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University of Toledo College of Business Administration Department of Accounting George Mutter, Visiting Instructor.

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Presentation on theme: "University of Toledo College of Business Administration Department of Accounting George Mutter, Visiting Instructor."— Presentation transcript:

1 University of Toledo College of Business Administration Department of Accounting George Mutter, Visiting Instructor

2 Accounting Degrees  Associate Degree in Accounting Technology –2 year Degree  Bachelor of Business Administration (BBA) in Accounting –4 year degree  Masters of Science in Accountancy (MSA) –30 semester hour program

3 University of Toledo’s Gamma Epsilon Chapter chartered in 1966 Founded in 1919 at the University of Illinois, Urbana. Premier professional business and financial information fraternity Recognizes academic excellence Provides interaction among students, faculty, and professionals Beta Alpha Psi

4 Where Accountants Work  Public Practice  Business/Industry  Government  Non-Profit Organizations  Colleges/Universities

5 Careers in Accounting  Corporate Accounting  Audit  Assurance Services –(E-Commerce, risk assessment, IS assessment)  Environmental Accounting –Environmental compliance issues  Forensic Accounting –Searches for evidence of criminal conduct  Information Technology Services  International Accounting  Consulting Services  Personal Financial Planning  Tax advisory Service  Accounting Educators

6 Becoming a CPA Education Accounting degree 150 semester hours Exam Apply to sit based on state requirements Pass all 4 parts with a 75% or higher Experience 1-2 years in accounting Under a CPA Most requirements are determined by the state/jurisdiction in which you hope to practice. In general, this is a summary of the steps to CPA licensure.

7 Becoming a CPA  Education requirements –A baccalaureate degree and 150 semester hours 30 semester hours in accounting 24 semester hours in business courses other than accounting  Exam Requirement –4 sections (Business, Audit, Regulation and Financial)  Experience Requirement –1-2 years under a CPA  Reciprocity between states

8 Accounting is consistently one of the hottest jobs for new graduates, according to the National Association of Colleges and Employers. Figure 1: Top Jobs for the Class of 2009 Job FunctionStarting Salary Offer Teaching$35,496 Management Trainee$41,353 Financial/Treasury Analysis$52,043 Consulting$56,472 Sales$41,577 Accounting (Public)$49,437 Accounting (Private)$45,859 Software Design & Development$63,798 Registered Nursing$45,229 Project Engineering $58,570 according to the National Association of Colleges and Employers. Figure 1: Top Jobs for the Class of 2009 Source: AICPA

9 Positions in Demand By Robert Half International Tax Accountants Achieve bottom-line savings Starting salaries $33,596 - $40,532 Financial Analyst Financial plans, forecasts, budgets and identifying ways to improve profitability Senior and Staff Accountants Manage ongoing accounting needs Starting salaries $30,562 - $37,498 1-3 years experience $34,897 - $46,601 Business Analyst Translate operational and competitive data to improve decision making

10 Recent salary ranges in accounting are: Big 4 FirmOverall Typical Experience Entry Level$55,000$50,000 - 70,000First year Junior Staff Accountant$46,000 - 63,000$40,000 - 80,0001-2 years Senior Staff Accountant$65,000-95,000$70,0003-5 years Manager$65-140,000$85,0005-7 years Senior Manager$72-160,000$115,0007 years plus Partner$200,000 - 3,000,000$150,00010 years plus Recent salary ranges in accounting are: http://careers-in-accounting.com/acsal.htm

11 Questions?


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