The Importance Of Competency In Accounting

“It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations (accounting), enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.” Alan Greenspan, who served as a Chairman of the Federal Reserve of the United States from 1987 to 2006, was known for his successive four-year intervals serving as this position, and retiring in January 31,2006 after the second longest tenure in this position. Ever since I was in middle school, I have always had this mental drive to be involved in mathematics, whether it was going through step by step instructions on basic problem solving equations,

Along the way, future accountants need to answer a number of questions: Do I possess the qualities needed to become an accountant or CPA? Can I start a successful career after four years of college or do I need to earn a master’s degree? Should I work for a large corporation or firm, or would I be better off on my own? Of course, you must finish your high school career and earn your diploma, but also you are push to attend a college that offers this course, such as Georgia Southern University, and earn at minimum a bachelor’s degree in accounting. During my college classes I will apply for an internship being a CPA’s assistant to step into their shoes and see if this is what I really would like to do for the rest of my life. But if that should fail, accounting offers many more positions that just a CPA, such as Financial Managers, Sales Manager, Corporate Manager, and also a Supervisor. To become a CPA (Certified Public Accountant) you can sit for the CPA Exam with a Bachelor 's degree, as long as it includes at least 24 semester hours in business, including at least 12 semester hours in

Accountants are in high demand. As long as people need help with taxes, and as long as businesses exist accountants will be needed. According to the Bureau of Labor Statistics, accountants ad auditors or projected to grow by 13% through 2020. Also, as an accountant your are not tied down. While the highest salaries are generally located in largest metropolitan areas, companies everywhere need accountants. If you’re looking to relocate or start a new career in a fancy new city, accountants aren’t necessarily tied down to a specific location. Accountants are needed all over the country. Another final benefit could be that you very much have the opportunity to be paid well. The median annual salary for an accountant in 2012 was $63,550, according to the Bureau of Labor Statistics. In fact, “U.S. News & World Report” says the top 10 percent of accountants earn more than $100,000 per year. Disadvantages are also a must see problem while looking into this career. They include the work-life balance, which summarizes long work days during the months of March and April because of tax return season. Some hours include 80 hours per week. The final disadvantage that really grabs my attention is the challenge of getting certified to be an