Accounting 1 Bellwork 3 rd hour: Make a list of at least three traits that describe your personality.

Section 2 Accounting Careers: The Possibilities Are Endless! What You’ll Learn  The variety of career opportunities available to accountants.  The types of businesses and organizations that hire accountants. What You’ll Learn  The variety of career opportunities available to accountants.  The types of businesses and organizations that hire accountants.

Why It’s Important Explore all the careers available in accounting! You wouldn’t want to miss a great opportunity just because you didn’t know it existed. Why It’s Important Explore all the careers available in accounting! You wouldn’t want to miss a great opportunity just because you didn’t know it existed. Key Terms  accountant  for-profit business  not-for-profit organization  accounting clerk  certified public accountant  public accounting Key Terms  accountant  for-profit business  not-for-profit organization  accounting clerk  certified public accountant  public accounting Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

The Changing Horizon An accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports. The Changing Horizon An accountant handles a broad range of responsibilities, makes business decisions, and prepares and interprets financial reports. Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Accounting Professions in For- Profit Businesses For-profit businesses operate to earn money for their owners. Accounting Professions in For- Profit Businesses For-profit businesses operate to earn money for their owners.  entertainment industry  retailers  sports industry  computer technologies  entertainment industry  retailers  sports industry  computer technologies Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Accounting Professions in Not-For-Profit Organizations Not-f or-profit organizations balance their income with expenses rather than earning a profit for owners or investors. Accounting Professions in Not-For-Profit Organizations Not-f or-profit organizations balance their income with expenses rather than earning a profit for owners or investors.  United Way  The Sierra Club  Boy Scouts of America  Government agencies  United Way  The Sierra Club  Boy Scouts of America  Government agencies Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Accounting Professions in Public Accounting Firms Public accounting firms provide accounting services to their clients. Accounting Professions in Public Accounting Firms Public accounting firms provide accounting services to their clients.  Arthur Andersen  Deloitte and Touche  Ernst & Young  KPMG Peat Marwick  Coopers & Lybrand/Price Waterhouse  Arthur Andersen  Deloitte and Touche  Ernst & Young  KPMG Peat Marwick  Coopers & Lybrand/Price Waterhouse Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Accounting Clerk: An entry level job usually performing one or two accounting tasks. Certified Public Accountant: Or CPA, pass a national test and meet specified experience and education standards to become “Certified” to practice accounting. Public Accounting: Can be small or large-from a local business specializing in personal tax returns to an international firm. Accounting Clerk: An entry level job usually performing one or two accounting tasks. Certified Public Accountant: Or CPA, pass a national test and meet specified experience and education standards to become “Certified” to practice accounting. Public Accounting: Can be small or large-from a local business specializing in personal tax returns to an international firm. Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Check Your Understanding In business many decisions revolve around costs and potential earnings. For example, accountants might help create a picture, in numbers, of a proposed new product line, or they might be asked to suggest ways a company could cut its production costs. In addition to skill with numbers, what other skills do you think an accountant needs? Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)

Check Your Understanding Assignment: p17: Thinking Critically 1 & 2 Problem 1-3, Checking Out Accounting Careers Math Worksheet: Chapter 1 Diagnostic Test Assignment: p17: Thinking Critically 1 & 2 Problem 1-3, Checking Out Accounting Careers Math Worksheet: Chapter 1 Diagnostic Test Section 2 Accounting Careers: The Possibilities Are Endless! (con’t.)