Accounting Types Essay, Research Paper

Intro Thesis- An accountant has

many choices as to what particular field of accounting to

specialize in depending on the financial information the

accountant wants to analyze and how the information is put

to use. Meth – Financial accountant, tax accountants and

internal auditors are all accountants in general but require

different training and work methods. I. Financial

Accountants A. For managers, stockholders B. Record

and report data using GAAP C. Private IV. Tax

Accountants E. For individuals F. Prepare returns G.

Public (CPA) VIII. Internal Auditors I. For own firm J.

Review accounting and operating procedures K. Private

(CIA) Conc. Summary, Author’s Comment The

Accounting Equation Thesis: An accountant has many

choices to what particular field of accounting to specialize

in depending on the financial information she wants to

analyze and how it is done. Class: Accountants Special

Interest: Analyzing Financial Information Subclasses:

Financial accountants Tax accountants Internal auditors A

college student decides she wants to become an

accountant. General accounting and bookkeeping classes

can be taken in high school. In college, the student needs to

decide on a more specific field of accounting. An

accountant has many choices as to what particular field of

accounting to specialize in depending on the financial

information she wants to analyze and how it is done.

Financial accountants, tax accountants and internal auditors

are all accountants in general, but require different training

and work methods. A financial accountant records

economic data and periodically prepares reports that show

profit and other financial information of a company using

the generally accepted accounting principles. The reports

prepared by the accountant are useful for managers, and

also for owners, creditors and the public. Based on

information in the reports the public can use the reports to

choose a company to invest in. Because a financial

accountant is employed by an individual company, she is

considered a private accountant. Another type of

accountant is a tax accountant. A tax accountant prepares

yearly tax returns for individual clients. The accountants

have to use constant data such as rates of pay and other

information to determine the proper amount of taxes to be

paid. These accountants have to take a class once a year to

catch up on yearly changes in tax laws and regulations. If a

tax accountant has met state experience requirements, she

may want to take exams to become a Certified Public

Accountant (CPA). A third type of accountant is an internal

auditor. Auditors are sponsored by the Institute of Internal

Auditors and work within an individual firm. The auditor

reviews accounting and operating procedures used by a

firm to make sure everything is being run properly. If things

aren’t being run properly, it is the auditor’s job to find the

problem and to try to rectify it. An auditor is considered a

private accountant because he is employed by a firm, yet if

he specializes in auditing, he may want to get a Certified

Internal Auditor (CIA) certificate. So, an accountant has

career choices to make based on more specialized interests

in a field, and as with other careers, a different

specialization will have different educational requirements.

Different classes will need to be taken in order to gain

enough knowledge in the general field and several classes

on a similar topic when the accountant decides what to

specialize in. Accounting may not seem like a popular

profession, or a very interesting one, but once one looks

deep into the separate activities and training of each

specialization, on can see that accounting may appeal to

many different types of people for many different reasons.