Introduction
There is a requirement to guide the students choosing the accounting subjects what is the scope of this subject. How can they pursue their career of this subject? Once they are clear about the career options it will help them to opt right path.
Following are two career options for accounting students as future professionals:
Certified Public Accountant
The students who choose a career in the public accounting must focus on auditing and tax functions. A Certified Public Accountant is a qualified and licensed accountant who can undertake the tasks related to auditing of financial statements and certifying various business documents . CPA is highly paid as well as a well-respected job in the most of the countries. A CPA can do the job or open auditing and financial services firms.
Management Accountant
The student who choose management accountants as a profession often starts as a cost accountant, cost accounting managers, chief cost accountants, and managers of internal audit or budget directors. Some management accountants become financial vice president, treasurer, corporation presidents, and chief financial officers .
Financial Manager Position
A candidate who has done bachelor's degree in finance or accounting can take the position as financial managers' position in the organization. The duties of the financial manager to the preparation of financial reports, make decisions related to investment by the company etc. Candidate for financial managers needs the diverse skills. Interpersonal skills or communications skills are very important for financial managers. The financial manager should have excellent communications skills to explain the complex financial data. Creative thinking and problem-solving approach of financial managers contribute to the growth and development of the company. According to Bureau of Labor Statistics (2014), a financial manager earns $56.73 per hour and median earning is $117,990 as in May 2015 . Hence, it is a bright career option for an accounting student.
References
American Institute of CPAs. (2014). Professional Responsibilities. Retrieved from AICPA: American Institute of CPAs: http://www.aicpa.org/InterestAreas/PersonalFinancialPlanning/Resources/PracticeCenter/ProfessionalResponsibilities/Pages/ProfessionalResponsibilities.aspx
Bureau of Labor Statistics. (2015). Financial Managers: Occupational Outlook Handbook. Retrieved from Bureau of Labor Statistics: http://www.bls.gov/ooh/management/financial-managers.htm
Drury, C. (2005). Management Accounting for Business. London: Cengage Learning .
