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CPA's Have a World of Opportunities. What are CPA’s? CPA’s are Leaders CPA’s are Advisors CPA’s are Educators CPA’s are Managers Respected People in Your.

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Presentation on theme: "CPA's Have a World of Opportunities. What are CPA’s? CPA’s are Leaders CPA’s are Advisors CPA’s are Educators CPA’s are Managers Respected People in Your."— Presentation transcript:

1 CPA's Have a World of Opportunities

2 What are CPA’s? CPA’s are Leaders CPA’s are Advisors CPA’s are Educators CPA’s are Managers Respected People in Your Community

3 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, Presidents of company

4 What does “Private Industry” include? Manufacturing Retail Insurance & banking Healthcare Not for profit Government/Schools Individuals Information Technology Manufacturing Retail Insurance & banking Healthcare Not for profit Government/Schools Individuals Information Technology

5 Topics of Discussion Traditional Roles Unique Occupations Growth Opportunities Salary Comparison Requirements Traditional Roles Unique Occupations Growth Opportunities Salary Comparison Requirements

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

7 Unique Careers in Government Securities and Exchange Compliance FBI Government Auditing County Tax Assessor Sales and Use Tax Parks and Recreation State and Local Government Securities and Exchange Compliance FBI Government Auditing County Tax Assessor Sales and Use Tax Parks and Recreation State and Local Government

8 Other Unique Careers Entertainment Accounting International Auditing United Nations Accounting World Bank Accounting Risk Management Non-profit such as Red Cross Education Accounting for a professional sports team Entertainment Accounting International Auditing United Nations Accounting World Bank Accounting Risk Management Non-profit such as Red Cross Education Accounting for a professional sports team

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

10 Growth Opportunities CPA’s Become the Leaders of Their Companies Many Become the CFO’s and CEO’s of Large and Small Companies They are Trusted Business Advisors Growth is Possible to the Top **People with college degrees usually have greater growth opportunities CPA’s Become the Leaders of Their Companies Many Become the CFO’s and CEO’s of Large and Small Companies They are Trusted Business Advisors Growth is Possible to the Top **People with college degrees usually have greater growth opportunities

11 Salaries for CPA’s (Source: 2009 Robert Half Salary Guide) Public Accounting Firms 0 – 3 years exp. 4 – 6 years exp. Large Firm $48,750 - $69,250 $66,250 - $86,750 Medium Firm $42,500 – $62,500 $59,250 - $79,750 Small Firm $41,000 - $56,000 $53,750 - $69,750 Public Accounting Firms 0 – 3 years exp. 4 – 6 years exp. Large Firm $48,750 - $69,250 $66,250 - $86,750 Medium Firm $42,500 – $62,500 $59,250 - $79,750 Small Firm $41,000 - $56,000 $53,750 - $69,750

12 Corporate Accounting 0 – 3 years exp. 4 – 6 years exp. Large Company $38,000 - $67,500 $55,750 - $87,250 Medium Company $37,750 – $58,000$50,750 - $77,250 Small Company $33,500 - $52,750 $46,500 - $64,000 Corporate Accounting 0 – 3 years exp. 4 – 6 years exp. Large Company $38,000 - $67,500 $55,750 - $87,250 Medium Company $37,750 – $58,000$50,750 - $77,250 Small Company $33,500 - $52,750 $46,500 - $64,000 Salaries for CPA’s (Source: 2009 Robert Half Salary Guide)

13 CPA vs. Bookkeeper CPA Bachelor’s or Master’s Degree in Accounting Must pass CPA exam, other requirements Starting wages Bookkeeper Two year education or less Does not require CPA exam Starting wages CPA Bachelor’s or Master’s Degree in Accounting Must pass CPA exam, other requirements Starting wages Bookkeeper Two year education or less Does not require CPA exam Starting wages

14 What are the requirements? Educational Requirement 150 semester hours (225 qtr hrs) of college course work A baccalaureate degree & a minimum of 30 semester (45 qtr hrs) in accounting above entry level and 24 semester (35 qtr hrs) in general business Experience Requirement Two years in public accounting Five years in private industry Educational Requirement 150 semester hours (225 qtr hrs) of college course work A baccalaureate degree & a minimum of 30 semester (45 qtr hrs) in accounting above entry level and 24 semester (35 qtr hrs) in general business Experience Requirement Two years in public accounting Five years in private industry

15 What are the requirements? (Continued) Pass the CPA Exam New Format of the Exam Computer based instead of paper exam Exams given quarterly during 2 months of each quarter More focus on IT and general business knowledge Continued CPE Pass the CPA Exam New Format of the Exam Computer based instead of paper exam Exams given quarterly during 2 months of each quarter More focus on IT and general business knowledge Continued CPE

16 Employers look for: Involved in activities Professional Good communication skills Personable Detail oriented Strong academically Overall business awareness Leaders Involved in activities Professional Good communication skills Personable Detail oriented Strong academically Overall business awareness Leaders

17 What you can do now... Assess: What do you like to do? Assess: What are you good at? Leave yourself opportunities by… Maintaining your GPA Involvement in activities--participate! Do what you’re passionate about Choose relevant courses such as: Bookkeeping/Accounting Written Communications Computer Applications Oral Communications Assess: What do you like to do? Assess: What are you good at? Leave yourself opportunities by… Maintaining your GPA Involvement in activities--participate! Do what you’re passionate about Choose relevant courses such as: Bookkeeping/Accounting Written Communications Computer Applications Oral Communications

18 What you can do now... Research and apply to advantageous colleges & universities Visit an office of an accounting professional Speak to a member of professional organizations Participate in a Job Shadow Program Research and apply to advantageous colleges & universities Visit an office of an accounting professional Speak to a member of professional organizations Participate in a Job Shadow Program

19 Sources of Information Georgia Society of CPAs - www.gscpa.org American Institute for CPAs – www.aicpa.org CPA Exam – www.cpa-exam.org Georgia Secretary of State Professional Licensure - www.sos.state.ga.us National Association of State Boards of Accountancy – www.nasba.org Georgia Society of CPAs - www.gscpa.org American Institute for CPAs – www.aicpa.org CPA Exam – www.cpa-exam.org Georgia Secretary of State Professional Licensure - www.sos.state.ga.us National Association of State Boards of Accountancy – www.nasba.org


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