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Accounting… Is It For You? Presented by: Author of Presentation.

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1 Accounting… Is It For You? Presented by: Author of Presentation

2 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

3 What Are CPAs? CPAs are Leaders CPAs are Advisors CPAs are Educators CPAs are Managers CPAs are Respected People in your Community

4 Professional Services vs. Private Industry Professional Services  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

5 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

6 What Do “Private Industry” Include? Manufacturing Retail Insurance & Banking Healthcare Not-for-Profit Government & Schools Individuals Information Technology

7 Topics of Discussion My personal CPA experience Unique occupations Traditional roles Growth opportunities Salary compensation Requirements

8 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

9 My Personal Experience Related jobs Fun Growth Challenges Why I am a CPA

10 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?

11 Careers in Government Securities and Exchange Compliance FBI Government Auditing Country Tax Assessor Sales and Use Tax Parks and Recreation State and Local Government

12 Technology Careers Software Consulting E-Business Developing and Testing Systems Change Management Security of Systems Maintaining Accounting Systems Project Management

13 Other Unique Careers Entertainment Accounting International Accounting United Nations Accounting World Bank Accounting Risk Management Non-Profit (such as Red Cross) Education

14 Traditional Roles Auditing Accounting and Consulting for Business Tax Accounting, Preparation and Planning Financial Planning Payroll Tax Reporting Sales Tax Reporting Financial Reporting

15 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

16 Average Salaries for College Graduates EmployerJr. Level (0 - 3 yrs.)Sr. Level (4 - 6 yrs.) Public Accounting (large firm) $48,750-$69,250$66,750-$86,000 Public Accounting (medium firm) $42,500-$62,500$59,250-$79,750 Public Accounting (small firm) $41,000-$56,000$54,000-$69,750 Corporate Accounting (large co.) $38,000-$57,250$55,750-$73,500 Corporate Accounting (medium co.) $35,750-$53,250$50,750-$65,500 Corporate Accounting (small co.) $33,500-$49,000$46,500-$58,750 ** Keep in mind if you also have a CPA license, you’ll make 10-15% more when you start out. **

17 Upper-level Salaries For Managers in Corporate Accounting PositionLarge Co.Small to Medium Co. Chief Financial Officer$183,250-$384,000$94,250-$175,750 Corporate Controller$122,000-$180,000$80,500-$134,750 Tax Manager$92,250-$130,250$74,250-$100,250 **Geographic region, experience, education, CPA certification and company size each play a role in determining salary**

18 CPAs are Needed EVERYWHERE! Boston$55,250-$68,900 New York$59,925-$74,730 Miami$48,025-$59,890 Chicago$52,275-$65,190 Denver$43,560-$54,325 San Diego$49,725-$62,000 Dallas$44,625-$55,650 Here’s what you can expect to be paid where you live:

19 What Are the Requirements? Pass the CPA exam  CPA Exam Book CPA Exam Book Complete Work experience/requirements Continued Certified Professional Education

20 We Look for People Who Are… Involved in activities Professional Good communication skills Personable Detail-oriented Strong academically Overall business awareness Leaders

21 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

22 Questions?

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