Accountants are responsible for maintaining proper financial records for individuals and businesses alike. They file tax forms and advise clients on tax laws, ensuring that their clients pay the appropriate amount of taxes.
Many accountants work in the private sector and the government while nearly one-fifth work in accounting or payroll services type firms. Appoximately 10% of all accountants are self-employed. So there are opportunities to run your own business if you decide to get into the accounting field. There are also several different accounting specialties to choose from including; tax accounting and forensic accounting.
Accounting Education and Training
Most accountants complete at least a Bachelor's degree in accounting, business, or a related area of study. In addition to the education required, many accountants also choose to become Certified Public Accountants (CPA's). In order to become a CPA, an individual must pass the CPA exam and meet the requirements of their particular state.
Salaries according to the Occupational Employment Statistics (OES) survey program - May 2010
Average Accounting Salary
(Annual in USD)
$61,690
25k
50k
75k
100k
Duties of an Accountant:
The typical accountant job description includes ensuring that their clients have paid their taxes and reported their finances correctly to various government agencies.
They also often offer budget analysis, investment planning, and limited legal services such as incorporation. Clients may include individuals, small businesses, or large corporations.
Accounting Work Environment:
Accountants typically work in an office setting. Those that are self-employed may work out of a home office. They often work a 40-hour work week, although many accountants work overtime during tax season.
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