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Accounting Careers Essay

848 words - 4 pages

What is accounting? Its financial information for a business or individual which is prepared by a trained accountant for investors, tax audits, creditors, to pay taxes and to receive tax returns. What is an accountant? The accounting profession is a very diverse field with a number of different professional occupations a person can get into, and some of these fields depend on the accounting degree a person has. An accounting degree ranges from a certificate to a doctorate. Some of the different professional fields we are going to look at in this paper are Auditor, Finical advisers, Tax accountant, Management Accountant, and Government accountant. As we study accounting and accountant we will ...view middle of the document...

Tax Accountant, work with companies to keep track of their income and expenses and minimize the amount the company will have to pay in government taxes at the end of the year. Management Accountants keeps track of daily expenses and profits; they also work with management to predict how future expenses or developments will affect the company in the future. Government Accountant work for the government helping them to determine how much money they can expect to bring in each year from taxes, and other income sources, they also try to project the cost of different government programs (Fundamentals ofAccounting 1, 2012).
Ethics is one of the important assets to an accountant because if the reputation of an accountant is damaged it can have lasting finical repercussions. The American Institute of Certified Public Accountants (AICPA) requires its entire member to adhere to a professional code; failure to comply with the rules can result in penalties. (Fundamentals ofAccounting 1, 2012). Financial Accounting Standers Accounting standards used today are referred to as Generally Accepted Accounting Principles (GAAP). The GAAP was established in 1973 when the Accounting Principles Board (APB) was dissolved. These standards are needed so every company is doing their financial statements the same way, without standards each company could have their own accounting rules, this would be hard for new employees or other users of financial statements because they would have to learn the account rules of each company they have worked for (Finanical Accounting, 1999).
The Securities and Exchange Commission (SEC) is a governing agency that has the authority to...

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