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Management accounting differs from financial accounting because it focuses on ways to inform internal decision makers. Financial accounts record information and prepare reports for external government agencies and other stakeholders and are less focused on making future projections. Work For a Variety of Organizations Management accounting skills include functions of controllership, governmental and nonprofit accounting, international accounting, accounting in decision-making and analysis and business law and ethics. These skills prepare you to work and advance in any of the following sectors: Private Corporations - From mom-and-pop shops to multinational corporations, businesses and industries of all sizes need strategic partners capable of marrying financial know-how with business savvy. These individuals hold positions up and down the corporate ladder, including auditors, tax managers, controllers and chief financial officers. Government - Management accountants play a key role in improving the efficiency federal, state and local governments and agencies.
If you've always had an aptitude for numbers, and you feel most comfortable working in a spreadsheet, then an accounting major is a perfect fit for you and your skillset. To work in accounting, you'll need a bachelor's degree, and with tuition rates rising every year, along with student loan debt, you'll want to choose your major carefully. You are a numbers person, after all. We've compiled the data you need to make a smart decision. Read on to find out more about: Why accounting might be right for you Drawbacks associated with an accounting degree Accounting jobs you might love Specialized work environments for accounting Typical career paths A passion for numbers is a given for accounting majors, and that love might be enough to propel you into this major with no outside encouragement. But there are a few other perks of an accounting job that make it ideal for almost anyone. Those who pursue a major in accounting can find careers with: Decent salaries. The Bureau of Labor Statistics (BLS) says the median pay for all accountancy careers sits at $70, 500.
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