SO YOU WANT TO BECOME AN ACCOUNTANT?
One of the most common and highly recommended careers nowadays is being an accountant. Basically, this job entails an in-depth analysis of financial statements and records, usually serving as a support for the chief financial officer of a company. They may also work directly with individuals who wish to reviews their records for tax filing. There are several opportunities for this job as professionals may choose the size of the firm he wants to work on, and may even opt to start his own as a consultant for businesses and nonprofit organizations.
Often, the primary duty of an accountant is to assess the accuracy of statements of finances and ensure that everything within it--balance sheets, income, cash flow statement, and tax returns are in accordance with federal regulations under the accepted accounting principles. They are also responsible for consolidating the needed files and information for entry to company, and documenting all transactions that occur overtime. These details serve as basis in preparing cost accounting reports. These people are obliged to resolve any irregularities they may find in their reviews.
Extra works include overseeing the efficiency of control procedures and softwares to ensure they are in line with the current state policies. At time, they also give recommendations to suggest solutions to pricey business conflicts. The remaining assignment generally includes assisting customers with invoices and payment of balances, contract verifications, devising of budget, and creation of financial models. Accountants organize and file taxes for individuals and firms as well, analyzing each asset to generate a total tax obligation annually.
Despite being a wide field, it typically requires a degree in accounting or business. Entry level career opportunities are usually less tight, and requires only an associate degree. In addition, certifications are also highly encouraged in this line of job, as the practices stipulates passing the Certified Public Accountant examination and complying with further education credit guidelines in a certain state. There are other certifications aside from this, which can be added for a boost in credentials such as Certified Internal Auditor.
These positions are best suited for individuals who are able to process information in a deeply analytical way. Meticulous handling of details is needed, plus proficiency in softwares such as QuickBooks and Excel. Since the profession involves reporting analysis to various departments, strong communication skill will be beneficial as well.
The average yearly salary for this position is at $63,550, however those with minimal experience and are beginners in the field would more likely get around $31,000. Those in senior posts can earn up to $100,000 every year. Those employed in medium-sized companies may not have bonuses or commissions, but have access to several benefits such as retirement contributions, and reimbursement for childcare which increases the sum of their wages. Those who work independently may raise their own salary by catering to more clients under a fee-based system, although benefits might be unavailable for this style.
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