About 'gaap jobs'|HP beats the Street in Q2; confirms plans to cut 27,000 jobs as Q3 guidance misses
As a retired Accountant from a public school system with 25+ years of experience, I have five tips from hindsight that may be helpful, should you be considering an accounting career in this field. Accountancy is a respectable job and pays a decent salary, especially if you have at least a BS (4 year) degree in accounting/business administration. If you become a certified public accountant (CPA), you can expect a 10 to 15 percent increase! Most school districts do not require their accountant to be a CPA, though it probably will be required in the near future. Tip #1 - Personality Traits of an Accountant Obviously, an accountant must enjoy working with numbers, as that is 90% of the job; journal entries, balance sheets, income statements, expense reports, grants, and everything else deals with numbers. An accountant must be detail-oriented! The ability to analyze numbers, build and manage numerous local, state, and federal budgets or funds, each within certain parameters, is a key requirement! Critical thinking will be useful also Patience is truly a virtue when working as an accountant within a school district. Many forms you need to do your job will come from a variety of people and school locations. It must be a team effort (in a perfect world) to successfully manage a finance office. I have news for you…there is no perfect world! Other traits preferred include dependability, honesty, determination, willingness to continuous learning, tolerance to change. Tip #2 - Skills Needed for Accountants A successful accountant will be efficient in computer skills, calculator use, and other office equipment. Math skills are critical. Good communication skills, written and oral are required to explain details, instructions, procedures, and results to many levels of employees within the school network, including auditors. Trouble-shooting, detecting, and correcting error skills will also prove helpful on a daily basis. The ability to deal with major stress is important also! Tip #3 - Keep Up-to-Date on Various Changes as Necessary There will be annual changes in rules and procedures at the school district, local, federal, and state levels that you must adhere to, to meet annual audit regulations. You will also be required to attend classes, workshops, etc. to learn new or improve on job skills as required. Tip #4 - Know the GAAP (Generally Accepted Accounting Principles) Every accountant must have the ability to study and adhere to the yearly generally accepted accounting principles (GAAP) in order to pass an independent audit. GAAP's change at minimum yearly, and are the framework that standardizes and regulates accounting definitions, assumptions, and methods, providing the assumption of consistency in the preparation of annual audits and financial statements from year to year for comparison purposes. Tip # 5 - If You Dislike Accounting- Get Out This tip is crucial to your health and well-being. If you acquire an accounting position, and within a few weeks, months, to a year and discover you do not enjoy going to work every day, please do not linger in your position for years! No matter what salary you make or what the expectations of family and friends are, go ahead and seek another career. The consequences of working in a position that requires more of you than one person can do, will lead to depression, burn out, high stress levels and will risk your health. It is not worth it! Being happy, passionate, and feeling as though you are making a difference is what matters most in your chosen work! References: embedded 27 years experience as an Accountant for a Public School System |
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