Become familiar with different accounting career options and utilize your research skills to identify the job responsibilities for the following selection of accounting roles. Utilize your textbook, www.aicpa.org, www.startheregoplaces.com, www.thiswaytocpa.com, etc. to match the accounting role to the description that most closely describes its responsibilities:
- Management Accountant
- Tax Accountant
- Personal Financial Planner
- Forensic Accountant
- Financial Reporting Accountant
- Chief Financial Officer (CFO)
- Staff Accountant
- Business Valuation Specialist
- Financial Analyst
- D – Practitioners who specialize in providing estate, tax, retirement, risk management and investment planning advice.
- H – Responsible for organizing, directing, and controlling the work of the accounting personnel in collecting, summarizing and interpreting financial data for the use of management, creditors, investors, and taxing authorities. As a member of the top management team, helps develop forecasts for proposed projects of the company, measures actual company performance against operating plans and standards, and interprets the results of operations for all levels of management.
- – Advises the President or Chief Executive Officer (CEO) of the organization with respect to financial reporting, financial stability, liquidity and growth, and financial strategy, design and execution. He or she directs and supervises the work of the Controller, Treasurer, and sometimes the Internal Auditing Manager. Frequently, this individual attends some or all meetings of the Board of Directors and, as a result, contributes to overall organization planning, policy development and implementation.
- – Accountants involved with cost analyses and report preparation as well as often being assigned special cost study projects. The Manager in this area is responsible for developing product costing techniques, instituting cost control measures, insuring timely and accurate labor, material, and overhead reports, supervising the undertaking of special cost studies and periodically reviewing allocation of overhead costs.
- – personnel involved in internal financial reporting and financial statements. For public companies, this individual is involved in external financial reporting and preparing financial statements to be filed with the SEC and/or other regulatory bodies.
- – Accountants responsible for one or more of the following areas: federal, state, and local income taxes; sales tax, property tax, or payroll tax. The Manager in this area would report to the Controller or a Tax Executive (Director or Vice President) and directs the staff responsible for determining the organization’s liability for all of the listed taxes. The Manager would also analyze the effect of tax accounting alternatives and studies laws and regulations to ensure correct application of new tax measures.
- – works under the direction of a Senior Accountant performing detailed work assignments in one or several of the following areas: receivables, payables, payroll, property, general ledger and financial statements.
- – these accountants help in investigations involving everything from bankruptcy and computer forensics to fraud prevention and family law. Responsible for identifying and investigating suspicious transactions and piecing together the facts using both electronic and paper records. This may be done for investigative purposes (due to suspicion of fraudulent activity) or in support of specific litigation.
- – these individuals understand the terminology, formulas, and different strategies for determining the worth of a business. They calculate the true value of a business that is used in transactions such as mergers, acquisitions, initial public offerings (IPOs) and other such transactions. May have an accounting background.
- – Person who evaluates and interprets a company’s financial statements. Can be internal or external to an organization. Often responsible for reviewing and analyzing a company’s financial results and making projections as to future results. When working within a company, these accountants are often involved in detailed budgeting for the organization.
- – Accountant responsible for the inspection of a business or other organization’s accounting records and/or procedures such as internal controls. This could be a trained accountant from within the company (internal) or an outsider (external to the company) for the purpose of verifying the accuracy and completeness of financial information.
- – Person who is in charge of managing cash, investments and borrowings. For those employed in corporations, other responsibilities include advising the Chief Financial Officer and others about dividend policy, mergers and acquisitions and overall financial management. Assignment Help