Become an Accountant
The students enrolled at the Accounting Program at EBI can attest to this: Studying accounting is not like studying economics, psychology or history. Every course and each assignment builds on the previous courses and assignments. Accounting takes a certain type of person; one who thinks logically, with reason (and who reads this blog). In this article, we will delve deeper into what to expect when you’re expecting to become an accountant.
Accounting is a tough industry to break into. There are jobs out there in the accounting field that span across many different industries. If you are thinking about switching your current career and want to work towards becoming an accountant, it would be wise to look at various job postings in order to see what skills are expected for the type of job you intend to set your career goals on.
Studying to become an accountant can take years. EBI offers a much faster alternate option, with a 16-month Associate Degree Program in Accounting. Graduates of these programs will be qualified to work as bookkeepers, cost accountants, tax preparers and accounting clerks, among other positions. Please note that students who want to pursue a more serious accounting career as a Certified Public Accountant (CPA) will need to pursue additional education in the field.
What to Expect When Working as an Accountant or Auditor
Accountants and auditors prepare and examine financial records, certify their accuracy, and ensure that taxes are properly paid and are on time. They are also responsible for assessing financial operations and help to ensure the organization is running efficiently. Most accountants and auditors can expect to work full time (at least 40 hours per week), but should be aware that they will put in longer hours during tax season and at the end of the budget year.
Duties of an Accountant or Auditor
Here is a list of typical duties required by accountants and auditors:
- Examining financial statements, certifying that they are accurate and that they comply with laws and regulations.
- Calculating taxes owed, preparing tax returns and ensuring the taxes are paid properly and on time.
- Inspecting the account books and accounting systems for efficiency and implementing the use of accepted accounting procedures.
- Organizing and maintaining financial records.
- Assessing financial operations and making best-practices recommendations to management.
- Suggesting ways to reduce costs, enhance revenues, and improve profits.
It’s important to note that in addition to the duties listed above, accountants and auditors must explain their findings (including face-to-face meetings with organizational managers and individual clients).
Types of Accountants and Auditors
There are different avenues of accounting in the world of business. Here is a list of the different types of accountants and the areas they specialize in:
- Public Accountants: Public accountants work with a wide range of tasks that relate to accounting, auditing, tax and consulting. Their clients could include corporations, governments, or individuals. They handle financial documents that their clients are required to disclose by law. These documents include tax forms and balance sheets that corporations are required to provide to potential investors. Many public accountants are CPAs and generally have their own businesses or work for public accounting firms. Some public accountants specialize in forensic accounting, investigating financial crimes (like securities fraud and embezzlement), bankruptcies and contract disputes. Forensic accountants must combine their knowledge of accounting and finance with law and investigative techniques to determine illegal activity, and they may work closely with law enforcement and lawyers during investigations and may at times be required to appear as witnesses during trials.
- Management Accountants: Also referred to as cost, managerial, industrial, corporate or private accountants, these professionals manage, record and analyze the financial information of the organizations where they work. The information they prepare is intended for internal use, not the general public.
- Government Accountants: Government accountants are responsible for maintaining and examining the records of government agencies. Their role also includes the auditing of private businesses or individuals whose activities are subject to government regulations. Employed by federal, state and local governments, these accountants must certify that any revenues (received and spent) are in accordance with laws and regulations.
- Internal Auditors: The practice of internal auditing is not regulated. The role of an internal auditor, however, is to check for mismanagement of an organization’s funds and identify ways to improve the processes for finding and eliminating waste and fraud.
- Information Technology Auditors: Information technology auditors review controls of their organization’s computer systems to certify that the financial data is coming from a reliable source.
Accountants and auditors are responsible for a multitude of tasks. Here is a list of important qualities that students should possess to be a success in their career:
- Analytical Skills: Be able to identify issues in documentation and suggest solutions.
- Communication Skills: Possess the ability to listen carefully and attentively to facts and concerns of their clients, managers and others, and be able to discuss the results of their work in meetings and written reports.
- Detail Oriented: Paying attention to detail when preparing, compiling and examining documentation.
- Math Skills: Must have the ability to analyze, compare and interpret facts and figures.
- Organizational Skills: Possess strong organizational skills to accurately and efficiently maintain the financial documents and records of a wide range of clients.
3 Traits You’ll Find in Successful Entrepreneurs
Entrepreneurs tend to have certain characteristics that others may not have. Starting your own business takes a lot of hard work, risk and sacrifice. The hours are long and there are constant daily challenges that you may have to deal with 24/7. When you think of successful entrepreneurs, people like Bill Gates, Donald Trump or Mark Zuckerberg (to name a few) may come to mind. Many of these individuals have similar types of personality traits that stand out above the rest, which makes them among the most successful entrepreneurs in the business world. If you are interested in pursuing a career as an entrepreneur, check to see how many of the following traits you have. (You may in fact have what it takes to become a successful entrepreneur!)
Leadership “Are entrepreneurs born or made?” This is a question that is often debated, but having strong leadership qualities is always present in a successful entrepreneur. Having a vision, assertiveness and confidence are all characteristics of an effective leader. While confidence plays a big role in succeeding in anything you do, a great leader also knows when to listen to others. Successful leaders and entrepreneurs often have strong communication skills and the ability to motivate a team by setting the standard by displaying positive work qualities and poise.
Passion Believing in what you do is an essential quality to being successful in any business. As an entrepreneur, you must be the biggest believer in the service or product that you have to offer. Having the belief that what you do is important is the foundation of everything – from self-motivation to the ability to kick-start your business to being able to handle any problems that arise. Even the most successful entrepreneurs dealt with multiple setbacks. Things are going to go wrong, and a successful entrepreneur is able to be resilient and learn from failures – without any loss of enthusiasm or getting sidetracked.
Flexibility Since successful entrepreneurs are risk-takers, they are not afraid of failure. This doesn’t necessarily mean that they make careless decisions but instead choose the calculated and best ones that will benefit their business. Adaptability is also a necessary trait, as one needs to be able to go with the changes and challenges within particular industries. Very rarely will business plans stay the same from start to finish when a venture is started. Successful entrepreneurs welcome change and innovations to help improve their products, services and businesses.
Here at EBI Career College, we see plenty of enthusiastic and determined aspiring entrepreneurs (possessing all of the traits listed above) who come through our doors. For more information, simply complete and submit this online form. Or, call an EBI educational advisor now at 607-729-8915 to get started!
Deciding on a career path can be a bit overwhelming and exciting at the same time. Earning an Associate’s Degree in Business Administration can open doors to a vast range of occupations. Typically, Associate Degrees are offered as two-year programs at university business schools, community colleges and vocational schools. High school transcripts and SAT and ACT test scores may be required for admission to universities; however, career colleges and community colleges offer enrollment to students with a GED or high school diploma. For those seeking a more flexible schedule, some programs are offered part-time or online. Depending on the area of study, prospective students can earn either an Associate of Arts Degree (A.A.) or an Associate of Science Degree. (A.S.) Earning an Associate’s Degree in business may be all that is necessary to secure a job in the business world and qualifies candidates for entry-level careers in basic management and administrative roles in private, public and non-profit organizations. Associate Degree programs provide students with a foundation in business theory and technical skills. Many programs today emphasize classes in technology and computer programming to expand the skills necessary for jobs in data processing, bookkeeping, accounting, statistics and office administration. From major corporations to independent businesses, every operation needs skilled administrators who are motivated and organized. Although an Associate’s Degree in Business qualifies candidates for numerous career paths.
We hope this outline of prospective career opportunities for graduates with an Associate’s Degree has been an informative tool to help guide you toward a new career path.
EBI Career College Offers a Wide Range of Degree & Certificate Programs to Further Your Career in 2015. With a new year comes a new beginning. A time to start fresh and reflect on where we are in our lives and where we want to see ourselves in the future. With 2015 upon us, most of us have already formulated a list of well-intentioned resolutions to gear us up for the year ahead. If planning for a new career path is on your list, EBI Career College is the perfect choice for everyone from high school graduates looking to further their education to established workers looking to expand their knowledge or expertise in a field. Here is a snapshot of the degrees and programs offered at EBI. Associate Degree Program For prospective students looking to earn an Associate Degree, EBI offers the following areas of study in a 16-month program.
- Medical Assisting
- Office Technologies
- Medical Coding & Reimbursement Specialist
- Business Administration: Concentration in Small Business Management
Certificate Programs For prospective students looking to earn a certificate in a specialized area in a short period of time, the following areas of study can be completed within 8-12 months.
EBI Career College wishes you a happy, healthy and prosperous new year. If you’re planning a career change or considering furthering your education, we invite you to visit us online at www.ebi.edu to explore your options. From our family to yours, Happy New Year!