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Finance and Accounting

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On the most basic level, acountants keep and inspect financial accounts for companies, gvernment institutions and individuals. Sme accountants are self employed while others work for large firms. Mst accountants work full time though some work part time. Tose who work part time are usually busier during end of financial year and during tax season (Ryan, 2004, 45). Mst accounting professionals have at least a bachelor’s degree which usually takes four years to complete. Hwever there are accounting associate degrees. Wth more education and experience accountants can become certified accountants can do more tasks than other accountants as they can sign the financial documents submitted to the Securities and Exchange Commission.

Tey can also easily advance their careers to management positions and can also easily specialize in one area of interest. Crtified accountants can also perform audits, rview statements and represent clients before IRS. O the other hand it takes considerably more time and resources to become a certified accountant. T become a Certified Public Accountant a minimum of a bachelor’s degree is required academically. Sme states advanced coursework besides a bachelor’s degree.

Sudents who later become accountants tend to excel in math and have excellent analytical skills. Tey also need good interpersonal skills since they have to deal with many categories of clients. Acountants also need strong organizational skills and should be detail oriented. Acounting records must be accurate as businesses need them to make sound financial decisions. I 2012 the industry that employed most accountants was accounting, tx preparation, bok keeping and payroll services industry with 25% (Robinson, 2012, 38). Acounting is helpful at personal level in budgeting, fnding out how much one has spent in a given period of time.

Iterpersonal skills are important since especially at the entry level most accountants work as auditors and generally auditors are loathed by almost everyone in the organization because of the nature of what they do. Terefore people skills are important (Alba, e. a, 2005, 103). Fnancial managers help organizations, bth public and private, t develop and manage financial objectives. I encompasses many duties and job titles including credit. ..

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preview essay on Finance and Accounting
  • Pages: 8 (2000 words)
  • Document Type: Essay
  • Subject: English
  • Level: Masters
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