Like just about everything else in life, accounting career careers include both positives and negatives. But the fact is not necessarily that the professional career itself is bad or good, but rather that it is the specific kind of person that will best fit it and not others. Just think of it as shopping for a car – some people need speed and reliability, but others need speed and security. So which kind would you rather be?
Another common drawback of accounting careers is that there are simply not enough of them to allow for the variety an employer might desire. The demand for accountants, at least in general, is extremely high these days, and because of this there aren t many places that can hire accountants that they are able to keep their entire staff happy. However, if every accountant needed to start at exactly the same company, it would take forever to get all the positions filled. Therefore, remember that while most accounting professions are similar in character, there’ll be differences in the specific career you choose.
Generally speaking, there are three main types of accounting career paths – public or private sector, management accountant, and forensic accounting. Public sector accounting involves government agencies like the Federal Bureau of Investigation and Securities and Exchange Commission; accountants work for these sorts of agencies. Management accountants work for large corporations and investment firms; accountants for hedge funds, pension companies, and insurance providers. Forensic accountants are examiners who specialize in complex financial situations that involve sophisticated techniques from accounting principles to law. Basically, any accountant who works for the public sector can become a management accountant, but only those who work for large businesses that have complex financial situations are usually eligible for forensic accounting positions.
Another aspect to consider is experience. Many different accounting jobs require various levels of experience. Normally, those who have just graduated with a four-year degree in accounting will find that entry level jobs in accounting are quite easy to discover. A individual’s level of expertise can make a difference when applying for different accounting jobs, though, and it’s recommended that accountants gain substantial experience over their four-to-six decades of schooling in order to maximize their job opportunities. Accountants that are well-versed in tax laws are especially recommended to gain as much business experience as possible before applying for jobs.
Of course, the final significant concern for accountants is education. Those who earn degrees in accounting and pursue careers in accounting normally have lots of options available to them. The most common accounting career is public or Certified Professional Accountant, which is typically achieved after an internship. Certified public accountants usually should have a minimum GPA standing and a range of years of experience so as to be eligible for CPA exam opportunities; nevertheless, those who have earned a degree in accounting can apply to become a Certified Management Accountant (CMA) upon graduation. CMA’s must also meet other licensing requirements in order to become a CPA.
The accounting industry offers a wide assortment of different accounting careers. When many accountants only work in the finance and accounting areas of the field, others are responsible for investigating, handling, analyzing, and overall planning for the financial health of a company or other large entity. Many management accountants are involved with overseeing the management of the firm’s entire finances, which requires vast experience within the organization and platforms like Pay Stubs Now. There are many accounting degrees, certifications, and choices available to people interested in these a variety of accounting careers. Those wishing to explore new opportunities with the accounting area should consider all of their options and choose the one that best fits their skill set and targets.