What are Different Types of Accounting Jobs?
Accountants have much, much more than a “knack for numbers.” As an accountant you’ll manage a business (possible your own company), which means you need the ability to manage clients. If you enjoy math, that’s important, but if you’re honest, organized, dependable, and a good communicator – with written and verbal skills – then you have the makings of a great accountant!
Accounting is a career that will allow you to work where you want to be. The biggest cities need accounts to run but the smallest towns also need number crunchers to keep their businesses and offices running smoothly. You might be wondering where an accounting degree can take you along your career path and you night be surprised to know the answer is; a lot of places! Accountants can choose from several types of professional careers with many different kinds of companies.
Most companies need an auditor, at least annually. As an auditor, you’ll analyze companies’ financial statements for accuracy and compliance with state and federal regulations. You’ll review the business assets, bank balances, expenses, income, and ledgers. Hopefully, everything will add up correctly! If not, you'll have to figure out what went wrong.
Your clients (private companies, nonprofits, government agencies) need help creating and implementing a business budget. You’ll need a good understanding of their business environment at every departmental level so that you can make expense decisions based on their current and future earnings. When it’s time to distribute money to the departments, you’ll be the most popular person in the building!
The Forensic CPA Society says, “Forensic accountants inhabit a cloak and dagger corner of the accounting world . . . anything from procurement fraud to a top executive ‘cooking the books’ to industrial espionage.” Forensic accountants spend more time than most in courtrooms giving expert testimony; in fact, that’s what “forensic” means: suitable for use in court. As a forensic accountant, you’ll need to develop your investigative skills to dig deeper to discover the numbers behind the numbers.
As a staff accountant, you may work for corporations, government agencies, large accounting firms, or nonprofits. Some of your duties may include preparing taxes, monthly/quarterly reports, and financial statements. You can create and evaluate others’ budgets, handle bookkeeping, accounts payable, and accounts receivable, among other duties.
A bachelor’s degree is the minimum requirement for a tax accountant, and to become a CPA (Certified Public Accountant), you might need 30 hours of study. It’s important to keep up with ever-changing federal and state regulations and understand business concepts so that you can advise your clients.
Salary Potential for Accountants
Here are some numbers with which you can work, and happily: Estimate your own salary potential as an accountant! Actually, the Bureau of Labor Statistics (BLS) has made it easy for you. The median salary (halfway between the lowest and the highest earnings) for 2015 was $67,740 per year. The BLS also categorizes median salaries based on industries:
- Finance/insurance - $71,760
- Business management - $69,560
- Manufacturing - $68,020
- Taxes, bookkeeping, payroll - $67,440
- Government - $65,180
Location also plays a role in potential salaries for accountants. For example, the mean salary for Virginian accountants as of May 2015 was between $74,700-$93,000. Accountants’ salary averages in Arkansas were between $36,770-$62,910. In some areas of the U.S., earning a 6-figure income as an accountant is common.
The job outlook for careers in accounting is expected to grow by 11% through 2024, according to the BLS. Average career growth is 7%, so this is a good deal faster than average!
To Become an Accountant, You have to Start with Education
A Bachelor of Science Degree in Business Administration with a concentration in Accounting is an essential beginning to your accounting career. ECPI University offers this degree in an accelerated format. Dedicated students could earn their bachelor's degree in as little as 2.5 years.
Call (844) 334-4466 or inquire online today to get in touch with one of ECPI University’s admissions specialists. Here at ECPI University appreciate the people who have served our country. If you're a former or current military service member be sure to learn more about our programs for military and veterans.
It could be the Best Decision You Ever Make!
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Gainful Employment Information – Accounting - Bachelor’s