What do accountants do?
Accountants offer a wide array of business and accounting services including public, management, and government accounting, as well as internal auditing. In each of these major fields, accountants and auditors prepare, analyze, and verify financial documents in order to provide information to clients.
Public Accountants: Public accountants perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals.
Consultants: Consultants offer advice in areas such as compensation or employee health care benefits; the design of accounting and data processing systems; and the selection of controls to safeguard assets.
Forensic Accountants: Forensic accountants investigate and interpret bankruptcies and other complex financial transactions.
Management Accountants: Management accountants record and analyze a corporation\'\'\'\'s financial information in addition to budgeting, performance eval2uation, cost management, and asset management.
Public Sector Accountants: Government accountants and auditors maintain and examine the records of government agencies and audit private businesses and individuals whose activities are subject to government regulations or taxation.
What degree options are available in accounting?
Undergraduates can earn a bachelor’s degree in accounting or take accounting classes as part of a business degree. MBA students can choose concentrations in accounting, and some schools offer master1s degree in accountancy (MAcc).
What\'s the difference between a master\'s in accounting and an MBA with an accounting concentration?
While both an MBA with a focus on accounting and a Master of Accounting (MAcc) degree will prepare you to assume managerial positions within the field of accounting, the MBA degree will provide you with more general skills that are transferable to other areas. The MAcc will provide you with greater accounting expertise and will prepare candidates for the Certified Public Accountant (CPA) exam, but fewer transferable skills. Some MBA programs provide candidates with sufficient credit hours required to sit for the CPA exam. The MBA degree\'\'\'\'s broad curriculum also helps accountants with client management and other strategic issues in performing their jobs, especially in management advisory services.
What will I study?
The MAcc curriculum generally includes preparation for the CPA exam, and the Certified Management Accountant (CMA) examination, in addition to courses in financial and managerial accounting, research, business valuation, cost management, information systems, auditing, policy, taxation, and consulting services. MBA curriculum with an accounting concentration emphasizes general management and business coursework as well as in dep[FS:PAGE]th accounting applications and concepts.
What skills are necessary to work in the field of accounting?
Certification and licensure in accounting and auditing are standard requirements for employment in this field. Successful accountants and auditors are generally detail-oriented, highly motivated researchers, and knowledgeable about U.S. and international tax laws, economics and money markets. In addition to self-confidence, maturity, and the ability to work indep
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