Figuring Out an Accounting Career
What you can: job security
For fiscal 2007, Microsoft reported an annual income of $ 51.2 billion. Behind any number of company revenue – large or small – they are accountants and financial managers to balance the books. In 2002, the Sarbanes-Oxley added a more detailed examination of the corporate procedures. Between government regulations and thousands of businesses that need to manage the finances, the immediate benefit of a career in accounting is a reasonable amount of job security. In addition, the Bureau of Labor Statistics (BLS) predicts a strong growth of accountants and auditors through 2016.
What you can take to the Bank: Strong Earnings
Another benefit is that an accountant for the average annual salary for accounting, tax preparation, bookkeeping, and payroll services is $ 57,020. Go beyond the financial services industry, which could become a financial manager for a major company and earn in the neighborhood of $ 105,410 a year, according to the BLS. You can also work their way up the corporate ladder to chief financial officer, corporate, or even a chief financial officer (CFO).
What you need Education: Degree in Accounting and Certification
A college degree and certification are essential for progress and a long-term career in accounting. Degree in accounting or finance related topic is a solid start, and obtaining a Certified Public Accountant (CPA) credential helps your job prospects. You can even take a step closer to obtaining specialized certification, such as a Certified Management Accountant (CMA), Certified Internal Auditor (CIA), Accredited Tax Advisor (ATA), or other credentials. The American Institute of Certified Public reports on a survey seeking candidates with a professional certification can earn 10% more than other counters. A graduate degree can also help you out from the crowd.
If keeping track of the Nickels and dimes is his passion, and accounting can be whatever you can for a career.