This website uses cookies to ensure you have the best experience. Learn more

Accounting Careers Essay

1667 words - 7 pages

CAREER PAPER
MUQRIN ALJHARI
October 2, 2015

INTRODUCTION
Accounting is popularly known as “language of business". Accountants are the practitioners of accounting, who can speak it better than anyone. It measures the results of a company’s economic activities and conveys this information to different users like creditors, investors, management, and regulators, etc.
Accounting is the body of knowledge, which is primarily concerned with methods for recording transactions, keeping financial records, performing internal audits, reporting and analysing financial information to the management, and advising on taxation matters.
In short, it is a systematic process of identifying, recording, ...view middle of the document...

They provide a broad range of accounting activities from auditing and tax preparations to consulting activities for organizations in which they work. These accounting services are for individuals, private businesses, public firms, government agencies or non-profit entities. The field includes tax advisers, external auditors, and also forensic accountants. Most of the public accountants are Certified Public accountants.
Certified Public Accountant. To pursue a license as a Public/Certified Public Accountant is one of the most popular career path for an accounting. Professionals those who provide a broad range of external accounting services and financial advisory for their clients are public accountants.
Some of the services, which are provided by public accountants are auditing, tax compliance, tax advisory, mergers and acquisitions, and estate and financial planning. In order to complete a Certified Public Accountant certification process, public accountants must pass the CPA exam and work in public accounting for at least two years.
Also there are other accounting certifications such as Certified Fraud Examiner (CFE), Certified Management Accountant (CMA), and Enrolled Agents (EA) for those who want to specialize in tax.
Usually public accountants traditionally work in an office setting, because they often work with several clients at one time, they encounter a wide variety of types of work and people, keeping the job engaging and interesting.
Most of the public accountants end up rising to a high-level position within a firm become a controller or Chief Financial Officer (CFO). An accounting degree very is crucial to enter and succeed in public accounting.
Financial Accountants. Financial accountants prepare financial statements on the basis of general ledgers. They also participate in important financial decisions involving benefits/ERISA planning, M&A, and long-term financial projections. They are mostly concerned with how an organization’s performance is represented to outside parties, as well as reporting profit/loss information and cash flow to shareholders and managers.
The work of these accountants usually varies. They may be running spreadsheets or visiting customers or suppliers to about discuss business. A good understanding of both accounting and finance is required for this job.
One day, you may find yourself on the management team of a large corporation if you pursue an accounting career. However, financial accountants are found in all types and sizes of organizations.
Tax accountants. Tax accountants prepare income tax statements and formulate tax strategies. The work of a tax accountant requires a thorough understanding of tax codes and business economics. Most of the large corporation look for professionals with both an accounting and a legal background in tax.
Management accounting. Companies (Public/private) hire management accountants to perform tasks such as budgeting, asset and cost management and also...

Other Papers Like Accounting Careers

A Look Into Accounting Essay

1025 words - 5 pages A Look into Accounting: Discovering the Gaps Between Educational Insights and Career Expectations It is inherently difficult to measure how well college graduates are prepared for the their careers. Part of being prepared rests as a responsibility to the student. However, it also becomes the responsibility of the institution to provide an education that gives the student a holistic understanding of their career. The focus here is on the topic

Accounting Paper

2312 words - 10 pages , integrity, and a respect for the work of others” (Crail). Good concentration, accuracy, attention, flexibility, and the ability to judge and make decisions are other key factors in becoming a successful accountant. The advantages of accounting careers begins with education. The vast number of institutions and the variety of courses present students with many options. Students can decide to get a bachelors’ degree and study for the CPA

Why Pursue a Career in Accounting

1306 words - 6 pages supervise their expenses and profits, and calculating earnings and costs. Even after finding Accounting jobs recently or earlier ; my colleges at work can improve their careers greatly by obtaining more qualifications; for example the Chartered Accountant qualification (CA), and Association of Chartered Certified Accountants (ACCA). Consequently; as I observe around the Finance department; their plans seems fixed as their numbers! They had it all

Norwalk Agreement

708 words - 3 pages intensive coursework to help research and prepare for careers in auditing, tax consulting, investment banking or financial consulting. The MSA program helps prepare the students for the CPA, as well, by setting up CPA reviews on the Wiley website. Reference: FASB. (2008). Statement of financial accounting concepts no. 2 Qualitative characteristics of accounting information. Retrieved from http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175820900526&blobheader=application%2Fpdf

Acounting Standards Board

1176 words - 5 pages program for students to undertake and complete. Within the program students are required to pass and complete classes that will cover different aspects within the accounting field. Some classes are geared toward general learning and will be applied no matter the field such as ethics, internal control systems, and financial reporting, and others may be geared toward specific careers in accounting such as forensic accounting, nonprofit and governmental

Factors Influencing Career Choice of Bsa Students in Adamson University

2671 words - 11 pages future. Factors Affecting Students’ Choice of Bachelor of Science in Accountancy as Major A Review of Related Literature and Studies Accounting as defined by Webster is the system of recording and summarizing business and financial transactions and analyzing, verifying and reporting the results. On the other hand, Accountancy is the profession or practice of accounting. Bachelor of Science in Accountancy prepares students for careers in

Enron's Impact

672 words - 3 pages : Individuals having an uncontrollable desire of money and power or individuals not looking closely enough or speaking up even though they were aware of suspicious business practices. As Enron collapsed, it took with it billions of dollars in debt, careers, retirement funds, and a few human lives. Enron’s collapse started with the top executives’ creative ideas to manipulate the numbers using market-to-market accounting. Due to the power and

Accounting Code of Ethics

1255 words - 6 pages /career-money/careers/accounting/accounting-ethics.shtml Roth, R. (2009). CPAs and Life Settlements: Due Care, Competence, and Objectivity. The CPA Journal, 18. Thomas R. Manisero, E. (1999, February). Accountant-Client Privilege: Opportunites and Limitations. The Trusted Professional, pp. 15-16. Unknown. (2011, February). Accounting Ethics Code. Retrieved April 10, 2012, from Accounting Ethics: http://www.accountingethics.net/accounting-ethics

Job Opportunities for Accounting Graduate

727 words - 3 pages intersection of finance and law enforcement. They will reconstruct financial records and follow the paper trail if fraud is suspected. This job may also investigate money laundering, check kiting and embezzlement. The data gathered will prove or disprove fraud. It is involves cross referencing books and records from other sources (What Are Popular Accounting Careers, n.d.). Majority of the forensic accountants are often called on to testify in

Accounting Standards

1117 words - 5 pages create jobs and make those jobs careers. Accounting is a standard that we all use on an everyday basis no matter your education background and or age. Moreover, this specific field is applies to most job specialties. The MSA program shows individuals how to use standards correctly and accurately in their job field. For example, “ when a job hires a purchasers, they hire someone that they feel that is qualified to do the job not only in a

Career Opportunities in Accounting

685 words - 3 pages combining their knowledge of law and finance is an excellent access to the company's future. References About the AICPA. (n.d.). Retrieved November 30, 2014, from www.aicpa.org/about/pages/about.aspx Torpey, E. (2009, April 1). Careers in Forensics: Analysis, evidence, and law. Retrieved November 23, 2014, from http://www.bls.gov/careeroutlook/2009/spring/art02.pdf Weygandt, J., Kimmel, P., & Kieso, D. (2013). Accounting in Action. In Accounting Principles (11th ed., Vol. 1, p. 4). Hoboken: John Wiley and son.

Related Essays

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

Business Field Essay

587 words - 3 pages Accountants * Careers-in-Accounting * Directory of US and International Accounting Associations * Institute of Management Accountants Consulting * Association of Management Consulting Firms * Careers in Consulting * Careers in Management Consulting * Institute of Management Consultants * Management Analysts Entrepreneurship / Small Business * East Bay Chapter of SCORE (Service Corps of Retired Executives

Accounting Essay

1031 words - 5 pages then summarized. They (accountants) report on economic events by preparing financial statements and reports, they also interpret these reports for management, investors, and creditors. Question 2:  * Proficient-level: * There are many opportunities available for careers in the accounting profession. Select five from the many presented in the Accounting Principles: A Business Perspective, Financial Accounting text and fully

Week 6 Formal Report

1102 words - 5 pages INTRODUCTION Authorization Per your request, Career Selection Services has researched and prepared a breakdown analysis of two potential career choices with a recommendation of the more compatible of the two professions. My recommendation is based on a thorough investigation and analysis conducted on careers in accounting and legal administration. Purpose, Scope, and Limitations The evidence I have collected relates to the work