Accounting is a very important role in day to day business. Being a good accountant needs the skills of summarizing and interpreting for communicating financial reports to the business’s top management for taking the decisions in respect of business growth.
Every business needs transparent financial recording system to issue its financial reports for those who are interested, they may be lenders, stakeholders, partners or otherwise. An accountant of any company maintains trustworthy financial records and closes the books in time and prepares the financial reports for the company including income statement and balance sheet.
These are important opportunities for accounting graduates to enter in the industry:
Self Employed:
If you have CPA license, you can work as self-employed or develop the partnership with other accountants. Many professional accountants who are working independently prepare tax returns, external audits also providing consultancy to develop a systematic accounting system to their clients.
Private Accounting:
Every business has its own accounting department for the purpose to manage payroll, follow account receivable and accounts payable and most importantly its budgets and financial statements. Private accounting has career opportunities including financial accounting, cost accounting, tax accounting, budgeting, internal auditing etc.
Public Accounting:
With the passage of time and realizing accounting as a professional career, many graduates are joining public accounting to get important skills regarding complex accounting areas. Public accounting firms offer services like auditing, taxation, forensic accounting advisory consultancy.
Government:
Every department of the government has an accountant role who prepares the budget, process payroll, submit excess and surrender statements etc. The Internal Revenue Service is one of the major government employers for accountants.
Non Profit:
Every not for profit organization needs skilled accounts professional. They are required to submit audit reports for getting more funds from providers. They need to develop internal control system and prepare new program proposals. The nonprofit has many opportunities for accountants.
Education:
Both Government and private education departments offer many opportunities to accounting personnel in order to manage fees records, process teachers’ payroll, infrastructure work, budgeting and periodic financial reports.
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