Accounting System

Answer 1

An Accounting System career is both challenging and financially rewarding. Every business needs a trained accountant who can help monitor their financial health and carefully account for income, expenses, profits and losses. For a business to be profitable, they must understand their product or service and make sound business decisions that will increase market growth.

The Accounting Career

Accountants specialize in assisting individuals or business owners with their financial record keeping. A typical business can have hundreds of daily transactions that are tracked with source documents. These documents provide the accountant with information needed to perform daily accounting activities. These daily business and service transactions are analyzed and journalized into specific general ledgers. This organized record keeping is essential to evaluate the actual income and expenses incurred by a business or individual.

Accountants create important financial reports that display critical business information to company managers or individual owners. This information is analyzed and showcases the exact financial health of the business during specific accounting periods. This information is useful for making investments, hiring new employees, or analyzing market trends.

Careers in Accounting

The basics of accounting are used in every business to evaluate profits, loses, income and expenses. Accounting related careers are:

1. Certified Public Accountant (CPA)

2. Controller

3. Auditor

4. Budget Analyst

5. Accounts Payable/Receivable Clerk

6. Financial Manager

7. Tax Accountant

Accounting Education Requirements

Most accounting jobs require a 4-year degree in accounting, business, finance or a related field. A recent college graduate with no job experience will have the training necessary to apply for jobs such as: Staff Accountant, Budget Analyst, or Financial Manager.

To work as a CPA, many states have strict licensing requirements, but typically require the equivalent of 150 credit hours of training. A CPA applicant must also successfully pass a series of tests involving auditing, taxation, regulation, and income tax fundamentals. A CPA must adhere to a strict ethics policy when performing accounting services for the public.

Accounting Starting Salaries

The current national average for a new accounting graduate is $48,900. An individual with higher education, a CPA license, and corporate taxation experience can earn up to $120,000 working in accounting related careers