In choosing to work in the field of accounting, it is important to know the difference between public and private accounting as well as the various areas of accounting in which to work.
Trained in analysis of accounting systems, collecting evidence and testing assertions
Lots of knowledge of standards for the accounting that applies to the client 's financial statements Experience in multiple industries May be certified as a CPA Advance to auditor, audit manager to audit partner Lots of travel, tight deadlines and long hours Working for an international auditing firm Trained in processing accounting transactions like billings and accounts payable Limited span of knowledge, perhaps confined to a single industry does not need certification …show more content…
In spite of the troubles of the economy, accountants may expect stability in their careers Job progression is fast in the field of accounting Accountants can open up their own firm
Public accounting includes the following types of accounting:
Financial accounting - Preparing a company 's public financial statements.
Forensic accounting - Examining financial records looking for fraud and other illegal activities or reconstructing missing financial records.
Tax accounting - Focuses on individual and business taxes, typically to limit the tax obligation as much as possible.
External auditing - Review of financial statements to determine that they were prepared correctly
Management Accounting may also be known as cost accounting, corporate accounting, or industrial accounting. Management accountants prepare reports and forecasts for managers within a company. They track and analyze internal financial information. They do this by designing and managing internal financial management systems which will assist the business with managing performance, strategic management and risk management. Project accounting tracks finances by project and prepares financial reports for the …show more content…
While I used some sources to put together this slide presentation, I read over many more articles on the topic which all served to help me decide my initial study question - should I proceed toward a career as a public accountant or a private accountant? My research led me to the conclusion that private accounting within a company would be the best fit for me personally. Private accounting has the advantage of a significantly higher salary, but also is less stressful, with little to no travel and the potential to move up in a company to the higher position of Chief Financial Officer. I have to take into consideration that I am a single mother with two children, so the stability of employment as a private accountant would be most suitable. Research for this project answered my primary question and also provided me with lots of extraneous information about the type of work in which I might be interested and the kind of work environment I can expect to find. I found the whole experience of researching and putting together this slide presentation an important tool in helping me make future decisions both educationally and
Trained in analysis of accounting systems, collecting evidence and testing assertions
Lots of knowledge of standards for the accounting that applies to the client 's financial statements Experience in multiple industries May be certified as a CPA Advance to auditor, audit manager to audit partner Lots of travel, tight deadlines and long hours Working for an international auditing firm Trained in processing accounting transactions like billings and accounts payable Limited span of knowledge, perhaps confined to a single industry does not need certification …show more content…
In spite of the troubles of the economy, accountants may expect stability in their careers Job progression is fast in the field of accounting Accountants can open up their own firm
Public accounting includes the following types of accounting:
Financial accounting - Preparing a company 's public financial statements.
Forensic accounting - Examining financial records looking for fraud and other illegal activities or reconstructing missing financial records.
Tax accounting - Focuses on individual and business taxes, typically to limit the tax obligation as much as possible.
External auditing - Review of financial statements to determine that they were prepared correctly
Management Accounting may also be known as cost accounting, corporate accounting, or industrial accounting. Management accountants prepare reports and forecasts for managers within a company. They track and analyze internal financial information. They do this by designing and managing internal financial management systems which will assist the business with managing performance, strategic management and risk management. Project accounting tracks finances by project and prepares financial reports for the …show more content…
While I used some sources to put together this slide presentation, I read over many more articles on the topic which all served to help me decide my initial study question - should I proceed toward a career as a public accountant or a private accountant? My research led me to the conclusion that private accounting within a company would be the best fit for me personally. Private accounting has the advantage of a significantly higher salary, but also is less stressful, with little to no travel and the potential to move up in a company to the higher position of Chief Financial Officer. I have to take into consideration that I am a single mother with two children, so the stability of employment as a private accountant would be most suitable. Research for this project answered my primary question and also provided me with lots of extraneous information about the type of work in which I might be interested and the kind of work environment I can expect to find. I found the whole experience of researching and putting together this slide presentation an important tool in helping me make future decisions both educationally and