Wednesday, October 10, 2018

The CPA Ann Arbor Financial Profession

By Walter Perry


There are millions of professionals in the United States of America. Some of these professionals are certified accountants. There are thousands of professions out there. There are about a dozen finance professions. CPA Ann Arbor is a finance profession. The American dream involves going to university, studying a course, and subsequently getting a job that will facilitate a descent life. If one asks the typical American youths what they want to become in future, most of them will indicate that they want to pursue a certain professional line. There are those who will show passion in the area of finance and accounting.

Some people think that the CPA profession started some decades ago. They are wrong. That is not the case. The truth of the matter is that the accounting profession is as old as human civilizations. Humans started practicing accounting before they practiced modern day medicine or even knew about the concepts of civil engineering. Accounting is an ancient profession.

The modern day world needs accounting profession. That was also the case in the ancient world. Society can come to a grinding halt if there is no accounting. That is because the money system will stop functioning. As it is commonly said in America and also in other parts of the world, money makes the world to go round.

Modern day accounting is technology reliant. That was not the case in the past. Accounting mechanisms have advanced in every sense and respect. For quite some time, accounting was purely manual. That involved the employment of many accountants. In addition, all accounting documents were in paper form and they were stored in files that easily got lost or destroyed by pests.

Accounting is one of the most rewarding professions out there. Compared to the other professions, it has one of the highest job satisfaction rates. Most accountants usually work up to old age. Even after they retire, they still find themselves involved in accounting work in one way or the other. Accounting is also known for its many financial rewards.

The financial reward does not end with a salary. There will also be other benefits. In some companies, accountants are provided with free housing. In other cases, housing is provided at a subsidized cost. A company can have a loan facility for accountants where personal loans are offered at friendly rates. That facility can be used to purchase a car or a house.

Accounting involves more than one thing. There are different kinds of accounting. The accounting that most people know about is financial accounting. This is the original accounting. It is still practiced in America. As the name suggests, it deals with financial issues. There is also auditing. Books of a public company have to be audited independently by highly reputable external auditors.

To become a professional certified accountant, one has to go to school and study. Before he can be able to join college, he will need to pass his high school examinations. After high school, one can pursue a degree, diploma, or a certificate course. One will also have to undergo the process of certification before he can become a certified accountant in America.




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