A Career In Accounting
Picture: Career in Accounting |
A Career In Accounting. Accounting is the study of how businesses track their income and assets over time.
Accountants do much more than the generic presumptions; they
compute costs and efficiency gains from new technologies, participating in
strategies for mergers and acquisitions, quality management, developing and
using information systems to track financial performance, tax strategy, and
health care benefits management.
The career is a highly momentous and versatile. The field is
usually divided into three broad areas: auditing, financial/tax and management
accounting. Audit: Work in audit involves checking accounting ledgers and
financial statements within corporations and government.
Budget Analysis:
Budget analysts are responsible for developing and managing
an organization’s financial plan.
Financial:
Financial accountants prepare financial statements based on
general ledgers and participate in important financial decisions involving
mergers and acquisitions, benefits/ERISA planning and long-term financial
projections.
Management Accounting:
Management accountants work in companies and participate in
decisions about capital budgeting and line of business analysis.
Tax:
Tax accountants prepare corporate and personal income tax
statements and develop tax strategies involving issues such as financial
choice, how to best treat a merger or acquisition, deferral of taxes, when to
expense items and the like.
Various levels of skill are apportioned dissimilarly amongst
the divisions which implies that depending on your position their will be
specific demands on your adeptness, while average A Career In Accounting
speaking skills are requisites for all areas; the ability to
synthesize varies from throughout each. Audit accounting requires a medium
level of skill, tax and financial demands a low level of skill, and Management
accounting a high level of proficiency.
Entry level accountants can expect a very team oriented
environment. Often they will start as a junior member of a team responsible for
auditing an important account or preparing financial statements.
It is imperative that junior members learn to pull their
weight, and function as a capable, effective, and useful member of the unit.
Anyone interested in the field can prepare for a bright career. A Career In Accounting
According to the bureau of labor statistics their have been
considerable increases in job openings, reflective of the fields growth and
competitiveness. With the right skills and education this growth establishes
the possibility for an incredibly profitable career.
Read Also:
A Closer Look At Accounting Program
Top firms include KPMG/Peat Marwick, Ernst and Young,
Deloitte and Touche, Arthur Anderson, Price WarterhouseCoopers, Grant Thornton,
BDO Seidman, and McGladerly and Pullen. A Career In Accounting
College graduates seeking entry level positions should
consider employment with these firms. Most people do not make partner at public
accounting firms but the experience and training can be excellent.
From there, many move on to careers with an accounting focus
in business or government. Ambitious talented accountants can advance their
career with the acquisition of skills and experience along the way and
subsequently enjoy a very successful career. (*)