Essays /

150 Research Paper Essay

Essay preview



Career options in Accounting
Choosing a lifelong career is very important. It is also important to choose the right career for you. Many people find themselves in a career that they do not enjoy. Working in an enjoyable career field will help you gain the will-power to continue your education and to excel. A career in accounting is a great example of a rewarding career option. The accounting field has growing career options and the demand for an accounting professional is everywhere. Please reference to table one as it shows the growth trend for accounting degrees awarded. Now is a great time to join the accounting field. Three careers that that showcase the accounting field include CPA (Certified Public Accountant), Budget Analyst, and a Tax accountant. Table 1

(Scott, 2013)

Certified Public Accountant
A career option you could choose is a Certified Public Accountant or CPA. This career option has many responsibilities. The first of them being financial planning and consulting. CPAs should be proficient in providing clients with personal financial consulting and provide detailed financial plans. Personal financial planning usually encompasses one or more of the following activities: cash flow planning, risk management and insurance planning, retirement planning, investment planning; estate, gift, and wealth transfer planning; Elder planning, charitable planning, education planning, and tax planning (American Institute of CPAs [AICPA], 2014, para. 4). Certified Public Accountants are also responsible for maintaining ethical codes of conduct. This requires that all CPAs act with integrity, objectivity, due care, competency, full disclosure of conflicts and interest, maintain client confidentiality, and serve the public interest when providing financial services (AICPA, 2014, para. 3). In addition to responsibilities CPAs have numerous tasks they must also provide. These tasks include, identifying financial goals and resources, designing financial strategies, preparing personal recommendations, and implementing the given recommendations (AICPA, 2014, para. 4). Growth potential for CPA employment is expected to grow 18% by 2016 (Bureau of Labor Statistics [BLS], 2014, Job Outlook section, para. 1). The health of the overall economy is expected to be closely tied to employment growth for accountants. As the economy grows, accountants will be needed to prepare and examine financial documents. Today the most popular career choice for accounting graduates is the CPA and auditor field. See table 2 for a detailed chart of jobs in accounting. The field of CPAs also have a lot of room for growth potential in salaries as well. An entry level accountant median pay is approximately $40,000; where a senior level acco...

Read more

Keywords

-118 -2022 -5 /career/ /cgfm-certification/maintaining-certification.aspx /cpalicense/cperequirements.shtml /interestareas/personalfinancialplanning/resources/practice /oes/current/oes132082.htm /ooh/business-and- /ooh/business-and-financial/accountants-and-auditors.htm /ooh/business-and-financial/budget-analysts.htm /tax-professionals/faqs 000 1 103 11 111 112 12 15 150 17 18 2 2004 2006 2012 2013 2014 2016 2022 3 30 4 40 43 45 4th 6 7 72 8 80 93 95 abl account accuraci act activ actual add addit address administ administr advic advis aga agent aicpa allow alreadi also altern american analys analyst analyt analyz annot annual anoth approv approxim area around articl associ attend attent attorney audit auditor author avail avenu averag awar award ba background balanc bar becom benefit bibliographi bls board book bp broken budget build bureau busi caia candid care career cash center/professionalresponsibilities/pages/professionalresponsibilities.aspx certain certif certifi cfa cgfm chair chang charit chart charter choic choos cima cisa client close cma code collect colleg compani compens compet competit compil complet complianc concentr conclus conduct confer confidenti conflict consult consum continu control corpor cost could counti countless cours cpa cpas cpe credenti credit crisi crosser ctp d data date decid declin degre demand denver depart deposit design detail determin develop differ disclosur discuss divis document doug due duiti earn easi ebscohost economi ed edit educ elder employ employe encompass enjoy enrol ensur entiti entri estat estim ethic everi everywher exam examin exampl excel exempt expect experi expert extens extrem fanat faq feder feel field financ financi financial/accountants-and-auditors.htm find first fiscal flow focus follow form fulfil full function fund futur g.l gain gateway gave gaylord gift give given gloria go goal govern graduat great grow growth guidanc handbook health healthcar help high hill hour howev huge hunt identif identifi impact implement import includ increas individu influx inform institut insur integr intend interest intern invest ir jile job join journal june keep key l labor lack larg larger laufer law law/regulation layout lead ledger level licens lifelong like local logic look loreal lot low lucrat m made main maintain major make manag mani market marriag materi may mcgraw mcgraw-hil median met metropolitan modifi monitor multitud must need new next number numer object oblig obtain occup offer on-the-job one open option order organ outcom outlook overal paper para para.1 para.1-4 para.2 para.3 para.6 para.7 pay payer peopl per perform person petroleum plan pleas popular possess possibl potenti power preform prepar present prior produc profess profession professor profici profit program project propos prove provid ptin public purpos qualif qualiti r.l rang reader recent recommend record recruit refer reform regard regist regul regular relat relev renew report requir research resourc respons retain retir retriev return revenu reward rick right risk room round rtrp salari scandal scott search section secur see self self-employ self-studi seminar senior separ serv servic sex show showcas sinc site skill sourc specif spend standard start state statement statist status strateg strategi strive student studi suppli system tabl take target task tax taxat team ten test textbook three tie time today topic train transfer treasuri trend two type understand unit updat upward use usual valu vari various vboa verifi virginia want wealth well well-round will-pow within womenintheprofession/downloadabledocuments/trends-report.pdf work write written www.agacgfm.org www.agacgfm.org/cgfm-certification/maintaining-certification.aspx www.aicpa.org www.aicpa.org/career/ www.aicpa.org/interestareas/personalfinancialplanning/resources/practice www.bls.gov www.bls.gov/oes/current/oes132082.htm www.bls.gov/ooh/business-and- www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm www.bls.gov/ooh/business-and-financial/budget-analysts.htm www.boa.virginia.gov www.boa.virginia.gov/cpalicense/cperequirements.shtml www.irs.gov www.irs.gov/tax-professionals/faqs year york