Statement of Purpose

Question: Discuss about the Statement of Purpose. Answer: Introduction: Accounting is a field that I had fascination from my higher school days. Most of my family members are engaged in professions of accounting that have inspired me to frame my career in this field. When I was in my graduation days, I used to help my father in his work regarding stock markets, other financial instruments, and managing a portfolio of equities. This had helped me in gaining a deeper understanding of different financial instruments. In fact, my father provides me the first lesson about the stock market. However, this is the turning point of my career life. I had made my mind choose accounting and finance as my career option. While pursuing my career I have experienced many challenging and exciting events. I have understood that investment professionals are responsible for analyzing risks and managing assets while ensuring the future success of the particular organization. I have opted Bachelor of Administrative Science with significant accounting in King Saudi University R iyadh and dreamt of working in Capital Market Authority (CMA). While studying, I had done an internship in the year of 2011 from Mobility where I had focused on individual function units of accounting in the company. Internship during my bachelor days is the starting of my career. However, I have worked for dew months, but it was a great experience and an incredible exposure of learning about basics of accounting. After completing my graduation in King Saudi University, I worked there as a faculty in international finance reporting standards. The most important aspect while teaching students at the University is preparing various developing instructional programs and course material adhering to comprehensive and accuracy. This facilitates students with vivid learning exposures while overall development of their learning process. I have worked in Saudi Industrial Development Fund. In that organization, I build and format Excel reports from data collected from different financial information and imported reports. After that, accounting and processing financial transaction of loan payments. While working in this organization, I had earned a good experience and basic knowledge about necessary financing and accounting in organizational perspective. To enhance my skills of expertise and knowledge base, I had decided to pursue masters in this field. Hence, in the year 2015, I had completed my master degree in Accountancy. The area of specialization was financial and audit. Earning a master degree in this particular domain helped me enriching my knowledge and experience in finance and accounting. It acts as a compliment for my bachelors degree in accounting. My background in accounting in both studies and job provided me significant concepts of theories of financing along with its practical implications in organizations. My part time work enhanced me in gathering knowledge about the prospects of the field. While working in groups, I have learned what is happening in the world of finance. By conducting extensive research and consulting my senior officials, I collected information about the growth and scope of the sector in a particular field. My research about the framework of the financial sector is in the stock market. As an international student, I had a dream in working in CMA from my undergraduate days. To fulfill this dream, now I have decided to pursue a GDP program for enhancing my knowledge in stock market and other financial instruments that are still unknown to me. Apart from having a master degree in Accounting from Cleveland State University, I have decided to complete the nine months GDP program that will enhance my skills in the financing and accounting sector. The GDP program is formulated for the professionals for providing a global recognition of the degree offered by the Institute. The program is usually opting completion of the GDP program will help me in securing a good position in CMA, my dream company. Throughout my career life Apart from performing my duties in organizations, I have searched for better opportunities and scope of career in the stock market of Saudi Arabia. My desire of learning abou t stock market of Saudi has encouraged me to pursue different professional certified courses that will add value to my list of expertise. The stock market of Saudi Arabia is a booming market with ample of opportunities for financial growth. Capital Markets Authority is a government organization of Saudi Arabia that regulates capital markets of Saudi Arabia. The company is focused on administrative independence, legal, and financial departments while reporting to Prime Minister of the country. The organization formulates many regulations related to capital markets along with other financial instruments. However, there are various divisions of the company such as market supervision, enforcement, issuance corporate finance and capital market institutions control. Among the four categories, my area of preference is the last one i.e. the Department of the capital market. However, to get a higher designation in the company many skills and competencies, various skill sets are required. The market is very competitive in nature. Hence, I am planning to increase my skills. Information about the company background as well as fin ancial market, the capital market should be kept up to date. Since, the market is volatile in nature, the value of stocks, equity and other financial instruments are regularly changing. It is crucial for a financial professional to keep himself updated about every detail about capital markets. I have planned many things for acquiring a deserving position in my dream company. Learning has no ending. I usually engage myself in the continuous learning process of different things about capital and stock markets. My immediate planning is to complete a graduation development program in the field of accounting. On completion of the program, I will be able to enter CMA without any complications. The basic criteria for getting a position in the organization are more or less covered by me. However, in my near future, I have a planning to become a certified public accountant along with Scopa as an international employee to broaden my opportunity in the field of accounting. I hope my grasp of knowledge gathering and my qualifications will be suitable for joining the organization. Bibliography Al-Malkawi, H.A.N., Pillai, R. and Bhatti, M.I., 2014. Corporate governance practices in emerging markets: The case of GCC countries.Economic Modelling,38, pp.133-141. Al-Malkawi, H.A.N., Twairesh, A.E. and Harery, K., 2013. 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