Careers In Accounting


Dr.L.Lakshmi


Introduction
Accounting is the study of how businesses track their income and assets over time. Accountants engage in various activities, besides preparing financial statements and recording business transactions including computing costs and effectiveness of new technologies, participating in strategies for mergers and acquisitions, quality management, development and use of information systems to track financial performance, tax strategy, and health care benefits management.
has a lot to gain from a career in accounting. Perhaps most important: You'll learn how it works poslovanje.Područja accounting offers stimulating and challenging work that is constantly evolving. Because accountants spend a lot of time looking under the hoods of the company are really learn how business works. It is not surprising that many successful players in business began their careers as accountants. Also no surprise that most Chief Financial Officers of large corporations have a background in računovodstvu.Računovođa perfectly positioned to become a CFO because he or she probably has the best understanding of what drives business and profits in the company.

Revision: Work in the audit involves checking accounting records and financial statements within companies and governments. This work is becoming more computerized and rely on sophisticated random sampling methods. Revision of the bread and butter work of accounting. This work may involve significant travel and allows you to really understand how money is being made in a company that is being analyzed. This is a great background!
Budget Analysis: budget analysts are responsible for developing and managing financial plans of the organization. There are plentiful jobs in the area of government and private industry. Besides the quantitative skills of many budget analyst jobs require good people skills, because the negotiations involved in the work
Financial : Financial accountants prepare financial statements based on the general ledger and participate in important financial decisions on mergers and acquisitions, benefits / ERISA, and long-term financial planning projekcije.Rad may vary over time. One day you may be running budget tablice.Sljedećeg days you can be visiting a customer or supplier to set up a new account and discuss business. This work requires a good understanding of accounting and finance.
Managerial Accounting: Management accountants work in companies and participate in decisions about capital budgeting and line of business analysis. Major functions include cost analysis, analysis of new contracts and participation in efforts to control costs effectively. This work often involves analysis of the structure of the organization. Is it the responsibility to spend money in a company at the appropriate level of our organization? Are the goals and objectives to control costs is to communicate effectively? Historically, many management accountants have been derided as "bean counters". This mentality has undergone major changes as management accountants now often work side by side with marketing and finance to develop new business. Tax
Tax accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, how to best treat the merger or acquisition, deferral of taxes, when the cost of items and the like. This work requires a thorough understanding of the economy and the tax code. Increasingly, large corporations are looking for people with both accounting and legal background in porez.Osoba, for example, with a JD and CPA would be particularly desirable for many companies.
Places where accountants work
Public accounting firms: Public Accountants working in partnership to provide accounting services for individuals, businesses and vlade.Najveći, high-profile public accounting firms are known as six-and-Bix dominate the field of accounting. This field provides the potential for progress audit manager, tax manager or partner have reached only two to three percent of new employees.
Government
Government accountants may work at the local / state level or federal level and administer and formulate budgets, track costs and analyze programs. This work may have great impact on the public good, but it can get political and subject to bureaucratic obstruction. Government Accounting offers an advancement in most organizations the controller, and possibly higher administrative positions. Places that difficult to recruit at the federal level include the Ministry of Defence Head Office and the Internal Revenue Service.
Corporation : Corporations large and small tend to have accounting group that is preparing financial statements, monitoring costs, handles tax issues, and works on international transactions. The work is exciting and offers songs for the audit manager, tax manager, cost accounting manager, controller and accounting on the side or head of financial planning and analysis, and treasurer of the finance side.
Solo : the time-honored form of employment is to become a CPA and hang out my shingle. This form of work requires you to create your own business, but has the advantage of offering close customer contact, a high degree of autonomy and, depending on how good you are, high financial rewards. This work can be risky, but it puts you in the middle of the business community.
Accounting: Skills and Talents
Accounting offers superb career opportunities in many different contexts. The field is usually divided into three broad areas: auditing, financial / tax and management računovodstvo.Vještina that are needed in these areas vary as follows.

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