The Top 3 Reasons to Work in AccountingAccountants are in higher demand these days. Here are 3 great reasons to help meet it: 1. A Clear Career Path Although no career path is exactly black and white, a career in accounting can be more focused than other careers. You know you need a 4-year degree; that's a given.
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IRS DIY: 4 Reasons to Do Your Own TaxesIf you're like most people, tax time leaves you wrought with frustration and apprehension. The heat is on from the end of the year to April 15th when your tax bill is figured. However, some are finding relief by doing their own taxes. Here are 4 reasons why you should consider following suit.
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Accountants Are Proving to be Especially Important in this Economic DownturnA critical area of employment in any company throughout the U.S. is the accounting function. As an accountant, you are expected to understand all aspects of bookkeeping, which includes complying with state and federal regulations, classifying and coding records according to proper categories such as accounts payable, accounts receivable, maintaining journals, and general ledgers.
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Forensic Accounting DegreeWhat is Forensic Accounting?
Forensic accounting is a specifically defined area of accountancy that concerns the link between accountancy and criminal activity. Typically, you may be involved with investigating accounts and accounting practices to pick up crimes such as embezzlement, fraud, and money laundering. More often than not criminals in general, and organized crime gangs, in particular will be using methods of laundering large volumes of money gained from their criminal practices.
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Popular Accounting SoftwareWhen it comes to money management, we all want to make informed business decisions, reduce errors, and save time. From entry-level products for home use to e-enabled total management systems for large business, various accounting software suites are available to meet every user's needs.
If you're simply interested in paying your bills, balancing your books, and managing your budget, a low-end accounting software suite would be suitable for general business accounting functions. For example, some programs provide a chart of accounts/general ledger, and allow you to generate basic financial reports and customize balance sheets.
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Four Common Types of AccountingA career in accounting is not necessarily predictable. There are different types of accounting, and depending on your skills and your interests, you may find the most career growth in any one of them. You might be a CPA giving tax advice to hundreds of clients, or you might be an internal auditor combing your company's records for mistakes.
The US Department of Labor defines four major types of accounting:
1. Public Accounting
Many public accountants are CPAs (Certified Public Accountants) and work with clients to issue educated tax advice. Other public accountants work with larger companies, advising on business decisions and transactions. Some handle other corporate issues like insurance and benefits. Public accounting encompasses a wide range of accounting roles.
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