As much as accounting is an intellectually challenging and financially rewarding field, it is also a diverse one in terms of the career paths one can choose. Here are some careers you can choose from if you have a Degree in Accounting. Some are in the field of accounting, while some are from other industries.
Accountants and Auditors
This is the most obvious career choice for those having a Degree in Accounting. People in this profession draft, examine and analyze financial documents, ensuring the accuracy of financial records, keeping track of taxes and that they are paid on time, etc. They may also suggest cost-cutting means for organizations or ways of enhancing revenues.
Bookkeeping, Accounting and Auditing Clerks
People in this occupation often work with special bookkeeping software, spreadsheets and databases. Their job mainly involves record-keeping, requiring them to update financial records, organize files, check financial records for accuracy, produce reports such as balance sheets, income statements, etc.
With the world fast becoming a global village, the importance of these accountants is also rising. International accountants ought to have know-how of international financial reporting standards, and need to travel extensively to various places. Their job roles involve working on tricky mergers and acquisitions or trade treaties across countries, helping with the accounting aspects of these deals.
Monitoring everything to do with an organization’s budget, people in this profession help private and public institutions organize their finances and manage their spending. From reviewing budget proposals, developing an organization’s budget to estimating future financial needs, budget analysts’ job responsibilities are quite wide and varied.
Tax Examiners, Collectors and Revenue Agents
People in this occupation have to review filed tax returns, conduct field audits of income tax returns for verification, and keep records of the cases they deal with. All in all, these are the people who ensure that people and businesses are paying their taxes responsibly and on time.
Cost estimators have to make estimates of time, money, and other resources required for producing a given product, be it in the manufacturing or services industry. They need to read blue prints, use sophisticated software, and collaborate with people in other positions in an organization in order to each the estimates they present.
Financial Examiners make sure that companies and financial institutions comply with laws drafted for them. Their work involves reviewing financial documents such as balance sheets and loan documents to ensure that an organization’s assets and liabilities have been accurately reported.
The job of these professionals requires them to suggest means of improving efficiency in an organization. They provide advisory and consultancy services to the companies they work for, suggesting ways of reducing costs and enhancing revenues to make organizations more profitable.
Based on assessments of financial instruments such as stocks, bonds, etc, financial analysts help individuals and businesses make investment decisions. They study economic and business trends to make recommendations for investment to their clients.
You can choose from all of these career paths if you have a degree in accounting. Which one will you go for?