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Bob Mims CPA: The benefits of public accounting in Louisville

March 17, 2018 by admin Leave a Comment

Whether you are based in Memphis or a completely different area of the country, there’s no doubt that accounting can prove to be an extremely worthwhile career. In terms of the Louisville community specifically, this is somewhere which attracts the very best professionals out there – both in a private and public capacity. As the title of today’s post might have indicated, we are going to hone in on public accounting specifically – and show all of the benefits that are on offer if you venture down this route.

Sure, not everyone is able to opt for this career (you need to have a degree, with courses from Louisville Foundation University a good start). However, if you are looking for that career that might set you up for the early retirement on the golf course, let’s take a look at some of the benefits that a public accounting one might bring. These, have been drawn up alongside Bob Mims CPA; an individual who has a wealth of experience in this profession in the community.

The salary factor

The amount of money available as a public accountant has led some people to believe that they are effectively stealing money; the profession is so lucrative. Of course, a lot of hard work goes into their job and it is high-paid for a very good reason.

To put some hard and fast numbers into the picture, some public accounting audit managers reap in over $125,000 salary. Suffice to say, these aren’t small numbers, and are sufficient to immediately attract most people.

The demand is high

With such huge salaries on offer, it would be understandable to think that there are a surge of applicants. As it turns out, this isn’t the case.

Demand for public accountants is regularly outweighing supply, and the number of jobs available in this field is more than ever before. Not only this, but forecasts are suggesting that this isn’t a trend which is going to stop, it should continue like this for the next few years at least.

To summarize, public accounting isn’t a profession with just a pie-in-the-sky salary – it’s something that’s most definitely attainable due to a sincere shortage of people applying.

It’s completely diverse

In a field like accounting, there’s nothing quite worse than completing the same tasks over and over again. Fortunately, when it comes to public accounting, this is rarely the case.

Public accountants tend to have clients from all types of different backgrounds, meaning that those who work in the industry have opportunities to work in different areas. To coin some examples, an auditor might be able to work in the likes of manufacturing and government – even though the two are completely different on the face of it.

Sure, this can also happen with corporate accounting, but it’s definitely a lot less likely. That type of career is one which is regarded as being much more consistent and while this might suit some individuals, others prepare a more varied approach which occurs through the public route.

Filed Under: Finance, North America Tagged With: accounting, finance, Louisville, money, public accounting

Skills and education needed for the finance sector

March 28, 2017 by admin Leave a Comment

If you have an analytical mind, a passion for mathematics, or a love of all things money, then you may be well-equipped for a career in the financial sector. People with the right training in finance and accounting can often find lucrative careers in a host of different industries, from positions as financial analysts, to corporate money management experts.

Of course, just like any other field, if you want to get your hands on the best possible career opportunities, then you need to be prepared to build on the skills and education that are most sought after in the world of finance. From a bachelor’s degree, to a host of unique talents, we’re going to take a look at how you can prepare yourself for a career in the world of finance.

Earning your bachelor’s degree

One of the first things that you’ll have to do on the road to a career in finance is earn a bachelor’s degree. There are plenty of different specialties to choose from, from economics to accounting, and the one that you choose will depend on your own personal preferences. Whether you learn offline or online, you’ll find that a finance-based bachelor’s degree, such as Maryville’s bachelor’s in accounting, will teach you the basics of everything from business law, to income tax, and financial accounting.

As you learn more about finance, you might find that you’d prefer to specialize in a topic that focuses more heavily on things such as digital accounting, or you might prefer to develop accounting software programs. Your individual passions will help you to pinpoint exactly where your financial career should take you. Just remember that while you’re earning your bachelor’s degree, it might help to take supporting courses in databases, spreadsheets, and software management so that you can make your resume more competitive.

The skills you need in the finance sector

Being successful in the world of finance demands a lot more than just an education. Though the right courses can help you get in front of potential employers, you’ll also need to demonstrate particular skills that will make you more appealing to the people that you most want to work for. For example, some of the most crucial skills that you’ll need in the financial sector include:

  • Accounting skills: Accounting skills might include knowledge of the various mathematical techniques required to handle budgets and understand local regulations. You might be required to handle budgetary concerns depending on your conditions, and though you might not need to be a professional accountant, you will need to be comfortable enough to offer sound financial advice.
  • Analytical thought: Being able to think about different issues analytically is crucial for someone in the financial sector. This means being able to look at a situation with focus and accuracy, and understand how it works, what it means, and how you can respond appropriately. This skill is crucial in a range of different jobs, but it’s particularly important when working with money.
  • Technological know-how: As an account or financial expert, the chances are that you’ll be expected to work alongside some of the most advanced technology in the industry. The good news is that developments in this area have made it easier for people to find and process all of the information required to work in finance. However, you need to make sure that you can use that technology quickly and effectively if you want to be desirable in your field.
  • Communication skills: Finally, you will not only need to communicate clearly if you want to be able to give people in your industry financial advice, but you will also need to be able to inspire trust, otherwise no one will want you to work with their money. If you can’t communicate well in the world of finance, then you won’t have a chance at getting the best positions.

Becoming a financial expert

Becoming a financial expert requires a lot of dedication and time focusing on building your skills and education. However, with the right resources and a lot of motivation, you can end up giving yourself the background you need to access a fantastic and well-paying collection of job opportunities. What’s more, since careers in finance are always going to be essential to the world we live in, you can rest assured that there will always be jobs out there for you to apply for, as soon as you have your bachelor’s degree and the right skills in hand.

Filed Under: Business, Education Tagged With: accounting, business, education, finance, financial analysis, forex, skills, stocks

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  • The Fastest Cars on Earth
  • The Best Places to Get Easter Gifts

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