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A career in Accounting is for the person who likes a fast pace and can accept significant responsibilities. In return, the potential rewards are very high. Your Accounting major prepares you for a career in banking, corporate finance, or investment brokerage just to name a few. The career path in Accounting leads to position titles of Vice President or Chief Financial Officer (CFO). The success of all modern organizations revolves around the financial decisions made by the financial officer. If you see yourself at the heart of an organizationís financial decision making then this major is for you. Please note that a good mind for analysis and an understanding of economics is essential to the study of Accounting.

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Listed below are a sample of possible job opportunities with an Accounting degree. The estimated Midwest median starting salary is listed with each position. Click on a job position to get a brief description of the job duties. Source: www.salary.com, November 2013

Accountant I - $41,700
Prepares balance sheets, profit and loss statements, and other financial reports. Responsibilities also include analyzing trends, costs, revenues, financial commitments, and obligations incurred to predict future revenues and expenses. Reports organization's finances to management, and offers suggestions about resource utilization, tax strategies, and assumptions underlying budget forecasts.
Accounts Payable Supervisor I - $45,400
Supervises activities in the accounts payable function. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate records and control reports. Responsible for preparing accounts payable register and related reports. A level I supervisor is considered a working supervisor with little authority for personnel actions.
Accounts Receivable Supervisor I - $45,400
Supervises activities in the accounts receivable function. Responsible for collection activities such as sending follow-up inquiries, negotiating with past due accounts, maintaining cash receipts and referring accounts to collection agencies. Maintains accurate records. A level I supervisor is considered a working supervisor with little authority for personnel actions.
Budget Analyst I - $46,100
Analyzes accounting records to determine financial resources required to implement programs and makes recommendations for budget allocations to ensure conformance to budgetary limits. Also responsible for reviewing operating budgets periodically in order to analyze trends affecting budget needs.
Cost Accountant - $45,000
Determines and implements cost accounting procedures and methods. Responsible for the preparation and analysis of cost reports and costing audits. Examines and reviews unusual cost records and ensures cost data is allocated correctly.
Cost Accounting Supervisor I - $60,300
Oversees the preparation and analysis of cost reports and costing audits. Identifies and examines costs inconsistent with projected values. A level I Supervisor is considered a working supervisor with little authority for personnel actions.
Cost Analyst I - $46,500
Provides cost analysis results to assist senior management in decision making or other financial initiatives. Performs variance analysis between actual and standard costs. Monitors, analyzes and reports on inventory valuation, production and various other costs. Provides productivity analysis.
Credit Analyst I - $42,300
Duties include researching and examining credit risks, assessing credit history, and approving or disapproving extension of credit. May work with accounts receivable department.
Financial Reporting Accountant - $47,700
Prepares financial statements for internal and external users. Collects and analyzes financial data, ensuring that all reporting is in compliance with SEC and GAAP reporting guidelines. Researches accounting rules and regulations and makes recommendations regarding company policy. Assists external auditors as needed.
Individual Retirement Account Service Representative - $31,200
Processes IRA account openings, transfers, distributions, and closures according to government regulations and company policies. Responds to customer inquiries.
Individual Retirement Account Specialist - $37,700
Develops IRA rate sheets and prepares transfers, distributions, and closures in accordance with government regulations and bank policies. Maintains retirement records and is responsible for current and proper financial statements and reports.
Internal Auditor - $46,100
Audits the accounting and financial data of various departments within an organization to ensure accuracy and compliance with government guidelines and laws. Identifies improper accounting or documentation and researches issues and makes recommendations to improve policies or procedures accordingly. May work with outside auditors to help reconcile discrepancies or support the external auditing function.
Loan Examiner - $39,100
Reviews or audits an organization's loan practices to ensure compliance with established laws and regulations. Analyzes loans to identify deficiencies or unsupported charges. Establishes authenticity and correctness of all records including transactions and other forms or documentation.
Tax Accountant - $46,000
Maintains tax records and prepares tax returns, related schedules, and related reports. Prepares paperwork for local, state and federal level returns.
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