4 Types of Accountants: They Do More than Just Filing Taxes? Claim

Posted by Tarun Aarya on December 15th, 2017

When you think about accounting, you most probably remember accountants. Many of you may picture an accountant to be exhausted and tirelessly working to file company’s and individual’s tax claims. You will be surprised to know that accountants have different types of works to handle. They aren’t just engaged with taxes.

Here are four different types of accounts you can hire for your business.

1. Certified Public Accountant (CPA)

They are experts in handling organization’s accounting taxes, records, and financial standing. They get involved in taxes, they deal with some be more in-depth than just working with taxes. They can work as a trusted financial advisor, help you meet your financial objectives, assist in other fiscal matters such as forensic accounting, audits and reviews,  consulting and/or litigation services. A CPA accountant has a bachelor’s degree. They are certified by passing the Uniform CPA Examination.

2. Management Accountant

When it comes to making important decisions, you may probably want to know the status of your business financial health. You also want to know how it could be affected. This is where management accountants come in. They can help you by providing required information so that you can take sound decisions.

A management accountant is responsible for budgeting and planning, handling risk management, conducting external financial reporting, and analyzing profitability, etc. They possess an accounting bachelor’s degree and clear an exam to become a certified management accountant (CMA).

3. Auditor

They are recognized as the accuracy experts in companies. Business like you may need them. Auditors involve in conducting an annual audit and making sure records are accurate. You can hire them for assistance in inspecting account books, examining financial statements, organizing and maintaining fiscal records, accounting systems, and assessing financial operations.

They can suggest you for any improvement in your accounts if required. Some auditors specialize in a particular industry. Auditors hold a bachelor’s degree in accounting.

4. Forensic Accountant

They work as a detective in the accounting world. If you need to analyze financial records in order to make sure they are complying with standards and laws. You should look for forensic accountants. They are expert in finding errors or uncovering fraud. They develop a unique skillset and typically work in either investigation or litigation support. They have a bachelor’s degree in accounting as well as hold some certification. Most forensic accountants are CPA certified.

Thus, don’t think that accounts have all tireless work to do. If you need an accountant, you should first understand your requirements and then appoint an accountant as accounting is a broad term and every accountant is not expertise in all the area of accounting.