10 jobs of an accountant.  Specialties to consider

With so many different facets of accounting, you don’t have to lock yourself into a single career path before pursuing your degree. The knowledge and training you receive in the classroom will likely help you home in on an area of interest. But until then, these brief breakdowns will provide you with a quick introduction:

1- Financial accounting

Financial accountants track a company or client’s financial transactions, summarize them, and generate financial reports or statements. Company shareholders are then able to assess the value of a company based on these documents.

2- Managerial accounting

Managerial accountants track information needed for management of a company in order for the company to make informed operational and strategic decisions.

3- Cost accounting

Cost accountants determine the costs of products and services by analyzing records and depreciation data. They classify and record all operating costs so management can control expenditures and may also assist in making management decisions.

4- Tax accounting

Tax accountants prepare federal, state or local tax returns for individuals or organizations according to prescribed rates, laws and regulations. Tax accountants will often specialize even further in an area such as corporate income, individual income or property tax.

5- Government accounting

Government accountants exist at the federal, state and local level. At the federal level, they may work to investigate white-collar crime or manage public funds. At the state and local levels, they may work to manage use of local revenues, investigate fraud and perform lower-level audits.

6- Nonprofit accounting

Nonprofit accountants assess their organization’s financial situation. Their goal is not to maximize profits but to minimize costs and maximize their service to society, which distinguishes them from accountants employed by for-profit companies.

7- Forensic accounting

Forensic accountants work as investigatory accounting professionals. They often work in conjunction with an ongoing or anticipated legal issue and are charged with uprooting questionable financial data and uncovering fraud, embezzlement, money laundering and other financial misconducts.

8- International accounting

International accountants work with companies or organizations that conduct business internationally. They may work to recast foreign financial statements to align with the U.S. generally accepted accounting principles (GAAP). They also determine what these statements reveal based on knowledge of the foreign country’s economic and cultural atmosphere.

9- Accounting information system services

Accounting information system professionals generally have an educational background of general business as well as information systems. They can work in a variety of positions, including systems auditors, consultants and accountants. They may help companies develop accounting information systems, assess the data within the systems or make it available to other accounting professionals.

10- Auditing and assurance services

Assurance service providers review several types of documents, such as loans, contracts or websites, to certify they are correct. An assurance provider may work with financial or nonfinancial documents, whereas auditors work strictly with financial records. Auditors may work internally or as a third-party service to ensure an organization’s financial records are accurate, complete and compliant under federal law.

 

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