You and the World of Accounting Making Accounting Relevant Choosing the right career results in a more enjoyable lifestyle and satisfying work experiences. Making Accounting Relevant Choosing the right career results in a more enjoyable lifestyle and satisfying work experiences. What steps have you taken to plan for your career?

Section 1 Exploring Careers What You’ll Learn  How personal interests and skills, values, and lifestyle goals affect career decisions.  Where to find information on possible careers.  How to set career goals. Section 1 Exploring Careers What You’ll Learn  How personal interests and skills, values, and lifestyle goals affect career decisions.  Where to find information on possible careers.  How to set career goals.

Why It’s Important A successful career begins with identifying your interests and skills and putting them to work for you. As consumers, we buy goods from merchandising businesses daily. Under- standing the nature of these transactions is key to accounting for a merchandising business. Why It’s Important A successful career begins with identifying your interests and skills and putting them to work for you. As consumers, we buy goods from merchandising businesses daily. Under- standing the nature of these transactions is key to accounting for a merchandising business. Section 1 Exploring Careers (con’t.) Key Terms  skills  values  lifestyle Key Terms  skills  values  lifestyle  personality  personal interest tests  networking  personality  personal interest tests  networking

Assess Your Career Vision Section 1 Exploring Careers (con’t.)  What are your values, and how will they affect your career?  What lifestyle interests you?  How will your personality affect a career choice?  What are your personal interests and skills?

 Guidance counselors  Networking  Print materials  The Internet  Professional organizations  Guidance counselors  Networking  Print materials  The Internet  Professional organizations Section 1 Exploring Careers (con’t.) Research the Possibilities

Setting Career Goals Section 1 Exploring Careers (con’t.) Step 1Decide on a long-term goal. Step 2Decide on actions that will lead to the long-term goal. Step 3Take action! Step 4Diversify your skills. Step 5Realize the long-term goal. Step 1Decide on a long-term goal. Step 2Decide on actions that will lead to the long-term goal. Step 3Take action! Step 4Diversify your skills. Step 5Realize the long-term goal.

Check Your Understanding What consequences might result from choosing a career that conflicts with your values and lifestyle goals? Section 1 Exploring Careers (con’t.)

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.  Deloitte and Touche  Ernst & Young  KPMG Peat Marwick  Price Waterhouse Coopers  Deloitte and Touche  Ernst & Young  KPMG Peat Marwick  Price Waterhouse Coopers 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.)