accounting careers
DESCRIPTION
Accounting Careers. Presented by The Nebraska Society of CPAs 2009-2010. Which Career Path to Take. Education. Public Accounting. Governmental & Not-for-Profit. Private Accounting. Where Do I Go From Here ?. Public Accounting Firms. - PowerPoint PPT PresentationTRANSCRIPT
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Accounting CareersPresented by
The Nebraska Society of CPAs2009-2010
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Which Career Path to Take
Public Accounting
Governmental & Not-for-ProfitPrivate
Accounting
Education
Where Do I Go From Here?
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Public Accounting FirmsRegional/National Firms with Offices in Nebraska:
Dana F. Cole & Company, LLP
Local Firms in Nearly Every Community!!
Kennedy & Coe, LLC
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Careers in Public AccountingTraditional
• Auditing & Assurance• Tax• Consulting• Forecasting & Projecting
New Opportunities• Forensic Accounting• Estate Planning• Personal Financial
Planning• International• Information
Technology• Internal Controls
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Climbing the Corporate Ladder
Tax S ta ff1 -3 years
Tax S en io r3 -6 years
Tax M an ag er6 + years
Tax P artn e r1 0 + years
C on su lt in gS ta ff
1 -3 years
C on su lt in g S en io r3 -6 years
M g m t C on su lt in gM an ag er6 + years
M g m t C on su lt in gP artn e r
1 0 + years
A u d it S ta ff1 -3 years
A u d it S en io r3 -6 years
A u d it M an ag er6 + years
A u d it P artn e r1 0 + years
S en ior P artn e r
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Private Industries
Your Local Bank or Your Own Business!!
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Careers in Private Accounting
• Financial Management
• Financial Reporting
• Internal Auditing
• Management Accounting
• Non-financial Positions
• Tax Planning
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PayrollC lerk
AccountsPayable
C lerk
AccountsReceivable
C lerk
AccountingM anager
CostAccountant
Controller
Chief Financial O fficer
InternalAudit S taff
InternalAudit M anager
Chief Executive O fficer
Private Accounting’s Corporate Ladder
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Governmental & Not-for-Profit
Local School System
Local Hospital
University system
FBI
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Governmental & Not-for-Profit Opportunities
• Federal– FBI– IRS– Treasury Dept– General
Accounting Office
• State– Universities– Agencies– Departments
• Local – Hospitals– Public Schools
• Not-for-Profit– Charitable
Organizations– Religious
Affiliations
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Government & Not-for-ProfitCareers
• Performance Auditing• Financial Audits• Compliance Audits• Investigative Audits
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Education
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Education Opportunities
University or College Professor
High School Business Teacher
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Education Careers• Instructor• Researcher• Board Member• Business Consultant• Expert Witness• Author
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Accounting Careers Education Requirements
• Public– Strong College GPA– CPA Recommended– Bachelor of Science in Business
Administration
• Private– Strong College GPA– CPA Optional– Bachelor of Science in Business
Administration or Associates degree from Community College
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CPA Requirements in Nebraska
• Certified Public Accountant (CPA)• Education: 150 hours
– including bachelors degree with accounting emphasis
• Examination• Ethics Exam• Experience: 2 years under a licensed
CPA• Benefit: CPA is a highly-regarded
designation in the business world. It opens the doors to many opportunities for employment.
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Salary Guide• Large Public Firms($250 million+ in sales)1 year $49,000-$59,2501-3 yrs $55,500-$69,250Senior $66,250-$85,500Mngr $82,750-$111,750Director/ $102,000-$159,500 Sr. Mngr
• Medium Private Firms($25-$250 million in sales)
Acctng Clerk $27,250-$36,000Acctng Manager $60,500-$79,500Controller $66,000-$120,500CFO $94,250-$175,750Internal Audit:1 year $41,500-$51, 5001-3 years $48,500-$62,250Senior $61,000-$77,250Manager $73,750-$95,750
(National Averages obtained from Robert Half International 2007 Salary Guide – Request a copy at www.rhii.com)
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Why would I want to go into a career in accounting?
• Variety of work• Continuing Education (CPE, Trade
Publications & Associations)• Work with a variety of people
• Preparation for owning your own business
• Opportunities to travel nation-wide or globally
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Will I be able to find a job with an Accounting degree?• Every business needs an accountant• High demand for accountants• Competitive salaries with long-term
growth potential• Accounting degree gives fundamental
business knowledge applicable to any business position including Marketing, Finance, Management, & Administration
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How do I know if I would like Accounting?
• Are you a team player?• Are you an analytical thinker?• Do you like to explore new
opportunities?
• Do you like challenges?• Do you like to problem solve?• Do you like variety?
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What should I be doing now?
• Improve on Oral & Written Communication Skills
• Work on Research Skills• Apply for an Internship (College Jr/Sr)• Remember that introductory
accounting just gives you the basics –real world accounting is not simply debits & credits
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Scholarships AvailableScholarship money is readily available for college accounting students!!
Example – www.loma-ne.org
Where do I apply?- Check with your college’s financial aid
office and accounting faculty at your college or university
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Where can I get more information?
• Nebraska Society of CPAs www.nescpa.com• Nebraska Board of Public Accountancy
www.nbpa.ne.gov/• CPA Exam website www.cpa-exam.org
• American Institute of CPAs www.aicpa.org• www.StartHereGoPlaces.com
• www.MoneyMeansBusiness.com• www.FeedThePig.org
• Talk with School Counselor or Business Teacher
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Which Path Will You Choose?