Accounting consists of three major purposes—to identify, record, and communicate the economic events and financial transactions of an organization to its interested users, in order to provide a company with the information necessary to keep a business financially stable. When identifying economic events, a company must select those that are relevant to its business. In recording these events, transactions must be kept in a systematic, and chronological order, measured in monetary value. In order for companies to communicate information, an accountant must be able to analyze and interpret the information at hand, which involves explaining its usage, meaning, and restrictions of the reported data. Since accounting covers a broad spectrum of
…show more content…
Many people choose to pursue Masters’ programs, as well as organizational and state level certifications, to make themselves more competitive in the job market. These certificates include the Certified Public Accountant, Certified Financial Planner, and Enrolled Agent. Tax accountants hold a very significant role within a business’s finances and are faced with many responsibilities. Many hiring companies mandate the completion of a Master’s degree and these certificates, in addition to having tax experience. The average salary of a tax accountant falls around $53,000 in the …show more content…
Bookkeepers are not required to be licensed, but there are programs available for voluntary certification. For these programs, it is usually necessary to have at least two years of bookkeeping experience, in addition to passing an exam. Since bookkeepers do not have a mandatory set of requirements that they must meet, they are generally paid much less than the average accountant. The salary of a bookkeeper is subject to my factors, but typically ranges from $34,495 to
Many people choose to pursue Masters’ programs, as well as organizational and state level certifications, to make themselves more competitive in the job market. These certificates include the Certified Public Accountant, Certified Financial Planner, and Enrolled Agent. Tax accountants hold a very significant role within a business’s finances and are faced with many responsibilities. Many hiring companies mandate the completion of a Master’s degree and these certificates, in addition to having tax experience. The average salary of a tax accountant falls around $53,000 in the …show more content…
Bookkeepers are not required to be licensed, but there are programs available for voluntary certification. For these programs, it is usually necessary to have at least two years of bookkeeping experience, in addition to passing an exam. Since bookkeepers do not have a mandatory set of requirements that they must meet, they are generally paid much less than the average accountant. The salary of a bookkeeper is subject to my factors, but typically ranges from $34,495 to