Every business, small, medium or large, does require a complete track of its accounts in order to track the money, pay appropriate taxes and venture new sections of business. In a state like Missouri, businesses are now flourishing rapidly and hence businessmen are searching for accountants who could keep a complete record of vital assets, especially financial flow.
Here are some of the important requirements in order to undertake the career of accountants in Missouri-
Requirements: Many firms and businessmen often prefer accountants who have a bachelor's degree in accounts or finance. Although, job in reputed firms may also require master's degree as intense competition is always around the corner. The scope and career options in accounting are vast and most accountants opt for a specialty in any specific field. Some of the main types of accountants include- Public Accountant, Management Accountant, Internal Auditors and Government Accountants. The main work which accountants undertake include auditing, accounting, tax consulting, keeping records of companies in business ventures, etc. To enhance job opportunities you might require licenses. A Certified Public Accountant (CPA) has more clients as compared to non license holder accountant who in turn increases income options; however, a CPA has to pass a national exam and is entitled to complete 150 semester hours before applying. The important skills associated with accountants include mathematics, analysis and organization.
Payment: Almost all accountants and auditors work in offices as a full time career; with approximately 40 hours per week as work time. However executives and special accountants can have an extended work time of around 50 hours. The tax season lasts from January to April and the work load is at its peak. According to the Bureau of Labor Statistics' report of May 2011, the mean average annual wage of accountant is around $70,130; whereas when the state of Missouri is concerned, the annual average wage is around $61,850. Between 2010 and 2020, the growth of employment is projected to about 16%-with employment in 2010 being 1,216,900; employment in 2020 projected to be 1,407,600.
Here are some of the colleges and universities in Missouri which offer various bachelor's and master's degree program in accounting and finance which are essential for a better prospects in the field of accounts.
The colleges which offer master's degree also offer bachelor's degree with the same subjects.
Recent financial crisis has a wide effect on the corporate sector which has helped to increase the focus of accounts and financial records. Strict laws associated with the financial sectors are creating new hope and opportunity in the field of commerce and accounts.