This work is becoming increasingly computerized, can involve significant travel and allows one to really understand how money is being made in the company being analyzed. Management accountants work on completing cost analysis, and participate in efforts to control expenses efficiently. This work often involves the analysis of the structure and procedures of industrial or commercial enterprises. Financial accountants prepare financial statements and participate in important decisions involving mergers and acquisitions, strategic planning and long-term financial projections. This work requires a good understanding of both accounting and finance.
Tax accountants prepare corporate and personal income tax returns and formulate tax strategies.
This work requires a thorough understanding of economics and the tax code. Accounting is very team-oriented, so people skills and communication are critical. Knowledge of and familiarity with computers is becoming increasingly essential. An aptitude for solving problems, working with figures and analyzing, comparing and interpreting facts and data are also important. A variety of experiential opportunities are available for students who are interested and qualified.