“If you have a head for numbers, this is the profession for you”
Accountants are the most sought after business professionals in corporate arena. Because they are one who ensure the proper financial transactions and manage the financial resources. Oftentimes, accounting and auditing are used interchangeably.
Accounting career will be best suited for the individuals who have a strong inclination towards mathematics. Since accounting work is all about some numerical calculations, the applicant should have an in-depth knowledge in different mathematical operations. As an accountant, you have to examine different financial statements, compute taxes, organize financial records etc. All the works are carried out in compliance with different government regulations.
Now, you may be clear about accountants and auditors, so the next option is payroll administrator. It can be considered as a sub-section in accounting. As the name indicates, they have to finance and process the payroll information of the employees. It would be based on the working hours, tax rates and other additional factors.
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OVERVIEW : Accounting and Auditing is the most profitable job roles in business sector. The job roles and responsibilities are different for accountants and auditors. Accountants have to maintain all the financial records. The auditors review the accuracy of financial statements and records that the accountants prepare.
JOB DESCRIPTION : The main job responsibility of accountants and auditors is to complete and submit tax forms and returns, workers’ compensation forms, pension contribution forms, and other government documents. They maintain the inventory records. They compute deductions for income and social security taxes.
DEGREES OFFERED : Associate’s Degrees Bachelor’s Degrees
Master’s Degrees Certificate Doctorate Programs PhD Programs
EXPECTED JOB GROWTH : According to the U.S. Bureau of Labor Statistics the employment opportunities of accountants and auditors is expected to increase by 16 percent from 2010 to 2020.
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Overview: Accounting/Payroll administrator job is one of the excellent career in business world with great skills and proficiencies in financial management and accounting. They mainly focus on the money management of the business world.
Job Description : Accounting and payroll administrator have to finance and process all the payroll information of the employees. They calculate labor wages according to their rate of work and maintain ledger accounts. They also process tax rates according to the rules and regulations of the government.
Job Outlook : It is one of the most profitable career options in the business industry. The salary ranges of the accountant professionals are getting higher with their experience in the field. The job prospects are good for the entry-level professionals with sound knowledge in the computerized systems and new trends in the accounting.
Expected Job Geowth : U.S. Bureau of Labor Statistics states that employment opportunities for payroll and time keeping clerks will decline by five percent during 2008 to 2018.
Since the economic situation of business world is facing dynamic changes, each and every organization is keen in managing their financial resources. Accounting is considered as the lucrative job roles in business sector. Accountants have to maintain all the financial records and review its accuracy.
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Accountants are an important set of people in business world and they are the ones who control the financial existence, playing a vital role in the success of the organization. There are so many accountancy training programs available for the individuals who want to enter into this lucrative career. Apart from the full fledged courses, there are Diploma courses, short term courses, distance learning courses and many other corporate courses found in this stream.
The training provided will help the individuals to get a quick start entry in business, financial and banking career. The training programs in accountancy vary on the basis of their duration and field on which they focus. There are some essential management skills that individuals learn from the training programs such as financial management and technical management.
Essential skills needed in accounting consists of following:
Analytic skills: To gather and analyze the information logically with clear understanding and the ability to solve the complex problems in an accurate way.
Communication skills: To exchange information in the right and proper way among the colleagues or other individuals in your working environment.
Computer skills: As the technology rules the world it is essential to be skilled in using computers since most of the accounting transactions works through the software programs.
Leadership skills: The ability to motivate and influence the people to accomplish goals and objectives and building better
relationships among the workforce to work as a team.
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