Types of Accountants

Nowadays, accounting is very important for all business. Accounting includes managing and auditing records and preparing financial reports for a business. Accounting services are one of the key aspects that determine the survival of a business. It can never be overlooked if the goal of the business is a success. Below are the different types of accounting careers:

Public Accounting

It is a kind of job that mostly requires travel. Being a public accountant involves doing different types of activities. They work as consultants. A public accountant is not just like the employees of the companies. They do audits and taxes. To qualify for this job, you must be a Chartered Public Accountant (CPA). This is suitable for people who prefer various types of jobs.

Forensic accounting

This type of work involves investigating financial crimes in a company. They inspect things like embezzlement, securities fraud, money laundering, bankruptcy, and others. Forensic accountants are those who really deal with the case or activity of a particular monetary activity. They combine legal knowledge with their investigative techniques. Those wishing to practice such a profession must first know about law enforcement. It is close to being a lawyer.

Private Accounting

As a private accountant, it involves working in an organization in order to oversee and manage daily accounting activities. The job includes creating ledger entries, balancing customer’s bank accounts, and reconciling general ledger accounts. They are mostly responsible for monitoring production costs. They also compare the actual costs of the budgeted amounts and control the inventory.

Auditors

The role of the auditor is to check the accounting records of the company. They try to check for accounting errors or fraud between monetary transactions. They are familiar with the rules and laws of accounting. Auditors generally check for all auditor errors. You have control over all the problems the company might have with money.

Chief financial officer

This is also called CFO. He is a business executive. It is, in fact, the highest accounting position of the company. He is responsible for all financial matters of the company. His job is to finance the company, process the company’s investments and report the results to investors.