Accounting: the Profession

Topics: Certified Public Accountant, Accountant, Accountancy Pages: 8 (2646 words) Published: February 25, 2013
Determining which professional certification is right for you will depend upon your career goals. Earning one of the accounting-related professional certifications is no easy task; however, earning and maintaining your certification can increase your chances for advancement and promotion, enhance your reputation among colleagues and within the profession, and result in salaries that are higher than your non-certified peers as long as you remain ethical.

The Profession of Accounting

When most people go to college they think of what major would be the most interesting, and most exciting. However there are a few brave souls who want to learn the language of business and accounting. For those few the major of accounting calls to them. There are many different types of jobs, industries, education/skills and certifications that can be obtained in the accounting world. One thing to keep in mind is the importance of ethics in this career choice. As well as the rules and governing bodies that watch over accountants and their practices. Types of Accounting Jobs

There are many types of accounting jobs. Telecommute accounting jobs and contract accounting jobs are just to name a couple. One thing is clear, regardless of the position or type, accountants deal with money and time ratios, but how they keep track of these varies considerably. When an accountant is in college, they typically specialize in one field, which includes: Bookkeeping, Cost accounting, Accounts payable, Tax accounting, Accounts receivable or Payroll and time keeping. With this being said, the types of accounting jobs vary depending on what you specialized in while in college. There are many different specialties and branches under the supervision of accounting. Many people specialize in one area, such as bookkeeping and then receive continuing education in another area such as cost accounting. Therefore, while there are various types of accounting employment available, it is still considered accounting. Many companies today hire accounting firms to take on all their various accounting needs (What are the Different Types of Accounting Jobs? Retrieved, June 27, 2012 from Therefore, many of the types of accounting jobs are not within the actual company, but instead you may work for an accounting firm, where you have various clients, both large and small that your firm services. With an accounting degree in hand, there are many career paths that you can follow: a career in public accounting as an auditor, tax advisor, or consultant; a career with a corporation or a governmental organization as a management accountant, internal auditor, financial planner, or accounting systems manager; or a career as a high school or university faculty member (Goldberg, 2005).

Accounting Industry
The accounting industry serves all sectors of the economy, including for-profit enterprises, nonprofit organizations, and local, state, and national governments. It compiles and interprets data to enable informed business decisions and coordinate business relationships. The industry has been crucial to the efficient management of American business and accounting is sometimes called “the language of business.” (Samuel, 2009) Accountants can choose from a variety of different career paths; there are several different industries and specializations that an accounting graduate can pursue. Choosing an The Profession of Accounting

industry basically means choosing who you want to be employed by. There are six primary industries: Public, Corporate, Non-Profit, Education, Government, and Consulting. Public is usually used as an abbreviation for Public Accounting Firm. The vast majority of students who graduate with an undergraduate degree choose to work for a public accounting firm performing accounting services for a variety of different clients. The three top accounting firms...

References: American Institute of Certified Public Accountants. (n.d). Professional Standards. Chicago, Ill
Certified Public Accountant. (n.d). Retrieved June 25, 2012 from
Goldberg, J. (2005). Great Jobs for Accounting Majors. McGraw-Hill.
No Author. (n.d). Top 100 Accounting Firms in the U.S. Retrieved, June 27, 2012 from
Richardson, Melvin. (2009). Skills and Qualifications Needed to Be an Accountant. Retrieved, June 26, 2012 from
Samuel, Sajay. (2009) "Accounting industry." Historical Encyclopedia of American Business. Ed. Richard L. Wilson. 3 vols. Salem Press. Salem History Web. 27 Jun. 2012.Accounting Industry: An Overview
The Securities and Exchange Commission. (n.d). Retrieved, June 25, 2012 from
Turpin, R., Alvis, J., and Tyler, N. (n.d.) Professional Certifications in Accounting. New Accountant Magazine
What are the Different Types of Accounting Jobs? (n.d). Retrieved, June 27, 2012 from
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