Tag Archives: Tips

A Career in Accounting: Tips on How You Can be Successful

In any type of businesses, an accountant is needed. You have to consider that accounting is basically the language in business and having enough knowledge about accountancy is essential for businessmen and women to know how their business is doing. This is why accounting professionals are very much in demand today. And, a lot of certified accountants have become quite successful in their field and some have even started their own business.

The great thing about this career is that it will enable you to interact with all levels of business and you will also learn a lot from it.

So, just what does it take to become an accountant and follow this career?

First of all, you need to know about the eligibility in becoming an accountant.

You need to be a graduate in a 4 year bachelor’s degree in accountancy or any related field. Aside from this, an accountant should be able to have good analytical and technical expertise in business systems. Good mathematical aptitude is also a must-have for accountants. And, because computers are now one of the most used medium in computing, you should also have knowledge and the operating skills of a computer.

Another requirement is that you will need a bachelor’s degree with a minor in another subject. This should be taken from an accredited college or university in order for you to apply for Master’s in accounting.

You can also pursue this career if you had your course in accounting over distance learning programs or through the internet.

Also, you will need an accreditation or license of certain organization, such as being a CPA should have a license by the STA or the State Board of Accountancy.

Most companies also require that you should complete a number of semester hours as well as work hours, which are considered for a 4-year bachelor’s degree. If you become a public accountant, you will be taken as a trainee. You will usually start your career as a junior internal auditor or as cost accountant.

It is recommended that you should have a master’s degree in business administration or an MBA because it is preferred by more companies who are looking for accountants as part of their employees

The great thing about pursuing accountancy as a career is that it presents a lot of career opportunities. For example, you can get a job as auditors or accountants in government offices or in private companies even if you do not have any license.

During the course of your career, you can even get promoted to a position, such as the chief financial officer position which presents a lot more great opportunities for your career.

You can also work in the legal office. You can work as an auditor, a financial officer, a budget analyst, a management accountant, and even as a tax accountant. Most companies that are looking for tax accountants will prefer accountants with legal background.

Forensic accounting is another promising career for accountants. Here, you will investigate crimes, such as fraud in company’s finances.

If you have a knack for teaching, you can teach a subject related to accountancy in college. This is a great career option and many accountants feel that this job is really fulfilling.

Just remember that in this profession, you have to start slow. If you are just beginning a career as an accountant, try to start as a trainee and work your way up to the career path that you want to take.

Accounting or accountancy career is a very promising career that presents a lot of great opportunities. You can be sure that you will find the right career that you want if you take this type of career.

More Information About Career , Search at Career

Five Accounting Tips for your Small Business

Tip #1: Keep it Separated

Too many business owners mix and mingle their personal and professional finances. Even if you are a sole proprietor keep you business business, and your personal personal. Set up separate checking accounts and if you need some funds from your small business, write yourself a check, or make a cash withdrawal. This will help come tax time when you need to separate business expenses. Even though the form of business is a path-through, you should still make sure a separation takes place. This will make expense tracking and budgeting much easier on you.

Tip #2: Keep Up to Date

Falling behind on your bookkeeping will only make matters worse. Set a specific time aside to deal primarily with recordkeeping. This will make tax time easier and quicker for you or your accountant. If you simply do not have the time necessary to complete the task, then look at outsourcing the work, or bringing in a part-time bookkeeper. This necessary function of business is so crucial to the success of the business that if cannot be put off and forgotten.

Tip #3: Use Your Numbers

Your financials can tell you a lot about your business, you just have to know what to look for. Check with your financial guru (CPA, bookkeeper, financial analyst, and/or consultant) at least quarterly and have them give you a thorough breakdown of your financial position. These individuals should be able to give you a written and oral report on how your business is functioning. Which areas are weak, and which are strong. Along with that they should also provide advice and an action plan on how you can go about strengthening your financial position.

Tip #4: Know When to Recognize

Recognizing revenue and expenses can make a difference in how your business performs month-to-month and how your taxes are calculated. If you use the accrual basis accounting system your year and month end numbers will be quite different then the cash basis accounting. Be sure you know what accounting method you are using, and how to recognize revenues and expenses correctly.

Tip #5: Check, Check, and Double Check

If you do not use an automated accounting software program (QuickBooks, Peachtree, Great Plains, etc) then there is a chance you will not balanced at the end of every period. By using a Trial Balance you can catch mistakes early and often, this saves from year-end headaches and added expense from your CPA while he/she finds the problem associated with your calculation error. Even if you use accounting software you can still enter erroneous information, be sure to reconcile your bank account against the program every month, this will allow you to catch errors that may have happened when filling out checks, invoices, or journals entries.

Jayson Cardwell is the CEO and Founder of Cardwell Financial Group, Inc. Cardwell Financial Group is a consultancy and accounting services firm for small to mid-sized business. They specialize in Financial Management/Analysis, Strategic Planning, Business Analysis, Executive Development, Not-for-Profit Development, and outsourced Accounting Services. For more information visit Cardwell Financial Group, Inc. at www.CardwellFinancial.com

Online Education Tips – Getting Your Forensic Accounting Degree Online

Forensic accounting is the fastest growing area of accounting today. It is a special type of career that involves the use of accounting, auditing and investigative skills to assist in legal matters. If you are looking for a career that is both exciting and financially rewarding, consider becoming a forensic accountant, but you need to own a required degree and license to start with. With the available of online education and the increasing market demands for forensic accounting careers, more and more universities are offering forensic accounting degree online.

The standard education requirement to start a career as forensic accountant is a bachelor business degree in accounting or finance, and you need to have a CPA (Certified Public Account) license. In additional to the requirements, you will also need to own a forensic accounting certification such as the Forensic Examiner Diplomat or the Certified Fraud Examiner (CFE) designation. Hence, if you are interested to enter this career field, then be prepared to equip yourself with the required degree, certification & license.

Many online forensic accounting degree programs offered by accredited universities have integrated CPA and CPE credits. The degree program can prepares you with the education requirement to become a forensic accountant. The key advantages of taking the forensic accounting degree online are Flexibility and Convenient. You do not need to commute to and from the school, save your money in term of transportation cost and your valuable time. In additional, you can enroll into the forensic accounting degree program offered by your preference university without the need to consider geography factor; this means you even can pursue a degree offered by university abroad as long as they open their courses to international students.

Although there are many similar online forensic accounting degrees offered by various online universities, a few things you must confirm before you sign up with your selected degree program are:

* Your selected online degree program must be offered by a properly accredited university which the accrediting agency must be recognized by the Department of Education.

* If you intend to use the degree to enter into forensic accounting career, you must ensure that the forensic accounting degree program contains the courses that meet your goal.

* If the degree program requires you to attend certain hours of face-to-face classes or practical works, you need to find out the closest facility within your convenient distance that provides by the university.

* If you need a financial aid, then you may want to review the financial aid packages offered by the university.

In additional to the above, you must request the details information about the forensic accounting program from your short listed universities for carefully review, and talk to the admission officer to get all your questions answered before you finalized the degree program to enroll with. Most information requests and enquiries are all free of charge; you should utilize this benefit to get as detail information as possible about the degree program before you make your ultimate decision to enroll into the selected one.

Summary

Forensic accounting is a career that requires the knowledge of accounting, auditing and investigative skills. Forensic accounting degree program can prepares you to meet the requirements. The degree is offered as online degree program by many accredited universities which you can enroll and earn the degree from your comfort home.

Amelia Turner, an educational article writer for http://www.your-online-degree.info You can find more details information and free resources about online forensic accounting degree and learn from guides to success in online study, financial aids and other accredited online education programs that can help you to make decision to earn your degree online.

Powered by Yahoo! Answers