Accounting is basically the study of how different businesses keep track of their assets and income over a certain period of time. There are many things to learn from pursuing a career in accounting. One of the main lessons is to learn how different businesses work. Accounting is the language of every business. It is the system that transforms different types of information into reports, quantifies all business activities, and communicates the results to the top-level management.
Accounting careers could be just about the right thing to bring to you that much needed satisfaction and that much needed sense of accomplishment into your life. Along with medicine and other similar health related careers, accounting professionals belong to the elite group of professions that are expected to see enormous growth in the next couple of years.
Today, graduates from any one of those established four year accounting programs are now earning almost 4% more in terms of starting pay, especially those who are straight out of college.
In addition, there are many top-notch degree programs for accounting and that are only for 2 years. However, your choice will eventually depend on a number of factors like career objectives, the amount of money that needs to be invested in your education, whether you can or not attain a student loan, what is your schedule like, and so and so forth.
If you are looking for the right kind of accounting education so as to build and manage your own small business or non-profit organization, then it would be better for you to take classes from your local community college or any other type of learning center.
In most of the larger towns and cities, there are plenty of learning centers that offer a wide range of classes, right from home improvement to cooking to even accounting. Ask around at the local library or at the community college and find out what the learning opportunities and career opportunities are.
If you are planning on studying accounting more seriously so as to manage your businesses or organizations finances, then you’ll probably need to find a community college that has the right combination of classes, the perfect combination that you are looking for.
If you want to further pursue a career in accounting, then a community college is still one of the best places to go to. If you are forced to work while attending classes, or if you have children, then these community colleges are probably only options you have, as they offer flexibility when it comes to scheduling.
If you need more information on all things pertaining to accounting, and if you want to know what the expected outlook of those already in the field are, then the governments Occupational Outlook Handbook is the best place to look at and can be found at the U.S Department of Labor website. This site is loaded with information, which can guide you into making the right decision on how different accounting degrees and professions are likely to turn out in the next few years.
Some Accounting Careers
Here are just a few career options in accounting:
* Public Practice – It is a very good idea to start your accounting career as a public accountant. Public accountants work in partnerships and offer their accounting skills and services to governments, businesses and even individuals. However, you must be a certified public accountant in order to practice as an individual or as a member in a public accounting firm. A public accountant’s roles and responsibilities include: taxation, auditing and management advisory services. Public accounting provides many excellent opportunities to achieve business success, and these are all multifaceted.
* Education – Accountants are also hired as professors, researchers or even reviewers. Such accountants ensure that there is constant development in the professions. They make efforts by clearing out and facing emerging problems and issues by first researching and then distributing the end results to all and sundry.
* Commerce and Industry – Any organization, whether large or small, has an elite accounting group. This accounting group will organize and prepare the financial statements, keep track of all the costs, take care of any tax issue and will work on all the international transactions. In such companies, over a period of time, a person may be hired as a vice president for the finance department of the company. Other designations include: cost accountants, chief accountants, budget officer or internal auditor. The scope and responsibilities of the field of accounting vary greatly depending on the level of the position and size of the company.
* Government Service – Accountants working for government services work either at the state level or at the federal level. Government accountants put together and manage the budgets, analyze programs and keep track of government costs.
So, these are a few myriad opportunities in the field of accounting. But it is important to keep in mind that success does not always go hand in hand with accounting. If you are determined to be successful, you have to work twice as hard to achieve it.
By Natasha Bantwal
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