An accountant’s job entails trying to ensure that business firms and individuals are keeping good information and paying taxes properly and on time. Though the accountant job description for some sales positions may be simple, additional accountant job descriptions are not quite as clear because of the quantity of duties that are required.
Generally, an accountant performs vital functions to businesses, as well as individuals, of all types by offering a very wide array of business and accounting services, including public, management and government accounting, as well as inner auditing. These four major fields of accounting, and likewise to having a minimum of a 4-year college degree, each has a separate accountant job description.
1. Public Accountant
A public accountancy firm job description can be summarized in what most people envision because “typical” accountant’s work. It involves performing a wide range of accounting, auditing, tax, and consulting activities for their clients, which may be corporations, government authorities, nonprofit organizations, and individuals. Areas in public accounting are often selected. For example, a public accountancy firm may choose to concentrate on tax issues, such as advising companies concerning the tax advantages and disadvantages of certain company decisions and preparing person income tax returns. Other community accountants may choose areas such as compensation or worker health care benefits, or may design accounting and data digesting systems. Still other community accountants may choose to specialize in auditing financial statements and inform traders and authorities that claims have been correctly prepared and reported. Public accounts are usually Certified Public Accountants (CPAs), and generally own their own businesses or work for public accounting firms.
2. Management Accountant
Another accountant job description is that of a management accountant. Also called a cost, managerial, industrial, corporate, or private account, management accountants record and analyze the financial information of the companies for which they work. The administration accountant job description features a detailed listing of responsibilities, for example budgeting, performance evaluation, cost management, and asset management. Management accountants are often a part of executive teams involved in strategic planning or the development of new products, exactly where they analyze and translate financial information that corporate executives need in order to make sound business decisions. They also prepare financial reports for other groups, including stock holders, creditors, regulatory agencies, and tax government bodies. Management accountants are usually a a part of an accounting department, employed a large company, and may work in numerous areas that may include monetary analysis, planning, budgeting, and cost accounting.
3. Government Accountant
A government accountant works in the public sector, sustaining and examining the information of government agencies and audit private businesses and individuals whose activities are subject to federal government regulation and/or taxation. This accountant job description, while detailed, is much more specialized. Government an accounting firm are employed by Federal, State, or even local governments, and try to guarantee that revenues are received and expenditures are made in compliance with laws and regulations. Those employed by the Federal government may work as Internal Revenue Services agents or perhaps in financial management, financial institution examination, or budget analysis and administration.
4. Internal Auditor Accountant
The accountant job explanation of an internal auditor can essentially be summarized by the work title. Internal auditors verify the precision of their organization’s internal information, and check for mismanagement, waste, or fraud. It is an increasingly essential area of accounting, because internal auditors examine and evaluate their own firms’ financial and information systems, administration procedures, and internal regulates to ensure that records are accurate and controls are adequate to protect against fraud and waste. They also review company operations, evaluating their effectiveness, effectiveness, and compliance with corporate policies and procedures, laws, and government regulations. The accountant job description of an internal auditor can vary with different companies, and may include job duties such as electronic data processing, environmental auditing, engineering, legal audit, insurance reviews, banking, as well as health care auditing.
Accountants in most four areas can work for an organization, or can be employed by an accounting firm, which would in turn be hired by a company for consulting. An accountant can also be self-employed, and provide sales services to individuals, businesses, or even both.
Most accounting jobs include an accountant job explanation that requires a bachelor’s degree, at minimum, in accounting or a related field, and some accountant job descriptions might include the advantages of a master’s degree or even Certified Public Account (Cost per action) certification, obtained through a four-part, Uniform CPA Explanation prepared by the actual American Institute of Cpas (AICPA). While the two-day CPA examination is actually rigorous, and only about 25 percent of those taking the exam pass every part they attempt, Cost per action certification can greatly assist in the rate of pay obtained, and in most states, the actual examination can be taken in two parts, which may assist in get yourself ready for and passing the exam.
According to the United States Department of Labor, employment of accountants and auditors is anticipated to grow at a faster compared to average rate, for all accounting occupations from all accountant job descriptions mentioned, through the year 2014. This is due to an increase in the number of businesses nationwide, changing financial laws and regulations, and increased scrutiny of company finances. In addition to these types of reasons for new accounting jobs opening up, there will also be a need to replace accountants and auditors who will stop working or transfer to other jobs.
The field is also becoming more specialized due to technology and brand new, accurate accounting and audit software experience becoming a crucial addition to an accountant job description. An accountant job description may include, in addition to educational and technological requirements, strong interpersonal as well as communication skills, simply because of the fact that most accountants work on teams with others from different skills, and will need the ability to talk accounting and financial information clearly and concisely.
No matter one’s qualifications, competition within the accounting field will remain powerful for the most prestigious jobs, and for obtaining clients for those accountants that are self-employed.