How Businesses Track Their Income

Accounting Career Options Students Name Institution Accounting Career Options Accounting is a versatile discipline that provides the graduates of accounting education with numerous opportunities in the current job market. The accounting education mainly fits to the people who are passionate about understanding the inner operations of a business. According to the American Institute of Certified Public Accountants (AICPA)(2015), the two main career options for a person who has pursued an accounting education are to become an accountant or an auditor. The accountant positions are different including the corporate and financial accountants (Warren, Reeve Duchac, 2013). The accounting is mainly tasked with the role of collecting, recording, reporting and presenting the financial statements of the company. Thus, the accountant must be able to prepare the financial statements and reports. On the other hand, an auditor is tasked with the role to ascertain whether the information presented in the financial statements represents the free and fair view of the companys financial performance and operations. The auditors use the various auditing procedures and techniques ensure that the financial statements are prepared according to the managements policy as well as to the International Financial Reporting Standards (IFRS). According to the U.S Bureau of Statistics