Monday, October 29, 2012

Tax, Finance, CE, CPE, EA, CPA, CFP Blog: Variety of Accounting ...

The accounting field offers several specialties within the profession, but every path calls for plenty of education plus CPA exam preparation. In addition, after passing the CPA exam, more training occurs on the job while meeting licensing experience requirements. During this extensive period of skill development, you discover areas of personal aptitude and interest. These form an outline for matching your abilities with a career avenue. Accountants are partly masters of mathematics, but also partly detectives. The right position for you in the accounting world usually comes into focus during an online CPA course. The details learned for the CPA exam greatly expand your accounting knowledge. This permits you to visualize the many purposes served by accountants. The majority of accountants work in public accounting. However, within this category are a variety of components. Public accountants all start with the same foundation of expertise derived from successful study for CPA exam completion. Eventually, they branch into working as tax advisors, auditors, or consultants. Some specialists are forensic accountants, who investigate such matters as fraud and embezzlement situations. Public accounting is the right choice if you prefer dealing with a variety of situations and environments. Businesses need accountants who can accurately document transactions and analyze trends. Advice is needed about minimizing taxes, controlling expenses, and capturing expanding revenue opportunities. Information about tax and finance is constantly changing. So, public accountants remain engaged in continuing education with the same intense concentration as they placed on CPA exam courses. Management accountants analyze financial data for companies that employ them directly. The increased responsibility companies are placing on finance staffers is resulting in more demand for individuals with CPA licenses to fill the positions. Corporate accountants now engage in complex risk assessments. Technological tools allow manipulation of budgeting data to evaluate “what if” scenarios. Internal auditors form the core of finance areas within large organizations. Their analysis is crucial to deriving information about corporate initiatives and procedural consistencies. They also detect fraud and operational conditions that require improvement. Management accounting or internal audit is the right occupational choice if you prefer focusing upon a single company. The part of your accounting education experience in which you thrive is indicative of where you want to ultimately land for a long-term work arrangement. An extra step beyond a CPA review course is necessary to further your learning process on the path to an accounting career. That is, make technology subjects an important part of your knowledge after passing the CPA exam. Technology is transforming the work of accountants in all specialties. Every CPA needs to understand how data management systems function and prepare to quickly learn specific accounting software packages at their places of employment. A fortunate result of this technology trend is that advanced accounting professionals are more highly valued than ever for using these systems to help business enterprises. CPAs are accomplishing this as both public accountants and finance team members inside corporations. IRS Circular 230 Disclosure Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.

Source: http://fastforwardacademy.blogspot.com/2012/10/variety-of-accounting-career-paths.html

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