5 of the Different Types of Accountants: A Career Guide

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Time and time again, business ranks as the most popular major across colleges in the United States. An accounting major is considered one of the various types of business degrees along with finance and business management.

If you want to become an accountant, you might be in the process of getting your Bachelor’s degree in business.

Do you know what steps you need to take after getting a business degree? It will depend on the type of accountant you want to be. Keep reading to learn about the different types of accountants.

1. Certified Public Accountant

Certified Public Accountants (CPAs) are known as experts when it comes to accounting taxes, records, and financial standing. Some of their work involves taxes, but their involvement in advising tends to be more in-depth.

A CPA will help their clients meet financial goals through planning and assisting in other matters. This might include reviews, audits, consulting, etc.

2. Forensic Accountant

Another type of accountants is a forensic accountant. These professionals analyze records to ensure clients are compliant with laws and standards.

These experts are usually brought in to uncover omissions, outright fraud, or errors. They often work in litigation support or investigation but there are some cases where they serve as expert witnesses in court.

3. Auditor

When becoming an accountant, you might choose to be an auditor. These are accuracy experts that help businesses and nonprofits. They will conduct an audit annually to ensure precise records.

An auditor is often brought in through an outside organization to analyze numbers without bias. These accounting professionals can handle the following tasks:

  • Examining financial statements
  • Inspecting account systems and books
  • Organizing and maintaining fiscal records
  • Assessing financial operations
  • Providing recommendations for improvement

A Professional Bookkeeper™ certification might be necessary to become an auditor. Further education is needed if you want to specialize in a particular industry.

4. Management Accountant

Accounting jobs might benefit an overall business or help business leaders know the status of an organization’s financial health. A management accountant can provide this information so managers can make future decisions.

Some of the duties a management accountant will complete are:

  • Handling and planning a budget
  • Reporting external financing
  • Risk management
  • Performing a profitability analysis

These experts possess technical accounting skills that required a Bachelor’s degree and certification.

5. Cost Accountant

Another one of the accounting careers to choose from is becoming a cost accountant. These professionals can help businesses improve their efforts to save money.

A cost accountant is responsible for examining company supply chain expenses to create a budget and conduct a profitability analysis. Those with strong statistic and math skills are the best fit for this role.

The Different Types of Accountants: Which Do You Want to Be?

Before starting your career in accounting, it’s important to know the different options you have. By understanding the different types of accountants, you’ll be better equipped to choose a career path that fits you.

A Bachelor’s degree in accounting or finance can lead to several opportunities, including those that expand beyond taxes. Through more research, you’ll find a position that aligns with your skills.

Looking for more informative articles like this? Check out the other posts on our blog.