Career as Accounting
Accounting is the process of analyzing, verifying and reporting the results of financial information to an organization, government agency or individual. Although many people immediately think of accountants, that is only one of the numerous career paths to choose from. Some of the most popular fields include:
- Forensic Accounting
- Certified Internal Auditor
- Comptroller/Controller
- Accounting Clerk
- Chief Financial Officer
Accounting has quickly become the backbone of almost every business entity and is key to a number of high level decisions within a company, including: budgetary planning, financial aims and the deliberate, strategic and executive initiatives.
Job Profile
- Prepare, examine, and analyze accounting records, financial statements, and other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements.
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to project future revenues and expenses or to provide advice.
- Report to management regarding the finances of establishment.
- Establish tables of accounts, and assign entries to proper accounts.
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
- Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
- Prepare forms and manuals for accounting and bookkeeping personnel, and direct their work activities.
- Survey operations to ascertain accounting needs and to recommend, develop, and maintain solutions to business and financial problems.
- Work as Internal Revenue Service agents.
- Advise management about issues such as resource utilization, tax strategies, and the assumptions underlying budget forecasts.
- Provide internal and external auditing services for businesses and individuals.
- Advise clients in areas such as compensation, employee health care benefits, the design of accounting and data processing systems, and long-range tax and estate plans.
- Investigate bankruptcies and other complex financial transactions and prepare reports summarizing the findings.
- Represent clients before taxing authorities and provide support during litigation involving financial issues.
- Appraise, evaluate, and inventory real property and equipment, recording information such as the property's description, value, and location.
- Maintain and examine the records of government agencies.
- Serve as bankruptcy trustees and business valuators.
Skills required
Accounting careers require more than just solid bookkeeping skills. Whether accountants focus on auditing, management, or tax and financial matters, a strong skill set is one that is diverse, flexible, and constantly being improved upon. The top job candidates in the accounting field never stop learning. No matter which area of accounting you enter, you will need strong analytical and computer skills. You will also need to develop a fine-tuned ability to synthesize data to identify trends and predict possible outcomes. Other skills that are key to success in an accounting career include:
- Account Analysis
- Account Reconciliation
- Accounting Information Systems
- Accounting Software
- Accounts Payable
- Accounting Processes
- Accounting Principles
- Accounts Receivable
- Accuracy
- ADP
- Aging Reports
- Analytical
- Analysis
- Annual Reports
- Asset Management
- Attention to Detail
- Audits
- Audit Schedules
- Balance Sheets
- Banking
- Bank Deposits
- Bank Reconciliations
- Bill Payment
- Bookkeeping
- Budgets
- Business Awareness
- Cash Receipts
- Certified Public Accountant (CPA)
- Chart of Accounts
- Check Runs
- Collections
- Commitment
- Communication
- Compliance
- Computer
- Corporate Reports
- Corporate Tax
- Cost Accounting
- Credit Management
- Credits
- Crystal Reports
- Debt Management
- Depreciation
- Detail Orientation
- Federal Tax Law
- Finance
- Financial Analysis
- Financial Reporting
- Financial Software
- Financial Statements
- Financial Statement Analysis
- Fixed Assets
- Forecasts
- Forecasting
- Full Charge Bookkeeping
- Full Cycle Month-End Close
- Full Cycle Year-end Close
- GAAP
- General Ledger
- Great Plains Accounting
- Great Plains Dynamics
EMPLOYMENT OPPORTUNITIES
Finding a job in the accounting field is a smart decision. Accounting is a field that will always be in demand and it is a field that you can continue to grow and move up inside your company. There are so many different positions you can find in the accounting field. Careers in accounting can range from entry level positions to executive level. Accounting career information for each career path listed below can be found in full detail.
- Accountant
- Accounting Assistant
- Accounting Clerk
- Accounting Manager
- Accounts Payable Clerk
- Accounts Receivable Clerk
- Bookkeeping
- Budget Analyst
- Certified Internal Auditor
- Chief Financial Officer - CFO
- Comptroller/Controller
- CPA
- Forensic Accounting
- Government Accounting
- Payroll Clerk
- Staff Accountant
- Tax Accountant
Earnings
According to the BLS, the median annual salary for an accountant was $63,550 in 2012, or $30.55 per hour. The best-paid 10 percent earned roughly $111,510, while the lowest-paid made approximately $39,930. The best-compensated in the field work within the federal executive branch and for securities and commodity exchanges, and the highest-paid accountants work in the metropolitan areas of New York City, Ocean City, N.J., and Newark, N.J.
Recruiting Companies
- Wipro Ltd.
- Wipro Infotech
- Wipro BPO
- VSoft Technologies Private limited
- Water Health India Private Limited
- Zensar Technologies Limited
- Unisys global Services
- United HR Solutions Private Limited
- TIBCO Software India Private Limited
- TATA Technologies Limited
- Tech Mahindra BPO
- Tech Mahindra Business Services Limited
- Nous Info Systems
- NIIT Technologies Limited
- Micro land Limited
- Larsen & Toubro Infotech Ltd.
- ITC Infotech India Limited
- Intuit Technology Services Private Limited
- Infosys Limited
- Infinite Computer Solutions INC
- HSBC Electronic Data Processing India Pvt Ltd
- Hex aware TechnologiesHex aware Technologies
- HDFC Life
- HCL Info systems Limited
- HCL Technologies limited
- Hallmark Global Technologies Limited
- First source solutions Limited
- Deloitte Consulting India Private Limited
- ACS of India Pvt. Ltd., A Xerox Company
- Adyta Technologies Private Limited
- Adyta Birla Management Corporations Private Limited
How do I get there?
Option 1:
- Bachelor’s Degree in Accounting
- Post-Graduate : MBA in Accounting
- Post-Graduate : MBA in Finance
Pathway Courses
Where to study?
- Aalto University
- Aleksandras Stulginskis University
- Aston University
- Atma College
- BA School of Business and Finance
- Baltic International Academy
- Barcelona School of Management
- Berkeley College
- Berlin School of Business and Innovation (BSBI)
- Birmingham City University
- Boston University
- Budapest Business School
- Capilano University
- Charles University
- college of New Caledonia
- Colorado State University
- Coventry University
- Creighton University
- Dijon Burgundy School Of Business
- Durham University
- Eastern Connecticut State University
- Eastern Michigan University
- EOTVOS LOROND UNIVERSITY
- ESC TOULOUSE
- ESSCA School of management
- European School of Economics
- Fanshawe College,Canada
- Federation University
- Finance
- Geneva Business School
- Grenoble Graduate School of Business
- Griffith College
- Humber College Institute of Technology & Advanced Learning
- IESEG School Of Management
- Independent College
- International Business School
- International College Wales Swansea (ICWS)
- International School of Management
- International University of Applied Sciences Bad Honnef Bonn
- ISM University Of Management and Economics
- IUBH university of applied Sciences
- Kingston University
- kozminski university
- La Roche University
- La Trobe University
- Lancaster University
- London Metropolitan University
- Macquarie University
- Manchester University
- Massachusetts Institute of Technology
- Memorial University of Newfoundland
- Miami University
- Montana State University
- MONTPELLIER BUSINESS SCHOOL
- National College of Ireland
- Neoma Business School France
- Nizoram Memorial Technologies
- Nova Southeastern University
- Oxford Brookes University
- Regent's University London
- Rider University
- Robert Gordon University (ICRGU)
- Rotterdam Business School
- Ryerson University
- Sacred heart university
- Slippery Rock University
- Southern Institute of technology
- Southern Utah University
- Stellenbosch University
- Swansea University
- Tallinn University of Technology
- test
- Test Institute 1
- The University of Auckland
- The University of Sheffield
- The University of Texas at Austin
- The University of Toledo
- The University of Western Australia
- Tiffin University
- Torrens University
- Toulouse Business School
- University of Aberdeen
- University of Alberta
- University of Aveiro
- University of Bath
- University Of Bridgeport
- University of Canterbury
- University of Dayton
- University of Delaware
- University of Derby
- University of Dubrovnik
- University of East Anglia
- University of Essex
- University of Findlay
- University of Huddersfield
- University of Iowa
- University of Kent
- University of Lincoln
- University of Liverpool
- University of Massachusetts Amherst
- University of North Dakota
- University of Otago
- University of Portsmouth
- UNIVERSITY OF REZEKNE
- University of Rhode Island
- University of Silesia
- University of South Australia
- University of Toronto
- University of Warwick
- Uppsala University
- VILNIUS UNIVERSITY
- Waterford Institute Of Technology
- WSB Universities
- York University
- Zagreb School of Economics and Management