Accounting Introduction Part 3

Accounting Career Opportunities

     1.     Public Accounting

Public accounting is an area of accounting in which the accountant offer expert service to the general public. A major portion of public accounting involves auditing. Auditing is the examination of financial statements by a certified accountant in order to express an opinion as to the fairness of presentation. Taxation is another major area of public accounting. It involes tax advice, tax planning, preparing tax returns and representing clients before govermental agencies. A third area in public accounting is management consulting. It is an area of public accounting ranging from development of accounting and computer systems to support services for marketing projects, merger and acquisition activities.

     2.     Private Accounting

      Private or managerial accounting is an area of accounting within a company that involves such

      activities as :

-          Cost accounting

-          Budgeting

-          Design and support of accounting information systems

-          Tax planning and preparation

      3.     Opportunities in Goverment

 Another option is to pursue one of accounting opportunities in govermental agencies. For the  example, IRS ( Internal Revenue Service ), FBI ( Federal Bureau of Investigation.

      4.     Forensic Accounting
   Forensic Accounting is an area of accounting that uses accounting, auditing and investigate skills to conduct investigation into theft and fraud. Forensic accountants often have FBI, IRS or similar goverment experience.