Career Options for People in the Accounting Field

Career Options for People in the Accounting Field

Accounting helps one develop analytical skills that allow one to analyze and dissect the financial position of a company and maintain its financial accounts and statements. Various career options one can have are, one can be are Certified internal auditor, Budget analyst, Bookkeeping, government Accounting, Accounting manager, Forensic Accounting, Chief Financial Officer, Accountant, and more(Lambert et al. 2019). They analyze the financial position and statements of businesses. The above professionals must have various skills like interpersonal skills, analytical skills, and have the relevant knowledge of technology in use in the industry(De Mauro et al. 2018). People in accounting jobs should provide the clients with advice on how to lower tax burdens; they give consultancy services, they also offer payroll and bookkeeping services and also provide plan reviews(Block et al. 2018). One can work in the financial service industry as the banks, insurance companies.

A person having a Forensic degree can offer an analysis in legal cases when investigating cases to do with fraud and embezzlement.Financial accountants prepare reports that help evaluate financial performance. Public accountants, on the other hand, provide auditing, consulting, and accounting services. The accounting clerk produces and maintains data for an institution. Tax accountants review the tax accounts and prepare tax returns for companies.Internal auditors make sure that resources get well used, and the institutions comply with federal requirements..

New technologies are revolutionizing the accounting sector with proper analytical tools and anti-hacker technology that can tarnish and taint the image of the institutions(Vecchi et al. 2017). Analyzing and disseminating accounting information has been made faster and safe, given the improved level of technology. Mainly this has helped meet the customer needs. There is a platform for the Accounting& Financial Women’s Alliance (AFWA) that will look at the professional growth of women in accounting. On the 18th of March, ISERD will hold an international conference on accounting and finance.

Reference

Keating, Elizabeth, and Nadeem M. Ghani. “Finance Department Restructuring at the Field Museum.” Kellogg School of Management Cases (2017).

Lambert, S. A., Herbert, I. P., & Rothwell, A. T. (2019). Rethinking the Career Anchors Inventory framework with insights from a finance transformation field study. The British Accounting Review, 100862.

De Mauro, A., Greco, M., Grimaldi, M., & Ritala, P. (2018). Human resources for Big Data professions: A systematic classification of job roles and required skill sets. Information Processing & Management, 54(5), 807-817.

Block, J. H., Colombo, M. G., Cumming, D. J., & Vismara, S. (2018). New players in entrepreneurial finance and why they are there. Small Business Economics, 50(2), 239-250.

Vecchi, V., Hellowell, M., & Casalini, F. (2017). Issues and trends in project finance for public infrastructure. In Structured Finance (pp. 127-152). Springer, Cham.

Bullen, M. L., Kordecki, G. S., & Capener, E. D. (2018). Student Engagement Activities to Enhance Professional Advancement in Accounting and Business Careers. Journal of Instructional Pedagogies, 20.