Becoming an Accounting Manager and what this Profession Entails

Accounting management is a department within a company that maintains and controls the financial health of an institution or organization by applying management techniques and methods which assess, plan, implement, and oversee programs that utilize financial data in order to make financial decisions. Accounting managers use these programs to analyze and view reports and other financial statistical information to make day-to-day, short-term, and long-term financial decisions for the company. Their other responsibilities include preparing financial statements, reports, documents, and forecasts to present to other associates; monitoring and maintaining the company’s finances; overseeing employees who are in charge of  budgets and financial reporting; researching ways to reduce costs; examining market trends; and assisting other management in the company’s financial decisions.

In order to become an accounting manager, one must complete a degree in business, economics, finance, or accounting. A bachelor’s degree in accounting takes four years to complete and upon completion, students may acquire entry-level positions in the accounting or business industry. However, in order to obtain management positions, students must continue onto a master’s degree in accounting or business. During their educational career, students are educated in areas such as financial accounting, business law and ethics, microeconomics, macroeconomics, accounting management, income taxation, accounting software applications, mathematics principles, accounting theory, and fraud examination. Upon completion of a master’s degree program in accounting or business, students must gain on-the-job experience by working under the supervision of an experienced accounting manager at a business firm, law firm, accounting firm, or corporate office.

In addition to the education and experience requirements, students must encompass certain skills and qualities which are essential for success in this industry. Accounting managers must have exceptional analytical and problem-solving skills. They must be able to recognize the appropriate solutions to various issues and make sensible and effective decisions based on the available information. Accounting managers must be comfortable with using mathematics since they work with mathematics and statistics principles on a daily basis. Exceptional interpersonal skills are important since accounting managers interact with employees as well as upper management consistently. They must actively listen to others and be able to offer advice and assistance whenever needed. Accounting managers must have good organization skills since there are times when they will have to handle a few different projects at once. Having positive leadership skills is necessary. They must be able to motivate and encourage their employees while always leading by example.

Those who encompass the skills and personality traits mentioned above, as well as excel in the bachelor’s and master’s degree program in accounting or business, will no doubt be successful in this demanding but rewarding profession.

The following links are related to pursuing a career in the accounting management industry.

http://www.educationchoices.com/

http://www.allbusinessschools.com/business-careers/article/role-of-the-management-accountant

http://www.wikihow.com/Become-a-Certified-Management-Accountant-(CMA)

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Mark Shaftsbury

About Mark Shaftsbury

Mark Shaftsbury has a background in economics and found a passion for writing after a long career abroad. He currently lives in the USA and works for a very well-known American company. He writes articles which involve his knowledge in the business industry as well as articles about education. He is a baseball enthusiast and may be found online blogging about his favorite baseball teams as well as his daughter's journey through life.

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