Planning A Career In Accounting? 5 Paths You Can Choose
If you're in high school, this is the perfect time to start planning for your future. You'll need a career that will provide you with sound financial security. If you've been thinking about accounting, you might be surprised to find out just how many career options are available to you. Here are four careers choices that involve accounting.
Every business requires an annual budget. In fact, it's the budget that keeps a business operating properly. With a degree in accounting, you can become a budget analyst. The analyst coordinates the information that will be used to create the final budget. If there are problems in the plans – such as too many expenditures or a lack of balance – you'll make the necessary changes before signing off on the final budget.
No matter how much money a business makes, the IRS is going to want their share of the income. That's where the tax accountant comes in. If you're a tax accountant, you'll ensure that companies pay the required taxes and that all of the available tax credits are utilized. Because tax laws are constantly changing, the tax accountant must continually study to remain up-to-date on current laws.
Like the name implies, the controller controls all aspects of the accounting division within a company. You'll be responsible for all the business transactions that go through the accounting department. You'll also be responsible for creating annual financial reports and statements pertaining to the companies you work for.
When you apply for credit, your application is submitted to the credit department. Before final approval is granted, your application is looked at by the credit manager. The credit manager then looks at the information – including income and employment – before reaching a final decision. If you use your experience in accounting to become a credit manager, you'll be responsible for overseeing the credit application process.
The payroll accountant is responsible for ensuring that employees receive the proper pay. If you choose this career path, you'll be recording the income and deductions of each employee that works for your company. You'll also be responsible for ensuring that the proper taxes are withdrawn from each paycheck.
There are many careers you can choose from once you decide to study accounting. The information provided above will help you choose the accounting career that's right for you. For more information, you may want to check out accounting job boards for your area.