Careers for a Bachelor's Degree in Accounting
Job growth in accounting is growing at a faster than average pace according to the U.S. Department of Labor. The increase in jobs is related to businesses needing accountants to help them navigate new financial laws and regulations and increased government oversight of business finances. Entry-level accountants with a bachelor's degree can choose from many different career options when seeking employment after graduation.
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Public Accountant
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Public accountants work in all types of corporate environments to help businesses keep accurate financial records. They prepare, review and verify financial documents. They also work in risk analysis, evaluate business assets, monitor financial performance and help businesses prepare taxes. Public accountants must also keep abreast of federal and state accounting laws and regulations. Many accountants become licensed by taking a state board exam to become a certified public accountant (CPA). Other titles that public accountants may have in a company include consultant, auditor and tax staffer. They may work under the direction of senior staffers such as controllers and chief financial officers.
Government Accountant
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Accountants work at the federal, state and municipal level. Entry-level accounting positions include positions where employees work in auditing, compliance and financial reporting. Accountants on the federal level also work on teams that investigate white-collar crime, audit federal agencies and study the impact of legislation. State and local government accountants also provide guidance on budgets for municipal construction projects, analyze worker's compensation plans, monitor compliance with hazardous waste programs, conduct surveys of accounting systems and create budgets for areas such as education.
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Non-profit Accountant
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Non-profit organizations need accountants to help them maintain their finances from donations and grants so they do not surpass revenues. They also help non-profits adhere to state and federal tax laws, prepare financial documents, conduct audits and devise fund-raising goals. They may also help with employee payroll, audits and the allocation of grant money. Small non-profits may hire accountants on a contract basis while larger organizations may have on-staff accountants.
Independent Certified Public Accountant
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Some accountants may set up shop on their own or join a small group of accountants to provide tax and accounting services to individuals and small businesses. Regulations for CPAs vary by state and accountants may be required to periodically enroll in continuing education classes to keep their state license valid. Independent accountants are in high demand by individuals and small businesses during the tax season in the early part of the year.
Financial Planner
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Accountants who are interested in helping consumers take control of their finances can combine their accounting skills with counseling and become financial planners. Accountants can take exams to become licensed stockbrokers and certified financial planners. They guide their clients in insurance, retirement and estate planning. They also help clients assess their finances and set financial goals. Accountants with stockbroker licenses can also make stock transactions for their clients and manage client portfolios.
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References
- American Institute of Certified Public Accountants: Positions in Public Accounting
- American Institute of Certified Public Accountants: CPAs in Government
- American Institute of Certified Public Accountants: CPAs in Non-Profit
- Certified Financial Planner Board of Standards: Financial Planning Basics
- FINS.com: Hanging Your Own Shingle: Starting a CPA Business
- U.S. Department of Labor, Bureau of Labor Statistics: Occupational Outlook Handbook, 2010-11 Edition: Accountants and Auditors
Resources
- Photo Credit tax forms image by Stephen VanHorn from Fotolia.com
