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CPA's Have a World of Opportunities. CPA’s are Leaders CPA’s are Advisors CPA’s are Educators CPA’s are Managers Respected People in Your Community. What are CPA’s?. Professional Services Work for several different companies Provide audit, tax and consulting services Travel
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CPA’s are Leaders CPA’s are Advisors CPA’s are Educators CPA’s are Managers Respected People in Your Community What are CPA’s?
Professional Services Work for several different companies Provide audit, tax and consulting services Travel Top position is typically a partner in a firm Private Industry Work for one company or organization Travel varies Top positions consist of Controllers, Chief Financial Officers, Presidents of company Professional Services vs. Private Industry
What does “Private Industry” include? • Manufacturing • Retail • Insurance & banking • Healthcare • Not for profit • Government/Schools • Individuals • Information Technology
Topics of Discussion • Traditional Roles • Unique Occupations • Growth Opportunities • Salary Comparison • Requirements
Traditional Roles • Auditing • Accounting and Consulting for Business • Tax Accounting, Preparation, and Planning • Financial Planning • Payroll Tax Reporting • Sales Tax Reporting • Financial Reporting
Unique Careers in Government • Securities and Exchange Compliance • FBI • Government Auditing • County Tax Assessor • Sales and Use Tax • Parks and Recreation • State and Local Government
Other Unique Careers • Entertainment Accounting • International Auditing • United Nations Accounting • World Bank Accounting • Risk Management • Non-profit such as Red Cross • Education • Accounting for a professional sports team
Technology Careers • Software Consulting • E-Business • Developing and Testing Systems • Change Management • Security of Systems • Maintaining Accounting Systems • Project Management
Growth Opportunities • CPA’s Become the Leaders of Their Companies • Many Become the CFO’s and CEO’s of Large and Small Companies • They are Trusted Business Advisors • Growth is Possible to the Top **People with college degrees usually have greater growth opportunities
Salaries for CPA’s(Source: 2009 Robert Half Salary Guide) Public Accounting Firms 0 – 3 years exp.4 – 6 years exp. Large Firm $48,750 - $69,250 $66,250 - $86,750 Medium Firm $42,500 – $62,500 $59,250 - $79,750 Small Firm $41,000 - $56,000 $53,750 - $69,750
Salaries for CPA’s(Source: 2009 Robert Half Salary Guide) Corporate Accounting 0 – 3 years exp.4 – 6 years exp. Large Company $38,000 - $67,500 $55,750 - $87,250 Medium Company $37,750 – $58,000 $50,750 - $77,250 Small Company $33,500 - $52,750 $46,500 - $64,000
CPA vs. Bookkeeper • CPA • Bachelor’s or Master’s Degree in Accounting • Must pass CPA exam, other requirements • Starting wages • Bookkeeper • Two year education or less • Does not require CPA exam • Starting wages
What are the requirements? • Educational Requirement • 150 semester hours (225 qtr hrs) of college course work • A baccalaureate degree & a minimum of 30 semester (45 qtr hrs) in accounting above entry level and 24 semester (35 qtr hrs) in general business • Experience Requirement • Two years in public accounting • Five years in private industry
What are the requirements? (Continued) • Pass the CPA Exam • New Format of the Exam • Computer based instead of paper exam • Exams given quarterly during 2 months of each quarter • More focus on IT and general business knowledge • Continued CPE
Employers look for: • Involved in activities • Professional • Good communication skills • Personable • Detail oriented • Strong academically • Overall business awareness • Leaders
What you can do now . . . • Assess: What do you like to do? • Assess: What are you good at? • Leave yourself opportunities by… • Maintaining your GPA • Involvement in activities--participate! • Do what you’re passionate about • Choose relevant courses such as: • Bookkeeping/Accounting • Written Communications • Computer Applications • Oral Communications
What you can do now . . . • Research and apply to advantageous colleges & universities • Visit an office of an accounting professional • Speak to a member of professional organizations • Participate in a Job Shadow Program
Sources of Information • Georgia Society of CPAs - www.gscpa.org • American Institute for CPAs – www.aicpa.org • CPA Exam – www.cpa-exam.org Georgia Secretary of State Professional Licensure - www.sos.state.ga.us • National Association of State Boards of Accountancy – www.nasba.org