Specializations within the Accounting Field

Many people don't realize that you can further specialize within the field of accounting itself. Within each specialization you still perform the basic tasks of an accountant: preparing, analyzing, and verifying financial documents in order to provide information to clients, but there are also duties specific to each field that might draw you to it.

Public Accountants-perform a broad range of accounting, auditing, tax, and consulting activities for their clients, who may be corporations, governments, nonprofit organizations, or individuals.

Consultants-offer advice in areas such as compensation or employee health care benefits, the design of accounting and data processing systems, and the selection of controls to safeguard assets.

Forensic Accountants-investigate and interpret bankruptcies and other complex financial transactions.

Management Accountants-record and analyze a corporation's financial information in addition to budgeting, performance evaluation, cost management, and asset management.

Public Sector Accountants-government accountants and auditors who maintain and examine the records of government agencies and audit private businesses and individuals whose activities are subject to government regulations or taxation.

In all of the above professions, you will still need to learn the basics of accounting, which includes financial and managerial accounting, research, business valuation, cost management, information systems, auditing, policy, taxation, and consulting services. On top of your education, you will also need to be certified in accounting or auditing, which is a standard requirement for employment as an accountant. Accountants are typically expected to be detailed-oriented, highly motivated researchers, and knowledgeable about U.S. and international tax laws, economics, and money markets. This requires excellent mathematic and computer skills, analytic and problem-solving skills, oral and written communication skills, and strong interpersonal skills. If the characteristics you have are complimentary to these, you will easily be able to learn the specifics from any of the accredited accounting programs recommended on this website.

Source: www.allbusinessschools.com/