Career Opportunities in Accounting and Finance

Career Opportunities in Accounting and Finance

Included in the non-profit sector, including:

1. Foundation (Foundation)

Is the foundation of accounting and finance employees need? Obviously YES. Imagine Bill Gates's Foundation (for international) or Foundation Ciputra or Bakrie Foundation (for the national scope), for example, how their asset turnover? What is the amount of cash used each month?

Very large, perhaps even larger than medium companies. I can not imagine how they do without the accounting and financial management.

Large foundations like that even manage many areas of activity (such division in the profit-oriented enterprise). Not a few foundations that must report their financial position under audited by a public accountant. At the foundation of it, a complete accounting staffing, like a big company.

Certainly more foundations are classified as small and medium enterprises, but they also still need accounting and finance employees, at least maybe Bookkeeper, whose work is still to be evaluated by accountants and tax consultants at the end of the year.

Overall I can say here that, in the foundation of career opportunities are open for the accounting and finance. They also need a special person who is able to handle bookkeeping and financial reporting.

What needs to be prepared for a career in the foundation?

Foundation or foundation, in performing its activities, not much different from for-profit companies. But there are some things that typical, judging from the accounting aspects, among others: the sebegian their income in the form of donations (donations) derived from funders (either fixed or not fixed), fixed assets they may be largely derived from donations (donations) also , did not know the term capital, not familiar with the term profits (because they belong to a nonprofit).

Thus the need to be prepared, among others:

    Skills to operate a computer, it's basic, it certainly should.
    Proficient use of computer applications such as Excel and words, as well as basic, must.
    Ability to operate a particular accounting software is also important.
    Mastering technical financial accounting in general (ranging from registration to reporting) should be.
    Mastering the special accounting treatment foundation (non-profit), mastered SFAS 45 (Financial Reporting Entity Non-Profit) will be a plus.
    Mastering the technical calculation and reporting of taxes, special foundation (non-profit), can also be a plus.

2. Cooperative

Is the cooperative requires accounting and financial personnel? Obviously YES. But like foundation, size or scale koperasipun diverse, ranging from small to large. Most definitely, no matter how cooperative-scale tax-compulsory reporting, bookkeeping means there are at least as a basis for tax reporting, although it may be simple.

The most basic activities of cooperatives are savings and loans, from-and-to members. In a large enough scale, cooperative savings and credit also serve the public, especially small traders in the markets or grocery stores. For that, it would need the accurate recording and reporting and accountability, as well as operational management.

The last decade, the cooperative is no longer merely engaged in the savings and loans, Not a few cooperatives engaged in the trade. Cooperatives are quite large even had a mini network, outlets, outlets, to supermarkets everywhere.

I can not imagine how they operate without accounting and finance. One of my clients is a cooperative is large enough, they even have the accounting, financial and tax-equipped, like industry, trade and services. So I dare say that the chances of a career in the cooperative are also very open.

What needs to be prepared for a career in the Cooperative?

Cooperative orientation is non-profit and special serving its members, but its activity is like a non-cooperative. So that both the accounting and tax treatment is not much different. For cooperatives engaged in the trade exactly like trading business (trading and retailers) in general that include purchasing, inventory, cost of goods sold, accounts receivable and accounts payable.

There are peculiarities, which would specifically regulated, both in terms of accounting and taxation. One of the main characteristic of the cooperative is cooperative income, especially those engaged in the savings and loans, where most of the members in the form of deposits sourced-from basic savings, mandatory to voluntary. Profits distributed dividends not called, but the "windfall profits" (SHU).

So that needs to be prepared the same as in the foundation, it's just that there are some extra special skills that must be mastered in addition to the things that are basic, such as:

Special accounting treatment of cooperatives (master SFAS 27 for general cooperative and Cooperative SFAS 104 for Sharia).
Technical calculation and reporting of certain tax specifically for cooperatives may be somewhat different (either exceptions or additional liability .