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Career goal for accountant
Career goal for accountant
Accountant career goals
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Occupation I am researching the career of a corporate accountant. I am interested in this career because I really enjoy accounting, however I do not wish to do public accounting, which is for the most part assembling tax returns for the general public and being in meetings. I love the accounting standards and I love the feeling of getting a balance sheet to balance, so I figure doing financial statements for a business is where I may want to end up. Description A corporate accountant prepares financial statements for the organization, checks the accuracy of the financial statements to ensure they comply with the GAAP (Generally Accepted Accounting Principles), and makes a budget for the company and ensures they follow the budget. There are a lot …show more content…
A few of the perks of being a corporate accountant (as opposed to a public one) include being able to work in a business of (hopefully) your choice, a better work/life balance as tax season barely applies to you, consistency in your work, and bonus incentives since employers are trying to attract accountants to work for them rather than at a firm. These bonuses can include stock options, annual monetary bonuses, and a pension. There are a few downsides however, as with all things. One of the major ones is that it is a desk job, and because of this, accountants are not getting any physical activity and could be slouching in their chair all day which is bad for their health. Generally they do not travel and their work can be considered a little less stressful than that of public accountants. It is typically a nine-to-five job, so working weekends and overtime is rare. The major association with this field of work is the CPA (Chartered Professional Accountant) designation. It is required only for public accounting, but if you have a CPA designation as a corporate accountant it can raise your salary and increase the amount of job security you
Besides, a CFO is responsible for providing investors with an accurate reporting. On the other hand, ethical responsibilities of the professional accountant is essentially important. As a CPA, they must take all the facts into consideration that which action are
Truck driving is a much needed career to help transport goods across the United States and other local areas. Commercial Truck Driving is the career I choose to uphold. Trucking is a way of transportation needed to keep business going. Trucking has been a part of my family for years so I fell in love with trucks now I won’t to drive my own. This career has a good background, career requirements, job positions, and a good reflection.
Accounting is basically a service activity. Its purpose is to provide quantitative information that principally used by the managers, investors, tax authorities, and other decision makers to make the financial decisions within companies, organizations, and public agencies. Accounting is also widely known as the “language of business.” An accountant measures, communicates, and interprets financial activities. They prepare financial statements or reports for individuals, businesses, government agencies, or other non-profit organizations. They use the accounting systems to categorize the expenses and income to the typical groups. They also keep tract of the money received or paid out to see if the transactions are accurate and complete. Accountants are familiar with the computer operation. They use the computer...
Managerial accountants need to use accounting information in seeing to it that they are able to plan, evaluate the company performance, manage risks and control the business operations in a manner that is deemed beneficial to the business as a whole (Caplan, n. d). This can be achieved through: having high standards of ethics in all situations; employing the techniques of management reports, budgetary control, and analysis of fund flows and financial statements; making prudent capital investment decisions; and maintaining continuous quality control systems.
Each person has a different idea of what it means to be successful. After talking to my family and some friends, I know that I have several strengths and weaknesses. I know that I will face some opportunities and threats. Also, I know that I will have competitors. In this competitive business world, understanding what is truly valuable to me is a major step towards achieving my goal. My strengths are my languages, technology skills, education, work ethic and the ability to follow directions. My weaknesses are communication skill, lack of U.S culture and working experience. Increasing job demand, globalization and accountant role expanding are three major opportunities in accounting field. Information technology, uncertainty of recession and starting salary are 3 major threats to my financial success. I will face all the accounting major competitors from the Midwest.
When I think of a financial manager, accountant quickly comes to mind. The role of accountant and financial manager are similar in several ways and often times they work closely together on various projects. The role of an Accountant is to ensure that their organization is run efficiently, make sure their records are accurate, and that their taxes are paid properly and on time. Accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients. They record and analyze the financial information of the companies for which they work. Other responsibilities include budgeting, performance evaluation, cost management, and asset management. “The role of the financial manager has expanded beyond traditional responsibilities related to company's finances. A financial manager, through his/her understanding of the company's financial health, the current market, and the goals of the company, helps set direction and guides decision making.” Financial managers perform several different task related to finance for their organization they normally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies.
The subject of accounting is not everyone’s cup of tea. One needs specific skills and traits to become an accountant. To be an accountant, one must be analytical, well organized, detail-oriented, and a good communicator as well as much more. Accountants prepare and organize financial statements, analyze costs of operations, products, and projects, budget and prepare reports, audit financial statements, etc. In the accounting industry, there are prestigious firms where one would dream to begin a career. These firms are specifically known as the “Big Four Firms.” These firms include PricewaterhouseCoopers or PwC LLP, Deloitte LLP, Ernst & Young or EY LLP, and KPMG LLP.
Increased competitions and high expectations of the companies have put high pressure on the accountants. Making the most accurate decisions and helping the companies maximize their financial performances have become almost basics of the accountants’ duties. Many business owners question why they need to seek the services of an accountant when they can do many things themselves with the help of the technological tools. Today, an accountant must provide more than what technology can do for the company. They have to set business plans, goals and provide guide to achieve them with less cost and most profit. They have to advise business on their investments and project the most profitable decisions for the company. Beside the investments, accountants expected to consult the firms on their consolidations with other firms. Making decisions and researches on reducing costs, and sharing resource while providing variety of offerings puts lots of stress on the
My first goal is to continue my education by earning a Master’s degree in Accounting right after completing my bachelor’s degree. The MSU’s Accounting program attracts me for both its reputation and its career opportunities available for international students. It is my responsibility as a future accountant to be really familiar and proficient at the tools accountants use regularly. Achieving my master’s degree will also help me achieving my second goal of becoming a CPA by meeting the requirement of curriculum. Thus, I am professionally and academically motivated to earn a Master’s degree of Accounting at the Broad Business College.
I feel that this major is of a great interest to me because its diversity. Both career paths have advantages and disadvantages. Public accountants have greater variety of exposure in working with different clients and industries; also, advancement opportunities may become sooner. On the other hand, private accountants can reach management levels without a CPA license and advancement opportunities may not come as quickly. This overview presented me a better idea of where a degree in accounting could take me. Knowing that I have a variety of opportunities and room for growth give me the confidence I need to Pursuing the degree would definitely open up the doors for me. Similarly, knowing that I have a detail oriented personality is a perfect fit for the world of accounting; I feel confident that my analytical, math and communication skills will help me to become a trustworthy and reliable accountant who help people to become more efficient with their
Accountants are becoming a needed job in the business industry and play a very important role in the success of many businesses. This job usually requires at least a bachelor’s degree in accounting and sometimes even a CPA (Certified Public Accountant). There are many other things that are needed to be considered before choosing this career. The job environment, education, skills, and benefits are just some of the many things that need to be thought through before considering this career.
All college students should partake in career exploration project because it gives structure and direction. The result from an assessment identifies and prioritizes which careers will best suit an individual person or student. It does not necessarily mean they have to pick that particular job or career; it gives them more chooses to choose from. Career exploration is a life long journey that is emotionally, physically and mentally stress full. I say lifelong because as time goes on so does an individual’s views, abilities and skills. Career exploration is very helpful to a career, because it improves a person's ability to become informed of their interests, skills, values, abilities, aptitudes, weaknesses and strengths It helps in the guidance of career matters across the nation, job influence, growth, work hours opportunities to name a few. An individual needs to remember that when doing this career exploration project to keep in mind that money is only a temporary fix. In the beginning it may bring you joy and happiness but as time goes on it will not keep up personal enjoyment i...
Accounting is one of the fastest growing fields in the United States It expands each time a new store, a factory, a filling station, or a school goes up, whether in a large city or a small town. In today's society, the demand for good accountants for exceeds the supply. As our country has expanded, business and industry have become more and more complex, so control here is very important. And control depends on a great deal of the bookkeepers and accountants who can analyze figues and advise management on what should be done. They are using more scientific ways changing money, figuring change, and collecting sales taxes. Moreover, department stores and other companies now have plants and offices widely scattered throughout the country. A new set of bookkeepers and accountants, is needed at each branch. I know there are many managements supervisory, and junior or senior executive positions are bing filled by people who started as accountants because accountants have the knowledge of methods and finance and comprehension of the fundamentals of business, and acc...
Chartered Accountants serve business clients by preparing, reviewing and evaluating financial statements, consulting, preparing budgets and tax returns and analyzing financial information in order to help them with business strategies, auditing services, management, and maximizing production. Chartered Accountants are recognized as leaders of the Canadian business society. The intense programs of education and training have shaped each CA to become an evident leader with financial expertise to help any business grow and succeed in society.
There is a lot to gain from getting into accounting. Accounting will teach you how businesses work. Many business owners started off careers in accounting. It’s possible for someone to move from an accounting position into a CFO because they have a great understanding of what is required to drive a business and profit. Accounting has been around for a very long time and will always be necessary for today 's society. Learning the basics of accounting will help with multiple jobs. For anyone that wants to own their own business or go into a home owned business accounting is the best thing to learn first is business