What are Different Types of Accounting Jobs?
Accounting as a career, allows you the flexibility of working wherever you want
to. The biggest cities need accounts to run but the smallest towns also need number
crunchers to keep their businesses and offices running smoothly. You might be wondering
how high an accounting degree can take you along your career path and the answer
is, if you have all the qualities of a good accountant, you can go higher than you
can ever imagine. Accountants can choose from several types of professional careers
with many different kinds of companies.
Internal auditors examine an organisation's or department's policies, procedures
and finances, in order to advise where improvements could be made.
Independent external auditors examine company accounts to check if they are accurate,
or to check how public money is being spent within public sector organisations,
civil service departments and local authorities. An external auditor is responsible
Collecting and interpreting figures
Identifying any problems or risks to the business
Assessing the company's financial reporting systems
Establishing good working relationships with clients
Making recommendations for improvements
Budget analysts spend most of their time analyzing data, evaluating budget proposals,
recommending spending cuts, redistributing extra funds, and preparing annual reports.
They work with project managers
in developing the budget of the organizations while looking over proposals, checking
for accuracy, completeness, and compliance. They use cost-benefit analyses to explore
alternative funding methods, review financial requests, and assess program tradeoffs.
They may also look at past budgets and research any financial developments that
could affect income and expenditures.
In order to stay within the budget, budget analysts oversee spending throughout
the year and figure out whether changes are needed for certain programs. They also
examine programs and decide whether they are producing good results. Government
officials and chief executives
Chief Executive in
private companies rely on the work of budget analysts to prepare data in order for
them to make informed financial decisions.
Budget analysts communicate their recommendations to executives within the organization.
If there is a discrepancy between the budget and spending, budget analysts will
write a report going over the differences and recommend any changes. They use spreadsheet,
database, and financial analysis software to provide accurate, up-to-date information.
The Forensic CPA Society says, "Forensic accountants inhabit a cloak and dagger
corner of the accounting world . . . anything from procurement fraud to a top executive
'cooking the books' to industrial espionage." Forensic accountants spend more time
than most in courtrooms giving expert testimony; in fact, that's what "forensic"
means: suitable for use in court. As a forensic accountant, you'll need to develop
your investigative skills to dig deeper to discover the numbers behind the numbers.
As a staff accountant, you may work for corporations, government agencies, large
accounting firms, or nonprofits. Some of your duties may include preparing taxes,
monthly/quarterly reports, and financial statements. You can create and evaluate
others' budgets, handle bookkeeping, accounts payable, and accounts receivable,
among other duties.
A bachelor's degree is the minimum requirement for a tax accountant, and to become
a CPA (Certified Public Accountant), you might need 30 hours of study. It's important
to keep up with ever-changing federal and state regulations and understand business
concepts so that you can advise your clients.