Types Of Accounting Career
Wednesday, February 25, 2009 5:11Accounting is interesting job for commerce students. Nowadays students of any branch can join this field. Accounting requires mathematics. One should be good at mathematics.
Types of accounting career
Public accountant firms
A group of accountants work together and provide various accounting solutions the various business firms and individual.
Government
There are various accountants who work for the government. They prepare audit, budgets, costing and details of all financial activities.
Corporation
Almost all corporations have accountants, to handle financial record, managing tax returns and so on.
Individual
Some accountants work individually and provide various firms with accounting facility. However, sometimes they have to sit without any work. They are responsible for both payment and ensure job being done properly.
Types of Accountants
- Chartered accountants
- Certified public accountants
- Certified management accountants
- Certified practicing accountants
Accounting methods
Following are some of the accounting methods
- Lean accounting
- Cost accounting
- Financial accounting
- Management accounting
- Project accounting
- Tax accounting
- Internal and external accounting
And so on.
One can search for jobs in accounting with any of the above as keyword.
Jobs are in plenty in the field of accountancy. The hottest branch in accountancy is that of tax accountancy with financial accountancy second place.
How To Become an Accountant
To become an accountant one should have a graduation degree. After which he has to do an accountant course. But in some cases they have to pass certain examinations. For example to become certified public accountants one has to pass AICPA (American Institute Of Certified Public accountants)
Test One can also opt for MBA degree in accountants to become an accountant.
Salary of accountant
An Average Accountants charge hourly rate ranging from $18 to $ 30. Their average annual salary is $40000 to $50000.
Working conditions
Most of the accountants have to work for 40 hours a week. However some work for even longer hours. Especially for self-employed accountants there are no fix hours. They continue to work unless the job is over.
Future of accountants
In the future this field is really going to boom .The future is certainly bright. It increased by 35 % in the year 2005. It is still going to increase in 2008-2009. The hottest branch is tax and health care in which opportunity is tremendous.
What to do to have better future in accountancy
If anyone wants a better future in accountancy, he should go for tax and healthcare. These are to two hottest branches at present. Go for these branches and you will have great future ahead.