Accounting Vs Private Accounting
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 Can advance to controller, Chief Financial Officer (CFO)
Stable work environment, probably no travel, fixed work location and regular hours Usually work with a smaller company not well known outside its niche
A public accountant must be more social, able to interview clients about their accounting systems and discuss potential system failures. This can be a more confrontational job.
A private accountant needs to work with other parts of the company to develop or revise accounting systems and supporting procedures.
As long as there are taxes and businesses, accountants will be in demand The Bureau of Labor and Statistics projects that accounting and auditor jobs will grow by 13% through 2020. In spite of the troubles of the economy,…