KPMG A Career in Accounting Accounting means in which all companies track and report on their financial performance and their internal process systems It is the foundation for operating and managing all types of businesses Why study accounting To become a CPA To provide a foundation to help you gain an understanding of different types of companies It s universal highly marketable specialized skill It s a superhighway for opportunities as you think about what career best suits you Accountants are Professionals Trusted business advisors Technical specialists Project managers Analysts and decision makers Strategic thinkers Problem solvers Users of innovative technology Financial consultants Writers presenters Ethical Team oriented information Communication and leadership Strategic and critical thinking Customer client market focus Technologically adept Career Paths Public Accounting Corporate Industry Accounting Business Entrepreneur Government Non Profit Education Teaching Core skills of future accountants Ability to interpret and provide context to financial and non financial Three independent businesses Audit Tax and Advisory Operating within a globally consistent set of core values ethical and compliance standards and business practices Working with some of the worlds largest corporations Public Accounting Providers Big 4 Deloitte Ernst Young KPMG PWC Audit Tax Advisory Services As an Example KPMG National Regional and Local Firms Services Public Accounting On the Job Reviewing financial statements Assessing risk Testing system reliability Evaluating business assets Tax planning and consulting Investigations Merger and Acquisitions Measuring performance Analyzing operations Financial planning Benchmarking against competition Managing information real time Teaching Researching A Career in Public Accounting what s in it for you An understanding of clients businesses Broad business and industry experience Internship Opportunities Performance based salary Growth path for career advancement Increased functional technological and interpersonal skills development Integrated teamwork Diverse workforce Work Life balance Matching Majors Tax Federal Tax Bachelor s Internship Master s in Accounting or Tax fulltime Economic and Valuation Services Bachelor s in Economics Finance Business International Business Mathematics or Statistics MBA a plus International Executive Services Bachelor s internship Master s in Accounting or Tax Fulltime Foreign language a plus International Corporate Services LL M JD or Master s in Tax State and Local Tax LL M JD or Master s in Tax or Accounting Matching majors Advisory CFO Advisory Bachelor s or Master s in Accounting Accounting Information Systems Management Information Systems Information Systems or Finance Double major in Accounting and Finance a plus Forensic Bachelor s or Master s in Accounting Finance or Business Computer Information Systems Management Information Systems Transaction Services Bachelor s or Master s in Accounting and or Finance Business or economics Internal Audit Regulatory and Compliance Services Bachelor s or Master s in Accounting Bachelor s in Business or Finance MBA CIA CISA is preferred IT Advisory Services Bachelor s or Mater s in Management Information Systems Database information systems Bachelor s in Accounting with and Information Technology Minor Financial Risk Management Bachelor s or Master s in Finance or Economics or MBA Bachelor s or Master s with a concentration in Accounting or Finance Bachelor s in Actuarial Mathematics or Statistics Operations Risk Management Bachelor s or Master s in Operations Research Finance or Management Information Systems MBA with supply chain background Lessons to Help Early investments in your career compound just like financial investments Your work product is like a picture it tells more about you than what you say People skills Commitment to quality Success Do not make decisions or say things that you wouldn t want your parents to rad about Adopt good behaviors traits from those around you Work on your weaknesses You can have a balanced life as well as a career Do the right thing the right way Helping someone else succeed is more rewarding then the money or the promotions Ethics refers to rules that govern behavior Business Ethics refers to rules that govern behavior in commercial activity Quotes Motives The Profit Motive There is one and only one responsibility of business to use it s resources and engage in activities to increase profits Milton Friedman Doing the Right Thing A business that makes nothing but money is a poor kind of business Henry Ford Too Far in One Direction Greed is good Greed is right Greed cuts through clarifies and captures the essence of the evolutionary spirit Gordon Gekko Fictional CEO Or the other The theory of communism may be summed up in one sentence Abolish all private property Karl Marx Are Rules Enough Rules cannot substitute for character Alan Greenspan Before you Decide or Act CARE Process before decision Consider Assess Review Evaluate Process before action Consistency Accountability Rationality Equity
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