An Accountant is a person who accomplishes tasks related to accounting such as auditing or financial statement analysis. An accountant is qualified to compile, review, interpret as well as report financial statements and tax revenues that comply with governmental and supervisory authority requirements.
Accountant fulfils a wide range of work related to accounting, auditing, tax and consulting duties. Clients include corporations, government, and individuals. The job role of an accountant includes a wide range of responsibilities, some of them are as mentioned below
A bachelor degree in Accounting or any related field is the minimum educational consideration for students planning to become a CPA. An advanced degree related to financial reporting, taxes, auditing and non-accounting business areas is required above a bachelor degree as a requirement in some states. Accounting and related areas commonly require a total of 150 credit hours. Each student applying for CPA need to check the specific educational requirements in their jurisdiction. Many CPAs also continue their post-secondary education and earn a master’s degree.
All accountants and CPAs specialize in one or more area of practice virtually. Public accounting and corporate or business accounting are the two general areas of specialization. Environmental accounting, internal auditing, managerial accounting, and taxes are sub-specializations available. The specialty you select coincides with the accounting degree you earned.
The difference between an accountant and certified public accountant is that accountant are individuals hired to work in accounting departments of business but lack some qualifications of a CPA. Accountants can perform certain limited tasks, such as the preparation of financial statements, tax returns.
A certified public accountant needs to meet certain specific requirements which include earning a college degree, passing all parts of the CPA exam, and working for a set number of hours under the supervision of an actively licensed CPA. CPAs perform all tasks of a public accountant; however, it includes additional works such as conduct audits, review statements, and represent clients before the IRS.
Candidates appearing for CPA must pass all four parts of the CPA exam irrespective of the state. The mentioned four parts include Audit and Attestation; Financial Accounting and Reporting; Regulation; and Business Environment and Concepts. The CPA exam is presented during the first two months of every quarter, and typically over the course of several days.
Candidates should try to get an accounting internship or any means to get some experience to make the resume more reliable. A regular check on school’s job listing, networking opportunities, and visit both local and national job search sites play an important role. Also search out sites created especially for new grads, such as collegerecruiter.com.
Receiving a certification in an accounting specialization or a master’s degree in accounting can help boost career climbing, and if you haven’t earned your CPA, it’s something you may want to look at down the road.
Bachelor’s degree is ideal for students planning to become Certified Public Accountants (CPA). Graduates of an accounting degree program will have a detailed and complete knowledge of the business cycle and the accounting principles governing responsible practices.
Students pursuing bachelor’s degree are enlightened in areas such as
Students planning to become a CPAs or aspiring to high-level accounting positions within competitive firms should focus on Master’s in Accounting as it is an ideal program for becoming a CPA. Students from an accounting background can complete this degree in one year. Programs in master’s degree offer students an option to complete an intensive internship program, providing hands-on experience and opportunities to make valuable contacts within the industry.
Students who receive an accounting certificate will learn foundational skills that are vital to their career. Certificates offer students with preparation for specific jobs and acts as stepping stones to college degrees.
Undergraduate Certificate programs provide a choice for students interested in finding entry-level jobs in accounting that do not require a degree. Undergraduate accounting certificates frequently introduce subjects such as financial accounting, managerial accounting, corporate finance and financial reporting and analysis
An associate degree in accounting can be completed in 1-2 years based on the preference of part or full-time education.
An associate degree covers a wide range of relevant fields such as basic accounting principles, fundamentals of taxation, payroll accounting, and personal finance. Other topics relevant to accounting are also included, such as micro/macroeconomics, business law, and accounting technology.
This takes a duration of 4-5 years of full-time study. Students interested to pursue academia or research within accounting can opt Ph.D.