While many accountants describe their work simply as “accounting,” the field is a broad one. Accounting is a complex task, allowing its practitioners to focus their skills and expertise in a particular area. Knowing which career options are available for accountants is the first step toward choosing the career that works for you and branding yourself accordingly.
Career options for those in the accounting field include:
- Auditing. During the audit process, accountants check accounting ledgers and financial statements for consistency and accuracy. Large corporations and government entities typically have their own auditors, or an accountant may offer independent auditing services. Because auditing is increasingly a computerized process, auditors may require extensive computer skills in order to effectively organize, sample, and analyze data. Auditing may require significant travel, and it offers a solid opportunity to gain valuable background and experience.
- Budget Analysis. Budget analysts develop and maintain an organization’s financial plans. Both government agencies and private corporations rely on budget analysts to create and implement organizational goals. Because budget analysts frequently participate in negotiations and must explain complex accounting ideas to managers and other non-accounting staff, the job requires strong people skills in addition to solid quantitative skills.
- Financial Accounting. Financial accountants use an organization’s ledgers to prepare financial statements. The knowledge they develop while creating and analyzing financial statements often makes them key participants in important financial decisions, including mergers and acquisitions, benefits and ERISA planning, and other work. A good understanding of both accounting and finance is necessary to succeed in financial accounting.
- Managerial Accounting. Accountants in management participate in an organization’s decisions about capital budgeting and line of business analysis. Their duties include cost analysis, analyzing new contracts, and participating in expense-control analysis. Managerial accounting requires a clear understanding of an organization’s structure in order to determine whether money is being spent effectively and to effectively train employees on cost-saving measures.
- Tax Accounting. Tax accountants prepare income tax statements and create and implement tax strategies. They may work with corporations, individuals, or both. Tax accountants also participate in planning and implementing strategies involving financial choice, the tax consequences of a merger or acquisition, choosing how to defer taxes or expense items, and similar work. Accountants with a background in law often have an edge in the job market, as many corporations seek tax accountants who also have law degrees.
At Daley and Associates, our experienced recruiters can help you find the accounting or finance career that fits your skills, experience, and goals. If you are looking for an accountant job recruiter in Boston, contact us today!