1. Accounting What Accountants Do

2. Types of Accountants Public Accountants – Auditors – Tax Consultants – Business Consultants Management Accountants – External Reporting (financial statements, etc.) – Decision Support

3. Types of Accountants (cont) Internal Auditors Government Accountants – SEC – GAO – CBO – State, County, City Not-for-profit firms (hospitals, etc.) Forensic Accounting – Public firms – FBI, etc.

4. Professional Statistics Tech placement rates 2011-12 – MSA100% – BBA 95% Average starting salary – MSA$55,000* – BBA$47,000 Markets: – DFW-- San Antonio-- New York – Houston-- West Texas -- London – Austin-- Chicago-- Other

6. Auditors “Attest” to fairness of public company financial statements Review internal controls to evaluate reliability of accounting systems Review other internal and external processes of company and make recommendations to management Auditors work for shareholders and others who use financial information provided by the company

7. Tax Consultants Compliance and Reporting Research Planning Analysis of Deals

8. Consulting Acquisitions Relocation Projects Analysis

9. Management Accounting Financial & Regulatory Reporting Internal Analysis of Costs & Revenues Establish & Maintain Internal Controls

10. Internal Auditing Evaluating Risk Confirming Information Analyzing Operations Reviewing Compliance Recommending Controls Assuring Safeguards

11. Government Accounting Oversight Investigation Information Reporting Regulation

12. Forensic Accounting Reconstruction of past events Private investigation of fraud and potential fraud Litigation support Criminal investigation (FBI, IRS, etc.)

13. Questions?