Public versus Private Accounting

Paper Summary:

This paper discusses factors that need to be taken into account when deciding between public and private accounting as a career choice. It looks into the five areas of work that an accountant will be involved in, namely auditing, budget analysis, financial, management accounting and taxes. It then goes on to describe some of the differences between working in a private or a public accounting job.

From the Paper:

"The path of an accountant in a private firm is a bit different. Most new accountants starting in private firms work in the controller's office. Similar to public accountants, new accountants working in private firms will start off assisting senior employees with tasks while they work on developing skills, experience and professional certification. Subsequently, veteran accountants in private firms tend to do work analyzing the financial status of the company for which they are working. This type of work can include budget analysis and asset and cost management ("Occupational Outlook")."

Sample of Sources Used:

• "Ask Andy." American Institute of Certified Public Accountants. 2005. 5 Dec. 2005 <http://www.aicpa.org/nolimits/prof/askandy/QuestionAnswer.asp>.
• Bloom, Robert. "'The Future of the Accounting Profession' Report." CPA Online. Nov. 2005. New York State Society of CPAs. 5 Dec. 2005. <http://www.nysscpa.org/cpajournal/2005/1105/perspectives/p6.htm>
• "Careers in Accounting: Options." Careers in Business. 2003. 5 Dec. 2005< http://www.careers- in-accounting.com/acoptions.htm>.
• DeZube, Donna. "A Passport to the World of Business: Accounting Careers and Paths." Young Money. 5 Dec. 2005. <http://www.youngmoney.com/careers/monstertrak/career_fields/005>.
• "Occupational Outlook: Auditing and Accounting." Occupational Outlook Handbook. 2003. Federal Bureau of Labor Statistics. 5 Dec. 2005 <http://www.bls.gov/oco/ocos001.htm>.

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