Professional Plan
There are so many different occupations in accounting with various skill sets, earnings, responsibilities, qualification requirements, and growth trends, that it is difficult to choose a particular career field. The top three careers that interest me the most in accounting are public accounting, internal auditing, and management accounting. Public accountants, government accountants, and management accountants perform a wide range of accounting, but I am mostly interested in forensic accounting, internal auditing, and cost accounting.
Forensic accounting is a very interesting field. Instead of recording any business transactions, they actually go through them to find mistakes or fraudulent mischief. Investigating white-collar crimes detailing in embezzlement, bankruptcies, and other criminal financial transactions, including money-laundering is their specialty. Forensic accountants, equipped with their knowledge of accounting and finance, combine that with law and investigative techniques, to insure a financial transaction is illegal. As they are investigating these crimes, many forensic accountants will work with law enforcement and lawyers and speak as expert witnesses in trials ("Accountants and Auditors," 2005). Forensic accounting is a great stepping stone for management accounting.
Internal auditors verify the accuracy of their firm's internal records. They examine and evaluate financial and information systems, and internal controls to make sure that records are precise and controls are sufficient to protect against fraud and waste ("Accountant," 2006). Internal auditors also review company operations to evaluate their effectiveness, efficiency, and compliance with corporate policies, laws, and government regulations. In auditing comes many other highly specialized careers including electronic data-processing, environmental, engineering, legal, insurance premium, bank, and health care auditors ("Accountants and Auditors," 2005). Internal...
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