Positions in Business and Industry Accounting
CPAs in business and industry work for companies ranging from family-owned businesses to Fortune 500 companies. They are considered strategic business partners of their organizations and work in a variety of different areas including the positions listed below. credential - enhancing and powering your experience and career path.
Staff-Financial Accounting & Reporting (1-3 years) works under the direction of a Senior Accountant performing detailed work assignments in one or several of the following areas: receivables, payables, payroll, property, general ledger and financial statements.
Staff-Management Accounting (1-3 years) works under the direction of a Senior or Manager in collecting detailed cost data. May be responsible for preliminary cost analyses and report preparation.
Staff-Tax Accounting (1-3 years) works under the direction of a Senior or Manager in preparing returns or various schedules for review.
Staff-Internal Audit (1-3 years) works under the direction of a Senior or Manager in conducting compliance audits and tests internal controls and information systems.
Senior-Financial Accounting & Reporting (3-6 years) supervises the work performed in one or more of the general accounting areas such as receivables, payables and financial reporting. May also be responsible for special reports and analyses involving financial data.
Senior-Management Accounting (3-6 years) is typically responsible for a segment of the overall management accounting system and is often assigned special or project cost studies.
Senior-Tax Accounting (3-6 years) is responsible for one or more of the following areas: federal, state, and local income taxes; sales tax, property tax, or payroll tax.
Senior-Internal Audit (3-6 years) supervises the testing of internal control and accounting information systems. Frequently conducts statistical samples of document approval, performs special tests to uncover defalcations and performs operational audits for profit improvement recommendations.
Financial Accounting & Reporting Manager (6+ years) assists the Controller and is often charged with responsibility for one of the functional areas such as financial accounting or budgetary planning and control. Will coordinate and direct the work of personnel involved in detailed accounting entries, internal financial reporting and financial statements.
Management Accounting Manager (6+ years) directs staff responsible for developing and modifying the management accounting system. Develops product costing techniques, institutes cost control measures, insures timely and accurate labor, material, and overhead reports, supervises the undertaking of special cost studies and periodically reviews allocation of overhead costs.
Tax Manager (6+ years) reports to the Controller and directs the staff responsible for determining the organization's liability to various taxing authorities for income tax, licenses, sales tax, property tax and payroll tax. Also analyzes the effect of tax accounting alternatives and studies laws and regulations to ensure correct application of new tax measures.
Internal Audit Manager (6+ years) directs the staff responsible for systematically sampling the adequacy and the reliability of the internal control systems. Makes recommendations for changes as needed, and ensures that company policies and procedures are followed and establishes the proper techniques to discover and prevent fraud. Also selects areas of concern for operational auditing
Assistant Controller reports to the Controller and assists in the supervision of day-to-day collection and interpretation of accounting data. Oversees statutory and management reporting functions, though scope varies with firm size. Prepares detailed journal entries and account analyses. May assist in tax return and financial statement preparation.
Controller functions as the Chief Accounting Executive responsible for organizing, directing, and controlling the work of the accounting personnel in collecting, summarizing and interpreting financial data for the use of management, creditors, investors, and taxing authorities. As a member of the top management team, helps develop forecasts for proposed projects of the organization, measures actual performance against operating plans and standards, and interprets the results of operations for all levels of management.
Chief Financial Officer (CFO) Advises the President or CEO of the organization with respect to financial reporting, financial stability, liquidity and growth, and financial strategy, design and execution. He or she directs and supervises the work of the Controller, Treasurer, and sometimes the Internal Auditing Manager. Other duties may include maintenance of relationships with stockholders, financial institutions and the investment community. Frequently, the CFO is a member of the Board of Directors and/or the Executive Committee and, as such, contributes to overall organization planning, policy development and implementation.
Positions are available as an Audit Committee Chair or Audit Committee Member for public companies, private companies and not-for-profit organizations.