Accounting Job Outlook

Accounting Job Outlook

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Introduction

Accounting is arguably one of the most prestigious careers in the contemporary world. It mainly involves the preparation, as well as examination of financial records to ensure that the information presented therein is accurate (Eisen, 2007). On the same note, they ensure that a business entity, individual, or corporation has remitted the appropriate amount of taxes at the right time (Panda, 2006). Accountants, in general, evaluate the financial operations of a business entity and strive to ensure that they are run in an efficient manner (Gaylord & Ried, 2006).

There are varied titles that an individual in the accounting field may have. One may be a management accountant, whose analysis of financial information is meant for internal usage purposes (Panda, 2006). Government accountants, on the other hand, analyze and record financial information for organizations that are subject to government taxes, while public accountants carry out a broad range of auditing, tax, accounting and consultancy for individuals, corporations and governments (Gaylord & Ried, 2006).

Accountants have a median yearly wage at $61690, as at May 2010 with the lowest 10% earning lower than $38940 while the top 10% took over $106, 880 (Bureau of Labor Statistics, 2013). Accountants usually work for less than 40 hours a week, thou.............