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Accounting. What Accountants Do. Types of Accountants. Public Accountants Auditors Tax Consultants Business Consultants Management Accountants External Reporting (financial statements, etc.) Decision Support. Types of Accountants ( cont ). Internal Auditors Government Accountants SEC
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Accounting What Accountants Do
Types of Accountants • Public Accountants • Auditors • Tax Consultants • Business Consultants • Management Accountants • External Reporting (financial statements, etc.) • Decision Support
Types of Accountants (cont) • Internal Auditors • Government Accountants • SEC • GAO • CBO • State, County, City • Not-for-profit firms (hospitals, etc.) • Forensic Accounting • Public firms • FBI, etc.
Professional Statistics • Tech placement rates 2011-12 • MSA 100% • BBA 95% • Average starting salary • MSA $55,000* • BBA $47,000 • Markets: • DFW -- San Antonio -- New York • Houston -- West Texas -- London • Austin -- Chicago -- Other
Auditors “Attest” to fairness of public company financial statements Review internal controls to evaluate reliability of accounting systems Review other internal and external processes of company and make recommendations to management Auditors work for shareholders and others who use financial information provided by the company
Tax Consultants Compliance and Reporting Research Planning Analysis of Deals
Consulting Acquisitions Relocation Projects Analysis
Management Accounting Financial & Regulatory Reporting Internal Analysis of Costs & Revenues Establish & Maintain Internal Controls
Internal Auditing Evaluating Risk Confirming Information Analyzing Operations Reviewing Compliance Recommending Controls Assuring Safeguards
Government Accounting Oversight Investigation Information Reporting Regulation
Forensic Accounting Reconstruction of past events Private investigation of fraud and potential fraud Litigation support Criminal investigation (FBI, IRS, etc.)