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Career Field Analysis Paper

646 Words3 Pages

Brian Agala
BA3350 (T/Th 11:30)
9/30/2014
Career Field Analysis: Accounting Accountants are some of the most important people in any business. Every business (service or merchandising) needs to keep financial records to measure how well the company is doing, gain trust from investors, and demonstrate that the company is able to stay in business for its intended purpose. To grasp an in depth understanding of the accounting field, I will explore the tasks accountants perform, how to become an account, the typical salary information, and the job outlook for accountants. To become an account, you have to acquire at least a bachelor’s degree in accounting or a similar field. Some people are promoted from bookkeeping jobs once they meet the educational …show more content…

They also “assess financial operations” and help to make sure that an organization is running efficiently (Bureau of Labor Statistics). Not only do they have to make the financial records, they have to explain the records that they create. CPAs perform various accounting tasks such as “auditing, tax, and consulting tasks” (Bureau of Labor Statistics). Some people may think that accountants have a huge responsibility in the business world. This brings up the topic of …show more content…

According the Bureau of Labor Statistics, accountants in the finance and insurance industry can start off making about $66,000 a year. Accountants in payroll, bookkeeping, and tax preparation can make around 64,000. These salaries are just the median salaries of the U.S economy and, so some people make more or less. As mentioned earlier, if you obtain a CPA license, your salary will increase substantially. According to NASBA, the salaries of CPAs range from $81,000 to $110,000 a year. Not only do accountants make a really good living, the demand and outlook for accountants continue to increase every year. The need for accountants have increased due to financial crises, harsher laws regarding finance, “the increasing complexity of corporate transactions, the introduction of Sarbanes-Oxley requirements after the Enron scandal, and growth in government” (careers-in-accounting) (Bureau of Labor Statistics). Accountants are definitely in high demand in healthcare and tax professions (careers-in-accounting). Accountants are one of those groups of people who will always be needed whether the economy no matter how the economy is

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