Chapter TwelveSmall Business Accounting Projecting and Evalua.docx
Presentation
1. ABSTRACT
Introduction. Accounting is the principles and
methods involed to identify, record,and
communicate the economic events of an
organizatian. Accounting prapare and examine the
financial reports that provide current and recent
informatiaon for bussines, govermment agencies,
and other organization.
Public Accounting. In public accounting, accountants
work for themselves or for an accounting firm.
Public accountants perform audits by insepecting
the client’s internal operation, records, document,
and company employees.
2. The salary for public accountants ranges from
$38,600-62,400. Certified public acoounting earn
about 10 percent more than those short of a
cetificate.
Managenerial Accounting. In managerial accounting,
accountants work of a singel company. Managerial
accountants report the financial activities and
operations internally for planning, controlling, and
decision making. Managerial accountants’ salaries
range from $36,000-55,000 depending on years of
experience.
3. Governmental Accounting. In govermental accounting,
accountants are employed by governmental agencies.
The salary for governmental accountants ranges from
$20,600-62,500, depending on standart pay scales.
Working Conditions. Accounting generally work 35-40
hours a week. Accounting is normally a deks job in an
office setting and/or at client’s office. Many accounting
professionals have travel opportunities.
Job Outlook. The growing complex tax laws tacking the
bussines society is creating a greater than before
demand for tax accountants. Therefore, job openings
for accountants will grow faster than average,although
competition for jobs is keen. The amount of business
establishment will increase as the economy grows,
needing more accountants to assist these businesses.
4. Conclusion. Public, managerial, and governmental
accounting is three different subdivisions apart of a
broad field known as accounting. Public
accountants perform audits, assist in management
planning, and prepare tax returns. Managerial
accountnts prepare reports of financial activities
and bussines operations, aid bussines decision
making, and perform internal audits. Government
accountants maintain and inspect financial records.