By DeVry University
October 19, 2020
5 min read
October 19, 2020
5 min read
Accounting is a diverse, engaging and continuously growing field. In fact, according to the Bureau of Labor Statistics (BLS) an estimated 1.39 million workers are employed in accounting and auditing. Additionally, projections indicate that the field will grow on a national level by 135,000 jobs each year between 2020 and 20301. Let’s take a look at this exciting industry as we dive into some of the accounting careers you can pursue in today’s business world.
Preparing financial reports
Auditing companies and individuals
Reviewing financial operations of a business
Providing advice on how to reduce costs, improve business revenue and increase profits
Researching new accounting practices to implement into a business
Advising managers on which financial projects should be canceled or pursued
Preparing and filing tax documents
This leadership position oversees other accounting areas with general responsibility for cost control, profit and loss, audit, financial reporting and related tasks. In some cases, individuals in a controller position can potentially progress to a CFO (Chief Financial Officer) position.
Director of Corporate Strategy:
Strategy and planning play a critical role in the fiscal health and success of any organization. Individuals along this career path are experts in research and analysis, with the ability to forecast trends and advise the executive team. Some corporate strategy professionals work for third-party firms and serve as outside consultants to one or more clients.
The budget director has responsibility for overseeing the budgets of various departments and functions, while also providing annual and periodic budget and cost containment plans for the enterprise at large. This is a good career option for people interested in financial forecasting and situational analysis, who also have the people skills to lead a team of budget analysts.
Accounting managers advise on budgets and forecasts, manage day-to-day accounting responsibility with oversight for smaller accounting teams and analyze a company’s balance sheets.
The treasurer is responsible for the management of cash within an organization, as well as overseeing any financial risks that may exist.
As a financial analyst, you might advise an organization on investment opportunities based on analysis of financial data, economic trends, valuation and other variables. Some financial analysts work for investment firms and advise individual or institutional investors on strategies to achieve the best returns.
Credit analysts are typically employed by banks, credit card companies, mortgage lenders and investment firms. The primary function of the job is to analyze the credit worthiness of individuals or entities seeking to borrow funds in line with certain repayment terms.
The role of budget analyst centers on reviewing budget proposals, conducting cost-benefit analyses and recommending appropriate funding levels. They will also prepare periodic and annual reports and present their finding to leadership.
Auditors may work for a company to conduct internal audits or be employed by a third-party provider that conducts audits for outside companies. One of the key roles of the auditor is to examine a company’s financial statements and records to ensure they are fairly presented and truly represent the financial position of the company. There is an opportunity to specialize your auditing career by discipline (tax, risk, fraud, etc.) or by industry such as public accounting, government auditing or not-for-profit organizations.
As a financial clerk, you can use your essential skills to embark on an administrative career in bookkeeping, accounting or auditing. You will need to be comfortable with technology, as new innovations in automation streamline tasks and minimize manual labor. Financial clerks can be found at organizations of all sizes and in virtually every industry sector.
Junior Staff Accountant:
As a junior staff accountant, you can expect to help your organization maintain financial records, analyze balance sheets and post journal entries. You may also be tasked with preparing special reports and reconciling bank accounts.
Learn more about our accounting degree programs.
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In New York, DeVry University operates as DeVry College of New York. DeVry University is accredited by The Higher Learning Commission (HLC), www.hlcommission.org. The University’s Keller Graduate School of Management is included in this accreditation. DeVry is certified to operate by the State Council of Higher Education for Virginia. Arlington Campus: 1400 Crystal Dr., Ste. 120, Arlington, VA 22202. DeVry University is authorized for operation as a postsecondary educational institution by the Tennessee Higher Education Commission, www.tn.gov/thec. Naperville Campus: 1200 E. Diehl Rd., Naperville, IL 60563. Unresolved complaints may be reported to the Illinois Board of Higher Education through the online compliant system http://complaints.ibhe.org/. View DeVry University’s complaint process https://www.devry.edu/compliance/student-complaint-procedure.html Program availability varies by location. In site-based programs, students will be required to take a substantial amount of coursework online to complete their program.
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