According to the Bureau of Labor Statistics, job growth in the fields of accounting and auditing will reach 13 percent between 2012 and 2022. With 1,275,400 individuals currently employed in these two professions, this means than an extra 166,700 new jobs will be created by 2022.This is an impressive figure considering the fact that the average growth rate for all jobs is only 11 percent.
The median salary of an accountant/auditor is in the region of $63,000 per year, but about half of all employees in this job category earn well above that figure. In May 2012, the top ten percent of accountants and auditors earned more than $111,510 per year.
What does the average working day of an accountant look like? Accountants prepare financial records, something that every firm and government department has to do to ensure that a footprint exists of all financial operations.
Accountants are also often involved with budgeting. They draw up statements of expected income and expenditure so a company or department will know whether its planned operations will run at a loss or a profit.
Many accountants are also involved in setting up internal control measures to ensure that staff members follow standard procedures and no loopholes exist for fraudulent activities.
There are many specialist fields within this job category. Some accountants specialize in taxation, while others become experts in estate planning, investments or certain types of industries.
The long-term job prospects for an accountant or auditor are excellent. Many of them end up as part of a senior management team, and it is not uncommon for a top accountant to be appointed as the CFO of a large company.
When the auditors arrive at the end of an accounting period, their job is to make sure that the accounting records were indeed kept properly and that the financial statements are a true reflection of the profit or loss for the period under review and the current financial status of the company or governmental department.
Individuals who would like to become an accountant or auditor should start with a bachelor’s degree in accounting. An online accounting degree, perhaps earned while the student is working in the industry to get experience, could well be the start of a rewarding career in this perennially popular field. Learn how you can earn an accounting degree online at Accredited-Online-Colleges.com.