What education or certification will I need to work in accounting?
One unique thing about accounting is that you can enter the field with education at every degree level. An associate's degree will prepare you for entry-level positions, while a bachelor's will impart a greater base of knowledge and pave the way for a Master of Business Administration or other advanced degree. Your master’s will usually take one to two years to obtain.
According to Robert Half International, CPA is the certification most frequently requested by employers; therefore, many accountants get licensed to increase their prospects. CPAs are licensed by their state’s board of accountancy, which facilitates a national exam and outlines state requirements. Be sure to check the requirements for the state in which you plan to study and work. Almost all states require CPAs to take continuing education to maintain their license.
Learn more about accounting curriculum on What You’ll Study.
What does an accountant do?
The primary task of accountants, which extends to all the others, is to prepare and examine financial records. They make sure that records are accurate and that taxes are paid properly and on time. Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently. They also provide the same services to individuals, helping them create plans of action for improved financial well-being.
On the job, accountants:
Examine statements to ensure accuracy
Ensure that statements and records comply with laws and regulations
Compute taxes owed, prepare tax returns, ensure prompt payment
Inspect account books and accounting systems to keep up to date
Organize and maintain financial records
Improve businesses efficiency where money is concerned
Make best-practices recommendations to management
Suggest ways to reduce costs, enhance revenues and improve profits
Provide auditing services for businesses and individuals
What career paths can I take in accounting?
Usually, accountants and auditors work in offices, although some work from home. Auditors may travel to their clients’ workplaces.
Many accountants specialize, depending on their client or clients’ type of business and needs. Typical specializations include assurance services (improving the quality or context of information for those in decision-making positions) and risk management. Accountants can also specialize by industry, choosing to work in healthcare, for instance.