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Differences between public accounting and private accounting
Essay an accountant career
Essay an accountant career
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Analyzing numbers, organizing many pieces of paper, and working overtime during tax season. Accountants deal with all of this, plus more! To better your education and cover some costs scholarships, schooling, and degrees are important to have when working to become an accountant. Will there be a need for career accountants in the future? Will there be job openings for accountants when you enter the workforce? These are all questions that you have to consider when examining the option of becoming an accountant as your occupation which you want to succeed at in the future.
There are several different types of accountants and auditors (“Accountants” para. 13). Public accountants primarily focus on tax issues for businesses and individuals (“Accountants” para. 15). Many public accountants are CPA’s, Certified Public Accountants (“Accountants” para. 16). Government accountants are usually employed by government agencies, and examine tax records (“Accountants” para. 21). Management accountants analyze data that is not intended to be used by the public (“Accountants” para. 19). Internal auditors work to eliminate corporate waste and fraud (“Accountants” para. 22). Information technology auditors work with computer systems to verify system accuracy (“Accountants” para. 23). The route of this occupation, accountant, is business information technology (“Accountant” para. 2). Accountants’ type of work may vary with the position they hold in the business or trade (“Accounting Job” para. 11). With each and every document accountants investigate, they have to ensure the records follow the legal rules and are completed correctly (“Accountants” para. 9). Accountants monitor what a business or client plans to spend compared to what they actually...
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...inois.org/Career_Planning/Career_Profile/Career/Profile.aspx?id=eCgJamokErCyVefln4ztrAXAP3DPAXXAP3DPAX>.
“Accountants and Auditors.” U.S Bureau of Labor Statistics. U.S Department of Labor, 8 January
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Why should you have an accounting degree in the first place? You should have an accounting degree because there are always jobs in this field and the chances you will actually get a job are really high in either public or private accounting firms. People say, having an accounting degree can have 360 different job opportunities. You can work anywhere because everyone needs an accountants from in businesses, for the Government, or even by yourself the options are unlimited.
The stereotypical image correlated to the account mirrors that of a public accountant. An individual working as a public accountant can expect to work as an independent third party to a multitude of companies. As this third party it is their duty to oversee financial transactions to ensure that the statements of not only the company, but also its’ supporting companies, correctly correspond and match up to the position, results and cash-flow of the clientele. This general quota outlining a public accountants job description is not the same for a private accountant. The main difference between a public and private accountant is that unlike the public and its handle on a multitude of accounts, a private accountant specializes with a certain company or field. With this specialization, a private accountant tackles setting up a system that records the transactions within the business. The recordation of the transactions is then generated into statem...
I had a different pursuit in careers in becoming an Accountant. The reason I wanted to pursue being an Accountant was for my love for math. Math was always my favorite subject, and I was excellent in it. Some teachers would even ask me to help others in the class that was struggling. At first, I did not take Accounting serious because I was still focused on wanting to play baseball. My goal of becoming an Accountant started because I not only stopped playing baseball, but ended my baseball career mentally in order to focus on my education. I had to make a choice, whether go to college only focusing on baseball and worry about student loans or go to a community college for free and focus on my education. I could see baseball would only get me so far, compared to receiving a higher education. My mom and grandparents helped make that decision, so I did not want to let them down by going after an unrealistic dream. On the other hand, since I was so good at math and it is an important skill to have an order to be an Accountant, setting that goal was an easy choice to
My personality and personal experiences have helped me to decide upon accounting as my chosen major. Before I immigrated to the United States in 2010, I had a small business in China for more than nine years. This experience and my desire to be an entrepreneur taught me the importance of accounting. In order to manage my business well, I attended a course in basic accounting at a local training institute. While in training, I learned that I loved working with numbers and applying financial analysis to economic issues. I have a passion for finance, economic issues, accounting principles, and the world of business and this has guided me to pursue an accounting major.
Accounting ethics has been difficult to control as accountants and auditors must keep in mind the interest of the public while that they remain employed by the company they are auditing. The accountants should take into account how to best apply accounting standards when company faces issues related financial loss. The role of accountant is crucial to society. They serve as financial reporters to owe their primary constraint to public interest. The information provided is critical in aiding managers, investors and others in making crucial economic decisions. An accountant is responsible for any fraudulent financial reporting. Some examples of fraudulent reporting are:
Accounting is basically a service activity. Its purpose is to provide quantitative information that principally used by the managers, investors, tax authorities, and other decision makers to make the financial decisions within companies, organizations, and public agencies. Accounting is also widely known as the “language of business.” An accountant measures, communicates, and interprets financial activities. They prepare financial statements or reports for individuals, businesses, government agencies, or other non-profit organizations. They use the accounting systems to categorize the expenses and income to the typical groups. They also keep tract of the money received or paid out to see if the transactions are accurate and complete. Accountants are familiar with the computer operation. They use the computer...
Management accountants use their skills to help with decisions that help a business make good decisions so they company will be valuable and in an ethical manner. They assess risk and implement strategy through planning, budgeting, and forecasting. Now managerial accounts have become critical with their analysis while managing a business. They do more than provide financial information they also have an active role in the business. Over the years managerial accountants has changed and now provide nonfinancial information. They can help a business achieve their goals. Today there is many things that is influencing how managerial accountants do their job with the emergence of e-business. They can use their knowledge to streamline the e-business (Hilton,2008). Now global competition has new challenges for managerial accounts because trade agreements can affect the way the business performs abroad. Gillet (n.d) said, “To be competitive, manufacturers must keep up
Each person has a different idea of what it means to be successful. After talking to my family and some friends, I know that I have several strengths and weaknesses. I know that I will face some opportunities and threats. Also, I know that I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recession and starting salary are 3 major threats to my financial success. I will face all the accounting major competitors from the Midwest.
In Management, the accountant gives advices to the individuals and business people, how to manage their business. The account information is considered and some business decisions are taken in both financial and non-financial departments. Budgeting, tax filing, and financial statements. Other activities like involve in planning com...
Increased competitions and high expectations of the companies have put high pressure on the accountants. Making the most accurate decisions and helping the companies maximize their financial performances have become almost basics of the accountants’ duties. Many business owners question why they need to seek the services of an accountant when they can do many things themselves with the help of the technological tools. Today, an accountant must provide more than what technology can do for the company. They have to set business plans, goals and provide guide to achieve them with less cost and most profit. They have to advise business on their investments and project the most profitable decisions for the company. Beside the investments, accountants expected to consult the firms on their consolidations with other firms. Making decisions and researches on reducing costs, and sharing resource while providing variety of offerings puts lots of stress on the
The reason I decided to pursue a career in accounting is because I have always been interested in the business world and accounting is considered a basic tool of business. I have worked for small and large business firms; also in private and public sectors which helped me develop a strong linking with the industry as a whole and solidified my interest in accounting.
After finish the whole set of tutorials, our perspective of accounting become more professional. The study of accounting is not just for the knowledge and skill, but also for the critical thinking as a professional. Accounting professional is not just about the job that we what to take for our future career, but also the behavior that we need to have for our daily life.
An accountant makes sure that the Nation’s firms are run efficiently, the public records are kept accurately, and that taxes are paid properly and on time (“Accountants and Auditors”). Accounting is the study of how a business tracks their income, assets, expenses, and many other things for a period of time. They also do many other things like quality management, tax strategy, and health care benefits management (“Welcome to Careers in Accounting”). An accountant is crucial to the success of a business, without one the business tends to fail.
Accounting is one of the fastest growing fields in the United States It expands each time a new store, a factory, a filling station, or a school goes up, whether in a large city or a small town. In today's society, the demand for good accountants for exceeds the supply. As our country has expanded, business and industry have become more and more complex, so control here is very important. And control depends on a great deal of the bookkeepers and accountants who can analyze figues and advise management on what should be done. They are using more scientific ways changing money, figuring change, and collecting sales taxes. Moreover, department stores and other companies now have plants and offices widely scattered throughout the country. A new set of bookkeepers and accountants, is needed at each branch. I know there are many managements supervisory, and junior or senior executive positions are bing filled by people who started as accountants because accountants have the knowledge of methods and finance and comprehension of the fundamentals of business, and acc...
If you don’t have a deep background in accounting, but if you are strong in math, then don’t worry, you’ll be able to pick it up fast enough once you’re on the job. If you do have a background in accounting, then it gives you a nice edge.