Professional accountants of today have careers that use e a wide variety of skills applicable to highly specialized roles. When the editors of the Journal of Accountancy wrote in 1912 that an accountant is beginning to be “looked upon as a business physician,” they could not have envisioned the dynamic array of practice areas that would exist 100 years later.
According to the U.S. Department of Labor, between the years 2012 and 2022, the number of jobs for accountants and auditors in the United States is expected to increase by 13%. Changes in tax laws and the regulatory environment, as well as the expansion of global commercial business and increased financial controls continue to drive the demand for skilled accountants in the public and private sectors.
What is an Accountant and What Do They Do?
Accountants work with individuals, small businesses, large corporations, non-profits and government agencies to prepare and organize financial and tax documents.
Accounting involves only transactions that can be expressed in monetary terms. Some people call accounting “the language of business,” and its purpose is to help users of accounting information make better decisions
These are among the many tasks that accountants perform for their clients:
- Organizing and maintaining financial records
- Evaluating financial operations and making recommendations to management about best financial practices
- Examining account books and accounting systems to make sure they are efficient and conform to accepted standards and accounting procedures
- Preparing tax returns and related tasks
- Examining financial statements to make sure they are accurate and meet legal requirements
- Suggesting ways to increase revenue, reduce costs, and improve profits
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