Companies need an audit if the economy is growing, and corporations need an audit during a recession. On the work, accountants examine statements to ensure accuracy, make sure that statements and records suit laws and regulations, compute taxes owed, prepare tax returns, ensure prompt payment.
Inspect account books and accounting systems to stay up to date, organize and maintain financial records, improve business efficiency where the money is concerned, make best-practices recommendations to management, suggest ways to cut back costs, enhance revenues and improve profits, and supply auditing services for businesses and individuals.
Enrolling into an accounting school kansas City is often far more flexible than most students realize. Besides the traditional tax accountant or bookkeeper, an accounting degree can take students into the public sector as government officers or FBI agents; into music, fashion, sports, and Hollywood; into education, research, and policy-making; or into all kinds of profitable private practice. The financial rewards are considerable – the Bureau of Labor Statistics shows the highest 10% of accountants earning an average of $111,510 annually. There’s much room for more, too; the BLS expects accounting to grow at a pace of 13%, with quite 1.4 million jobs in 2022.
- VICEPRESIDENT, FINANCE
Right at the doorstep of the C-suite, the vice-chairman of Finance is a crucial link between the very best executives and, therefore, the management, ensuring the desires of the C-Level is communicated to the lower rungs of the organizational ladder. The Finance VP has to guide and coordinate company financial planning, debt financing, and budget management while reporting back to the upper levels. V.P. Finance professionals usually work their way into their job from the management level; it isn’t usually necessary to have an academic degree, but having an MBA or MAcc in finance can distinguish the ambitious from the merely competent. Median Salary: $132,890. Education Level: Master’s
- CHIEF FINANCIAL OFFICER(CFO)
Chief financial officer – the CFO – is one among the very best levels of authority and responsibility an accountant can aspire to. To become a CFO, an accountant must have the highest level of experience, experience, and excellence – a long-standing track record of leadership and results. The larger and more complex a corporation, the more crucial the role of a CFO becomes, as a centralized source of authority around all things money within the company. In other words, the buck stops with the CFO. Median Salary: $127,780. Education Level: Master’s
- INTERNATIONAL TAX MANAGER
The business has been global for an extended time, but within the era of the web, there are no borders anymore. An organization based within the US may manufacture products in China made up of raw materials bought in Africa and specialized components made in Germany. That’s why international business is one of the fastest-growing specializations in business education, and why International Tax Managers are so valuable to an organization. The International Tax Manager needs not only a thorough understanding of the American market and tax regulations, but of foreign regulations, cultures, business practices, and logistics. International Tax Managers are pivotal in mergers and partnerships between American and foreign businesses. Median Salary: $112,000. Education Level: Master’s
According to some accounting school kansas City statistics, the states that pay the very best salaries for accountants are mostly concentrated on the East Coast.