What jobs will a Master of Accounting graduate be able to pursue?
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This list is in not meant to be comprehensive. It is meant to give you a sampling of the career opportunities available in the field of accounting.
Accountant: Accountants are responsible for financial statement account review and analysis, preparing and maintaining account reconciliations, and production of timely internal financial statements, and reports and expense accruals. You will maintain the general ledger and perform account reconciliations. You will prepare bank reconciliations for all company bank accounts, reconcile monthly investment reports provided by investment manager/custodian and prepare necessary journal entries to record and allocate activity to the various funds, record property tax accrual and reconcile with the county charges, and assist with preparing the company’s SEC filings. You will serve as an audit liaison to the external auditors and ensure all appropriate controls are being followed and accurate reporting is being done for areas of responsibility.
Advisory Services Associate: The overall goal of advisory services is to help manage risk, transform business performance, and sustain improvement. As an advisory services associate, you will assist in problem-solving and fact-finding, working side-by-side with more experienced team members who can provide you with direction, coaching, and learning opportunities. You will have the opportunity to be exposed to various business lines, including the litigation and fraud investigation practice, business restructuring services, and risk advisory services. Typical responsibilities vary within business lines, but associates may be exposed to responsibilities such as assisting with engagements, preparing financial memorandums, documenting and analyzing client processes, risks and controls, and reviewing financial statements.
Assurance Associate: The audit practice provides independent assurance to clients on the financial performance of their businesses and the internal control that governs their financial information. Your role will be to ensure that the financial information that clients report to the investing public and other stakeholders is clear and reliable. You will provide financial statements and internal control audits, as well as services such as benefit plan audits, business and performance reporting, and social, environmental, and other compliance reviews.
Audit Associate: An audit associate is primarily responsible for performing audit procedures in the areas of cash, receivables, inventory, fixed assets, payrolls, and expense analyses. You will also review and audit business transaction cycles, including cash, treasury, capital expenditures, and other income and expenses. You will research audit issues utilizing electronic data bases as well as review and track financial information utilizing audit-related software. You are expected to inform the senior staff promptly of problems encountered, provide explanations and research audit issues, provide on-the-job training to less experienced staff, and maintain a good working relationship with the client.
Certified Public Accountant (CPA): As a CPA, you will assist in significant tax planning issues and prepare and review corporate and individual tax returns. You will research tax situations as needed, demonstrate an understanding of tax concepts, and effectively apply tax knowledge to client situations. You will participate in client meetings and work within a team environment to deliver fully integrated services to clients, as well as advise companies and individuals on tax implications in order to obtain an optimal tax minimization strategy.
Controller: The controller is responsible for producing the portfolio report and balance analysis for an organization. These monthly reports often require comparison against the prior fiscal years. You also may be responsible for creating a detailed budget for each asset that the organization owns.
Corporate Finance Management Associate: A finance management associate supports the performance of business units and customer segments by developing models and performing analysis of financial business strategies, delivering reporting of financial information, and forecasting financial trends and profitability analysis. You may also support the performance of the corporation by preparing external reports for shareholders and regulatory authorities, developing models and performing analysis of corporate performance, providing guidance on accounting policy issues, preparing corporate tax filings, and researching tax laws.
Corporate Tax Associate: As a corporate tax associate, you will assist in the preparation of business entity (C Corps, S Corps, and Partnership) tax returns, assist in the preparation of individual tax returns, conduct tax research, and assist in the execution of tax consulting/advisory projects.
Financial Analyst: The main responsibility of a financial analyst is to prepare accurate financial statements for the organization. This requires managing the general ledgers of each entity within the organization and reconciling various accounts. The financial analyst also plays a key role in developing relationships with external constituents in order to help the operations team achieve its goals and increase the profitability of the organization.
Tax Associate: Tax associates work closely with their clients. You will work with all types of organizations, including financial services, technology, consumer products, pharmaceuticals, and entertainment and media. As your career progresses, you will develop specialized skills and experiences in a particular tax area, whether it’s federal, state and local, international, transfer pricing, or mergers and acquisitions.
Tax Consultant: Clients want tax advice they can count on and reliable counsel to guide them through complex and ever-changing tax rules. That is the kind of support you will provide them as a tax consultant. You will help clients define the right overall tax position, designed to save them money, while meeting their larger business goals. You will keep a year-round eye on new and pending federal, state, and local tax laws, alert clients to changes that may affect them, and help them respond.