You are on page 1of 3

Accounting offers opportunities to people in now a day because management relies on the

experience of accountants to solve increasingly complex tax and cash flow problems.

Accounting is a fundamental and important element that can show future business developments
because every plan requires an appropriate analysis of accounting information.

Accounting is one of the most developed fields today, so the requirement for great accountants
who are common with financial methodologies and the basics of fiscal and business
administration is increasing.

The bookkeeping accounting method used to be less complex than the current method which in
most cases used a data processing computers.

Accounting jobs today evolved from bookkeeping jobs. The difference is, accountants create a
bookkeeping method and analyze data which is an important part of the accountant's function in
it, while the bookkeeping department does the daily work of recording numbers in books as they
have done in the past.

In order for public accountants or CPAs to be certified, they must pass a certification exam and
then get a certificate, in the US the exam is managed by the American Institute of Certified
Public Accountants.

CPAs are similar to doctors or lawyers in that they can offer services to the public based on a
paid individual consultant, for example some CPAs work for companies or government offices
and get salaries.

Public accountants mostly consist of auditing and tax services. An audit is an analysis of
financial records, usually conducted at specific time intervals. Currently tax laws are getting
more and more complicated, the role of accountants is very important in preparing tax forms and
calculating tax stability.

Accounting is widely used in government or institutions. Both are the same due to legal
constraints on how they receive and use money, so a legal background is needed for this type of
accounting perform.

Government companies in the United States (including the federal, state, and local governments)
and in many other states employ accountants on staff, they work for a base salary.
Nonprofit organizations do business for a number of plans in addition to making money, they
usually get advantage from specific terms in the tax laws.

Private accountants are also called executive or administrative accountants, they handle the
financial records of a business. Those who work in manufacturing are called industrial
accountants.

The chief accounting officer of a company is the controller, or comptroller, they keep records of
the company's operations. Those who evaluate the implementation of the company; analyzing the
outcome of occupations; also organizes and suggests potential actions in the future.

Cost accounting is a specialization in private accounting, which is mainly related with


determining the unit cost of a company's products. The unit cost is very important, otherwise
manufacturing cannot determine the price of the product that must be sold in order to get a
qualifying return on investment.

Many private organizations employ internal auditors as well, who are responsible for protecting
company assets - valuables belonging to the company, including cash, securities, property, and
even goodwill. They are usually required to provide solutions to fraudulent transaction problems.

Managerial accountants work concerned with the types of financial reports that management
requires for efficient company operations.

Small businesses can maintain CPA services to do some of the functions. As they grow,
accountants are becoming more and more specialized, for example some large companies
employ large numbers of people at their headquarters and branch offices for fiscal administration
purposes, those who have passed the certification exam give them an edge over those who don’t.

Accounting teachers who work in universities or commercial schools have formal training and
practical experience in the field, they often choose to teach subjects and offer seminars in
accounting procedures for various organizations.

Many people choose accounting as their profession because of the large number of job vacancies
available to accountants. Accountants usually have the opportunity to move up a position in the
company they work for, and the salaries of people who take accounting training are usually
good.
Prospective people who are successful in this field usually have an interest in business and have
mathematical skills, because they are competent to identify terms that signify the success of a
business.

New CPAs can start private practice or form partnerships with other accountants. If in private or
government, they will specialize in cost or tax accounting, another possibility is a teaching
career. Accounting workers are not in the short- and long-term change, so being in a salaried
position with business or government will find strong security.

You might also like