What Accountants Have to Offer

"Life is like accounting, everything must be balanced." You have your debits and your credits, both of which MUST balance in your financial statements, otherwise you are the one to blame. Then you have life, which must balance somehow. Not much of an explanation is needed there, as I am sure most of us can agree. We balance life day by day as it happens. There are days when we sleep into hibernation and then there are nights when we cannot afford to rest our minds because our grades will take a fatal beating the next day.  Being an accountant comes with understanding a large number of concepts and being able to literally apply them all. I've previously stated in my previous post that accounting is nothing shy of being able to apply and understand each and every concept that is introduced.

The most basic position one can earn is a bookkeeper. Tasks associated with this role include keeping track of daily transactions, usually on smaller scale. In most businesses or companies, there would be a certified accountant above them to check their work when needed. One taking on this role would usually:

• Provide invoices
• Record basic transactions (debits and credits)
• Maintain and balance subsidiary and general ledgers

The median salary for a bookkeeper position is roughly $40,000. 

Other than a bookkeeper, one can hold the position as an accountant with many different titles. Some include managerial accountants, forensic accountants, financial accountants, etc. "Accounting is a high-level process that makes sense of information previously compiled, and produces financial models using that information." One taking on this position would:

• Prepare company/business financial statements
• Complete tax returns
• Aid in financial decisions on behalf of management
• Analyze cost of operations of running the business

The median salary for an "Accountant" position is $58,000.

When giving it some thought, what business owner would willingly want to stress themselves out and likely freak out over keeping records of the company's financial statements? Probably not a single one would volunteer because it is difficult, and necessary education is a must. Having an accountant dedicated to keeping proper records and statements of purchases and revenues would make running a business one hell of whole lot easier.

Without the organization and education granted with accountants, businesses could not be run. Inventory would be lost or likely unaccounted for way too often and eventually companies would go out of business. Businesses and companies are complex systems designed to collect profit and have a huge role on a country's economy. Without an accountant, profits would not be distinguishable as the organization factor of the company's currency is void without an accountant. Accountants are everywhere.There are in our banks all around the world, where most of our nations money is stowed away. These accountants in our banks work to organize and redistribute every bit of the billions upon billions of dollars to keep our GDP and the world's economy up and moving. That is a role not very many are willing to take. Banks are the hub of currency. People rely on banks to safely hold and keep track of their money. Any money wrongfully misplaced, comes back on the accountant who made a mistake. I see accountants similar to surgeons in a way. There are two things you don't play with in this world; you do not play with someone's life and you do not play with someone's money.