Different Jobs in the Accounting Profession | CAREER
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- Опубліковано 12 січ 2019
- Open for all the info!! 🖤
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Hi y'all and Happy Sunday! Today I'm finally sharing the different jobs you can get within the accounting profession. I'll be sharing the basic job duties, education requirements, career/ salary advancement potential, travel possibilities and more. Time stamps for each section are below:
Industry (aka private accounting):
01:02 General ledger accounting
06:59 SEC or financial reporting / technical accounting
09:16 Corporate tax
10:36 Internal audit or controls
Public Accounting (aka accounting firm):
14:01 External audit
17:53 Tax
18:59 Advisory or consulting
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All opinions are my own and are from my personal experiences/ observations. They are not on behalf of any company. I'm just sharing to provide a different perspective. Base your opinions on what is true for yourself. - Навчання та стиль
Appreciate all the advice. There's a lot of advice that you can't get anywhere else. Thank you!
I was waiting for this specific video!!!
I’ve been looking forward to this video! I always enjoy your videos.
I'm returning to school for accounting. Thank you very much! This helped me figure out my career track, since I know anything about the accounting industry.
I wish I had theses videos when I was in college. Thank You
You are absolutely wonderful! And LOOKIN LOVELY GIRL! THANK YOU FOR CREATING YOUR CHANNEL!
Beautiful and informative. Thanks Stephie!
I love your accounting videos and vlogs!!! I was just recently promoted from AP to Staff Accountant while I’m still working on my bachelors. I noticed in a lot of my accounting classes there were many people just like me who were promoted up despite not having a bachelors. But, that doesn’t mean the bachelors degree isn’t 🔑 and I’m definitely going to get my masters and sit for the CPA.
Hi just a question, what is AP? Is that something in accounting? Like a starter point?
Simple Creations it can be a starting point, depending on the company. However you would need to go to school or network with accountants on the GL side for mentoring before being considered for a staff accountant position.AP stands for Accounts Payable, on that team you pay the bills and non-payroll contractors and correspond with vendors. Some accounting knowledge is needed but it’s mostly technical transaction handling.
Wow you go girl! I’m starting school for my BA in accounting this month! Super excited!
@Anaka: Congrats on your promotion. Good luck on your CPA journey! 👏👍
Jobs for Accountants
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Love this video thanks steph
Thank you for this video. I am a teacher looking at going into accounting and really appreciate the information.
Good luck on your accounting career! 👍👏
Excellent video Stephie! Very informative.
Thank you!
Thank you Stephie!!!
I work in GL accounting at the moment and you were pretty spot on about it. Hopefully I can pass the CPA and go into financial reporting or technical accounting. Great vid.
Good luck on your CPA journey! 👍👏
This is full of great information. I showed this video to a few students I teach and we went over some of the pros and cons some types of accounting.
I'm glad it was helpful and that's awesome y'all discussed pros and cons. I could've used a professor like you 😁
@@WithStephie Thank you, but I'm not a professor. I do, however, have a high school class full of teenagers that are in in-school suspension, and we are discussing careers possibilities. I want them to see that there is more out there than working in low skill/low pay jobs. In their minds an accountant is a little old man that counts cash all day, smokes cigars, and speaks with a southern accent (rolling my eyes). Your video allowed me to show them that there is a lot more to it than that. Thanks again. :)
RunOs Haha. The way you describe an accountant in your students’ view is so funny.
Thank you for making this video!
My pleasure doll! Thank you for watching!
Looking for Accounting related merch? Check out...
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I'm a CPA and CMA in public accounting, nearing retirement. (I'm tax, but also lots of A&A.) I will show your video to my senior-year HS niece who has a math/technical mind suitable for the accounting profession!
Some comments: Tax in private accounting is usually ASC 740 work for the tax provision on their financial statements. And in larger (some) companies, they prepare their own tax return.
In large SEC-reporting companies, the top accounting/finance people almost always come from public accounting firms. Almost never do they start as staff accountants at the company, then rise to CFO/Controller. If you're not an (at-least) CPA manager at a "Big 4" accounting firm, you likely will never be hired to be a CFO of a company like GE or Apple. Reason is simple: The CPA may already be familiar with the company - as an auditor of that company! And the CPA will be knowledgeable of the complex SEC, PCAOB financial reporting and audit requirements. You dont get that knowledge on the company rising-staff accountant route. It only comes from public accounting.
I highly recommend the CPA credential over any others, including a MBA degree. It has given me the most professional respect and door-openings. And if your goal is a CPA license, I strongly advise you to get the Audit designation rather than the General designation. (These are California designations. Some states may have different names for these two.) Yes, Audit is harder and takes a few years to get the required audit hours. But you will be a much-better accountant overall. Good news: Even if you go for the General just to get the magical "CPA" letters after your name, you can always later get the Audit designation.
Hello sir, this is really informational. Thank you very much.
Thanks for your advice.
Such an informative video. Love it!
Jobs for Accountants
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Great video.Thank you.
I finished my first semester of college last semester and I took my Financial Accounting class then, so it’s pretty cool that I can watch this video and actually understand more what the different jobs will be like and what they entail. Makes me so excited thinking about the options for my future!
Woohooo that's exciting 🙌😃
Loved this video!
Thank you love!
thanks for your advise is clear and complette
I really like how you give your bloopers at the end. 👍 Also, cute jumper
Hehe thank you!
Stephie Mills what do you think about a BBA in accounting? Advantages & Disadvantages?
Also, do u have a B.S, BBA or B.A in accounting?
great content ☺️
It would be awesome if u made a video telling your story, from how u chose the accountant feild to everything that u did to get where you are now.. plus salary and benefits etc. Id like to hear your story.
also to add the failures you experience and the lesson learned throughout your process
Madison Carrillo yes i would love to see a video like that!
Great topic for an accounting video!
I don't normally comment and I love all your videos but I thought this video particularly was very informative as an overall perspective of the accounting industry. Thanks for sharing your knowledge.
Thank you so much!
Great video
What can you say about careers in academia? What experience did your professors bring to the table? Were any of them not CPAs? You spent two years at a CC. What experience might be required for what I would consider an entry-level teaching position at a CC? Did any of them do it just as adjuncts while they still maintained a full time career doing perhaps any of the things you mentioned in this video? Thanks.
I just got an offer for my first full-time audit position for public accounting for when I graduate and I am lowkey nervous about the travel 😫. Like, am I just going to be thrown at a client in the middle of nowhere lol? Anyway, thanks for the video, very informative :)
ALXSSA congrats on your offer!
rosemonje awwe thank you so much 🤗
ALXSSA how did it turn out ?
Hey, how did it turn out? Hope all is going well
Stephie you have this cute habit of grabbing at your hair every once in a while. Chill girl, you look fabulous! Lol. So I have a question for you. If I wanted to travel internationally with a major firm to audit around the country and or world (Like a PWCH or E&Y) what is the best way to get started and get there fast? I am taking Accounting certification courses online right now as I want to change careers (all late in life) since the social services route just doesn't pay here in my red state. TMI I know. LOL!
I am really interested in forensic accounting, but had to take a basic accounting class for my business degree and it was really difficult. I didn’t understand the material and struggled a lot. 😢
i am really interested in your videos
great video.
how about your experience with IT auditors: have you met IT auditors with a business background? in other words: is it possible as a business guy to get expertise in IT in terms of accounting and auditing?
I'd also like to know, thanks Stephie, this video is super informative
Loved this video. Just what I needed.
Currently a university junior who just got an internship at a local firm in a small city in South Texas . I am 100% going for that CPA license by getting a Master’s degree. Any school recommendations in Texas for the Master’s degree?
Closer of Accounts
Hello. I am striving for a Master’s in Accounting. Also, thank you for the response. I appreciate it. I will take those schools into strong consideration.
With your experience in accounting, have you seen the CGFM (Certified Government Financial Management) cert useful to add to a candidates resume?
I think it's useful if you plan or do work in governmental accounting or audit governmental entities. I have not seen it be required or sought after in the areas I work in (public accounting / internal audit for for-profit entities) , since it's not government related.
Hey Stephie!! Loved your video. But I also have a question for you. I am pursuing my CPA right now. I am preparing for FAR and REG. I do have a bachelor degree in accounting but it is from another country, where we studied International Accounting Principal. I am hoping to be pushed into accounting career here in US by getting a CPA. Do you think that's possible?? Any advice??
Having a CPA license always strengthens your accounting career. So definitely go for it! Good luck on your CPA journey!
For anyone interested in tax, (probably not many) being an EA I've seen, can also be equivalent to a CPA. There are a few financial statement differences because it must be on a tax basis legally but you can still do tax representation, tax research, as well as preparing corporate taxes.
What's EA ?
The EA is not equivalent to a CPA.
@@brianl8250 which is why I highlighted the differences.
@@meghna7863 An enrolled agent
My professor is using this video for our class discussion, ahh
😲😲😲😲😲☺☺☺ oh how funny!
Hi very informative vid! As for government accounting, is the career ladder the same in terms of going from staff to senior to manager etc? THANKS
Hi Stephie, Question: I'm 30 years old, working on my CPA but don't want to go Public (Auditing/Tax and the long hours don't interest me. I prioritize flexibility). Do you think getting a CPA will open more doors for me outside of Public Accounting to well-renown companies, such as a Spotify or HBO, even though I don't have experience in Public Accounting? Do I need Public Accounting experience to go far? If so, I may consider joining a firm a bit more
Hi there! Yes I still think having a CPA is great for marketability and most management/ above positions ask for licensing. CPA is more all around accepted and shows your technical accounting possibilities too.
In my experience, most large Fortune 500 companies ask for public accounting experience, especially if you want a higher paid role like manager or above. Even some senior accounting positions ask for PA experience as preferred.
Those two combinations make you much more competitive in the job market but you don't absolutely need to have them if you have an "in" with a company like a friend who works there. It's possible but otherwise it's much more difficult in my opinion. I hope that helps a little!
@@WithStephie This helps a lot! Thanks!
Hi, I’m currently pursuing a career in accounting. What advice would you give for someone who is just starting?
I would strongly suggest to have the CPA license in your early career. It could help you a lot in going further in accounting career.
@@CPACareerPaths what steps to take to get your cpa?
Carlos Lopez Rodriguez It depends on which state you are as different states will have different requirements. In California, you will need to complete 150 credits that meet CalCPA requirements, pass 4 sections of the CPA exam, pass PETH (Ethics Exam), and 1 year experience under CPAs. All these things could happen at the same time. Such as you could take the exams while obtaining the experience requirement.
I love your videos........ I wonder if i can be a staff accountant with a bachelors degree in Business Management
Thank you! It will depend on the employer and how many accounting classes you took as part of your degree to ensure you have the basic knowledge necessary to start in the field. Most job descriptions I've seen for staff accountants ask for a bachelors degree in accounting though it will depend on the employer and your ability to sell yourself during a job interview :)
Can you do a video on what the CPA exam mainly is ?
The CPA exam has 4 sections: FAR (Financial), AUD (Audit), REG (Regulation), and BEC (Business Environment and Concepts). You have 18 months to pass all 4 sections. Once you pass the CPA exam, it depends where you live to know if you need to pass the PETH (Ethic Exam). When you are all done with the exams, you need to meet the experience qualification (again, it’s various in different states) to apply for the CPA license. Good luck on your CPA journey!
where can i get a subtittle??
Studied a bachelor of commerce finance degree on the advice of my father, turned worst mistake of my life i hate finance and accounting
I heard that public accounting is really busy, is that right
I work as an ap 😊
You make up so pretty
What if i get accounting certificate?
Do you have certificates to prove it?
What would be the best accounting job if I wanted an accounting job outside the US?
I would either recommend some kind of auditing position (public accounting or internal) or working for a company's accounting department (industry) that follows IFRS vs GAAP.
I have worked with many people who came from other countries like Canada and South Africa who came to the US to work through public accounting and I believe the same happens for those in the US going to other countries.
Uncertain if it would be practical to pursue an accounting degree and try to pass the CPA exam when someone is in there mid 40s, do you think, please be honest would employees hire such a person?
@@erikdenend4015 it is abouslety fine I had 2 ladies when I was undergoing my bachelors that were in their mid 30' s when we graduated one got an offer from a cpa firm and another from an bank in their accounting department as long as you have a 3.0 and you are willing to get your cpa you will get a job I am from arkansas were the market isn't that great for employment so if they could do it u should be fine
You should be fine. As long as you are open-minded and you are willing to learn. Good luck! 👍
Hey! You didn't cover FP&A roles i.e. budgeting and forecasting!
FP&A is Finance so I didn't include in this video. Related to accounting but different in skillset, licensing and focus. It happens that someone from an accounting background goes into finance. Happy to cover in a separate video.
@@WithStephie That would be great :)!
What salary a Fresher CPA can expect right after certification????
It depends on the location you work and the size of the company you work. I work as an auditor associate at a national CPA firm and I receive different salaries for the same position but in different office locations within the same state.
Thanks Stephie. Should I just skip going for a cpa as I cannot travel at all for health reasons?
I completely agree with Closer of Accounts. You don't have to travel if you don't want to and a CPA license will help you regardless. Just look for jobs that dont require travel and you'll do fine!
Hi stephie. I was wondering if you can answer a question i have been asking myself for a while now. I am an accounting major, i am a sophomore in college. and when should i start considering an accounting career path (audit,tax,etc) before graduating.
Hey man, if it makes you feel better I am in my senior year and I still am not 100% on my direction. Definitely private not public and not tax (taxation class was a nightmare for me) but learning toward financial SEC or audit
I have the answer for you, stay away from public accounting. Throughout school you'll be pressured and be brainwashed into believing the ONLY way to build a career in accounting is to go to public. I work in public accounting right now, it is a nightmare. No matter what firm you'll go to, you'll work long hours doing work that you don't even understand with so much stress. Not only that, but with the hours you'll put in you're basically making the same as a retail worker. You'll also be pressured to pass your CPA exams when you have absolutely no time to study. Public accounting is the worst. If I knew it'd be this bad, I would've never joined. I'd have rather gone to private.
@@Immortalkalashnikov hey what about government?
Hi, i just finished my bachelor in accounting but i have no idea how can i apply for accounting job and what are things that i need to know for applying ? Being an international student, i am really hopeless to find job in this field. Can you give some tips please?
Hey, are you in the U.S.?
@@gonzalezmario2731 No.. i am in Australia.
I hate accounting how do I get into another job
Apply for internships or jobs and match your current skills with it
Ano future accountant kaya pa??
Can ACCA be used in place of cpa?
ACCA and CPA have mutual understandign agreements. So if you are an ACCA then you only have to give a certain exam, and then you receive the CPA designation.
Do I need a bachelor's degree in accounting? Can I work as a accountant without a CPA?
Ronel Galit yes you can work as an accountant without being a CPA
@@pppp7133 Does an online degree in corporate accounting in ASU will be worth the money?
@@roce6296 if it’s a bachelors yea not associate tho
U r so cute id debit the credit for you