Byron Dela Rosa, wrote this capstone. It is titled, “Profit Shifting and Manipulation”, which gives the reader warning that this paper is about the accounting/finance industry. I like it because it connects to accounting, without the whole essay being about accounting. Written by an accounting major, Dela Rosa goes into the subject of companies manipulating their income within foreign markets.
This topic is not very specific to accounting, but it does fit in the overarching industry accounting falls into. He writes about profit shifting: when a country that operates in two separate countries, the company moves their profits to the other country to get a smaller percentage of income tax. He explains how this is a legal practice. More countries than one would think do this because it is legal. There are some barriers for companies getting into these markets. At the end he gives some examples for countries that have different ways of profit shifting.
Dela Rosa was very clear and I liked his real world examples. He explained terms well and they were placed in the right sections of this paper. Also, his examples of major companies were relatable because of their popularity. I hope that I could write mine with all of these simple things in mind.