Several career paths are open to you as an Accounting student, including jobs in Public Accounting, Private Accounting and Government and Not-for-Profit Accounting as well as tax and consulting. Specific career opportunities include:
Tax accountants prepare corporate and personal income tax returns and develop tax strategies for mergers and acquisitions, tax deferrals, expensing items and more. A solid grounding in the tax code is required.
Financial accountants prepare and analyze financial statements for managers to make decisions in day-to-day operations, as well as budget forecasting and analysis. Because of its varied nature, this work involves an understanding of both accounting and finance.
Management accountants help make decisions about capital budgeting and analysis, including the analysis of organizational operations.
Audit work involves reviewing accounting records, under generally accepted auditing standards, to ensure that the financial statements are in accordance with generally accepted accounting principles. Auditors gain a keen understanding of the operations of the companies they audit.
Forensic accountants combine accounting, auditing and investigative skills to interpret financial evidence in legal cases. They are often called as expert witnesses in trials for embezzlement, securities fraud, money laundering, bankruptcies and divorce.
Federal, state and local governments employ accountants who create budgets, track costs, analyze publicly funded programs and make sure that revenue is collected and spent according to existing regulations.