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Accounting
What Accountants Do
Types of Accountants
• Public Accountants– Auditors– Tax Consultants– Business Consultants
• Management Accountants– External Reporting (financial statements, etc.)– Decision Support
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.
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
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
Tax Consultants• Compliance and Reporting• Research• Planning• Analysis of Deals
Consulting• Acquisitions• Relocation• Projects• Analysis
Management Accounting• Financial & Regulatory Reporting• Internal Analysis of Costs & Revenues• Establish & Maintain Internal Controls
Internal Auditing• Evaluating Risk• Confirming Information• Analyzing Operations• Reviewing Compliance• Recommending Controls• Assuring Safeguards
Government Accounting• Oversight• Investigation• Information Reporting• Regulation
Forensic Accounting• Reconstruction of past events• Private investigation of fraud and potential fraud• Litigation support• Criminal investigation (FBI, IRS, etc.)
Questions?