Wednesday, October 3, 2012

Accounting

Overview : Since the economic situation of business world is facing dynamic changes, every organization is interested in managing their financial resources. Accounting is the most profitable job roles in business sector. Accountants have to maintain all the financial records and review its accuracy.

Job Description : The main job responsibility of accountants is the proper management of financial resources and transactions. Accountants keep track of all the business operations; analyze the investments, generated revenues and expenses to prepare the financial reports. They maintain tax deductions and tax returns accurately in compliance with the federal laws and regulations. Professionals who work with the government agencies or render services in preparing financial records subject to the federal laws and regulations are termed as government accountants. Internal auditors have to check for mismanagement and frauds in the internal financial records of an organization.

Job Outlook : The job prospects are good for both the entry level accounting professionals. Candidates with professional certifications such as Certified Public Accountants (CPA) or Certified Management Accountant (CMA) may find better job opportunities. A master's degree  in accounting or a MBA degree with specialization in accounting can provide an edge in the job market.

Degrees Offered :  Associate's     Bachelor's    Master’s    Doctorate/PhD   Certificate

Expected Job Growth : According to the U.S. Bureau of Labor Statistics the employment opportunities for bookkeeping, accountants and auditors is expected to increase by 14 percent from 2010 to 2020.

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