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
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...