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Jobs For Accountants Who Don’t Want To Be Accountants

By David Krug 4 minute read

You might believe that accountants are just responsible for preparing tax returns before you learn more about the discipline of accounting itself.

Accounting, as a whole, is a wide and diverse subject paragraph breaks. Many accounting positions do not entail any tax-related work at all, or tax-related work is only a minor percentage of the overall job responsibilities. 

Give up on this fast-expanding, well-paying, and secure career path because you are concerned that working in the tax industry would be tedious.

As an accounting professional, there are a number of alternative options for your career development.

Auditing

When it comes to financial reporting, auditing is the accounting specialty that deals with the examination of financial accounts and information.

Accountants investigate financial irregularities, contradictions, or indications of financial mismanagement.

There are two types of auditors: those who work for the firm they are auditing, and those who work for customers who engage them to audit the company’s finances.

For the organization, this may be like having an in-house business consultant, since internal auditors can spot ways to boost efficiency and production. 

The interests of the company’s external auditors are not as strong. As a result of their concentration on verifying the authenticity of a company’s financial data, investors, shareholders, trustees, and other authorities are more likely to hire them.

Accounting schools that specialize in internal auditing are scarce, according to the Bureau of Labor Statistics (BLS).

Auditing is often a graduate or post-graduate course of study, however, most auditors begin their careers with a bachelor’s degree in accounting.

It is common for accounting bachelor’s degree programs to incorporate auditing ideas into their curricula at some point.

Information technology auditors are one sort of internal auditor with a particular skill set. As a financial systems analyst, your job will entail investigating the company’s computer systems that hold financial information.

Personal Accounting

Private accounting refers to any sort of accounting work in which the accountant generates financial reports for use by a private entity, as opposed to those mandated by law.

Typically, private accountants are engaged by the firm and work in-house on a set work schedule.

There are several jobs within accounting career pathways in the private sector. Cost accountants are preoccupied with expenditures.

In the studies of a cost accountant, supply chain costs, material costs, labor costs, manufacturing costs, shipping costs, and administrative costs are among the expenses considered. 

This information is utilized by cost accountants to establish budgets, examine the organization’s profitability, and search for methods to save the business money.

Management accountants engage in some of the same tasks as cost accountants, such as budgeting, but their job is primarily focused on advising firm leadership on strategic business decisions. 

Management accountants are also involved in the company’s financial planning, risk management, external financial reporting, and other tasks that influence the organization’s strategic decision-making processes in the broader context.

Professional qualifications such as the Certified Management Accountant (CMA) accreditation, the Certified Cost Accountant (CCA) designation, or even a Certified Public Accountant (CPA) license are advantageous for cost and management accountants.

Accounting Forensics

Financial mismanagement can be investigated by auditors, but it is up to forensic accountants to track the money and seek proof of criminal behavior.

Accountants utilize their financial reporting and analytical abilities to look for shady practices like fraud, embezzlement, or money laundering. 

It is not uncommon for forensic accountants to operate in a wide range of contexts from law enforcement departments and law firms to banks and insurance organizations. Fbi and other government agencies use the services of forensic accountants from time to time (FBI).

According to the Association of Certified Fraud Examiners, getting the Certified Fraud Examiner (CFE) degree can increase the income potential of forensic accountants by up to 31%. (ACFE).

Public Accounting

Production of financial papers for legal requirements might be considered public accounting, the polar opposite of private accounting in this context. Naturally, public accountants deal with taxes, but they’re not the only ones who do so. 

A balance sheet is one of the many responsibilities they perform for individuals, corporations, and the government, and they work with all of them. As CPAs, some can file filings with the SEC on behalf of publicly listed corporations.

Consultancy and auditing are only two of the many services that public accounting companies provide to their clients.

What exactly is tax accounting?

Tax accounting may not be right for you, but you might want to think about what it’s like to work in this field. Getting a job in taxation is a common choice for accounting master’s degree holders, according to U.S. News & World Report. 

Taxation careers are also on the rise, which means that students who choose this path will have improved employment prospects and potential for promotion.

The intricacy of taxation may be a source of employment pleasure for those who are detail-oriented and seek information.

With the ever-changing nature of tax legislation, you’ll have lots of opportunity to broaden your understanding of this complex subject matter.

David Krug

Author