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ACCOUNTING CAREERS PRESENTATION

posie tuinstra

Created on September 13, 2023

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accounting careers

presented by posie

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what is an accountant?

  • someone who prepares and examines financial records and handles things like taxes, budgets, and financial statements. Accountants also provide financial advice to businesses and individuals and aid them in making financial desisions.
  • 78,000$ yearly salery
  • requires a bachelors degree in accounting or a related field.
  • a public accountant is someone who works for an accounting firm and aids multiple clients. A private accountant works for a specific business and handles internal financial affairs.
  • someone who prepares and examines financial records and handles things like taxes, budgets, and financial statements. Accountants also provide financial advice to businesses and individuals and aid them in making financial desisions.
  • 78,000$ yearly salery
  • requires a bachelors degree in accounting or a related field
  • a public accountant is someone who works for an accounting firm and aid multiple clients. A private accountant works for a specific business and handles internal financial affairs.

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4 MAIN FIELDS OF ACCOUNTING:

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Financial Accounting
Internal Auditing Accounting
Government Accounting
Management Accounting
  • prepares budgets and reports, performs internal audits, and advises government agencies in spending.
  • works with municipal, provincial, and federal branches of government.
  • helps government agencies run smoothly
  • aids a manager of a business in reaching their goals.
  • analyzes costs and prepare financial records.
  • works within a business to help ensure growth and profit.
  • examines financial records, looks for areas of financial risk and possible internal fraud or theft
  • works with a variety of industries (i.e. healthcare, education, government, etc.)
  • identifies things like compliance concerns and data inaccuracies.
  • Gathers data for financial reports and deals with transactions that have already occured.
  • works with individuals, non profits, coorperations, government agencies, and small businesses
  • monitors all financial activity documented in a ledger to ensure the proper things appear on financial statements.

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4 MAIN ACCOUNTING FIRMS:

PricewaterhouseCoopers
Klynveld Peat Marwick Goerdeler
01
02
03
04
Ernst and Young
Deloitte Touche Tohmatsu Limited

Requirements of the CPA EXAM

to take the exam:
To pass the exam
  • have a post-secondary degree
  • be of good character
  • must have a valid social security number
  • must be at least 18 years old
  • must have 120 college credit hours or a bachelors degree
  • score at least a 75% on each of the 4 sections of the exam (auditing and attestation, business environment concepts, financial accoutning and reporting, and regulation)

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A CPA (certified public accountant) has a certification and more training than a regular accountant. CPAs' responsibilities are more controlled than regular accouatants' and they can also offer a wider variety of services. CPAs can also charge higher rates and represent clients in an IRS audit case, which regular accountants cannot do.

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Degree: must have a bachelor's degree in an accounting related field

Auditing Career:

Degree: must have a bachelor's degree in an accounting related field

Degree: must have a bachelor's degree in an accounting related field

Degree: a bachelor's degree in an accounting related field

average salary in canada: $69k

Description:

external auditing requires a CPA license, whereas internal auditing does not

an audititor is someone who reviews and examines the accuracy of financial records to protect businesses from fraud and boost efficiency. Auditors make sure that a business is complying with the tax laws. Auditors also verify that financial statements follow the generally accepted accounting principals.

FBI AGENT SPECIALIZED IN ACCOUNTING:

Salary:
Description:

can work as forensic accountants, investigative accountants, or internal auditors with the FBI. These jobs can include:

  • analyzing financial data for criminal activity
  • aiding management in deteccting risks and fraud
  • reviewing financial records for errors

around $102,000 per year

Level of educataion required:

Bachelor's degree in accounting or a related field. A master's degree and certification are not required but may help to advance one's career.

Specatator sports accounting:

Description: spectator sports accounting involves ensuring that athletic organizations have the funds to pay for coaches and players. Additionally, these accountants also manage a team's finances and payrolls. They also are responsible for recording a team's income and expendures.
Salary:
education:

around $70,980 per year.

requires a bachelor's degree in accounting and completion of the CPA exam. One may want to consider earning a master's degree as well..

Corporate Entertainment Accountant:

Salary: around $60,000 - $80,000 per year

Description: These accountants can work for entertainment firms (like production companies) or work directly for actors, directors, musicians, and script writers. They handle the finances of their employers in a variety of ways. They may be responsible for paying bills, overseeing taxes, handling bookkeeping, managing budgets, or processing payrolls. Education Required: a bachelor's degree in accounting. Completion of the CPA exam is not required, but may be wise.

Reflection:

After researching a variety of accounting careers, I now can recognize that a degree in accounting can give someone a broad range of job opportunities. Being an accountant could mean that you work with the FBI, like an FBI agent specializing in accounting, or it couuld mean that you work with actors and musicians, like a corporate entertainment accountant. Furthermore, becoming a CPA also would come with a variety of responsibilities and opportunities totally different from those of accountants.

Prior to this project, I just assumed all accountants worked for firms and helped people manage their taxes. However, accounting has many diverse path and play an important role in managing finances, detecting fraud and errors, and aiding in decision making. Accounting fields can vary from forensic accountants investigating tax fraud to sports accountants working with athletic organizations. A degree in accounting can lead to numerous job opportunities all with different responsibilities.

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