You can find these professionals working in self-employment, for the government, and in businesses ranging from large public accounting firms to sports arenas and everywhere in between. No matter whether they work in a home office or on the global playing field, accountants blend analytical and communication skills to: Contrary to the old bean counter stereotype, successful accountants tend to be equally good with numbers and with people.
After all, they're the professionals who translate complex financial information into clear business insights for their colleagues.
Internal auditors typically report to executive-level management and the Board of Directors to keep them apprised of the reliability of financial reporting, data accuracy, regulatory compliance, and the security of company assets.
Their work is aimed at maintaining a competitive and dynamic business environment, so auditors, unlike management accountants, don’t have responsibilities involving the day-to-day management of financial matters related to business operations.
Today’s professional accountants practice critical thinking, make presentations, apply research to practice, and understand the many facets of business management.
Accountants are hired to manage the financial services of large multinational firms in industries like banking, finance and business consultation, insurance, real estate, energy and healthcare.During an audit, every department within an organization could be examined, including off-site or contracted operations or computing facilities.The auditor is expected to provide an objective opinion regarding existing controls and data, as well as recommendations that could improve efficiency or integrity.Accountants that specialize in government accounting either work in government offices as federal, state, and municipal employees, or in the public sector as liaisons to government agencies where they serve corporate employers whose business activities are regulated by the government.Accountants work in almost every government office; examples include the Internal Revenue Service, the Securities and Exchange Commission, the General Accounting Office, Department of Agriculture, Federal Bureau of Investigation, as well as state and municipal offices.The work can involve complicated accounting issues that merge government accounting with other systems.Accountants working in government have a unique knowledge of government contract regulations and the complexities of long-term debt services.Do you have the skills for the accounting profession?Here are the go-to talents for which accountants are known: Accounting Skills Although some people find employment in entry-level accounting positions (such as bookkeeper or clerk) without earning a diploma, most accounting professionals hold at least a four-year bachelor's degree.The key to success in accounting and finance is a solid knowledge base gained through a well-planned education.Historically, the study of mathematics and accounting practices had always met the basic requirements for earning accounting degrees, but the technical nature of today's accounting information systems also requires some understanding of computer science and information technology.