fbpx

7 Jobs You Can Get With a Degree In Accounting

June 27, 2023 By Leave a Comment

An accounting degree, often perceived as a passport to bookkeeper jobs, holds the potential for a much broader scope. This specialized field of study equips individuals with a deep comprehension of financial systems and business processes.

It provides the toolkit to decipher complex numerical data, making it a valuable asset in various career paths. Rather than being confined to a conventional cubicle, accounting graduates find themselves engaging in an assortment of intriguing roles that go far beyond ledgers and balance sheets.

So, whether you’re a recent graduate or contemplating a course change, let’s shed light on the exciting career avenues that a degree in accounting can lead to. With each role, we’ll explore how the foundational skills from your accounting education apply, demonstrating the incredible versatility and opportunities this degree can offer.

Financial Analyst

Financial Analysts play a pivotal role in business investment decision-making. Their primary task is to scrutinize economic trends and evaluate financial data. Their analyses help businesses make informed decisions about investing in stocks, bonds, and other financial instruments.

As they dissect financial statements, interpret economic indicators, and forecast investment outcomes, they are instrumental in shaping a company’s financial future. Earning a bachelor of science in accounting is advantageous for these professionals as it provides a strong foundation in data analysis and financial forecasting.

This educational background empowers them to unravel complex financial data and transform it into actionable investment strategies, leading to informed and strategic financial decisions within an organization.

Forensic Accountant

Forensic Accountants take on a rather intriguing role in the world of finance and accounting. Their primary objective is to identify financial irregularities and fraud, employing their in-depth accounting knowledge to sift through the minutiae of financial records.

Their work can span several industries and sometimes draws them into legal terrain. A case in point, they collaborate with law enforcement agencies and attorneys to shed light on financial inconsistencies that could be tied to illegal activities. As a result, they are instrumental in litigation support and can even provide expert testimony in court.

The analytical skills and comprehensive understanding of financial systems, which are integral parts of an accounting degree, make forensic accountants effective in their duties, thereby enhancing the integrity of financial systems.

Personal Financial Advisor

As a Personal Financial Advisor, you step into the shoes of a financial ally for your clients. Imagine diving into the financial waters of the market, navigating the currents of investments, insurance, tax laws, and retirement plans.

Your responsibility is to steer clients toward their financial goals, whether it’s buying a house, funding children’s education, or planning a comfortable retirement. You sift through various financial products and services, providing tailored recommendations to suit individual needs.

Drawing upon the robust financial knowledge imparted by an accounting degree, you clarify complex financial concepts, helping clients make informed decisions. This isn’t a role where one size fits all – it demands insight, empathy, and a genuine commitment to helping others achieve their dreams.

Budget Analyst

Taking the reins of an organization’s financial planning and spending, a Budget Analyst plays a pivotal role in steering its financial course. They keep a keen eye on every dollar that goes in and out, drafting detailed financial reports that capture the overall fiscal health.

Moreover, they take responsibility for monitoring the institution’s expenditures, ensuring funds are used judiciously. A critical aspect of their role is to advise the management on budget modifications, a task that requires sharp analytical skills.

Having undergone rigorous training during their accounting studies, they are equipped to dissect financial data meticulously. By scrutinizing financial patterns and trends, they spot opportunities to optimize costs and enhance savings.

Cost Estimator

A Cost Estimator operates at the crossroads of analytics and business acumen. They dissect complex data and convert it into meaningful, actionable insights for an organization. They determine the expenses tied to any venture a company undertakes, whether it’s manufacturing a product, embarking on a construction project, or delivering a service.

They dive deep into analyzing the time, financial resources, materials, and labor each project demands. By effectively interpreting the numbers, Cost Estimators aid management in establishing production costs and set the most appropriate pricing.

But their influence doesn’t stop there. The insights they generate can influence decision-making across the organization, from operational improvements to strategic planning, thus placing them at the heart of a business’s financial operations.

Health Information Manager

The role of a Health Information Manager within the healthcare sector offers a unique opportunity for those equipped with a Bachelor of Science in Accounting. Not only are these professionals tasked with the paramount responsibility of overseeing patient information systems, but they also bring their financial prowess into play in crucial areas.

One such area involves managing the costs associated with operating and maintaining complex health information systems. They take the lead in budgeting for system upgrades, predicting future expenses, and keeping an eye on current expenditures to ensure cost efficiency.

Health Information Managers also possess the competency to negotiate contracts with technology vendors and conduct cost-benefit analyses for new systems or updates. Furthermore, they participate in financial decision-making processes concerning the allocation of resources for medical records management.

Compliance Officer

Compliance Officer Managers oversee the crucial function of ensuring their company’s operations abide by internal and external rules. They lead teams of Compliance Officers, setting strategic goals and implementing measures to meet the evolving regulatory landscape.

The Manager comprehends complex legal and financial requirements and interprets them for their team and the wider company. Their role is not limited to prevention but extends to mitigation; they address non-compliance issues and strategize corrective action plans.

With their accounting background, they can navigate financial audits and risk assessments with proficiency. Compliance Officer Manager role transforms accounting acumen into a safeguard, protecting the company’s reputation and financial health against regulatory breaches.

Conclusion

In wrapping up, it becomes evident that the potential of an accounting degree goes far beyond the confines of traditional number-crunching roles. The skills acquired from pursuing this degree—comprehensive financial knowledge, analytical prowess, and astute business understanding—render one a valuable asset in various roles.

Whether it’s steering financial decisions in corporations, investigating fiscal irregularities, managing health information systems, or even running a fitness center, the possibilities are impressively varied. The road paved by a Bachelor of Science in Accounting can lead graduates to dynamic sectors, demonstrating the true adaptability of this degree.

The opportunities are numerous, exciting, and often unexpected. Indeed, the stability and versatility of an accounting degree are a testament to its enduring value in today’s rapidly evolving job market.

Filed Under: Life Lesson Tagged With:

Surprisingly Frugal Celebrities

August 19, 2021 By Leave a Comment

Surprisingly Frugal Celebrities

We all love learning about the lavish ways in which celebrities spend their money. Decades ago we watched it on “Lifestyles of the Rich and Famous.” Then there was MTV’s “Cribs” (which, you might know, is making a comeback.) Plus, of course, there’s every watch-the-lives-of-the-rich reality show from Kardashians to all of the Housewives. But, not all celebrities are spending their money on expensive cars and multiple homes. There are some surprisingly frugal celebrities out there. And those of us with less-than-celebrity-level bank accounts could do well to take some lessons from them!

Leonardo DiCaprio

Leonardo DiCaprio

Image via ©czgur/123RF.COM

If you’ve ever perused lists of surprisingly frugal celebrities in the past then chances are that you’ve seen Leonardo DiCaprio’s name there. The Richest reports that he does have more than one car but almost always just drives the sensible Toyota Prius. And while he certainly has enough money to fly on private jets whenever he wants to, he choose commercial airline flights more often than not. Being frugal doesn’t mean he’s stingy, though. He’s known for giving a lot back to charity. Of course, there could be a tax break in that, which also makes it a smart financial move.

Mel Gibson

The Richest article emphasizes the cars that surprisingly frugal celebrities choose to drive. After all, many celebrities immediately use their first paychecks to get really flashy cars. Some of them famously have dozens of six-figure cars. And yet, Mel Gibson drives a Toyota Cressida.

Dave Grohl

MoneyWise is also interested in the cars of surprisingly frugal celebrities. Dave Grohl of Foo Fighters drives a small family car. He also lives in a “just big enough” house.

Ed Sheeran

In last year’s article on stars who set good financial examples, we highlighted how frugal Ed Sheeran is. He sleeps on friend’s couches. He gives himself a small allowance each month. However, that doesn’t mean that he never spends his money. Instead, he actually spends a lot of money … but only on things that he expects to have a good ROI. He invests in real estate, cars, art, and a restaurant business. He apparently has more than two dozen properties.

So, he is one of our surprisingly frugal celebrities not because he doesn’t spend money but because of how he chooses to spend it. He skimps and saves on every day things then uses it only to make wise investments. If you’re looking for celebrity financial advice, his seems to be “frugal every day, spend big on items with a big potential return.”

Keira Knightley

One thing that Knightley has in common with Sheeran is that she keeps herself on a budget. The Richest reports that she allows herself to live on about 1/1000 of her net worth annually.

Keira Knightley

Image by ©buzzfuss/123RF.COM

Rob Gronkowski

In that same 2020 article, we highlighted Rob Gronkowski because he’s chosen not to use any of the millions he’s earned Fromm the NFL. That’s all in savings. And unlike Sheeran, he’s not spending that money in other places like cars. Instead, he sits on it, using only his earnings from marketing to live off of. Of course, his marketing earnings are probably more than a lot of us make in a year. Nevertheless, the frugal advice here would be to develop a passive income stream and live off of that while setting aside other income for the future.

Carrie Underwood

The American Idol turned superstar is famous for clipping coupons, making her own meals, and using other frugal tips that the average person uses in life. She’s one of the surprisingly frugal celebrities who more or less lives the way that the rest of us do. While she and her husband do live in nice homes, they only have one at a time (unlike many other celebrities who keep multiple properties.) And while surely her 300-acre property wasn’t cheap, the Tennessee home allows her to live a pretty regular life with her family.

Lady Gaga

Carrie Underwood might have her Oklahoma upbringing in mind when she remembers to clip coupons. She’s not the only one. Although Lady Gaga isn’t always frugal, The Richest reports that she loves to get a good bargain. In particular, she looks for good prices at the grocery store. So, although perhaps she’s not entirely frugal all of the time, she teaches us to always keep an eye out for good prices on the things we buy most often.

Sarah Jessica Parker

Who would think that the fashion icon was frugal when it comes to clothing? If you’re a fan of hers, however, then you might know that she dresses her kids in secondhand clothing and hand-me-downs, according to Saving Advice. She herself was a big thrift shopper when she was younger. And like Underwood, Gaga, and many other stars, this has to do with remembering what it was like not to have money as a child. The Richest reports that she has an ambivalent relationship with money and will be frugal for awhile than overspend. Like most of us trying to balance our budgets, this celebrity is a work in progress.

Tyra Banks

Saving Advice also reports that Tyra Banks is one of our surprisingly frugal celebrities. Her biggest way to save money is through DIY. In particular, she likes to DIY her own home improvement projects. Where she will spend money is on things that last. In other words, she’s frugal because she’ll invest in durability and quality that will save money over the long haul. There’s a difference between being frugal and being cheap. Cheap sometimes costs more in the end!

Kristen Bell

The Richest definitely had to highlight Kristen Bell and her husband if for no other reason than that they spent less than $150 on their wedding. After all, celebrities can make this big special day as lavish as they want. And yet, she likes to keep things simple. And although she looks great dressed to the nines, she’s been known to shop at everyday bargain stores for clothes, even clothing she wears to big events.

Mila Kunis

Speaking of frugal weddings, MoneyWise reports that Mila Kunis and hubby Ashton Kutcher bought their wedding bands on Etsy for a total of under $200. They also keep Christmas frugal with just one gift from them to their kids (although the kids get plenty more from other family members.)

Other Surprisingly Frugal Celebrities

Here are some of the other celebrities mentioned in the articles linked above and below:

  • Halle Berry is known to like shopping for a bargain price on everyday items.
  • Mark Zuckerberg isn’t frugal about all things but reportedly drives a cheap car.
  • Tobey Maguire is careful about his spending habits. Like many of these celebrities, he doesn’t want to go back to being poor.
  • Tiffany Haddish, once homeless, is also careful with her money. She drives a sensible car and carries fake designer handbags (or real ones gifted to her by others.)
  • Hillary Swank, like Carrie Underwood, is a coupon clipper.
  • Jennifer Lawrence kept relatively the same lifestyle after making it famous as she had before.
  • Mariska Hargitay reportedly approached things similarly to Jennifer Lawrence.
  • Zooey Deschanel stuck to a strict annual budget while making her highest income in “The New Girl.”
  • Jay Leno put all of his “Tonight Show” earnings into investments for the future. He lived off of other comedy income.
  • Keanu Reeves uses public transportation and buys non-brand items.

Read More:

Filed Under: Celebrities, Life Lesson Tagged With: , , , ,

Business Finance Tips To Keep You From Going Bankrupt

April 1, 2020 By Leave a Comment

One of the main reasons why so many people start their own business is to establish a reliable means of generating income. However, this is much easier said than done. There are many things that could go wrong, whether it’s in a natural disaster that renders your business inoperable, a virus pandemic, or an economic collapse. While these unfortunate events are near-impossible to predict and prevent, you can keep your business from going bankrupt. These are a few ways that you can keep your business afloat in an ever-changing economy.

Discard Non-Essential Expenses

One sure way of ensuring that your business does not become bankrupt is to minimize unnecessary expenses. If it’s an expense that does not contribute to the operationality of your business, you might need to cut down on that expense, or better yet, eliminate that expense. As a general rule, if you want to increase the probability of success for your business, you have to minimize your expenses while maximizing your revenue.

Sell Surplus Business Assets

If you don’t get much use out of it, you might want to sell it. Not only will you help equip other businesses with equipment of their own, but you’d also further bolster your finances so that you’re better able to respond to emergencies in the future. The proceeds from the sale of your unused (or under-utilized) equipment could even help you buy the equipment that you do need.

Prioritize Debt Repayments

If you’re paying off debt, it’s important to prioritize which you pay off first. You have to pay off those which have the highest interest rates first, especially if it’s a secured loan. With unsecured creditors, a safe approach is to treat all of them equally, which entails that you have to pay all of them something.                                  

Review Your Business Plan

Your business plan is the blueprint of what you want your business to be. This is going to form the entire basis for how you want your business to succeed, and it will often help you focus your efforts. It’s also important to review your business plans every now and then so that you’re able to adjust your direction according to the demands of the market. You have to ensure that your business plan reflects the current state of your business so that you’re able to make the necessary adjustments to your plans.

Address Problems ASAP

Ignoring problems will rarely have a desirable outcome. Sometimes, even the mere delay of a solution can damage your business significantly. If there are any problems that would affect your business, you have to address them immediately. A good example is if you’re having difficulty paying your employees or if it’s taking too long to do the accounting, you might want to consider utilizing a ytd pay stub instead to help streamline the process.

Running a business is not an easy venture. You have to be able to manage your resources as well as your teams properly in order to maximize your chances of growth and success. It’s far too easy to crash a business, especially if you lack the experience to manage one properly. May this information aid you well in steering your business on the right path.

Filed Under: Life Lesson

Wealthy Celebrities Accused of Sexual Harassment

March 28, 2020 By Leave a Comment

Women who experienced harassment are now more likely to speak out through social media and news outlets to share their own stories. The downfall of media mogul, Harvey Weinstein, led many women to come out and name other influential celebrities with incidents of sexual harassment. Here are some of the Hollywood men with accusations of sexual assault or harassment:

Ben Affleck

The Batman-actor was accused by MTV host Hilarie Burton of groping her in a 2003 “Total Request Live” appearance. Affleck, upon realizing the consequence of his past action, immediately sent an apology statement. Ironically, he issued his apology a day right after he criticized the behavior of Weinstein towards women.

Chris Brown

Chris Brown’s career is full of controversies and accusations of aggression towards women and domestic violence. He attacked his then-girlfriend, pop superstar Rihanna, in 2009. Brown pleaded guilty to one count of felony assault, and since then several other women emerged with claims of violence against the rapper.

In 2017, Brown’s ex-girlfriend Karrueche Tran received a restraining order grant right after she reported claims of threats and abuse from the With You singer. The following year, one more woman filed a case against him for holding her against her will while a friend raped her at his home in Los Angeles. Adding to Brown’s reputation was his legal trouble for multiple violent altercations and some fights as well.

In January 2019, a woman reported to the police that Brown, a friend of his, and a bodyguard, raped her inside one of Brown’s rooms. She told the police that several other women were also invited to his hotel after meeting him in a nightclub.

Sylvester Stallone

The world-famous actor and director, Sylvester Stallone, is up against a report of sexual assault back in the late 1980s. A police report from that period, refined by the Baltimore Post-Examiner website and the Daily Mail, indicates an unnamed teen, aged 16 then, gave her consent to have sex with Stallone in Las Vegas in 1986. The woman denied this and told the police that she did not consent to group sex when Stallone invited his bodyguard to participate in the deed. The Nevada law states that the age of consent is 16. Stallone’s representative, Michelle Bega, says that the allegation is categorically false and ridiculous.

Morgan Freeman

One of the world’s prominent actor, Morgan Freeman, is an 81-year old Oscar winner faced an accusation of unwanted touching, sexual harassment, and other inappropriate behavior by eight complainants. The CNN investigation published a report stating that a supposed pattern of abuse on women in movie sets and other events. The actor known for his distinctive voice denied the claim, calling the complaints undermining his 80 years of work in the industry. He added that, to his knowledge, he never promoted unsafe work environments for anyone who has ever worked with him.

R Kelly

The famous singer who popularized “Ignition” and “I Believe I Can Fly” also has his fair share of sexual abuse accusations. The R&B singer has been accused of sexual relations with young teens. The allegations on R. Kelly followed for decades, and another set of accusers came about acts of sexual coercion and physical abuse. A Buzzfeed report states that Kelly rented houses in Chicago and Atlanta for groups of women who would carry out sexual favors for him, which, of course, the singer vehemently denied.

Final Thoughts

A lot of the accused denied the accusations of sexual misconduct. But the law enforcement agencies prompted investigations which gave victims a little peace of mind. Sometimes, these people use their power and money to get what they want. Thankfully, the local business Clark, Clark & Noonan, LLC, gives proper representation against sexual crimes.

Filed Under: Life Lesson
« Previous Page
Next Page »