A number of different careers are available in the accounting field and financial operation of a company is the primary focus for each of them. This includes keeping records and ensuring taxes are paid on time. Although the job description for some accounting and finance jobs are simple, others are not nearly as clear due to the large number of duties performed.

Generally, an accounting and finance job falls into one of four major fields, which are public, management, government accounting and internal auditing. Each of these fields can require different qualifications for accountant, although a minimum of a bachelor’s degree is necessary.

What most people consider an accounting and finance job is usually a public accountant. The work involves performing a range of accounting, auditing, consulting and tax activities for clients. Specialties are often chosen in public accounting. For instance, one may choose to concentrate on tax matters, such as preparing income tax returns. Other public accountants may choose to focus on employee health care benefits or auditing financial statements. Public accountants are usually Certified Public Accountants (CPAs) and either work for public firms or run their own business.

Another accounting and finance career available is a management accountant. This type of accountant records and analyzes financial information for the companies they work for. They have a long list of responsibilities, including budgeting, asset management, performance management and performance evaluations. Management accountants are often part of an executive team and analyze financial information so the business can make the right decisions.

Government accountants work in the public sector and are employed by federal or local governments. They work to ensure that revenues are received and expenditures are made in accordance to law. Government accountants employed by the federal government can also work as HM Revenue & Customs agents or in budget analysis or financial management.

The final major field in accounting and finance is internal auditing. These accountants verify internal records and check for inaccuracies such as fraud or waste. This area of accounting is extremely important, as internal auditors ensure that accurate records are kept and fraud, waste and management procedures are controlled. They also review company operations. The job description can vary depending on the company, and many internal auditors perform data processing, engineering, insurance reviews and banking.

The majority of accounting and finance jobs require a bachelor’s degree at minimum. However, many jobs require a master’s degree or a Certified Public Accountant (CPA) certification.