Mabelle Mariano’s Post

Exploring the Accounting Career Ladder: Public vs. Private Accounting When it comes to building a career in accounting, choosing between public and private accounting is a pivotal decision that can shape your professional journey. Both paths offer unique opportunities, challenges, and rewards, making it essential to understand how they differ to make an informed choice. 🔹 Public Accounting Public accountants work with a variety of clients, providing services such as auditing, tax preparation, and consulting. The diversity of work helps public accountants gain exposure to different industries and businesses, making it an excellent choice for those looking to sharpen their technical skills and gain broad experience early in their career. Public accounting firms typically follow a structured hierarchy: • Entry-level (Staff Accountant): Handling basic accounting tasks and assisting with audits. • Senior Accountant: Overseeing the work of junior accountants and taking more responsibility for client accounts. • Manager/Director: Managing multiple client projects and teams, with a focus on client relations. • Partner: The pinnacle of public accounting, where you hold equity in the firm and manage a portfolio of clients. Public accounting often involves rigorous work schedules, especially during busy seasons, but the variety of work and exposure to multiple clients can fast-track your growth. The CPA (Certified Public Accountant) license is typically required or highly encouraged, which opens doors to leadership positions. 🔹 Private Accounting On the other hand, private accountants work within a single organization, handling its internal financial matters. This includes budgeting, financial reporting, and internal auditing. Private accounting allows professionals to develop deep expertise in a specific industry, offering stability and a more predictable work environment. The career ladder typically looks like this: • Entry-level (Junior/Staff Accountant): Handling day-to-day financial operations. • Senior Accountant: Taking charge of financial reporting and leading accounting processes. • Accounting Manager: Overseeing the accounting department and financial reports, with a focus on improving processes. • Controller/CFO: Leading the entire financial operations of the company, from strategy to reporting. Private accounting offers a more consistent workload compared to public accounting, and while a CPA license is valuable, it's not always required. Career progression in private accounting may take more time, but the depth of experience within a specific organization or industry can be highly rewarding. #AccountingCareers #PublicAccounting #PrivateAccounting #CareerPath #CPA #FinanceLeadership #AccountingLadder #BusinessStrategy

There has been an (un?)surprising amount of news about the talent shortage in accounting and auditing. Check out this article from @Brian Blood and @Johnny Yong at the @International Federation of Accountants. Key takeaways: • Over 300,000 U.S. accountants left their jobs between 2020-2022, a 17% decline • Undergraduate enrollment in accounting programs has seen the largest fall in 50 years • Factors contributing to the decline include dissatisfaction with pay, lack of work-life balance, and concerns about technology If your business is looking for a reliable accountant or auditor and struggling to hire internally, please reach out. Our team members have a wide variety of experience in various industries and business-types. We would love to work with you. https://bit.ly/3VUWWaC

Exploring the Accounting Career Ladder: Public vs. Private Accounting When it comes to building a career in accounting, choosing between public and private accounting is a pivotal decision that can shape your professional journey. Both paths offer unique opportunities, challenges, and rewards, making it essential to understand how they differ to make an informed choice. 🔹 Public Accounting Public accountants work with a variety of clients, providing services such as auditing, tax preparation, and consulting. The diversity of work helps public accountants gain exposure to different industries and businesses, making it an excellent choice for those looking to sharpen their technical skills and gain broad experience early in their career. Public accounting firms typically follow a structured hierarchy: • Entry-level (Staff Accountant): Handling basic accounting tasks and assisting with audits. • Senior Accountant: Overseeing the work of junior accountants and taking more responsibility for client accounts. • Manager/Director: Managing multiple client projects and teams, with a focus on client relations. • Partner: The pinnacle of public accounting, where you hold equity in the firm and manage a portfolio of clients. Public accounting often involves rigorous work schedules, especially during busy seasons, but the variety of work and exposure to multiple clients can fast-track your growth. The CPA (Certified Public Accountant) license is typically required or highly encouraged, which opens doors to leadership positions. 🔹 Private Accounting On the other hand, private accountants work within a single organization, handling its internal financial matters. This includes budgeting, financial reporting, and internal auditing. Private accounting allows professionals to develop deep expertise in a specific industry, offering stability and a more predictable work environment. The career ladder typically looks like this: • Entry-level (Junior/Staff Accountant): Handling day-to-day financial operations. • Senior Accountant: Taking charge of financial reporting and leading accounting processes. • Accounting Manager: Overseeing the accounting department and financial reports, with a focus on improving processes. • Controller/CFO: Leading the entire financial operations of the company, from strategy to reporting. Private accounting offers a more consistent workload compared to public accounting, and while a CPA license is valuable, it's not always required. Career progression in private accounting may take more time, but the depth of experience within a specific organization or industry can be highly rewarding. #AccountingCareers #PublicAccounting #PrivateAccounting #CareerPath #CPA #FinanceLeadership #AccountingLadder #BusinessStrategy

Teachable; When asked why I chose this particular industry, I can confidently say that my experiences and insights clearly illustrate my decision. This essay effectively conveys my perspective on the matter.

In the world of accounting, there are several motivational factors that can inspire and drive professionals in their careers. Here are some key aspects that make the accounting field exciting and rewarding: 1. **Problem-Solving**: Accountants often deal with complex financial issues and challenges, requiring them to use their analytical skills to solve problems. The ability to untangle intricate financial puzzles can be intellectually stimulating and rewarding. 2. **Continuous Learning**: The accounting field is constantly evolving, with new regulations, technologies, and trends shaping the industry. Accountants have the opportunity to engage in lifelong learning to stay up-to-date with the latest developments, which can be intellectually stimulating and personally fulfilling. 3. **Financial Expertise**: Accountants play a crucial role in helping businesses and individuals manage their finances effectively. The expertise they bring to financial planning, budgeting, tax compliance, and other areas can have a significant impact on the success of their clients or employers. 4. **Career Opportunities**: Accounting offers a wide range of career paths, including public accounting, corporate finance, government accounting, forensic accounting, and more. This diversity of career options provides accountants with the flexibility to explore different areas and advance in their chosen specialization. 5. **Ethical Responsibility**: Accountants are entrusted with maintaining the integrity and transparency of financial information. Upholding ethical standards and ensuring compliance with regulations are central to the profession, giving accountants a sense of purpose and responsibility in their work. 6. **Financial Stability**: Accounting is a stable and in-demand profession, offering competitive salaries and job security. The financial stability that comes with a career in accounting can be a motivating factor for individuals seeking long-term career growth and prosperity. 7. **Impact and Influence**: Accountants have the opportunity to make a real difference in the financial health and success of businesses and individuals. Their expertise and insights can contribute to strategic decision-making, financial planning, and overall business growth. Overall, the motivational aspects of accounting life revolve around the intellectual challenges, continuous learning opportunities, career growth potential, ethical responsibilities, financial stability, and the ability to make a positive impact on businesses and individuals through financial expertise. These factors combine to make accounting a rewarding and fulfilling profession for those passionate about numbers, analysis, and financial management. #mnc #Like #post

Choosing Between Industry and Public Accounting: Pros, Cons, and How to Decide As an accountant, choosing between industry and public accounting is a significant career decision. Each path offers unique experiences and opportunities. 💼 Industry Accounting💼 Pros: ✅ Stability: Industry roles often offer more job stability and fewer uncertainties. Work-Life Balance: Generally, industry roles have more predictable hours, allowing for a better work-life balance. ✅ Specialization: You become deeply familiar with a particular company's operations and industry practices. ✅ Career Growth: Clear career progression paths within the company. Cons: ✅ Limited Variety: Work can become repetitive over time. Slower Skill Development: Focus is often on specific tasks relevant to the company. ✅ Office Politics: Long-term tenure can lead to involvement in office politics. 💼 Public Accounting💼 Pros: ✅ Diverse Experience: Exposure to a wide range of clients and industries accelerates learning. ✅ Professional Growth: Prestigious firms offer strong career foundations and opportunities. ✅ Networking Opportunities: Client-facing roles help build a vast professional network. ✅ Certification Support: Firms often support obtaining professional certifications like CPA. Cons: ✅ Long Hours: Demanding work schedules, especially during busy seasons, can lead to burnout. ✅ Travel Requirements: Frequent travel to client sites can be challenging. ✅ High Pressure: Fast-paced environment with tight deadlines can be stressful. ✅ Employee Turnover: High turnover can disrupt team dynamics. How to Choose Consider these factors when deciding between industry and public accounting: 📍 Career Goals: If you aim to become a specialist or rise to a senior role within a company, industry accounting might be the right fit. For a broad foundation and prestigious experience, public accounting is ideal. 📍Work-Life Balance: If you value a predictable schedule and stability, industry accounting is suitable. If you can handle long hours and travel for diverse experiences, public accounting may be appealing. 📍Learning Style: If you thrive in a dynamic environment, public accounting offers variety. For in-depth knowledge and consistency, industry accounting is better. 📍Personal Preferences: Public accounting requires strong interpersonal skills and pressure handling, while industry accounting suits those who prefer routine and deeper engagement with one organization. Both career paths offer rewarding experiences with unique benefits and challenges. By considering your goals, work-life balance, learning style, and preferences, you can make an informed decision that aligns with your aspirations. Which environment do you think would best support your professional growth and personal satisfaction? #accounting #finance #learning

Admitting to a problem is the first step toward finding a solution.   Last week, Jobs and Skills Australia released the Australian Occupation Shortage List with the inclusion of tax accountants and auditors. The inclusion of accounting occupations to the list should signal future training funding and policy decisions to address the talent shortage. While Chartered Accountants Australia and New Zealand welcomed the addition of the occupations to the list, the body said other accounting roles not included on the list have also experienced a critical shortage in talent. Simon Grant, CA ANZ group executive advocacy, said “While we are pleased to see tax accountants and auditors included on the List, we are disappointed to see critical accounting occupations missing, including management accountants and general accountants.”   As a recruiter in the space, it is encouraging to hear the government’s involvement in addressing a significant challenge to one of the country’s most crucial infrastructures. This could lead to easier avenues for overseas professionals to work in the country and accounting graduates better equipped with knowledge to excel in a career in taxation or audit.   Read more here: https://lnkd.in/du9CFt8h   #peoplefirst #leadgroup #accountant #accounting #CAANZ

A talent reality for all executives is that it’s far less expensive to retain good people than to hire them. In no corporate discipline is that truer than finance — especially at growing companies, which must continually replenish their accounting staff as they scale up. A new report on talent retention from the Pennsylvania Institute of Certified Public Accountant (CPA) Accountants (PICPA) is aimed at informing accounting firms, but many of its insights are relevant to other companies employing CPAs. This similar issues facing other accounting bodies like CPA Ontario or Chartered Accountants Australia and New Zealand

The Highs and Lows of Being an Accountant in the Corporate World The life of an accountant in the corporate sector is a unique journey filled with both rewarding moments and significant challenges. Some ups and lows identified based on my experience👇👇👇 The Ups: 💡 Value Creation: Accountants play a crucial role in shaping financial strategies, ensuring that businesses remain profitable and compliant. Every report you create has the potential to influence major decisions. 🚀 Growth Opportunities: With continuous learning and professional development, accountants have many opportunities to climb the corporate ladder or specialize in niche areas like tax advisory or auditing. 🔒 Job Security: The need for accurate financial management ensures that skilled accountants are always in demand. The Downs: ⚡ Pressure Pressure and more Pressure 😁✨: The corporate world thrives on tight deadlines, especially during financial close or tax seasons. Stress can be a constant companion. 🔄 Repetitiveness: Some aspects of accounting can become routine, leading to a feeling of monotony, especially for those who thrive on variety. 📚 Evolving Regulations: With ever-changing tax laws and financial regulations, accountants must continually adapt and upskill to stay compliant, which can be mentally demanding. Despite these challenges, accounting remains one of the most vital professions in the business world. If you're an accountant, you're not just a numbers person—you're a trusted advisor, a strategist, and an essential part of a company's success story. How do you navigate the ups and downs in your accounting career? Let’s share our experiences and grow together! 💼📊💪 #AccountingLife #CorporateWorld #FinancialLeadership #AccountantsJourney

Understanding the Role of Staff Accountants in Public Accounting Firms Staff accountants in public accounting firms play a pivotal role in keeping businesses financially healthy and compliant. Their work goes far beyond crunching numbers; they’re the backbone of a firm's financial operations and client success. Here’s what makes their role so unique: 📊 Diverse Client Exposure Staff accountants often work with clients across various industries, gaining exposure to unique challenges and solutions. This diversity not only enhances their skill set but also builds a strong foundation for career growth. 📂 Mastering the Fundamentals From preparing financial statements to assisting with audits and tax returns, staff accountants gain hands-on experience with essential financial processes. These are the building blocks of expertise that future leaders in the field rely on. 🛠️ Problem Solvers at Heart They dive into reconciliations, resolve discrepancies, and ensure compliance with regulations. Their analytical mindset and attention to detail make them invaluable problem solvers. 🌟 Pathway to Expertise Public accounting firms are known for their fast-paced, dynamic environments. Staff accountants quickly develop technical proficiency, client communication skills, and a strong understanding of GAAP and tax regulations—all essential for advancing their careers. Whether you're just starting in accounting or are curious about this career path, staff accountants set the stage for long-term success in the financial world. Are you or someone you know a staff accountant? What has your experience been like? I’d love to hear your thoughts! #Accounting #CareerGrowth #PublicAccounting #FinanceJobs