Ohrenberger School

Accounting has been defined as, accounting professor at the University of Michigan, William A. Paton as having a basic function: ‘facilitating the administration of economic activity. This function has two closely related phases: 1) measurement and predispose to economic data, and 2) communicate the results of this process to interested parties.

As an example, a company’s accountants periodically measure the profit and loss for a month, quarter or fiscal year and publish these results in a profit and loss statement is called a statement. These statements include items such as accounts receivable (what was owed to the company) and accounts payable (what the company owe). It can also be quite complicated with subjects like retained earnings and accelerated depreciation. This at higher levels of accounting and organization.

Much of accounting but also deals with basic accounting. This is the process that records every transaction, every bill paid, every dime owed, every dollar and cent spent and accumulated.

However, the owners of the company, which may be individual owners or millions of shareholders are more concerned with summaries of these transactions, contained in the financial statement. The financial statement summarizes a company’s assets. A value of an asset is what it costs when it was acquired. The financial statement also records what the sources of the assets were. Some assets are in loans that have to be returned. The benefits are also an asset of the company.

In what is called double entry bookkeeping, the liabilities are also summarized. Obviously, a company wants to show a greater amount of assets to offset liabilities and profitability. The management of these two elements is the essence of accounting.

There is a system for doing this, not every company or individual can devise their own systems of accounting, the result would be chaos!

The Tampa Bay area is home to several law schools including Stetson University and the Florida Metropolitan University (several other options are available for pre-law studies including Eckerd College and the University of South Florida); however, the process of admissions for these graduate programs are very similar to other law schools, therefore becoming a Tampa attorney is largely dependent on certain criteria. This criterion includes a high grade point average throughout you undergraduate program, a strong score on the LSAT (Law School Admissions Test), convincing and impressive written recommendations, and usually the successful completion of a series of interviews with the admissions department.

The LSAT is a lengthy examination that all law schools across the United States has developed in order to clearly define the abilities of diverse and unequally educated individuals from all over the world. By having all applicants take the same test and answer the same questions, each school can competently and confidently classify those individuals seeking admission. While there is not magic number that automatically denies an applicant admission, there is a score that all accepted individuals averaged. Last year that score was one hundred sixty-six, or in the seventy-fifth percentile. This means that, on average, to be considered for acceptance you have to score better than seventy-five percent of those who took the test. To put it another way – only twenty-five percent of those who take the LSAT proceed to law school.

The next most important thing that most schools consider is your undergraduate transcript and grade point average. While the American BAR Association does not delineate any particular undergraduate major, it is recommended that you chose a major that enhances certain occupational skills including analytical thinking, problem solving, excellence in written and oral communication, and attention to linguistic detail. However, it is usually suggested that you chose a major you have a strong interest in. Individuals usually find it easier to maintain a high grade point average if they enjoy the topics they are studying.

Like the LSAT scores, there is no hard and clear number that automatically guarantees success or promises failure when law schools consider the GPA of a future Tampa attorney. Again, however, there is an average of those who have been accepted into a law program and that average is 3.85 on a four point scale. This is better than an A- average throughout your undergraduate career. It is, therefore, very important to do well in all of your classes – even one slip up and mean the difference between acceptance and denial.

 All things being equal between two similar applicants, most law schools turn to written recommendations and ultimately admission interviews. Recommendations should be concise (rarely longer than one page typed) and should be written by the most academically impressive individual you can find. A college professor who is well known or well written, a dean of a university, or any other relevant persons is a strong choice. Remember the emphasis should be placed on the quality of the recommendation and not the quantity. Shoot for two or three strong individuals instead of dozens of recommendations from all of your professors.

Some schools impose an interview process before admission is granted. This may only involve the admissions office, but more likely would involve the president of the school and other board members. It is designed to see how an individual reacts under pressure and also how well spoken they are.

Law Schools are not easy to get into. Therefore they use a tough method to chose those individuals who are most likely to succeed.