Accounting Career Paper

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.

Certified Public Accountants handle a variety of jobs and task. They can offer tax income tax preparation and advise to range of clients including individuals, small businesses, and corporations. Some might choose to work as a forensic accountant to investigate accounting fraud that requires reviewing accounting reports, records and systems to expose any evidence of criminal activities. Other might choose a different path like consultation service, because they rather assist in financial matters with a private clients, not-for-profit organizations, government institutions and financial firms.

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

Being an accountant, you're expected to finish all the work your employer or boss gives you, help and train new accountants, network and get new clients, and do their work while on salary all at the same time. This means whether you work 40 hours or 100 hours, you make the same amount of money. There is a cost in being an account though, with all the hours worked, you don't get an outside life. You are either working, traveling, networking, or sleeping, but the biggest cost to me is you don't see your family nearly as much as you should, and family is

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

As a financial examiner their typical duties are: monitoring the financial condition of banks and other financial institutions, reviewing balance sheets, operating income

Bureau of Labor Statistics. (2014).Accountants and Auditors. Occupational Outlook Handbook (2014-15 ed.). Retrieved from http://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm

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.

Work by yourself, without a team B. Public accounting 1. CPA firms generally require the following types of qualifications: auditing, income taxes, accounting and review, and consulting service 2. Job often involves pressure, a lot of traveling travel, and over time. C. Private Accountant 1. Verify the accuracy of an organization's financial Records 2.

Another benefit is that Accountants only need a Bachelor’s Degree as well as a certification stating that they passed the CPA exam. Those are the only requirements to practice accounting in New York; being licensed and owning a Bachelor’s. Most people do not know or care enough about accounting, which in turn makes it a much demanded field by companies and

Next, let’s take a look at what it takes to become a forensic accountant. According to AICPA.org, there is a lot of work to be done before you can call yourself a forensic accountant. You must first be licensed as a Certified Public Accountant. Then you must pass the Certified Financial Forensics examination, complete the CFF Credential application, and pay the credentialing fees. You need 1,000 hours of business experience in Forensic accounting within 5 years, and 75 hours of forensic accounting related Continued Professional Education. After all this completed, you can sign the Declaration of Intent to comply with the requirements of CFF recertification. There are many schools that offer specific courses and degree programs in forensic accounting, such as Southern New Hampshire University. They are generally master level programs. The most important item is the work experience.

Students wishing to become business administration professionals have to participate in undergraduate or MBA programs to get according degrees. Also when it comes to accounting, a subdivision of business studies, students usually need to take several years of authorized examinations in order to become Certified Public Accountant, shortened as CPA.

“Most employers require a minimum of a bachelor’s degree in accounting to work in an accountant or auditor position.” (Kelchner, 2013). To acquire a Certified Public Accountant license a minimum of a Bachelor’s degree is needed along with 150 undergraduate hours from a college or university. Some companies want their accountants to have a graduate degree depending on the position available. To learn to manage your own business a Bachelor’s degree would be sufficient coupled with some hands on experience. Different states have different requirements for accountants such as, specific courses and a minimum amount of semester hours in accounting. Some states even require business courses from accounting majors.”‘ Work experience can provide additional training and education for accountants. State boards of accounting may require are that candidates for a license complete a number of years

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

Accounting professionals are in very high demand. The nature of work in accounting is so vast an individual would have so many different areas of accounting to choose from. Accounting requires people who can work with complex business structures, computer systems, and financial analysis packages. Accounting work further requires an aptitude for mathematics and the ability to compare and analyze accounting data quickly. Accountants also need to have strong communication skills as they must effectively communicate accounting data to their employers and/or clients. The accounting profession also demands a high level of integrity and morality because the financial data prepared by accountants is used by business managers to run their