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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 environment, duties, salary, education, skills, and advancement opportunities strictly limited to careers in accounting and legal administration and examines the facts and evidence to determine which of the two chosen careers would best suit the ...view middle of the document...

Quick Facts: Accountants and Auditors |
2012 Median Pay | $63,550 per year 
$30.55 per hour |
Entry-Level Education | Bachelor’s degree |
Work Experience in a Related Occupation | None |
On-the-job Training | None |
Number of Jobs, 2012 | 1,275,400 |
Job Outlook, 2012-22 | 13% (As fast as average) |
Employment Change, 2012-22 | 166,700 |

(Bureau of Labor Statistics, 2014)

For a career that doesn't require years of training beyond the bachelor's level, accounting is a relatively high paying career.

Education Requirements

A career in accounting typically requires, at least, a bachelor’s degree in accounting or related field. However, some employers favor hiring applicants who have a master’s degree, whether accounting or in business administration with a concentration in accounting. Below is a list of just a few sample accounting courses required for this career:

* Cost and Managerial Accounting
* Intermediate Accounting I, II, and III
* Accounting Information Systems
* Federal Income Tax

Advancement Opportunities

The advancement opportunities in accounting can be immense.

* Entry-level public accountants usually begin advancing and receiving more duties after one or two years in the field. A few years later, they often move into a senior accounting position. Further advancement opportunities include management of other accountants, possibly opening their own accounting firm, or transitioning to executive-level positions.

* In management accounting individuals typically enter the field as cost accountants, junior internal auditors or trainees for other specialized accounting positions. Advancement opportunities included advancement to chief cost accountant, budget director, manager of internal auditing, and supervising other accountants.

* Internal auditing – Accounting professionals in this area begin in the public accounting or management accounting fields. Those launching a career in internal auditing learn the basics of the auditing function as well as the organization’s internal business-unit makeup. As they progress, internal auditors receive increased responsibilities such as assessing the effectiveness of the company’s internal controls and fiscal management.

LEGAL ADMINISTRATION

Work Environment

The work environment for legal administrating is typically an office setting for law firms, corporate legal departments, and government agencies. They usually work full time, and overtime is sometimes needed to meet deadlines, especially when they are assisting with all phases of trial.

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