Accountants Often Need to Know More Than Most People Realize ...

If you have seen several websites offering college degrees and have been considering getting a degree in accounting, there are some things that you should seriously consider first. As with any other career, the accounting field has many in?s and out?s. Below are some basics about the job description of accounting personnel that you should think about before joining the accounting field.

Job Description of Accounting Personnel

Depending on the particular area of accounting you are considering, there is much more to accounting than simply entering data. For business accounting, it is important that you understand a ledger and how the different debits and credits impact a company?s bottom line. Often times business accountants need to know tax laws, payroll specifics, expense categorization, and the net worth of a business at any given moment. Many states require continuing education for accountants and tax laws are constantly being revised, so it is important for a business account to be prepared to continue training throughout their career.

If you are considering personal or individual accounting, than personal taxes are a vital area. You will need to constantly familiarize yourself with the federal and state tax laws. You need to be current on laws affecting not only clients in your state, but in all states. Keep in mind that it is not uncommon to have a client who has worked in multiple states. If they come to you for help completing their taxes than you will need to be educated about those various states? rules and regulations.

If you are considering joining a company in their payroll department, it is important to make sure that you know about government rules and laws regarding overtime, how many hours individuals are allowed to work, mandated breaks or rest periods, and age restrictions. Along with knowing employer compliance laws, this field of accounting requires continuing education in payroll laws that will continue through your entire career.

Lesson to Take Away

There is no such thing as a simple career choice. Every profession has its nuances and the accounting profession is no different. Before embarking upon a $30,000 college degree that takes years to complete, it is important to know what you are getting into. Studying the job description of accounting personnel or a public accountant is crucial to making the right career decision. When it comes to the accounting profession, you should be prepared to take courses continuously and regularly. This is different from other professions that only require you to complete one educational program and your done. It really comes down to knowing what a career entails before you get trained to do it. Make the decision that it is right for you.

Source: http://sdhi.org/?p=262

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