Figuring Out an Accounting Career

A career in accounting means managing and$57,020. Going further into the financial services
reporting the finances of a business. Accountantsindustry, you could become a financial manager
help ensure that public and private financial recordsfor a major corporation and earn in the
are maintained properly and that company taxesneighborhood of $105,410 a year according to the
are paid correctly and promptly. Budgeting, costBLS. You can also work your way up the
management, and asset management are othercorporate ladder to financial director, corporate
accounting duties. The bigger the company, thecontroller, or even chief financial officer (CFO).
more specialized a role you're likely to hold, whileWhat Education You Need: Accounting Degree and
in smaller companies, you generally have theCertification
opportunity to broaden your accountingA college degree and certification are almost
experience.essential for advancement and a long term career
What You Can Count On: Job Securityin accounting. A bachelor's degree in accounting or
For the 2007 fiscal year, Microsoft reported ana finance related topic is a solid start, and earning
annual revenue of $51.2 billion. Behind anya Certified Public Accountant (CPA) credential
company's revenue numbers--big or small--arefurthers your employability prospects. You can
accountants and financial managers who balanceeven take it a step-further by earning a
the books. In 2002, the Sarbanes-Oxley Actspecialized certification such as a Certified
added further scrutiny to corporate procedures.Management Accountant (CMA), Certified Internal
Between government regulations and theAuditor (CIA), Accredited Tax Advisor (ATA), or
thousands of companies that need to manageother credential. The American Institute of
finances, the immediate benefit of a career inCertified Public Accountants reports on a survey
accounting is a reasonable amount of job security.finding that candidates with a professional
Additionally, the Bureau of Labor Statistics (BLS)certification can earn 10% more than other
predicts strong growth for accountants andaccountants. A graduate degree can also help you
auditors through 2016.stand out from the crowd.
What You Can Take to the Bank: Strong EarningsIf keeping track of the nickels and dimes is your
Another benefit for an accountant is that thepassion, then accounting may be what you can
median annual salary for accounting, taxcount on for a career.
preparation, bookkeeping, and payroll services is