How to Become an Accountant in the Horse Industry

Equine accountants keep track of expenses for businesses in the horse industry.

Some accountants choose to work for public accounting firms, while others join private companies or pursue entrepreneurship. Individuals who enjoy working with animals while computing figures combine their two interests by becoming equine or horse accountants. Accountants who serve the horse industry help horse owners make sure their finances are in order. They review accounting ledgers, analyze transactions and update accounting databases as needed. Equine accountants also conduct audits, make bank deposits and prepare financial reports. Similar to other industries, these accounts must be detail-oriented, trustworthy and possess strong communication skills to succeed.

Things You'll Need

• Bachelor's degree in accounting or finance
• Work experience in horse industry

Instructions

1. Complete a high school education, if you haven't already done so. Take courses in subjects such as computer science, accounting, business calculus and typing. Consider joining extracurricular activities or clubs that focus on accounting and economics. Assume leadership roles such as treasurer to start building experience that can be used in an accounting career.

2. Obtain a bachelor's degree in accounting or finance at an accredited college or university. Pursue a master's or MBA degree with a concentration in accounting to boost your job prospects. Consider taking courses in equine studies, zoology or equine management to build knowledge about horses and the equine business.

3. Participate in internships during your college program to gain practical and industry experience. Start researching internships with organizations such as equine hospitals, management groups and industry associations. Use internships to get exposure to other areas of the horse business, including accounting, marketing and management. Develop accounting expertise by also interning with accounting firms or accounting departments in equine-related companies. Shadow experienced accountants and pick up basic skills including bookkeeping, database management and filing.

4. Join an accounting firm that serves equine businesses, or obtain a staff accountant position in a company that cares for or trains horses. Build your ability in financial analysis, problem-solving, computer technology and public speaking, as these skills will become important throughout your career. Obtain your Certified Public Accountant (CPA) license if you plan to work for a public client in the equine business.

5. Become a member of noted industry associations that will allow you to network with other equine accounting and horse business professionals. Consider attending professional events and conferences hosted by organizations such as the American Quarter Horse Association.

Tips & Warnings

• Some accountants acquire industry experience by running or working in equine businesses part-time. Other professionals acquire their experience by working on horse farms as apprentices or at equestrian shows during high school and college. Having strong knowledge of horses and how equine businesses operate boosts your chances of obtaining clients or a position in the horse industry.

References

• "The Career Guide to the Horse Industry"; Theodore A. Landers; 2001
• Bureau of Labor Statistics: Accountants and Auditors

Resources

• American Quarter Horse Association: Join AQHA
• Purdue University: Internships
• AICPA: Become a CPA