Certified public accounting

Certified Public Accountant (CPA)

posted in: Business

Do you create detailed budgets and stick to them? If you answered yes, you may want to look into accounting because you would make a great certified public accountant (CPA).

Certified public accountants track the spending and earnings of organizations. They create reports, analyze budgets, and make sure companies adhere to generally accepted accounting principals. While fulfilling the general duties of an accountant, they report to a general, bureaucratic or legislative audience.

Certified public accountants keep records, and create reports for, management, the public, and the government. The information in these reports is vital to managers as they make decisions and decide on business strategies. The public needs reports prepared by accountants so they can make wise investment decisions and make the investments that many corporations depend on. Governments need these reports so they know how much a business must pay in taxes.

What Certified Public Accountants Do

Depending on their area of expertise, accountants’ responsibilities and job descriptions can change. There are 4 different types of accountants: public accountants, management accountants, internal auditors, and government accountants and auditors.

  • Public accountants usually work doing auditing, consulting or taxes.
  • Management accountants work to keep track of how much a business spends and how much they make so that management can make wise decisions.
  • Internal auditors have the vital job of making sure businesses’ accounting systems are efficient and that there are no cases of fraud or illegal practices.
  • Government accountants and auditors analyze government accounting records and investigate the records of businesses that do business with the government.

Certified Public Accountant Job Titles

Accountants can work under the title of chief financial officer (CFO), finance manager, or even chief executive officer (CEO). Some certified public accountants also work as consultants and assist individuals and businesses with tax preparation. Depending on where they work, and their area of expertise, certified public accountants can make anywhere between $40,000 and $140,000 a year.