Dear Tomo,
Thank you for your twelfth message. My comments follow.
I am so sorry to hear you were in the hospital. I hope you are all well
now. This week we will talk about the financial information that is available
on the web for one company, Applied Materials. Applied Materials makes
the systems that allows other companies to make computer chips.
Technology developed by Applied Materials allows us to talk to each
other via our computers.
We look at several places where we can get financial information about
one company. The new lesson is at:
http://www72.homepage.villanova.edu/susan.stiner/cgu/investor01.htm
Sincerely,
Prof. Sue Stiner
Tomoko Iiduka wrote:
Dear Prof. Stiner,
Thank you for your twelfth message. I’m sorry, Pardon me for answering
you quite late. I was sick and in the hospital.I am sorry to be anxious.
But condition has already become good. Hoping to hear from you.
>1A.The population of the United States is about 285,000,000 (two hundredeighty-five million),
>and there are about 430,000 (four hundred thirty thousand) CPAs. What is the population of
>Japan and the number ofJapanese CPAs? Where did you find your answer?
Answer:Population of the Japan is about 120,000,000(one hundred twoenty million), and there are about 14,000.
I found this answer by
http://www.jicpa.or.jp/n_org/j-kaiin.html.
>Correct. In Japan, there is approximately 1 CPA for every 9,000citizens.
>In the US, there is approximately 1 CPA for every 650citizens. There are
>about 13 times more CPAs in the US as there are in Japan.
> 1B. Why are there more CPAs per capita in the US than in Japan?
Answr: That CPAs in the US are largely used to prepare and
file income and other tax returns. Many ordinary people use CPAs for
their taxes.
There are two main reason so many individuals use CPAs to file their
personal tax returns. (1) US tax law is very complex. (But so is
Japan's.) (2) The US uses a self-assessment system. Japan does not. In
the US, it is the personal responsibility of each taxpayer to tell the
government how much income he or she had and how much tax he or she
owes. In Japan, most individual income tax filings and payments are
taken care of by the salaryman's employer.
> 2. How many states require or will require the 150-hour plan?
> Answer:Currently in Effect 39,and Effective at a Future Date 9,total 48.
>In the AICPA list of jurisdictions requiring the 150-hour plan, two
>territories and one district are included. Guam and Puerto Rico are the
>territories. The district is the District of Columbia.
> 3How is the U.S. system of licensing CPAs different from the Japanese system?
Answer:The following three are raised to the difference in system of licensing CAPs of the United States and Japan.
1,the education requirement
The U.S.---atleast four years of college gducation
Japan---With [ if a first examination and the second examination are passed ] especially no conditions
2,The examination requirement
The U.S.---pass a two-day examination
Japan---pass one-day examination
3The experience requirement
The U.S.---one to two years'experience in public accounting
Japan---three years' experience in public accounting
>Your list of differences is correct.
>The Japanese system of tiered tests is quite different from the US
>system. The use of special schools to get the education for the
>Japanese CPA is different, too. I think these schools are called senmon
>gakko. Please correct me if I am wrong. In the US people with a
>bachelor's degree in accounting could successfully complete the CPA
>exam. Many US students take a review course, but it is just a refresher
>course. They are not learning much that is new.
Sincerely,
Tomo.
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