Fundamentals of Accounting Lesson #2: Careers in Accounting

This lesson is warmly brought to you by yours truly, Josquine Alviar Diaz. Thank you for reading this blog post. Hope you like it. ^_____________^ xoxo

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Why do you choose accounting? After graduating, what road are you going to take? This lesson aims readers to familiarize themselves to accounting's wide job opportunities. For simplicity and to make it easier to understand, I'll be only discussing this in bullets. :D

• Public Accounting - accountants who are said in this field are rendering their services for a fee. All individuals in this field (if you are in the Philippines) must be a Certified Public Accountant. An accountant in public accounting can be an auditor. Auditing involves independent analysis of firms' financial statements and expressing an opinion about firm's accounting treatments and procedures. One can also be in Tax Services which provides the preparation and filing of required tax returns of a firm. Management Advisory Services entails giving services to related clients on matters that are pertinent to the design and maintenance of a company's accounting policies and system, budgeting, production, cost accounting and other economic matters of the company. In layman's term, it encompasses Finance. 
• Private Accounting - this is the exact opposite of Public Accounting. Private Accountants are employed by private entities and other not-for-profit organizations. General Accountants (i.e. those who are responsible until the end of the accounting cycle) are said to be in this field. Other examples are bookkeeper, accounting clerk, management accountant and the like.
• Government Accounting - from the word itself, this is the field for those who are working in any governmental unit like the Securities and Exchange Commission, Bureau of Internal Revenue and the like.
• Accounting Education - this includes accountants that are employed as accountant, professors, instructors and reviewers (I hope blogger too. ^^) Just like the others, only Certified Public Accountants are only allowed in this field.

This ends our lesson for today. I will post a different blog entry about this and I will tackle more about their salary and their pros and cons. I won't make a definition of terms here anymore. :D 

oOo

Two lessons more and we will now move on to the rules of debit and credit. Yeah!!