Reasons to Pursue a Career in Accounting

If you’re good with numbers and interested in a well-paying, stable career path, it may be time to turn your attention to accounting. In fact, according to the Office of Occupational Statistics and Employment Projections, the employment of accountants is projected to grow by four percent by 2029. 

 

If that’s not reason enough to strongly consider this career, here’s another statistic from the Office of Occupational Statistics and Employment Projections: The median annual wage for accountants, as of May 2019, is $71,550. This is much higher than the median annual wage for all occupations, which sits at $53,490. And although the pay is certainly an influencing factor for most when choosing an accounting career path, it isn’t the only reason why it’s become so popular.

Accounting Career Paths

Unlike some career fields, in which there’s only one path to travel, there’s more than what meets the eye when it comes to accounting. Generally speaking, you’ll choose one of the following routes:

 

  • Managerial: Managerial accountants generate documents that are used internally within a company. This can include documents such as those used for tax purposes and recurring expenses. 
  • Financial: Financial accountants generate documents, such as balance sheets and a variety of income statements, which are used by outside parties, such as investors. 

 

By understanding the similarities and differences between managerial and financial accounting, it’s easier to decide which path you’re most passionate about.

 

With that in mind, let’s examine some of the most common types of accountants:

 

  • Staff Accountant: For many individuals with a bachelor’s degree in accounting, this is the first job they seek. Reporting to a CPA, you’ll take on responsibilities such as creating financial reports and analyzing a variety of data. You’ll also use a variety of tools, such as a cash flow calculator, to track progress and make informed decisions. 
  • Certified Public Accountant (CPA): From the outside looking in, it’s easy to believe that CPAs focus on nothing more than the preparation of state and federal tax returns. However, this career path goes much deeper than that. For example, companies often hire a CPA to oversee other accountants. 
  • Investment Accountant: Investment accountants typically work for financial management or investment management firm. With this career, you have the opportunity to help individuals and companies make better investments, such as sharing advice on how specific decisions will affect their taxes. 
  • Project Accountant: As the name implies, project accountants are hired to manage a specific project. Some of the tasks they may take on include preparing invoices, maintaining budgets, and managing and approving expenses. In many cases, project accountants are hired on a contract basis. 
  • Cost Accountant: The primary responsibility of a cost accountant is to maintain cost efficiency on behalf of an organization. However, unlike a project accountant, these individuals are generally hired on a full-time basis. 
  • Management Accountant: There’s no shortage of management accountant responsibilities, which often include external financial reporting, budgeting, and creating reports on the overall financial health of an organization. 

While these are among the most common accounting career paths, there are others to consider as you gain experience and come to better understand what you’re most passionate about. However, no matter the type of accounting path you may choose, there are plenty of benefits as well.

Top Reasons to Become an Accountant

There’s no shortage of reasons to become an accountant, but there’s something you must remember: It takes a lot of hard work and dedication to reach your goal, so you must be 100 percent confident that it’s the right career path for you.

 

Here are five reasons to consider this career:

 

  • Above-average pay: As noted above, the median annual wage for accountants is more than $71,000/year. 
  • Job security: Every organization needs accountants, so job security is typically high. 
  • Career advancement opportunities: As you gain experience and knowledge, you can seek out career advancement opportunities within your company and at other employers. For example, after several years of working as a staff accountant, you may want to consider becoming a CPA.
  • The opportunity to be your own boss: There may come a point when you realize that you no longer want to work for someone else. As an accountant, you can start your firm, such as helping individuals and/or companies with tax preparation.
  • Puzzle-solving fun: Accounting isn’t everyone’s idea of fun, but if you like working with numbers it could be the perfect career path.

What’s Next?

Now that you better understand the reasons to pursue a career in accounting, it’s time to answer one very important question: Are you ready to head down this path?

 

If the answer is yes, assess your situation and decide what you need to do next. Become a trained and certified Professional Bookkeeper. Once you have the right education and training, it’s time to land your first job. With the help of our job placement assistance program, it won’t be long before you have a career that puts a smile on your face, money in your pocket, and joy in your heart.

From Ministering to Serving as an Accountant

For Clay Glassford life has purpose and meaning, who knew the adventure he would take when he decided to become an accountant. With a decision, hours of committed study he found the confidence to start his accounting business and has not looked back sense then.

Listen in as Roger and Clay discuss this journey and the impact it’s had on his life in a positive way.

Clay shares some tips and advice that applies to everyone starting and building a successful accounting & bookkeeping business.

Learn the turnkey process to having the premier accounting firm

Become a Professional Bookkeeper

Become a Profit First Professional

How to Write a Great Accounting Resume

How to Write a Great Accounting Resume

Crafting a resume, no matter what you field of expertise, can be a challenging task. Yet in a market as competitive as accounting, the need to create something unique and impactful is that much greater. Fortunately, these tips can help in the process.

Start with a clear career summary

An effective resume begins with a bite size summary of your career to date, as well as focuses on your main achievements and relevant educational qualifications. As part of this, you must emphasize your strengths (more of which in a moment) and state clearly what it is that you are looking for as well as the benefits you will bring. Make it short and to the point, because most hiring managers receive hundreds of resumes and don’t have the time to review each one in details. This is one shot to get your resume (and you) the attention deserving.

Emphasize your strengths

Recognizing your individual strengths and promoting this is a fundamental aspect of any resume, but in a competitive field such as accounting, it is essential that your resume immediately presents and highlights your achievements and career-defining abilities. At the same time, turn weaknesses into strengths by presenting your aptitude for learning and the deep desire to improve yourself on every step of your career journey.

Be clear and concise

Don’t overcrowd your resume (one page is usually sufficient) and don’t waffle. Make your points cleanly, clearly and concisely, and ensure the language you use is both relevant, accurate, and free from cliché.

“Much can be ascertained from the language that you use, and I always recommend writing in a unique voice as far as possible. That means avoiding those resume clichés such as ‘I love working as part of a team’ and stating things in a way that is authentic, but at the same time brief,” advises Michael Rogers, a proofreader at OXEssays.

Keep work experience relevant, and highlight achievements

You may have a lot of work experience, or you may not. The objective is to clearly state and emphasize the work experience that is relevant and shows your suitability for the role you are applying for. Savvy resume writers have long learned that relevancy can be established in any number of ways, and one way this can be achieved is through the presentation of achievements within each role which highlight your capacity for positive results in whatever role you have undertaken. That never fails to impress a prospective employer.

Show your commitment to innovation

As a qualified account, you have the education and background to successfully fill a role, but at the same time you always need to look for aspects which set you apart from the competition.

As well as emphasizing your education and work experience, stress the knowledge that you have regarding latest software. Showing off a knowledge of modern technology will be sure to impress future employers as it shows an interest in innovation which is a crucial aspect of the field.

Use the right tools

Like any writing task, using the right tools will go a long way to assisting in the production of a great resume. Don’t fret about a lack of writing ability, as these services will help you in the completion of your task at hand.

Show your commitment to staying up-to-date

The world of accounting is constantly evolving and it is therefore the duty of any accounting professional to stay up-to-date with a commitment to educating yourself. Mentioning relevant blog and websites that you frequent to access the latest information shows a desire to stay relevant, which never fails to impress a potential employer.

Aimee Laurence works as an HR manager at Write My Essays and also at Do My Paper For Me, contributing to and helping the upkeep of those websites. Writing about her career gives her joy, and she also freelances as a tutor at the Big Assignments portal.

From E.M.T. to Tax Professional

For many individuals a career change is the right step to a better future and was the case for Eric. Whether we are pushed or pulled to make a change in our career it still is a big step and the same was true for Eric. Hear what Eric did to become a Professional Tax Preparer (PTP) as well and run a successful tax business.

See what you can do to become a Professional Tax Preparer

Universal Accounting & Virtual Bookkeeper’s Roadmap Press Release

Universal Accounting Center (UAC), an accounting school for small business accounting, bookkeeping and tax professionals is joining forces with Veronica Wasek to help bookkeepers grow their businesses by offering them a proven work flow (standard operating procedures) and business system to organize and operate their firm efficiently and profitably.

“It just made perfect sense for us to team up with Veronica,” said UAC President & CEO, Roger Knecht. “For years we’ve emphasized the 3 keys areas to have the premier accounting firm and she nails it when it comes to the production side of the business.”

“Universal offers accounting professionals the resources, training, certifications, coaching and support needed in today,” said Veronica Wasek.  “I’m excited to work with them to help accounting professionals build successful businesses. Partnering with them is such an exciting opportunity.”

In the past few years Roger and Veronica have had various conversations about the accounting profession.  Running into each other at various accounting conferences this is now the opportunity to work together.

For more information about this opportunity and how it applies to you GO HERE!

To find out more, visit https://5mbacademy.teachable.com/p/bk-roadmap

For nearly 40 years Universal Accounting Center has offered premier training to professionals wanting to provide financial services to small businesses. UAC training helps students develop not only crucial financial skills but also the marketing know-how to help promote those services. Skills are taught through a patented home-study course that is available online, allowing students to learn at their own pace. Certifications available are: Professional Bookkeeper (PB) QuickBooks Specialist (QS) Professional Tax Preparer, (PTP). More information about Universal can be found by calling 1-800-343-4827 or visiting www.universalaccountingschool.com.

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