Accounting As A Career

Accountants are responsible in analyzing and assessing the revenue, expenses, reporting financial matters and giving advice about the financial health of their employer. They help their client to know the best way to run a business by tracking and analyzing where does the money of the business go. They also give suggestions on where money could be made and advice in budgeting the money in the business.

Therefore, if you are studying accounting in college you should have an idea of kind of accounting field you wish to enter. There is a quote that said, “CPA is always an accountant, but not all accountants are CPA.” Hence, there are a number of accountants who never pass the CPA exam and though they can perform a variety of accountancy task, they are not allowed to perform certain tasks that only a CPA can do. Hence, no matter if you are, a certified accountant or not you there will be a place for you in the accounting field. The larger companies will go out and hire a CPA (Certified Public Accountant) in order to maintain some form ethics within the company. However, the small businesses might hire an accountant to perform duties as a managerial accounting, cost accounting, and financial accounting.

The profession of accounting is a one that is highly regulated, due to the knowledge and power each accountant possesses. Although an accountants duties differ from one position to the next, the main sectors that accountants pursue are auditing or taxation. Auditing is ensuring the public that the information listed on the financial statements of public companies is free of material misstatements. While taxation is helping people or companies file their tax returns to the federal government or offering tax advice. In the world of auditing, you either follow the Public Company Accounting Oversight Board (PCAOB), for public company audits, or the American Institute of Certified Public Accountants (AICPA), for other entities

“The accounting system generates the information that satisfies two reporting needs that coexist within an organization: financial accounting and managerial accounting” (Schneider, 2012, ch 1.1, para 1). Managerial accounting is the process of preparing reports and accounts required by management to make business decisions for daily, weekly, monthly, and yearly projects. Financial accounting is the branch of accounting that organizes accounting information for presentation to interested parties outside of the organization. Financial accountants produce annual reports for external

Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions. These activities include computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial

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They require to make many various reports such as assets and liabilities, loss and profit, or other financial documents. Some other tasks they may do is to design accounting systems, financial forms, and instruction manuals for the firm’s accounting and bookkeeping workers to use. They give advice to the companies upon the investment, tax strategies, and risk management. They sometimes can train some other lesser skilled employees. Public accountants work for pubic accounting companies. They usually work for the offices, and they would use the computers as the reference and calculations.

My overall career goal is to obtain my CPA license. To obtain my CPA license, I will first obtain my associates degree in accounting, Associates of Applied Science. This degree will help myself obtain an entry-level position in the accounting fields. By obtaining my associates degree in accounting, I will count with a two-year background in accounting. This experience with help me obtain a part-time job or internship in my field. With the courses, I have taken, this has provided me with an overall view of the preparation of financial statements, journal entries, and QuickBooks software.

More and more college students are pursuing a degree in accounting--and for good reason. With a good job outlook and an average salary of over $60,000, it makes sense that accounting is becoming a very popular area for study. However, not everyone is interested in a job that keeps them at a computer or in a cubicle for the better part of every day.

The jobs of an accountant and insurance claims clerk captured my attention instantly. Their duties don't seem so stressful and sound interesting. I believe that the primary reason I am intrigued by both careers is because they involve mathematics and assisting people. Mathematics is very straightforward for me and I actually enjoy it. I also enjoy assisting other individuals, in my opinion its a great combination for me. However, the only part that bores me is that I will have to be seated for quite a time, running files and double checking information for both professions. Both careers have different duties, salaries, and levels of education required, furthermore, we will compare both jobs.

Tax accountants are in charge of individual tax returns, businesses taxes, audits, and other forms of tax record keeping. According to the U.S. Bureau of Labor Statistics (BLS), Tax accountants earn an annual mean wage of $56,890.

I am an ambitious, creative and enthusiastic individual. Since childhood I have enjoyed maths, as it is challenging and consists mostly of problem solving. Therefore, wanting to further my career in finance and accounting. I am a sociable individual who gets on well with others. I am computer literate; therefore I am familiar with software's such as Excel and publisher, and I believe that this skill will help with my progress in accounting. I work well on my own and within a group, which makes me an ideal candidate for an accounting degree.

CPAs perform an essential role in society, and they are responsible to all those who use their professional services. CPAs have a continuing responsibility to improve the art of accounting, maintain the public’s confidence, and carry out the profession’s special responsibilities for self-governance (The CPA Journal, 2004).

There are four main fields of accounting and auditing listed by the Bureau of Labor Statistics: "public accounting, management accounting, government accounting, and internal auditing." CPAs are not limited to a narrow list of activities, in fact public accountants typically work with a "broad range of accounting, auditing, tax, and consulting

Following the undergraduate degree, an accounting student would choose an exclusive area to specialize in and work towards a completion of an additional year in university to finalize the 150 credit hours required in accounting to be eligible to sit for the Certified Public Accounting board exam. The 150 credit hours are needed to obtain the required body of knowledge and to develop the skills and abilities needed to be a successful CPA. After the theory portion of the educational experience is completed, the most important aspect becomes practical experience. Practical experience is what drives the market. The American Institute of Certified Public Accountants requires that either a one tier or two tier systems is required to obtain the CPA designation. This requires that relevant work experience is needed to become certified. This hands on experience helps to position a potential certified public accountant for a long and successful career. This professional curriculum is very detailed and requires a lot of individual steps entailed to reach the point of designation. If it were made into a professional school these segregated steps combined together would not only help to make things simpler, but it would allow the accounting profession to be similar to the curriculums of medicine, pharmacy and law. With an undergraduate degree, graduate theory and practice for four