10 answers
Riley
Student
Rock Hill, South Carolina
3
Questions
Asked
697 views
How do you get started in the accounting and auditing field?
Wanting to be an accountant or auditor at some point, but not entirely sure what steps I should take to meet the quota or exceed it in regards to a secondary education.
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10 answers
Chris Melville
Digital Channel Group Marketing Manager
1
Answer
Flower Mound, Texas
Updated
Chris’s Answer
Riley,
It's wonderful to see your early passion for accounting. In my high school years, I was pretty good at math, but I hadn't yet discovered my interest in accounting. It wasn't until I was in college, initially pursuing computer science, that I switched to the business school/accounting program. I found the business classes engaging and realized I had a knack for accounting. You're already one step ahead by identifying your interest in accounting before starting college. This will save you time and effort, as you won't have to take courses unrelated to your accounting degree.
I encourage you to take some accounting classes while still in high school to confirm your interest before committing to a college program. Additionally, taking advanced math classes would be beneficial for your future studies. It's also a good idea to research colleges renowned for their accounting programs. While most colleges offer accounting degrees, attending a college recognized for its accounting program could give you an edge when you're seeking employment after graduation.
To enter the accounting field, a bachelor's degree is the standard requirement, although an associate degree might open the door to some entry-level positions. Some colleges offer combined degree programs where you can earn both a bachelor's and a master's in professional accounting in five years. I highly recommend this path as it prepares you to become a Certified Public Accountant, the official certification for accountants.
Starting your career in a public accounting firm that specializes in accounting is a fantastic way to dive into the field. You'll get a comprehensive view of the accounting world, observing everything from how entry-level accountants and CFOs operate in different companies and industries, to how CPAs assist businesses with their financial statements, tax, and consulting services. Public accounting firms offer a fast-paced environment where you can learn quickly and shape your long-term career goals in accounting or the broader business field.
Best of luck with your studies, Riley. I hope you find a fulfilling and long-lasting career in accounting.
It's wonderful to see your early passion for accounting. In my high school years, I was pretty good at math, but I hadn't yet discovered my interest in accounting. It wasn't until I was in college, initially pursuing computer science, that I switched to the business school/accounting program. I found the business classes engaging and realized I had a knack for accounting. You're already one step ahead by identifying your interest in accounting before starting college. This will save you time and effort, as you won't have to take courses unrelated to your accounting degree.
I encourage you to take some accounting classes while still in high school to confirm your interest before committing to a college program. Additionally, taking advanced math classes would be beneficial for your future studies. It's also a good idea to research colleges renowned for their accounting programs. While most colleges offer accounting degrees, attending a college recognized for its accounting program could give you an edge when you're seeking employment after graduation.
To enter the accounting field, a bachelor's degree is the standard requirement, although an associate degree might open the door to some entry-level positions. Some colleges offer combined degree programs where you can earn both a bachelor's and a master's in professional accounting in five years. I highly recommend this path as it prepares you to become a Certified Public Accountant, the official certification for accountants.
Starting your career in a public accounting firm that specializes in accounting is a fantastic way to dive into the field. You'll get a comprehensive view of the accounting world, observing everything from how entry-level accountants and CFOs operate in different companies and industries, to how CPAs assist businesses with their financial statements, tax, and consulting services. Public accounting firms offer a fast-paced environment where you can learn quickly and shape your long-term career goals in accounting or the broader business field.
Best of luck with your studies, Riley. I hope you find a fulfilling and long-lasting career in accounting.
Doreen Lucas
Manager
8
Answers
Apopka, Florida
Updated
Doreen’s Answer
Are you fond of dealing with numbers? Accounting is an outstanding profession that can bring immense satisfaction, but it certainly requires a passion for analyzing numerical data. If you find joy in handling data and are certain about pursuing a career in accounting, then it's highly recommended to obtain a degree and a formal certification such as CPA (Certified Public Accountant). This field is highly competitive, necessitating a robust education. Engaging in the accounting industry can also introduce you to new roles or professional career paths. Possessing a formal degree, a certification, and prior experience in accounting will showcase your determination to excel in your role.
Caroline Hacikyaner, CPA
Director of Finance, Integration and Operations
2
Answers
Montreal, Quebec, Canada
Updated
Caroline’s Answer
Hello Riley! It's truly inspiring to see your proactive spirit shining through. Just like others have suggested, enrolling in an accounting class could be a fantastic first step. Additionally, consider seeking out opportunities to shadow or work alongside professionals in the accounting field or related areas. This could give you invaluable hands-on experience. Internships could also be a brilliant way to explore if this is indeed the right career path for you. It would be beneficial to find a mentor who can guide you and help steer your career journey. Accounting, in my opinion, provides a solid foundation for understanding the inner workings of a business. Plus, it's an impressive credential to have, opening up a myriad of career possibilities. Keep going, you're on the right track!
Trevor Dawson
Consulting
99
Answers
Dallas, Texas
Updated
Trevor’s Answer
A lot of good detailed answers here so I won’t repeat the advice given, but based on my knowledge I would think it starts with an Accounting degree so I’d start by looking into these college classes which would also help confirm your interest in the field.
Moataz Elfar
general manger
17
Answers
Mansoura, Dakahlia Governorate, Egypt
Updated
Moataz’s Answer
Starting a career in accounting and auditing is a blend of acquiring the right education, professional certifications, and hands-on experience. Here's a friendly guide to help you kick-start your journey in this field:
1. Education is Key:
A Bachelor's Degree in Accounting or Finance:
To get your foot in the door of the accounting and auditing world, you'll need at least a bachelor's degree in accounting, finance, or a similar field. Make sure your chosen program is approved by a recognized accrediting body.
2. Skills and Knowledge are Power:
Tech Skills:
Get comfortable with accounting software, spreadsheet programs, and other essential tools. Being a whiz at Microsoft Excel is often a must-have for accounting jobs.
Know Your Accounting Basics:
Get a firm grasp on accounting principles, financial reporting, taxation, and auditing standards. Keep up-to-date with the latest changes in accounting rules.
3. Dive into Internships and Entry-Level Jobs:
Internships:
Look for internships or entry-level jobs to get some real-world experience. This hands-on practice will help you put your theoretical knowledge to work and beef up your resume.
Networking:
Go to career fairs, networking events, and join accounting-related professional groups. Networking can lead you to internships and job opportunities you wouldn't find otherwise.
4. Professional Certifications:
CPA (Certified Public Accountant):
Think about earning the CPA title, which is well-respected in the accounting world. The requirements vary, but typically, you'll need to fulfill education and experience requirements, and pass the CPA exam.
CMA (Certified Management Accountant) or CIA (Certified Internal Auditor):
Depending on your career aspirations, you might want to consider certifications like CMA or CIA, which are useful for management accounting or internal auditing roles.
5. Advanced Education (Optional):
Master's Degree:
While it's not always necessary, getting a master's degree in accounting or a related field can boost your qualifications and create more opportunities for career growth.
6. Build Your Professional Network:
Join Professional Groups:
Become part of professional groups like the American Institute of CPAs (AICPA) or the Institute of Internal Auditors (IIA). Go to events and conferences to meet and connect with other professionals in the field.
LinkedIn and Online Platforms:
Set up a LinkedIn profile and join relevant online discussion groups. Networking can lead you to job openings and keep you informed about industry trends.
7. Stay Informed and Keep Learning:
Continuing Professional Education (CPE):
Many accounting certifications require you to keep learning. Even if it's not mandatory, staying up-to-date with changes in accounting standards and regulations is key for career progression.
8. Apply for Jobs and Nail Your Interviews:
Job Applications:
Start applying for entry-level jobs or roles that fit your experience level. Customize your resume and cover letter to spotlight your relevant skills and experiences.
Ace Your Interviews:
Get ready for interviews by studying common accounting interview questions and rehearsing your answers. Show off your understanding of accounting principles and your ability to use them in real-life situations.
By following these steps and actively pursuing both education and experience, you're laying a solid foundation for a rewarding career in the accounting and auditing field.
1. Education is Key:
A Bachelor's Degree in Accounting or Finance:
To get your foot in the door of the accounting and auditing world, you'll need at least a bachelor's degree in accounting, finance, or a similar field. Make sure your chosen program is approved by a recognized accrediting body.
2. Skills and Knowledge are Power:
Tech Skills:
Get comfortable with accounting software, spreadsheet programs, and other essential tools. Being a whiz at Microsoft Excel is often a must-have for accounting jobs.
Know Your Accounting Basics:
Get a firm grasp on accounting principles, financial reporting, taxation, and auditing standards. Keep up-to-date with the latest changes in accounting rules.
3. Dive into Internships and Entry-Level Jobs:
Internships:
Look for internships or entry-level jobs to get some real-world experience. This hands-on practice will help you put your theoretical knowledge to work and beef up your resume.
Networking:
Go to career fairs, networking events, and join accounting-related professional groups. Networking can lead you to internships and job opportunities you wouldn't find otherwise.
4. Professional Certifications:
CPA (Certified Public Accountant):
Think about earning the CPA title, which is well-respected in the accounting world. The requirements vary, but typically, you'll need to fulfill education and experience requirements, and pass the CPA exam.
CMA (Certified Management Accountant) or CIA (Certified Internal Auditor):
Depending on your career aspirations, you might want to consider certifications like CMA or CIA, which are useful for management accounting or internal auditing roles.
5. Advanced Education (Optional):
Master's Degree:
While it's not always necessary, getting a master's degree in accounting or a related field can boost your qualifications and create more opportunities for career growth.
6. Build Your Professional Network:
Join Professional Groups:
Become part of professional groups like the American Institute of CPAs (AICPA) or the Institute of Internal Auditors (IIA). Go to events and conferences to meet and connect with other professionals in the field.
LinkedIn and Online Platforms:
Set up a LinkedIn profile and join relevant online discussion groups. Networking can lead you to job openings and keep you informed about industry trends.
7. Stay Informed and Keep Learning:
Continuing Professional Education (CPE):
Many accounting certifications require you to keep learning. Even if it's not mandatory, staying up-to-date with changes in accounting standards and regulations is key for career progression.
8. Apply for Jobs and Nail Your Interviews:
Job Applications:
Start applying for entry-level jobs or roles that fit your experience level. Customize your resume and cover letter to spotlight your relevant skills and experiences.
Ace Your Interviews:
Get ready for interviews by studying common accounting interview questions and rehearsing your answers. Show off your understanding of accounting principles and your ability to use them in real-life situations.
By following these steps and actively pursuing both education and experience, you're laying a solid foundation for a rewarding career in the accounting and auditing field.
Flora Frangoudis, NJ CPA
Accounting
20
Answers
Morristown, New Jersey
Updated
Flora’s Answer
Riley, it's great to see your interest in accounting. Start by checking if your high school offers any basic accounting courses for a general understanding. If not, consider a county college. Your next step is to complete college studies with a major in accounting/audit and business administration. To qualify for the CPA (Certified Public Accounting) license, you need to earn 150 degrees in accounting.
While studying, apply for internships at accounting/audit firms or corporate companies. This will give you practical experience and an understanding of the profession's requirements. Internships also help to expand your network, opening up more opportunities in your career.
As you prepare for the CPA exam, enrolling in a prep course can be beneficial. Once you pass the CPA exam, depending on the state, you'll need 2-4 years of work experience before you can be licensed and sign off on auditing work.
Remember, your education doesn't stop once you're licensed. Every year, you'll need to complete CPE (continuing professional education) courses - 40 hours annually/120 hours tri-annually, depending on the state, to renew your license.
While the process is lengthy, it's highly rewarding. Plus, you'll always have job security. Best of luck on your journey.
While studying, apply for internships at accounting/audit firms or corporate companies. This will give you practical experience and an understanding of the profession's requirements. Internships also help to expand your network, opening up more opportunities in your career.
As you prepare for the CPA exam, enrolling in a prep course can be beneficial. Once you pass the CPA exam, depending on the state, you'll need 2-4 years of work experience before you can be licensed and sign off on auditing work.
Remember, your education doesn't stop once you're licensed. Every year, you'll need to complete CPE (continuing professional education) courses - 40 hours annually/120 hours tri-annually, depending on the state, to renew your license.
While the process is lengthy, it's highly rewarding. Plus, you'll always have job security. Best of luck on your journey.
Liz Jankowski
Experienced Audit Associate
6
Answers
Pittsburgh, Pennsylvania
Updated
Liz’s Answer
Hi Riley!
It is always so exciting to see young people with interest in accounting!
Many accountants will tell you that they went to college to pursue a 4 year degree in Accounting or received their masters in accounting. However, the good news is that if you don't follow this path, there are still plenty of opportunities to enter into the field! When I first began college, I started as a Biology major with the idea of going to medical school. After my freshman year, I decided I wanted to switch to business and ended up receiving my B.S. in Business Administration. During my sophomore year, I was recruited for PwC's Advisory internship. However, I ended up having a conversation with my recruiter asking if I could have the opportunity to apply for an Audit internship. I was initially nervous that the Big 4 would not seriously consider me for a job because I didn't major in accounting. The good news is after interviewing with PwC for an internship, they were more than ok with the fact that I did not study accounting. The only ask from PwC is that I could show that I would fulfill all the requirements that are needed to receive a CPA license which can all be achieved even without an accounting degree. The biggest lift on my end was making sure I had a game plan to take the courses I needed for my CPA license. After proving that portion, I received an internship and then a full time offer. You also can apply to regular job postings at accounting firms even if you did not intern there. But if you know for sure you want to enter the industry, applying for internships is the best step!
It is always so exciting to see young people with interest in accounting!
Many accountants will tell you that they went to college to pursue a 4 year degree in Accounting or received their masters in accounting. However, the good news is that if you don't follow this path, there are still plenty of opportunities to enter into the field! When I first began college, I started as a Biology major with the idea of going to medical school. After my freshman year, I decided I wanted to switch to business and ended up receiving my B.S. in Business Administration. During my sophomore year, I was recruited for PwC's Advisory internship. However, I ended up having a conversation with my recruiter asking if I could have the opportunity to apply for an Audit internship. I was initially nervous that the Big 4 would not seriously consider me for a job because I didn't major in accounting. The good news is after interviewing with PwC for an internship, they were more than ok with the fact that I did not study accounting. The only ask from PwC is that I could show that I would fulfill all the requirements that are needed to receive a CPA license which can all be achieved even without an accounting degree. The biggest lift on my end was making sure I had a game plan to take the courses I needed for my CPA license. After proving that portion, I received an internship and then a full time offer. You also can apply to regular job postings at accounting firms even if you did not intern there. But if you know for sure you want to enter the industry, applying for internships is the best step!
Keisha Graham
Senior Financial Analyst
3
Answers
Atlanta, Georgia
Updated
Keisha’s Answer
Accounting is a great field because it is stable as every company needs Accountants. There are careers out there that are focused in one area of the books such as Accounts Payable, Accounts Receivable, etc. So it may be helpful to get that entry level hands on experience while in school. In addition to internships, you can also volunteer locally somewhere near your school. For an example, if Tax is your area of interest, during tax season which is usually the first 2 quarters of the year, you could volunteer to at your local library to do taxes for low income families if they offer it, just for the experience once you've gotten some classes under your belt.
Victoria LeCompte, CPA, CFE
Investigations and Forensics Senior Associate
10
Answers
Alexandria, Virginia
Updated
Victoria’s Answer
Hi Riley! I started my career as an auditor directly out of college. I took the following steps during college to prepare for my career.
- I studied at a four year university and earned both my bachelor's and master's degrees in accounting. I wanted to become a CPA so I needed to get 150 college credits (most undergraduate programs require 120 credits). So as a result, I decided to get both my bachelor's and master's degrees so I could meet the 150 credit requirement. The graduate level education also helped me a lot when I was studying for the CPA exam.
- I had two summer internships during college that were in consulting and auditing. The business school I attended during college had a Career Center that regularly posted internship opportunities. I applied for these internships through the school's Career Center and then wound up receiving a full time offer from those organizations (set to start full-time after graduating college).
Best of luck!
- I studied at a four year university and earned both my bachelor's and master's degrees in accounting. I wanted to become a CPA so I needed to get 150 college credits (most undergraduate programs require 120 credits). So as a result, I decided to get both my bachelor's and master's degrees so I could meet the 150 credit requirement. The graduate level education also helped me a lot when I was studying for the CPA exam.
- I had two summer internships during college that were in consulting and auditing. The business school I attended during college had a Career Center that regularly posted internship opportunities. I applied for these internships through the school's Career Center and then wound up receiving a full time offer from those organizations (set to start full-time after graduating college).
Best of luck!
Zachary Wallerich
Partner at PwC
5
Answers
San Jose, California
Updated
Zachary’s Answer
Riley - excited to see your interest in our industry! Whether you ultimately pursue a career in accounting or auditing, landing an internship at a public accounting firm is one of the most effective ways of accelerating your career in those fields. In 2008, I interned at PwC, a large public accounting firm, and went on to start full-time in their audit practice in 2010. Almost 14 years later, I'm still with PwC - now as an audit partner. If this is a path that might interest you, you can find more information about opportunities at PwC geared toward college students here - https://jobs.us.pwc.com/entry-level#tab-panel-career-preview.
As you consider your path toward secondary education, working backward from these programs may help as you chart your course. If you do decide to pursue a 4-year degree in the process of becoming a CPA, I would also highly recommend meeting with the career counselors at your school as early as possible. They can connect you with student groups, representatives from local public accounting firms, and other resources that will help you find opportunities to distinguish yourself as a top candidate to potential employers.
As you consider your path toward secondary education, working backward from these programs may help as you chart your course. If you do decide to pursue a 4-year degree in the process of becoming a CPA, I would also highly recommend meeting with the career counselors at your school as early as possible. They can connect you with student groups, representatives from local public accounting firms, and other resources that will help you find opportunities to distinguish yourself as a top candidate to potential employers.
I agree with this answer. Once I started my accounting journey, I found so many options. It's a great career if you like math. Good luck and please reach out to me directly if I can help you get started.
Regina Stevenson, CGFM, CIA, CAMS, CFE