Do you know accounting and types of accounting is ranking at no. 7 on US news? And it is recorded that accounting is one of the World’s Best Business jobs. Almost 1.3 million work as an accountant in the US. If you are looking to make your career in it, it is the best decision. Well, Accounting is the process of recording the financial transactions of a particular business.
However, if you want to know about different types of accounting jobs, you are in the right place, and as well as you can get help with accounting assignment. In this blog, we will learn the different types of accounting jobs that are well-paid. But first, let’s discuss what skills are required to be an accountant.
Required Skills Of An Accountant
Following are few skills that are required for an accountant.
- Critical and Analytical Skills
- Business knowledge and proficiency
- Budget and Finance’s Management
- Communication in Oral and Written
- Time management and Organization
- Collaboration with others
Now let’s start discussing various types of accounting jobs.
Types of Accounting Jobs
Certified Public Accountant
Certified Public Accountants (CPAs) are higher-level accountants. The role of CPAs is that of a trusted advisor, helping their clients plan and reach their financial goals while helping in another financial matter. This could involve audits and reviews, forensic accounting, consulting, and litigation services.
To become a CPA, you must initially obtain a Bachelor’s degree from an approved Accounting program and get certification by passing the Uniform CPA Examination—a precise series of evaluations used to measure your skills in four key accounting focus areas.
These accountants are the investigators of the accounting world. Forensic Accountants analyze financial records to assure they are adaptable to standards and laws.
People with this accounting job title have at least a Bachelor’s degree. After graduating, further certification will likely be required. Most forensic accountants get a CPA credential as well.
These accountant helps to provide professional advice about financial probability and decisions. They create financial reports and documents and are involved in financial reporting, auditing, taxation, and corporate finance.
From commercial businesses to nonprofits, many organizations are required to conduct an annual audit to ensure records are accurate. Auditors are generally brought in from outside of an organization to analyze numbers without any prejudged bias.
The work of these accounting professionals includes:
- Examining financial statements.
- Inspecting account books and accounting systems.
- Organizing and maintaining fiscal records.
- Estimating financial operations to provide recommendations for development.
Bank Branch Manager
A branch manager is responsible for all of the functions of a branch office, like hiring employees, approving loans and lines of credit, and marketing the branch. They build a rapport with the community to attract business and assist customers with account problems.
Staff accountants work under a controller, director, or certified public accountant (CPA) supervision. They maintain financial reports, records, and general ledgers. They also prepare and analyze budgets in addition to general bookkeeping.
Some common duties of management accountants include planning and budgeting, external financial reporting, risk management, profitability analysis, etc.
The first and foremost step toward this accounting job title is to get a Bachelor’s degree in accounting. Management accountants may also select to explore certification like the Certified Management Accountant (CMA) credential.
Cost accountants help businesses to enhance their processes to save money. They are responsible for analyzing every expense linked with a company’s supply chain to handle a profitability analysis and budget preparation.
Cost accountants must have a Bachelor’s degree in accounting or finance and have strong math and statistics skills.
Government comes in many forms. In addition to the federal government, there are states, countries, cities, and several entities of the district government. What’s one thing they all have in general? They need accountants to keep track of money.
They also assist government companies in planning out their exercises for a fiscal year.
Government accountant jobs demand at least a Bachelor’s degree in accounting. Several government accountants also hold a Master’s degree in accounting, finance, taxation, or business administration.
Bookkeepers maintain whole sets of books, keep reports of accounts, test the methods used for recording financial transactions, and give personal bookkeeping services.
To conclude, we have discussed various types of accounting jobs. These all jobs are well-paid. There are different other jobs too that I didn’t mention in this blog, but accounting is a vast field where you can make your bright career. Now, you decide to choose the field according to the job you want to do.