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Accounting…

Is It For You?

Presented by:

Author of Presentation

What is Accounting?

• A business language

• A set of rules to record business transactions in a consistent manner

• The basis of business operations

• Constantly changing

What Are CPAs?

• CPAs are Leaders

• CPAs are Advisors

• CPAs are Educators

• CPAs are Managers

• CPAs are Respected People in your Community

Professional Services vs. Private

• Professional Services

Industry

 Work for several different companies

 Provide audit, tax and consulting services

 Travel

 Top position is typically a partner in a firm

• Private Industry

 Work for one company or organization

 Travel varies

 Top positions consist of Controllers, Chief Financial Officers and

Presidents

Professional Services

• Large Professional Services Firms (“Big Four”)

 Deloitte & Touche

 Ernst & Young

 KPMG

 PricewaterhouseCoopers

• Regional Professional Services Firms

 BDO USA

 Grant Thornton

 Baker Tilly

• Career Path

 Audit, tax & business consulting

 Service lines within each

 Levels of advancement

What Do “Private Industry” Include?

• Manufacturing

• Retail

• Insurance & Banking

• Healthcare

• Not-for-Profit

• Government & Schools

• Individuals

• Information Technology

Topics of Discussion

• My personal CPA experience

• Unique occupations

• Traditional roles

• Growth opportunities

• Salary compensation

• Requirements

Why Did I Choose Accounting?

• Very challenging

• People-oriented profession

• Highly respected profession

• Flexibility

• High demand for accountants

• Financial rewards

• Job satisfaction

• Desire to understand and resolve business issues

My Personal Experience

• Related jobs

• Fun

• Growth

• Challenges

• Why I am a CPA

Career Options

Pizza eating. Whale watching. Punk rocking.

Whatever your interest, you can turn it into a career in accounting.

Entertainment: Have the itch to work in Hollywood?

Technology: If you live on the cutting edge

Sports: Behind every sports team, network and event are the accountants and CPAs making it happen.

Government: Seriously, what does our country do with all that money?

Nonprofit & Education: The world needs more do-gooding accountants and CPAs.

Criminal Investigation: Were you born to bust bad guys?

Environment: Even the business world has room for the eco-friendly.

Travel: Are your bags are always packed for your next destination?

Food & Fashion: Love to eat, shop and be merry?

Careers in Government

• Securities and Exchange Compliance

• FBI

• Government Auditing

• Country Tax Assessor

• Sales and Use Tax

• Parks and Recreation

• State and Local Government

Technology Careers

• Software Consulting

• E-Business

• Developing and Testing Systems

• Change Management

• Security of Systems

• Maintaining Accounting Systems

• Project Management

Other Unique Careers

• Entertainment Accounting

• International Accounting

• United Nations Accounting

• World Bank Accounting

• Risk Management

• Non-Profit (such as Red Cross)

• Education

Traditional Roles

• Auditing

• Accounting and Consulting for Business

• Tax Accounting, Preparation and Planning

• Financial Planning

• Payroll Tax Reporting

• Sales Tax Reporting

• Financial Reporting

Growth Opportunities

• CPAs become the leaders of their companies

• Many become the CFOs and CEOs of large and small companies

• They are trusted business advisors

• Growth is possible to the top

Average Salaries for College Graduates

** Keep in mind if you also have a CPA license, you’ll make

10-15% more when you start out. **

Employer

Public Accounting (large firm)

Public Accounting

(medium firm)

Public Accounting (small firm)

Corporate Accounting

(large co.)

Corporate Accounting

(medium co.)

Corporate Accounting

(small co.)

Jr. Level (0 - 3 yrs.)

$48,750-$69,250

$42,500-$62,500

$41,000-$56,000

$38,000-$57,250

$35,750-$53,250

$33,500-$49,000

Sr. Level (4 - 6 yrs.)

$66,750-$86,000

$59,250-$79,750

$54,000-$69,750

$55,750-$73,500

$50,750-$65,500

$46,500-$58,750

Upper-level Salaries For

Managers in

Corporate Accounting

Position

Chief Financial Officer

Corporate Controller

Tax Manager

Large Co.

Small to Medium Co.

$183,250-$384,000 $94,250-$175,750

$122,000-$180,000 $80,500-$134,750

$92,250-$130,250 $74,250-$100,250

**Geographic region, experience, education, CPA certification and company size each play a role in determining salary**

CPAs are Needed EVERYWHERE!

Here’s what you can expect to be paid where you live:

Boston

New York

Miami

Chicago

Denver

San Diego

Dallas

$55,250-$68,900

$59,925-$74,730

$48,025-$59,890

$52,275-$65,190

$43,560-$54,325

$49,725-$62,000

$44,625-$55,650

What Are the Requirements?

• Pass the CPA exam

 CPA Exam Book

• Complete Work experience/requirements

• Continued Certified Professional Education

We Look for People Who Are…

• Involved in activities

• Professional

• Good communication skills

• Personable

• Detail-oriented

• Strong academically

• Overall business awareness

• Leaders

PICPA

• A CPA license can open the door to unlimited career opportunities. PICPA provides resources for high school and college students, recent grads, and educators on a variety of accounting topics that will help you discover what your next step will be.

• Resources & Tools

Questions?

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