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<\/figure><\/div>\n\n\n\nAccounting Career Paths:<\/h2>\n\n\n\n
If you are interested in choosing an accounting career path, most of the accounting careers require fundamental technical accounting skills and few accounting career options are available to you.<\/p>\n\n\n\n
Tax Accountant:<\/h2>\n\n\n\n
Tax Accountant, the name itself suggests that it solely focuses on tax-related accounting work. The charge of a tax accountant is to prepare and file tax returns for individuals and companies. Successful accountants know state, local, and federal laws and regulations on taxes. Tax accountant clients range from individuals to corporations to government organizations.<\/p>\n\n\n\n
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In tax, an accounting career path means specializing in filing tax returns with the Internal Revenue Service (IRS). You should need a CPA license to work as a tax accountant and few choose to get an Enrolled Agent (EA) designation, which allows them to represent clients to the IRS legally.<\/p>\n\n\n\n
Financial Accountant:<\/h2>\n\n\n\n
Financial accountants work for a single organization or business and prepare reports that assess fiscal performance like Profit and Loss statements, Cash flow statements, and balance sheets for stockholders, taxing agencies, and creditors.<\/p>\n\n\n\n
Forensic Accountant:<\/h2>\n\n\n\n
A Forensic accountant is in charge of analyzing financial records and transactions to find if any fraud has occurred. They are typically employed in the legal, accounting, and insurance sectors. The forensic accounting career path involves financial statements examination to find evidence of crime like fraud. They typically have CPA licenses and work for insurance companies and law enforcement agencies.<\/p>\n\n\n\n
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Few forensic accountants work for government organizations like the IRS or the SEC. Using CPA knowledge, they locate if the company or individual committed an act of fraud or embezzlement and is also involved in investigations like divorce proceedings.<\/p>\n\n\n\n
Government Accountant:<\/h2>\n\n\n\n
Government accountants are employed by provincial, federal, and local governments to look after the financial records of public funds. They work in various departments like revenue, taxation, treasury, and auditing. Their main focus is on the management of funds to check whether it’s being collected and spent as per appropriate laws.<\/p>\n\n\n\n
Internal Auditor:<\/h2>\n\n\n\n
In corporations, internal auditors make sure that the resources are used effectively, the company complies with state and federal requirements, and no mismanagement of funds. They also perform audits on other aspects like compliance with banking regulations.<\/p>\n\n\n\n
Managerial Accountant:<\/h2>\n\n\n\n
Managerial accountants provide financial information to managers in the company for making decisions to manage company investments. They also help in cost analysis, budgeting, and other types of accounting.<\/p>\n\n\n\n
Financial Planner:<\/h2>\n\n\n\n
Financial planners provide guidance and advice to clients on retirement, tax planning issues, and a range of investments and they create long-term financial plans for businesses or individuals by analyzing client’s goals, income statements, balance sheets, risk tolerance, and cash flow statements. They aid individuals from budgeting to investing.<\/strong><\/p>\n\n\n\n If you have CPA certification, you are eligible to work in a public accounting firm. A public accounting firm provides tax, auditing, consulting, and accounting services for clients across a range of sectors including individuals, governments, nonprofits, and individuals. A job in public accounting gives experience in different facets of the accounting field.<\/p>\n\n\n\nPublic Accountant:<\/h2>\n\n\n\n