The career paths for CPAs and possible CPAs are many and varied. Certified Public Accountants can work for large global CPA companies right down to modest local accounting practices. The opportunities open to one as a CPA in these firms include auditing, tax and administration consulting.
There also exist opportunities in business and enterprise, having choices such as Fiscal Accounting and Reporting, Fincancial Analysis, Treasure/Cash Management and Management Accounting. Federal, state or local government also offer CPA career opportunities. Other areas to look into include Education and Non-profit Companies.
Following are career paths you may pursue when you become a CPA:
Forensic and Fraud
Forensic Accounting is not really recent. When the business environment becomes more difficult and with the constantly increasing amount of business associated investigations, Forensic Accountants are in more demand. Forensic CPAs assist in investigations relevant to financial and business factors. Investigative talents, auditing and accounting come together to make the speciality called Forensic Accounting.
Forensic - Belonging to, used in or suitable to courts of judicature or to public discussion and debate.
Forensic Accounting - providing an accounting analysis suitable for court which forms the basis for debate, discussion and dispute resolution.
Forensic Accounting involves both Litigation Support and Investigative Accounting.
Actually the Forensic CPAs training will enable them to see beyond the numbers and handle the business reality of the situation.
Every corporation is required to hire a public accounting company to audit its books to make sure that the financial report is completed based on the General Accepted Accounting Principles (GAAP).
The Auditor examines the financial report utilizing comparison, analysis and inquiries to make sure the financial statements are presented accurately.
Business and Industry/New Finance
CPAs can offer specialist guidance on economic planning, corporate finance, mergers & acquisitions, worldwide trade for individuals, businesses, non-profit organizations and government agencies.
Government accountants and auditors work in the public sector, maintaining and examining the documents of government agencies as well as auditing private businesses and individuals whose activities are subject to government regulations on taxation.
Accountants employed by Federal, State, and local governments ensure that revenues are acquired and expenditures are made in accordance with laws and regulations.
Those employed by the Federal Government may work as Internal Revenue Service agents or in financial management, financial institution exam, or budget analysis and administration.
Personal Financial Planning
Help individuals manage different personal financial concerns by way of proper planning, including but is not restricted to these important areas: cash flow management, education planning, retirement planning, investment planning, risk management and insurance planning, tax planning and estate planning.
The main target here is on the exact needs and objectives of older adults.
The CPA will tackle various areas including accounting, cash flow planning and budgeting, pre- and post-retirement planning, insurance reviews, estate planning and tax.
Employee Benefit Plan Audit
Prepare financial statements for defined benefit pension plans and determine the adequacy of disclosures in the financial statements being audited.
Information Technology (IT)
CPAs with robust pc abilities can create and implement sophisticated accounting systems to further improve the performance of companies.
This is one of the benefits of a CPA Career and make the time spent taking the CPA Exam really time well spent.