You may have the opportunity to enter the accounting and auditing professions. According to the Bureau of Labor Statistics’ Occupational outlook Handbook, 2008–09 Edition, the accountants accelerator industry will experience strong job gains from 2006 through 2016. Between 2006 and 2016, the expected growth rate for accounting jobs is 18 percent. This is faster growth than the average across all occupations.
The ten-year forecast predicts that there will be nearly 226,000 new jobs in the accounting industry. Expect strong growth in the accounting and auditing professions due to economic expansion, financial law changes, and stricter corporate governance. Changes to financial reporting standards, mergers, acquisitions, and other events expected to result in greater scrutiny of accounting practices as well as company finances will lead to more career opportunities in the accounting field. In order to make government agencies more accountable, there will be a rise in the demand for accounting jobs. The Handbook says that those with a master’s or higher degree in accounting will be able to pursue a career as auditors and accountants.
What jobs are available for auditors and accountants alike? The roles of auditors or accountants are varied. The roles of accountants and auditors are broad. They prepare, analyze and verify financial information for clients. These clients could be individuals, governments, non-profit organisations, corporations or other entities. The specific job duties of accountants, auditors, and auditors depend on the type and level of the auditing job.
What kinds of careers are available in accounting? There are four main areas in accounting and auditing: public management, government auditing, internal auditing, as well as management accounting.
Public accounting jobs are available: Public accountants provide a broad range of financial consulting services that include auditing, taxation, and accounting. A public accounting career involves providing services, such as giving advice to businesses or individuals to help get certain tax advantages and preparing income tax returns. Auditors external are responsible to audit financial statements of companies to verify that they have been properly prepared. Public accountants are often certified as Certified Public Accountants (CPA) and can work either independently or within public accounting firms.
Management accounting jobs – Management accountants analyze the financial statements of the companies they work for. Management accounting jobs will require you to manage and maintain budgets, analyze financial information, create financial reports, and manage company assets.