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Accounting

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Payton kennerly

on 26 March 2014

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Transcript of Accounting

Accounting
History
As old as civilization
"Accounting" came from the french word "Compter"
Ancient Roman military started the accounting concept
Participated in the development of cities, trade, and the concepts of wealth and numbers.
What Accountants Do
Every business needs an accountant
Analyze financial information
Prepare financial reports and determine
-Salaries
-Profit and loss
-Income
Make sure bills are paid on time
Prevent embezlement
Education
4 Year College
Bachelor's Degree
-Most employers require at least a Bachelor's Degree, some are looking for Master's Degree.
To become a CPA, you must have 150 credit hours, 1600 hours of work experience, and pass the CPA exam
Bookkeeping and paraprofessional jobs require an associate's degree.
Education: Colleges
30 public colleges and universities offer an accounting degree program in PA
90 private colleges and universities offer an accounting degree program in PA


Societal Changes
Technology
-Calculators,Desktop Computers, Facsimile Machines, Notebook Computers, Personal Computers
Internet: ebusiness
-Send information quickly
Accounting software made everything easier, faster, simpler.
Job Outlook
Accounting will always be around
Supposed to increase 16% in the next 10 years
1.2 million accountants and auditors in 2010
Some can work at home
Internships
Types of Accountants
Public Accountants
CPA's (Certified)
Management Accountants
Government Accountants
Internal Accountants
Salary
Public Accountants: Median Salary-$50,500
CPA: Median Salary-$73,800
-Top 10%: $124,000
Work full time
-40 hour work week, varies at different time of the year
More experience=More money
Salary increases year to year
("Pennsylvania Accounting Schools." )
(Business and Financial )
(Accounting Program Career Facts)
(bls.gov)
(Accounting)
(Accounting Program Career Facts)
(Accounting)
(Accounting Program Career Facts)
(Accounting)
(www.degreecentral.com)
(www.simplestudies.com)
(Business and Financial )
(Accounting Program Career Facts)
Works Cited
"A Balanced Account." A Balanced Account. N.p., n.d. Web. 19 Mar. 2014. <http://cocpa.wordpress.com/2013/01/03/whats-the-difference-between-a-certified-public-accountant-and-a-public-accountant/>.
"Accounting." Career Details: Accounting. XAP Corp , n.d. Web. 8 Jan. 2014. <http://www.nationappcenter.com>.
"Accounting Careers: Best Part + Becoming a CPA." YouTube. YouTube, 11 Sept. 2011. Web. 17 Mar. 2014. <http://www.youtube.com>.
"Accounting Program Career Facts." Accounting . Lansing Community College, n.d. Web. 24 Jan. 2014. <http://lcc.edu/>.
"Business and Financial ." Accountants and Auditors. U.S. Bureau of Labor Statistics, 31 Aug. 2012. Web. 12 Dec. 2013. <http://www.bls.gov/>.
"Certified Public Accountant (CPA) Salary." CPA Salary. Bisk CPA Review , n.d. Web. 20 Mar. 2014. <http://www.cpaexam.com/certified-public-accountant-salary/#.UyrfW_ldWSo>.
"Elizabethtown College -Advising FAQs." Elizabethtown College -Advising FAQs. Elizabethtwon College, n.d. Web. 19 Mar. 2014. <http://www.etown.edu/depts/business/advising/advising-faq.aspx>.
"Learn About Earning an Accounting Degree." Accounting Degree Today RSS. Pennsylvania Accounting Schools, 15 May 2011. Web. 17 Mar. 2014. <http://www.accountingdegreetoday.com>.
"Pennsylvania Accounting Schools." Everest Online Latest News and Events. Accounting Degree Today , 1 Jan. 1997. Web. 24 Jan. 2014. <http://news.everestonline.edu/>.
"Pennsylvania CPA Licensing." Pitt Business. University of Pittsburgh , n.d. Web. 19 Mar. 2014. <http://www.business.pitt.edu>.
Prudchenko, Kate. "The Best High School Math for Accounting Majors." Everyday Life. Demand Media, n.d. Web. 18 Mar. 2014. <http://everydaylife.globalpost.com/high-school-math-accounting-majors>.
"University Bulletin." : Undergraduate Degree Programs: Baccalaureate Degree Programs. University Bulletin, 9 Apr. 2013. Web. 19 Mar. 2014. <http://bulletins.psu.edu/undergrad/programs/baccalaureate>.


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Education: High School
Recommended High School classes to take
-All Algebras (I and II)
-Pre-Calculus
-Calculus
Introduce students to linear equations, variables, radicals, slope of the line, and different equations
Works Cited
(The Best High School Math for Accounting Majors)
$32,668
$32,102
$20,710
(Share information with stockholders)
(Pennsylvania CPA Licensing)
CPA vs Public Accounting
Public Accountants don't have to go to school
-Must be 18 years old
-Register and pass a test with the IRS
They can only prepare tax returns
Less Pay
Certified Public Accountants need schooling
-Must earn a degree
-Must pass all four parts of the CPA exam with a 75%
-Have 1,600 hours of work experience
(A Balanced Account)
(Certified Public Accountant (CPA) Salary)
Full transcript