레이블이 Financial Accounting for Banks인 게시물을 표시합니다. 모든 게시물 표시
레이블이 Financial Accounting for Banks인 게시물을 표시합니다. 모든 게시물 표시

2013년 11월 25일 월요일

About 'banking accounting'|My friend, her book, your bank account







About 'banking accounting'|My friend, her book, your bank account








I               have               a               friend               who               makes               sixteen               dollars               an               hour               for               the               basic               bookkeeping               job               in               a               company               which               has               an               accountant,               a               senior               accountant,               and               the               Chief               Financial               Officer               above               her               position.

(I               didn't               ask               what               they               make……uhmmmm….for               obvious               reasons.)               But               the               point               is,               accounting               jobs               pay               good               money.

I               just               looked               at               an               ad               for               a               Banking/Brokerage/Investment               Accountant               that               offered               $50,000               a               year               entry               level               up               to               $               150,000               annual               salary.

Now               I               could               learn               how               to               live               with               that.

The               thing               is               they               are               looking               for               accountants               not               a               writer…..take               note               of               that.

To               get               the               high               paying               accountants               positions               like               certified               public               accountant,               certified               financial               accountant,               corporate               accountant               or               government               accountant               you               need               the               right               combination               of               education               and               experience.

To               get               an               understanding               of               how               education               and               experience               work               together               to               give               you               salary               advantages               consider               this:               
               •               a               beginning               bookkeeper               may               make               around               $25,000               a               year,               
               •               2               years               of               experience,               as               much               as               $37,000               a               year,               
               •               4               years               experience               puts               you               in               the               $42,000               to               $45,000               dollar               range,               
               •               6               years               experience               may               give               you               $50,000               to               $55,000               and               
               •               8               years               experience               may               put               you               in               the               $65,000               and               over               range.
               1.

The               salaries               quoted               here               assume               that               you               are               constantly               seeking               continuing               education               and               professional               certifications.
               To               get               started               on               reaching               these               top               salaries,               plan               your               career               like               you               would               map               a               long               and               complicated               journey.

Remember               the               end               goal;               the               top               living               wage               you               can               attain               in               your               field.

The               basic               accounting               functions               can               be               performed               after               a               good               high               school               education               if               you               included               bookkeeping               and               accounting               classes.

The               accounting               terms,               accounting               principles,               and               accounting               information               systems               will               have               been               covered               in               these               high               school               courses.

If               you               plan               on               a               career               in               the               accounting               field               you               can               get               a               job               out               of               high               school               as               a               bank               teller,               a               data               entry               clerk,               or               any               number               of               entry               level               positions.

Then               as               you               gain               experience               you               should               add               to               your               education               by               seeking               an               associate's               degree               in               Business               Administration               with               a               focus               in               accounting.

Accounting               careers               can               take               you               from               the               home               town               business               to               International               business,               to               Government               accounting               jobs.

In               fact               the               sky               is               the               limit.
               I               made               a               quick               search               of               the               employment               opportunities               in               several               communities               on               the               West               Coast               of               the               United               States               and               found               that               the               requirements               varied               from               basic               accounting               knowledge               to               a               detailed               knowledge               of               computer               and               accounting               terminology.

Employers               varied               widely               in               their               requirements               of               accounting               systems               knowledge               and               an               assortment               of               those               systems               should               be               studied               to               be               sure               you               are               marketable.

A               few               of               the               more               common               accounting               software               systems               I               noticed               in               my               quick,               and               not               really               scientific,               search               were:               
               1.

Excel               program               
               2.

Peachtree               accounting               program               
               3.

Microsoft               office               small               business               accounting               
               4.

QuickBooks
               The               beautiful               thing               about               this               is               that               as               you               gain               experience               and               education               you               will               discover               the               practice               of               accounting               remains               basically               the               same,               the               only               thing               you               will               need               to               add               for               any               specific               position               will               be               knowledge               of               the               software               they               prefer.

Of               course               as               you               progress               you               will               add               accounting               terms               and               definitions               to               your               vocabulary.

You               can               do               that               online               or               with               any               number               of               accounting               guides               and               textbooks.

Learning               the               different               software               does               not               mean               learning               accounting               all               over               again.

It               just               means               learning               the               quirks               of               the               specific               software               tools.
               Accountants               can               earn               "the               sky               is               the               limit               salaries"               by               steadily               gaining               years               of               experience               and               pursuing               continuing               education.

Different               certifications               available               to               accountants               increase               your               value               and               therefore               your               salary.

Mistakes               are               totally               unacceptable               in               accounting               (but               there               are               many               checks               and               balances               you               can               learn               to               avoid               mistakes).

Read               accounting               articles               both               online               and               in               professional               journals.

It               helps               to               have               an               affinity               for               numbers.

It               also               helps               to               be               very               detail               oriented.
               Remember               Enron?

The               Enron               accounting               scandal               highlighted               the               need               for               ethical               practices               in               accounting               as               well               as               ethical               controls               over               accounting.

As               you               continue               on               from               the               Associate               Degree               in               Accounting               level               and               pursue               your               Bachelors               and               then               your               Masters               degrees               you               will               take               many               ethics               classes               and               along               with               the               accounting               classes.

Do               not               underestimate               the               value               of               a               good               grounding               in               ethical               values.

Small               business               accounting               is               just               as               important               as               Fortune               500               accounting               and               the               adherence               to               ethics               is               equally               important.

Not               only               does               your               future,               your               reputation               and               your               career               depend               on               your               honesty,               but               the               lives,               the               savings               and               the               futures               of               many               other               people               depend               on               your               ethics               as               well.
               When               you               have               reached               several               years               experience               and               a               Masters               degree               it               is               time               to               move               on               to               the               next               step.

Pursue               a               doctorate               and               achieve               your               Certified               Financial               Advisor               certification               (if               you               don't               already               have               it).

The               "big               time"               in               money               and               prestige               is               as               high               as               you               are               willing               to               reach.

The               key               is               the               combination               of               education               and               experience.

Education               without               experience               will               still               put               you               at               an               entry               level               position,               so               begin               to               work               as               soon               as               you               can               get               that               first               job               in               high               school.

Cashier               for               a               couple               of               evening               a               week               at               the               a               local               burger               place               or               store               to               begin               to               get               experience               with               money               and               numbers,               then               as               you               gain               education               you               can               move               to               the               next               level               in               the               job               chain.

Experience               without               education               will               hold               you               down               near               the               entry               level               until               you               can               achieve               the               required               education               and               certifications               to               apply               for               the               higher               paying               jobs.

No               one               will               trust               you               with               a               job               requiring               a               high               level               of               responsibility               and               a               high               level               of               pay               if               you               do               not               show               you               can               do               it               by               demonstrating               a               good               work               ethic               and               a               thirst               for               education.

The               two               go               hand               in               hand.
               Accounting               information               is               used               by               every               person,               business               and               government               agency               in               the               world               in               one               form               or               another.

The               accountant               is               that               all               important               person               who               actually               keeps               track               of               all               the               things               that               go               into               the               nuts               and               bolts               of               business               and               personal               finance.

Two               books               to               get               you               familiar               with               beginning               accounting               information               are               Accounting               for               Dummies,               2005,               Tracy,               John,               A.,               Wiley               Publishing,               Indianapolis,               In.

and               Accounting               the               Easy               Way,               2003,               Eisen,               Peter,               J.,               Barrons'               Educational               Series               Inc.,               Hauppauge,               NY.


               Education               after               high               school               will               depend               somewhat               on               your               grades               and               finances               but               you               can               get               an               associates               degree               either               at               a               community               college               or               online               while               you               continue               to               work.

If               you               have               a               college               fund,               a               scholarship               or               other               financial               means               you               may               go               straight               to               a               four               year               university.

While               some               people               find               the               online               university               experience               impossible               due               to               self               discipline               issues,               an               accounting               student               should               have               the               organizational               ability               and               the               self               discipline               to               pursue               this               option.

What               ever               option               you               choose               remember               that               you               are               never               too               old               to               learn               and               the               day               you               stop               seeking               education               is               the               day               you               limit               your               earning               ability               to               the               "experience               only"               factor.

Education               magnifies               experience               the               same               way               experience               magnifies               education;               do               both.






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