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Business and Industry Career
Financial Reporting
Accountants are responsible for accumulating and verifying the data required for the preparation of financial statements. Accountants are often in charge of the design, implementation and maintenance of the computer system used in preparation of financial statements.
Internal Auditing
Accountants are responsible for objective reviews of an organization's financial and operating systems. Internal auditors may also assist public accountants in their examination and evaluation of an organization's financial statements. Finally, accountants function as in-house management consultants to senior management.
Tax Planning
Accountants are responsible for determining the organization's liability to various taxing authorities for income tax, licenses, sales tax, property tax, and payroll tax. They analyze the effects of tax accounting alternatives and study laws and regulations to ensure correct application of new tax measures.
Management Reporting
Accountants are responsible for the accumulation and reporting of historical data in a format and level of detail required by management for making business decisions. Cost accounting and adherence to accounting theory are major responsibilities in this function.
Corporate Finance
An accountant's responsibilities under this broad category may include analyzing a company's future financing needs, making presentations to and negotiating with banks and other investors, and managing an organization's cash and investments.
Non-Financial Positions
Accountants are broad-based experts whose knowledge and skills are sought and valued by management in various non-financial positions. Accountants can succeed in business as top level managers, chief executive officers, and company presidents.

