Career Path for Accounting Studies
It is always so hard to give the exact number of people who have majored in accounting, but one thing that I know is that the demography is very wide and large. This is because they have different reasons for majoring in this career path. The most common reason to all people is because accounting is a marketable career and they merely want to find a job. The number of people majoring in this field is growing immensely and the most important thing is to consider the main reason of joining this profession. Some people will claim that when they were in high school, this was their best subject and they loved it and so they will need to major in it. I believe the best reason for majoring in accounting is because it has wide varieties of career path that one can major in. People should understand that this field is not all about debits and credits. It is more of a communicating language in the world of business and this is why many chief executive officers hold a degree in this field. In the day today life it is usually one of the most common undergraduate degree programs. The most important thing is to make certain that all of the people who are in this profession understand business and that is why many people who have ventured in accounting always have considerations for such posts. The most interesting part of this career choice is that most of the time the people who venture into it will always have the best job positions waiting for them because many people always have a notion that it is a difficult discipline. The employment opportunities are abounding for the graduates majoring in accounting. The government figures shows that at least 1.2 million of jobs are held by accountants every year. According to the Feldmann, 2009 and also the survey done by the Institute of Certified Public Accountants (AICPA, 2000) the graduates are declining but after revisiting their research in the year 2005, it reflected an increase in number of the accountant graduates. This has become a relief to many accounting recruiters. According to the 2007 Employment dynamics and growth expectations (EDGE) 57% of the hiring managers have a difficulty when hiring qualified staff. This call for a necessity of accounting graduates, which fortunately is increasing day after the other as the business enterprises increase.
After attaining a degree in this sector, most of the students always opt to become public accountants as the first career choice. The choice of either taking job as a private accountant depended on the fact that they had to make choices among the salary values offered to them. None of them like to work in the non profit organizations. They also venture to work in a CPA company because this will give them an opportunity to venture in areas that they want to experience especially in the write up sector and auditing. This will offer them the necessary experience and that is one of the things that have invigorated so many students in venturing in the public sector option. One may also opt to venture in the private sector which is immensely lucrative. Some of the student will always like to work for the company which is rising up in this sector, but this will be determined by the level of research one is willing to do. This will give them a chance to grow and nurture their career paths in different sectors. I would advise the graduates to incline towards the public sector especially the government and non profitable sector which will provide them with the best job security even if the salary is low.
There are several things that an accountant can do after they have completed their undergraduate degree. One can choose to specialize in different areas of this field, but most of all have the kind of skills that can enable them in doing so. One of the areas that is very common for people who have done accounting. Auditing is one of the areas that one can venture in. It is one of the basic areas that people have chosen to build their careers in. This kind of job involves checking of ledgers and financial statements for an organization so as to determine if they are making losses and are they spending the cash that has been allocated to them accordingly. In the era that we are in today, the work of this nature has been automated and mostly they just need to key in the values accordingly and they are going to get the right kind of statement. They ensure that the values that are presented are for the financial year contains the right values.
Accounting career paths are very varied and this is why many a times one has to consider the path that they want take. Many people after they have cleared school do not have an impression where to flinch their careers but the many options have in these career paths that can be taken. Book keeping is another thing that they can do. These are the people who keep records of invoices, payments and other revenue coming for a company or an individual. In many cases they will always want to venture in this area accordingly.
Another area, which they would venture in is becoming general accountants. This is almost the same to a book keeper, but they make accruals and the necessary adjustments in the accounting records. In the large organizations, they are usually placed in departments like human resources department dealing with the payment of the staff. Another area is when one becomes a controller. These are the people who are responsible for the accounting department. They usually work in the public sector but also venture in the private sector and they are usually in charge of cash flow for the organization. For one to reach to such a position, one must work and put a lot of determination in the work that they do. The other job, which is available for them is becoming a forensic accountant. These are the people who work with the government or the persons who are accountable for auditing and investigating crimes which are related to accounting frauds and other related things. These people should ensure that they posses some level of law knowledge because this will assist them in identifying areas which have been altered and assist in prosecution of the culprits.
A budget analyst is another thing that they can do. This is because they are able to interpret many things, which are recorded in the budget. This is a very crucial and involving work because they are the people who are responsible in the making of financial plans for businesses and other organizations especially the government agencies and other non profitable organizations. The professionals who have taken up these works can take up these jobs in both the private and the public sectors. The people who take these kinds of jobs should be very innovative when it comes to the negotiation process and that is why they should have good personal and interpersonal skills.
Financial accounting is another sector that one can venture in. These are the persons who are accountable for the preparation of financial statements of the available businesses or any enterprise. These are the persons who are used to make decisions when there is a merger which is going to take place in any company. This is because these people Are gifted to study the fiscal statements of the two companies and determine if there is a need for merger and if one of the companies is taking advantage of the other or not. They are also responsible for forecasting to determine the returns that will be experienced by the companies when they merge. It is important to make sure that these people are responsible for the financial and accounting processes. Management accounting is a very busy position in any organization. This is why many people are able to have the kind of decisions that are deterministic in the process of capital budgeting and the area of analysis of contracts. Control on businesses on the expenses and the cost analysis is done by these people. They usually make sure that they work in close contact with the people responsible for the marketing sector since they assist in a big way when it comes to the making decisions which are good for the welfare of the company.
Taxation is another area which they can take up. This is for persons who would like to become tax accountants. These are the people who work for both companies and individuals. They usually prepare statements which either for a corporation of personal income. It is a boost for the individual who is doing this kind of work to have good knowledge background of the necessary kind of economics which is being used by these people. Accountants are also responsible for advising individuals when it comes to venturing in different kinds of businesses. This is because they are the people who have the knowhow on the issues that are present and current in the business world. It is very good to ensure that the people who need services can be given independent and privately. Budgeting and other issues, which are associated with the business are given and offered to the people accordingly. This is very usual for the companies which need a lot of desecrate business especially those that are being faces with of competition. They need individuals who are trustworthy and can be able to keep a secret and the customer’s information private. Some individuals have also opted to continue with their studies even after becoming qualified accountants. They continue for MS to become licensed, Certified Public Accountants. This is a person who is approved by the state to finance financial information in the public companies to give accurate results. These are the individuals qualified to start their own auditing firms if they do not a favouring or well paying job opportunity (Felix 2010, 56). Thus the study found it advisable for the accountant graduates to continue to this level for better and higher chances of employment opportunities and also private or self employment enterprises.
The study realized various career choices coincide with the accountant career path. Though the rate of accountant graduate seems to increase year after the other, the job opportunities are also increasing since many people are venturing to businesses which requires accountants to deal with the financial analysis. Each and every sector starting with the individual enterprises, the public, private and nongovernmental organizations cannot be successful without the accountants. These are important personnel since every business is after making profits and thus accounting careers like the auditing department are important to examine whether the business profitable or not. The private and public sectors also requires accountant staffs that are qualified to analyze their financial status and thus, realizing on the areas that needs improvement. Some students lack the opportunity of joining any of the discussed careers especially because of some issues like corruption and high competition. Nevertheless such students are not supposed to be frustrated but to come up with other activities that utilize their qualifications. A number of graduates who have lacked a position in the public, private, or the non profit organizations have started their own auditing firms. They run their own business as private auditors and are employed casually by these organizations. Other graduates have set their small microfinance businesses. These are industries which are growing at a high rate. For the qualified accountants their operations are easy and beneficial. These enterprises have become common in the rural areas and in areas with small scale business. Some of the accountants are joining hands to operate such businesses as partners. Some of these enterprises have grown to become Sacco’s and eventually banks. continue for MS to become licensed, Certified Public Accountants. This is an individual who is licensed by the state to finance financial information in the public companies to give accurate results. These are the individuals qualified to start their own auditing firms if they do not a favouring or well paying job opportunity (Felix 2010, 56). Thus the study found it advisable for the accountant graduates to continue to this level for better and higher chances of employment opportunities and also private or self employment enterprises. For people who have advanced in these areas and actually had the best payment package compared to having a degree alone. This is why I would advice many people to make sure that they have taken the issue of taking CPA in an extra way to be able to make more money and have better jobs. Many people who have licences and certifications are able to have the best things in the career paths toward getting the best jobs possible.
Every qualified accountant expects a salary that is higher than for any other undergraduate from a number of business schools. There is also an expectation of initiation into an exclusive professional club of the practicing accountants. This is a symbolic status that makes one feel to have an important and recognized rank in the society. Unfortunately these expectations are rarely met in the current society. Quite a number of students have joined the account career. This is making this field to have more than the required participants. In other words the supply is overtaking the demand. With high expectations of having a unique status, what happens when one fails to achieve this goal? One is also interested with the queries like where an accountant career path can lead one to or if there are there other industrial areas related to accountant career that such a graduate could get involved to utilize his knowledge.
For students who are clearing from the universities i would advise that one who is trying to learn about a good accounting career path should have a wide variety of choices especially if he has a degree in accounting. One’s initial selection depends on the feeling about a primary direction that he believes is of interest to him. There are various general areas where one can choose to work in for instance private, public, government linked, or the non profit making organizations. For newer graduates, it is advisable to work with a CPA firm since it gives an opportunity to examine a number of industries and experience of both the audit and write up functions.
One may also decide to join a private sector which is more beneficial, nevertheless it is advisable to first investigate on any industry that lies as a choice and go for the one that is fast growing. This gives an opportunity for expansion of ones career and thus wider rooms for advancement. Where one is inclined in a public service or a career in a government or non profit making organizations, one gets a good chance of exploring in various issues and can easily make changes which are beneficial to a the whole society or even the nation. All the government offices, in all departments, require accountant personnel that are talented. These offices include the FDIC, IRS, Comptroller of the currency, General services administration, military branches departments, health ministries, environmental ministries, to mention but a few. Any accounting working area, be it in government, public, or private sectors, will always lead to an interesting financial rewarding and beneficial careers. Though some of these careers overlap they vary in focus and lead to a challenging, professional life.
In conclusion I would say that Accounting is a career that moulds accountants; these are persons that are responsible in the provision of data that is mainly required to make an assessment on the future and current economic activities. Accountants performs various duties, which include planning tax strategy, calculating the computing cost, preparation of financial statements, developing information technology, measuring financial performance, to mention but a few. This suggests that there are various and different accounting career paths which are beneficial in one way or another and can fit different people. Though some of them overlap, each of them has a specific focus. For successful career people should be able to do the best that they can do to advance this sector. Many technological advances have been made to ensure that these people who take up this course are able to save time and actually do their work better too.
4.00 avg. rating (80% score) - 2 votes
Tags: accounting essays, career essays, career path for accounting studies, essay on career path, essay on your career path
Professional Help with Writing Accounting Essays
Accounting is the process of analyzing, evaluating, recording, and summarizing a company’s financial records, accounting like marketing is a very important department in any organization failure to keep financial record may lead to the fall of a business caused by mismanagement of funds plus other various reasons. Writing account essay is therefore a technical activities which requires astuteness, precision, ability to interpret financial numerical figures as it relates to an entity, evaluative, analytic, compare and contrast skill.
Accounting Essay Page Navigation
Accounting essay outline: your guide to easy writing
You can view essay outline template available at ProfEsasys.com before reading further. Accounting and essay writing are two activities that seem to be too far from each other. While accounting deals with number and finances – writing an essay is focused on sentence construction and research. However, if one scrutinizes the two disciplines closely, you would notice that sans the numbers and linguistics – accounting and essay writing have too much in common. Both disciplines require critical thinking and organization skills. Without which, accountants may fail to identify all the elements that must be factored in creating financial report.
Meanwhile, writing benefits from these two qualities when the essay writer needs to identify which elements must be included and which ones can be disregarded. The fusion of these two elements couldn’t be more defined when writing an accounting essay. Whether you are writing a financial accounting essay or a managerial accounting essay, you must always keep in mind that the skills you acquired in studying accounting can be applied in academic paper writing. Just as you would organize financial data in a ledger, organize your researched materials into an accounting essay outline. ProfEssays.com provides you with well written and well documented custom essay. For all your essay needs, consult only the expert.
Read an accounting essay sample before you write your essay
Preparing for something that you would do is a healthy practice. To learn what you can on things or events that will happen can become very beneficial. In the academic scene, preparing for examinations is one of the concrete examples of this healthy habit. A person who does not review on an upcoming examination, will most likely get an unsatisfactory grade. With this, the importance of preparation is truly evident. Preparation in the academic setting cannot only be applied in examinations. Even essay writing activities can benefit if a student will prepare for it.
Accounting Essay Sample
One helpful way in preparing for this task is to go through essay examples. If you are writing a financial accounting essay or a managerial accounting essay, go through an accounting essay sample. This will help you understand the basics of writing. It can also provide you the applicable essay format which you may employ in the accounting essay that you write. In some cases, students even get ideas on topics to discuss once they have read an accounting essay sample. For all your needs in academic paper writing, ProfEssays.com is the name to trust. We provide you with custom essays that fit your requirements.
How We Can Help
ProfEsasys.com is a professional custom essay and dissertation writing service provider. The team of our writers consists of high qualified experts from such countries as: US, UK, Canada and Australia. All custom papers we deliver to our clients are 100% written from scratch, fully cited and referenced. We also guarantee that your order will be completed on time.
Accounting essays is done with touch of excellence by ProfEssays.com because they employed UK and US graduates who are experts in their fields to write account essays that is compliant with APA, and MLA formats, rubrics grading are also implemented in custom essays, add to this clients are connected directly to writers, there is 100% guaranty of privacy and clients card security, no plagiarism, prices are very reasonable. Contact their very responsive 24hours 7 days a week customers care and buy essays.
Accounting is a profession studied by students in universities and colleges. It examines how firms, industries, and organizations track their overall income and expenses. The accounting activities undertaken by companies includes recording business transactions, cost of purchasing new technologies, quality management, cost and account analysis, inventories, manufacturing cost, developing new information skills to monitor financial operational outcome. The activities of accounting enables an organization to know the profit or losses incurred in a particular time and thus proffers solution by declaring the amount of income needed for more profits, and level of expenditure that needs to be eliminated to achieve more growth. Accounting profession also offers an inspiring and motivating activity that is subjected to constant changes mainly to learn the workings of a successful business. This skill is needed virtually by all establishments big or small.
The key concepts included in defining your managerial accounting essay
Accounting is a mathematical science that is devoted in defining the financial information of an organization or a business entity. This academic discipline is useful in identifying the factors that make businesses succeed or fail. There are two key recipients of the financial information in any business operation. First, the shareholders and creditors and next, the organizational manager. The needs and requirements of the managers are addressed by managerial accounting. Before you can begin writing your managerial accounting essay, you must be able to identify an essay topic relevant to the subject.
To do this, you need to get acquainted with the limitations and scope of managerial accounting. Unlike financial accounting, managerial accounting is utilized to create forecast for the company’s future. Identifying similarities and differences such as these will help you understand the scope of your academic paper. For all your essay needs, ProfEssays.com is the company to trust. We are a company who specializes in custom essay writing. We write any type of essay you require on any topic you want. For reasonable rates, get the essay help that you deserve only from the professional and academic essay writers.
Learn the basics of writing a financial accounting essay
Financial accountancy is a branch of accounting that deals with the preparation of financial information, with the needs of outsiders in mind. The main thrust of this discipline is the provision of financial statements to people who are decision makers within the organization. Some of these include: stockholders, employees, government agencies, banks and suppliers. For companies who are made public, financial accountancy finds its importance not only in reconciling all the financial data within the organization. Financial accountants are also tasked to identify and summarize the financial data from the accounting records of the organization concerned in an annual basis.
Big companies usually conduct annual stockholder’s meeting so that they will be given an information on how their investments progress. There is great weight placed on this kind of job as accuracy is required. Hence, many accountants are trained to double check their work, at all times to avoid mistakes that may cause the company great loss. Just as you would in accountancy, writing a financial accounting essay requires the essay writer to have great attention to detail. For all your essay needs, consult only the professionally trained writers of ProfEssays.com.
Tips on writing account essay
- Writing this essay is not different from writing other types of essay. First understand the topic given and try to understand what you are expected to do for instance if the topic is “Business administration and accounting” By careful study the topic is about business management in relation to accounting.
- Once you have understood what is expected of you next is to conduct an investigation on the research paper topic
- Some topics requires very technical approach that necessitates the need to use accounting terminologies the above topic belong to this categories in that case you need to find out about some business and accounting terms best place to search is the business and accounting glossary in your school library.
- If the topic requires calculation like comparing cost analysis of current and previous years, and summarizing financial statements apply the already instilled knowledge or employ ProfEssays.com to write custom essay papers
- Start writing essay by planning and using essay format.
The best source is the library, business journals, dailies, news and so on. While on this step make sure pen and paper is handy to jot down some very useful information including references, examples, and quotations. for a small fee.
Writing accounting essay is technical but very relevant in an organization, students and accounting executives need to adopt the skill of wring the essay. Read more on the following topics: college research papers, research paper online and MLA style research paper.
note: “ProfEssays.com is an outstanding custom writing company. We have over 500 expert writers with PhD and Masters level educations who are all ready to fulfill your writing needs no matter what the academic level or research topic. Just imagine, you place the order before you go to sleep and in the morning an excellent, 100% unique essay! or term paper, written in strict accordance with your instructions by a professional writer is already in your email box! We understand the pressure students are under to achieve high academic goals and we are ready to take some of it off you because we love writing. By choosing us as your partner, you achieve more academically and gain valuable time for your other interests. Place your order now!”
Tags: essay conclusion help, essay cove page help, essay outline help, essay title help
Looking for an exceptional company to do some custom writing for you? Look no further than ProfEssays.com! You simply place an order with the writing instructions you have been given, and before you know it, your essay or term paper, completely finished and unique, will be completed and sent back to you. At ProfEssays.com, we have over 500 highly educated, professional writers standing by waiting to help you with any writing needs you may have! We understand students have plenty on their plates, which is why we love to help them out. Let us do the work for you, so you have time to do what you want to do!