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Careers

Careers. Obj. 7.01 Understanding Accounting Career Opportunities. There are many accounting career opportunities with varying educational and experience requirements. Accounting Clerk Bookkeeper Accountant Certified Public Accountant. Accounting Clerk.

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Careers

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  1. Careers Obj. 7.01 Understanding Accounting Career Opportunities

  2. There are many accounting career opportunities with varying educational and experience requirements. • Accounting Clerk • Bookkeeper • Accountant • Certified Public Accountant

  3. Accounting Clerk • Responsible for recordkeeping for payroll, accounts receivable or accounts payable. • Usually requires one to two accounting courses. • Requires little or no work experience.

  4. Bookkeeper • Responsible for recording business transactions. • In large firms, may supervise accounting clerks. • Usually requires one to two years of accounting education plus experience as an accounting clerk.

  5. Accountants • Responsible for preparing financial statements and reports for a business. • Possibly supervises bookkeepers. • Usually requires a bachelor’s degree. • Sometimes can be filled with a person who has experience as a bookkeeper or has a two year degree. Size of the firm will impact the education and experience requirements.

  6. Certified Public Accountants (CPA) • Trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. • Requires a certain amount of education and experience as well as passing a Uniform CPA exam. Majority of the states require 150 credit hours of education at an accredited college or university as a prerequisite to CPA certification.

  7. Accountants usually choose one of the following career paths to practice: • Public Accounting • Managerial Accounting • Governmental Accounting

  8. Public Accounting • Accountants that work for pubic accounting firms which provide services for other companies. Most accountants are CPAs. • Provide services such as: • Auditing – Reviewing financial statements to assess their fairness and if they adhere to GAAP. • Tax Accounting – Involves tax compliance and tax planning. • Management Advisory – Helping customers improve their business performance.

  9. Managerial Accounting • Also known as private accounting. • Involves working for a single business in industry. • Provides financial information about business segments, activities or products.

  10. Governmental Accounting • CPAs in government have responsibilities in the areas of: • Auditing • Financial Reporting • Management Accounting • Types of Governmental Accounting • Federal Government • State and Local Government

  11. Federal Government Some areas in which accountants work at the Federal Level are: • FBI • IRS • Securities and Exchange Commission • Homeland Security • Department of the Treasury • General Accounting Office

  12. Federal Government Duties may include: • Investigating white-collar crime • Managing financial statement audits for government agencies • Performing research and analysis on financial management issues • Testifying before a legislative committee on an audit or on the impact of pending tax legislation

  13. State and Local Government CPAs are involved in conducting financial, performance, or compliance audits which may include: • Analyzing a school district’s ability to remain viable • The propriety of expenditures for constructing prisons • The effectiveness of the worker’s compensation system • The regulatory compliance of hazardous waste programs

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