13
Accounting What Accountants Do

Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Embed Size (px)

Citation preview

Page 1: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Accounting

What Accountants Do

Page 2: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Types of Accountants

• Public Accountants– Auditors– Tax Consultants– Business Consultants

• Management Accountants– External Reporting (financial statements, etc.)– Decision Support

Page 3: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Types of Accountants (cont)

• Internal Auditors• Government Accountants– SEC– GAO– CBO– State, County, City

• Not-for-profit firms (hospitals, etc.)• Forensic Accounting– Public firms– FBI, etc.

Page 4: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Professional Statistics

• Tech placement rates 2011-12– MSA 100%– BBA 95%

• Average starting salary– MSA $55,000*– BBA $47,000

• Markets:– DFW -- San Antonio -- New York– Houston -- West Texas -- London– Austin-- Chicago -- Other

Page 5: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External
Page 6: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Auditors• “Attest” to fairness of public company financial

statements• Review internal controls to evaluate reliability of

accounting systems• Review other internal and external processes of

company and make recommendations to management• Auditors work for shareholders and others who use

financial information provided by the company

Page 7: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Tax Consultants• Compliance and Reporting• Research• Planning• Analysis of Deals

Page 8: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Consulting• Acquisitions• Relocation• Projects• Analysis

Page 9: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Management Accounting• Financial & Regulatory Reporting• Internal Analysis of Costs & Revenues• Establish & Maintain Internal Controls

Page 10: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Internal Auditing• Evaluating Risk• Confirming Information• Analyzing Operations• Reviewing Compliance• Recommending Controls• Assuring Safeguards

Page 11: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Government Accounting• Oversight• Investigation• Information Reporting• Regulation

Page 12: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Forensic Accounting• Reconstruction of past events• Private investigation of fraud and potential fraud• Litigation support• Criminal investigation (FBI, IRS, etc.)

Page 13: Accounting What Accountants Do. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External

Questions?