An Accounting Major as a Way to go

An Accounting Major as a Way to go

    Many people believe accountants are individuals who are sit in an office or stall tied to a desk all day long computing and filling burdensome book account sheets. Accounting experts do much more than calculate and register business operations and transactions inside four walls. A major in accounting provides chances for the new graduate to choose from a variety of job positions such as bookkeeper, finance and marketer analyst, or human resource specialist. Talented business people should be acquainted with accounting in order to succeed in many entrepreneurial areas. Nowadays, professional accountants broaden their vision in an unlimited horizon of new opportunities. In addition, they have become the mentors, leaders and even owners of their own business. 

    Professional accountants can work at their respective home, work site or while traveling by modern technologies because it provides accommodation of work schedule and space. Moreover, America offers tremendous opportunities for accountants in both local and international markets. Individuals whom graduate with an accounting degree not only can work as bookkeepers but also in many other areas of interests in public and private sectors. An accounting degree, indeed, has considerable opportunities in national and international economy, and provides substantial earnings and profits due to the increasing number of professional accounting fields. 

     Accountants have tremendous chances of getting contracts in any business company. The 2013 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits report, released by the American Institute of Certified Public Accountants (CPAs), revealed that accounting graduates are enjoying an unprecedented level of demand from public accounting firms. The report reveals 40,350 accounting graduates hired in 2012, and eighty nine percent of those firms are forecasting an increasing hire in 2014 (Accounting Edu). 

    

    All companies, no matter their size, require the knowledge and services of accountants – it means no shortage of work. Accounting is the language of business, and knowing it increases the chances of becoming a valuable resource for companies. Not only accountants is necessary for working in the accounting field but also in many other business areas. After graduating with a bachelor’s degree in accounting, an individual can become a public accountant who provides auditing, tax and consulting services to businesses and can either work for a private firm, governmental institution, and even for themselves. 

    The chance of getting a job after graduating with an accounting degree is favorable because of its considerable high demand. The increases in demand for accountants from all industries is mainly driven by the current regulatory environment which requires every company (especially publicly traded companies) to have an efficient and suitable staffed accounting department in place. According to the Bureau of Labor Statistics, plenty of companies across the country are looking for accountants, particularly those in the oil, gas, manufacturing, healthcare and hospitality fields. In addition, small or large business employers appreciate accountants so that their work is indelibly necessary for them.

     Experts in accounting look at promising future on business valuation. Based on an article published by the National Society of Public Accountants, accountants that are interested in expanding their practices beyond those traditional bastions of practice received considerable attention for business valuation in a larger category of the New Finance (Bhattacharya and Braun). Therefore, accountants view business valuation as an alternative source of income. Business owners perceive accountants as individuals who know and understand their business accounting operations, also as independent and objective advisors with keen expertise. Each time small and large companies become more dependable of professional accountant as business advisors. And with the expertise goes the earnings.

Salary expectation for Accountants

    Accountants earn decent salaries in most firms. According to the Bureau of Labor Statistics, in 2012, accountants in Carson City, Nevada made an annual median salary of $56,660, while those ranking in the top ten percent earned $93,410 a year in Las Vegas/Paradise. Another example provided by Robert Half, Inc. provided reliable information about salaries of particular types of Certified Public Accountants (CPAs) in Nevada for 2013 (Accounting Edu). Many accounting branch increased its earning also. For example, controllers made an average of $94,588 working in small firm in Las Vegas while those who worked for large firm earned $150,870 a year on average, and Forensic Accountants earned $80135 annually. Finally, the highest salary average was for Chief Financial Officers (CFOs,) who made a high average of $237,350 (Accounting Edu). Indeed, accountants’ salaries skyrocket due to training and certification on many kind of business, institutions and organizations that provide good and services. 

    Accounting opportunities in a globalized economy

    In a globalized economy, accountants have tremendous chance of increasing their profits. Accountants can be the center of trading businesses, both local and outside of United States. For example, North American Free Trade Agreement (NAFTA) offers great opportunities for professionals of America and other countries in the accounting industry. Therefore, those with expertise in international trade are prone to be in demand due to the increasing globalization of businesses. The worn out 1980’s term “Networking” has practical procedure in a globalized industry that provides accountants new job opportunities and profits. Because of the development of Dotcom era, accountants play a key role in an international market in preparing budgets, bookkeeping and other business operations. If accountants decide to become business owners, the probability of increasing their profits in foreign market are substantially abundant because of their expertise. Indeed, accountants have considerable opportunities in a globalized economy, and undeniably may gain substantial earnings because of efficient business operations. 

    Accountants as a Self Employer

    

    Those accountants who prefer to work as self-employer can get excellent benefits. For example, a profitable accounting business is possible from home with little inversion and minimal overhead costs. Financial accountants can take advantage on the flexibility of their working hours, and have the chance to spend more time with the family. They, also, can manage their business financial operations efficiently, such as expenses and income taxes, while enjoying the benefits of being their own boss. Therefore, accountants are able to do many tasks by themselves. They do not need to trust entirely their livelihood, investments and hard-earned income to someone with comparable expertise. Additionally, accountants take every precaution to maximize their wealth. They make investments, purchases, and business decisions to increase their profits and minimize the income tax of personal or family business because accountants completely understand the tax ramification of all personal and business expenditures. Those accountants who decide to carry out their own business can obtain considerable savings and earnings by taking advantage of their own knowledge. 

   Conclusion

    Individuals who want to consider a career that provides lot of job opportunities, flexibility and a secure income then an accounting degree is the way to go. Now more than ever, certified accountants with proper training are in demand in many sectors that provides goods and services. Also, the future looks promising for accounting experts because accountants becomes mentors and assessor of small and large firms in America and around the globe. American accountants not only have chances to work and increase their profitable income in the country but also in new promising foreign industries because of globalization. In addition, accountants who prefer to get rid of overhead costs and schedule rigidity can undergo in their own business. Accounting major degree guarantee a profitable future for those who have special training or valid certificate in the field of accounting, but foremost a well-respected individual in the world of business. 

 Works Cited 

 AccountingEdu.org.N.p.,2012.Web.24Nov.2014. Accounting Principals Identifies most ‘in-Demand’ Finance and Accounting Jobs in 2011.” PR NewswireJul 26 2011. ProQuest.Web. 2 Dec. 2014. 

AICPA Report Projects Record-Setting Demand for Accounting Graduates." Entertainment Close - Up (2013)ProQuest. Web. 3 Dec. 2014. Bhattacharya, S., & Braun, G. P. (2001). 

Business valuation: An emerging area of practice for accountants. The National Public Accountant, 46(3), 15-16. Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/232342406?accountid=27953 Clolery, P. (1994). 

Accountants reaching across borders. The Practical Accountant, 27(2), 38. Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/208245330?accountid=27953 Works Cited Balwin, J. (2010, Feb 25). 

Perks of being an accountant. University Wire Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/1532348268?accountid=27953 Chu, L. (1998). 

Accountants abroad. CMA, 71(10), 12-15. Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/197796539?accountid=27953 Global opportunities for chartered accountants. (2001, Aug 30). 

The Belfast News Letter Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/324686332?accountid=27953 Hall, L. (2003). Bright job market for accountants. Atlanta Business Chronicle, 26(1) Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/235203591?accountid=27953 Sheinker, C. (1999). 

Factoring: An accountant's perspective. Accounting Today, 13(10), 51-51,55. Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/234440886?accountid=27953 Gurnick, D. (1992). 

The accountant's role in assisting franchisors. The CPA Journal, 62(12), 48. Retrieved from http://ezproxy.library.csn.edu/login?url=http://search.proquest.com/docview/212297242?accountid=27953 

 Note: In the business world, accountants are well respected. People seek for their advice in a wide range of issues. The accountants ensure that businesses activities are accurate. For example, they ensure that business keep accurate financial records, taxes are paid on time and businesses’ transactions run efficiently. They are mostly in charge of department budgets, product cost control, approving a company’s record or filling out an individual’s tax return. They lead meeting because they work direct of companies’ finance. Companies in general may depend on the accountants’ approval or disapproval of the accounting records.