I Want a Career In Accounting

Links to Other Majors:

Possible Career Options

  • Entrepreneurial and Small Business Ventures
    • Entrepreneur:

      An entrepreneur is someone who starts their own business. They organize, manage, and assume the risks of the business.

    • Actuary:

      Actuaries use their analytical skills to assess the probability of events occurring in relation to insurance, such as casualties, health, and property. Actuaries are usually employed by insurance companies, but governments, pension planning organizations, and third-party advisors may also require them. Strong mathematical skills are a necessity for this position.

    • Bank Examiner:

      A bank examiner analyzes all activities that take place within a bank. The analysis is done to determine whether the bank is running in accordance with federal laws regarding operations, performance, and management capacity.

    • Commercial Banker:

      A commercial banker works in the corporate division of a bank. It is the job of the commercial banker to retain the existing business as well as generate new business for the bank.

    • Financial Analyst:

      Financial analysts are generally employed by investment banks. Their duties include the analysis of a company’s position for the purposes of valuation for IPOs, mergers and acquisitions, and other company needs. This job requires someone who is good with numbers, enjoys research, has a broad understanding of finance, and is willing to put in long, demanding hours.

    • Financial Planner:

      A financial planner studies their clients’ financial position and future goals to determine the tools necessary to reach those goals. They deal with minimizing tax bills, education planning for children, retirement, and sometimes short-term investing. A position of this nature requires someone with strong interpersonal skills.

    • Loans Officer:

      A loans officer is in charge of evaluating and approving loans applications. They also counsel borrowers on their financial status and the various methods of payment.

    • Stockbroker:

      Stockbrokers are in the business of selling stocks, bonds, insurance, and other investments to individuals. This is a tough business to get started in, but the rewards to a person with good interpersonal skills and great sales skills are high.

  • General Areas
    • Accountant:

      An accountant analyzes financial information and prepares financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, and other financial activities within an organization.

    • Appraiser:

      An appraiser values property for the purpose of pricing, investment, mortgage, or loans. An appraiser will also consider location and trends that may change the future value of the property.

    • Claims Adjuster:

      A claims adjuster works with people on their insurance claims after they have experienced a loss. It is important that the adjuster settles claims so that they are fair to all involved. Some adjustors work in an office while others work out in the field.

    • Financial Aid Officer:

      Financial aid officers direct scholarship, grant-in-aid, and loan programs to provide financial assistance to students in college or university. They may also select candidates and determines types and amounts of aid.

    • Fundraiser:

      A fundraiser plans fundraising programs for charities or other causes, and contacts individuals or establishments to solicit funds or gifts-in-kind.

    • Insurance Agent/Broker:

      Insurance jobs exist to help businesses and individuals manage their risk. There are numerous types of insurance, all of which help minimize the loss if a problem occurs. The insurance agent is the person who actually sells the insurance to those who wish to minimize their risks.

    • Professor:

      A professor is generally found in a university setting teaching students at the university or post-grad level. This position requires a PhD. in the professor’s teaching area.

  • Information Systems
    Systems Analyst:

    Systems analysts solve computer problems and enable computer technology to meet the specific needs of an organization.

  • Medium and Large Business
    • Audit Manager:

      An auditor’s job is to check the financial statements of corporations and governments to make sure that they have been prepared correctly and accurately. This job requires a good understanding of financial statements and computers.

    • Benefits Analyst:

      Benefit analysts conduct programs for employers and may specialize in specific areas such as position classifications or pensions.

    • Budget Accountant:

      A budget accountant analyzes past and present financial operations and trends in order to produce a budget for the future.

    • Budgetary Control Analyst:

      Budget analysts are responsible for developing and managing an organization’s financial plans. There are plenty of jobs in this area in government and private industry. Besides quantitative skills, many budget analyst jobs require good people skills because of the negotiations involved in the work.

    • International Trade Specialist:

      An international trade specialist counsels companies on all aspects of international trade. This includes counselling on shipping requirements, export regulations, export documentation, import requirements, foreign standards, trade agreements, and many other international issues.

    • Management Accountant:

      Management accountants work for companies and help in capital budgeting decisions and business analysis. Major functions include cost analysis, analysis of new contracts, and expense control. Often management accountants work with marketing and finance to develop new business for their company.

    • Marketing/Sales Manager:

      Sales managers are in charge of a company’s sales program, from training new sales representatives to setting goals for the sales department. The sales manager also gathers information on company sales to analyze it for forecasting purposes.

  • Tax
    • Tax Accountant:

      Tax accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, mergers and acquisitions, deferral of taxes, when to expense items, etc. This work requires a thorough understanding of economics and the tax code.

    • Tax Compliance Specialist:

      A tax compliance specialist investigates, collects, and enforces payments of tax liabilities. They also provide taxpayers with assistance and perform other related duties.

Professional Associations and Organizations

  • Chartered Professional Accountants Canada
    The internationally recognized CPA designation can be obtained through either the CPA Professional Education Program or a CPA accredited master's program such as the MPAcc (Masters of Professional Accounting) program. Chartered Professional Accountants can work in all sectors of the economy, but are generally divided into five segments: public practice, industry, government, education, or not-for-profit.
  • Association of Certified Forensic Investigators of Canada

    The Association of Certified Forensic Investigators is a Canadian non-profit accrediting organization responsible for administering the Certified Forensic Investigators' programme in Canada. The ACFI also promotes and fosters a national forum and governing body for the affiliation of professionals who offer to the public, governments, and employers, their expertise and services in the areas of fraud prevention, detection, and investigation, as well as liaison with other non-profit associations for the purpose of promulgating fraud awareness. Memberships are available.

    Certified Forensic Investigators (CFIs) are professional fraud investigators who have a combination of experience and education. These elements, coupled with the CFI examination and a good business sense ensure that when a candidate earns their CFI designation they will have acquired the competencies that the market demands. Certified Forensic Investigators are valued for their integrity and expertise.

    CFI members come from a wide variety of public and private sectors. While some may own and operate their own businesses providing services to the public, others may be employed by organizations. CFIs may be:

    • accountants
    • forensic and investigative accountants
    • forensic investigators
    • fraud examiners
    • human resources specialists
    • internal auditors
    • law enforcements
    • lawyers
    • loss prevention professionals
    • private investigators
    • risk managers
    • regulators

    CFIs may also provide fraud-related training to educational facilities, government, and businesses. 

  • Association of Certified Fraud Examiners
    The Association of Certified Fraud Examiners is the world's largest anti-fraud organization, and a provider of anti-fraud training and education. The Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection, and deterrence. Certified Fraud Examiners generally work in audit, law enforcement, anti-fraud consulting, management, or education. Student memberships are available. Take a look at their career centre for information on sample career paths, profiles of those with the CFE designation, and other useful information.
  • The Institute of Internal Auditors
    An international professional association, the Institute of Internal Auditors is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Generally, members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security. Student memberships in the IIA are $35 and provide a host of benefits such as career resources, networking, members-only webinars, and research reports and guidance. Take a look at the Audit Career Centre for more information on launching your internal audit career.
  • Canadian Institute of Chartered Business Valuators

    The Canadian Institute of Chartered Business Valuators establishes the practice standards, educational requirements, and ethical quidelines, which promote the integrity of the Chartered Business Valuator profession in Canada.

    A Chartered Business Valuator quantifies the value of a business, its securities, or its intangible assets. CBVs use a variety of valuation methodologies to arrive at a conclusion, and explain their approach, methodology, and conclusions in an easy to understand manner. In the context of litigation, CBVs quantify the damages or losses arising in a legal dispute. Check out posted employment opportunities to see who's hiring and the kinds of opportunities available in the business valuation profession.