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 .

Pursue a career in accounting

accounting careers


You could say the first year pass unnoticed, out just to get used to in the face of real job-after years of learning theories and concepts on campus. Not many changes; salary is still small, still nagged tops, and specialized in accounting that would still be doing data entry, pengimput data, aka "handyman journal!"

I think it's reasonable. Where there may be a bold perusahaann submit financial affairs, more than just a record (journaling), the new accounting employees working one year. Managing the finances of a company is not an easy affair. One-one, can cause harm.

Is in his second year there is definitely rising career?

Not necessarily. Depending on the progress that has been achieved during the first year. Of the many accounting clerks who had become my subordinates, most of them, in the second and third years are still struggling (trying hard) to understand some special treatment of specific transactions that may have not occurred in the first year.

Some of the accounting treatment is usually not truly understand (still have trouble understanding), among others:

    Allocation of overhead costs to individual products - cost accounting (for manufacturing)
    The relationship between the price of manufactured goods to cost of goods sold (for manufacturing)
    Transactions involving foreign currencies (foreign currency accounting)
    Capitalization of costs related to intangible assets (intangible assets)
    Transfer pricing (for companies with subsidiaries / branches)
    Budgeting (capital and operational)
    Treatment costs associated with import activity
    Decline in value (impairment), revaluation and write-offs
    Make a statement of cash flows-which is often confused with the cash budgeting, cash transactions (or equivalent), and cash flow statement itself.
    Treatment and presentation of the ordinary items

And there are many more-varied, depending on what area of ​​business enterprises in place works. The most widely and frequently occur are: difficulty understanding the relationship between the 'Income Statement' with 'Balance'.

Difficulty understanding the relationship between the income statement to the balance sheet resulted in other difficulties that are very fundamental, among others: tidah can make corrections when errors journals known after closing the book.

For example: PT. MAP close the books every year on December 31. Dated January 10, 2012 it was realized that electricity costs are recognized too big period 2011. They do not know what account should be debited and credited to correct that mistake, because electricity costs account is closed, the book balance of the amount is zero.

Cases like this usually happens when the first year, closing process conducted by the principal-or accountant from outside. I personally, always involves all employees in the accounting section every time you close the book-even though it was not in the job description. Thus, all accounting Pagai have an equal opportunity to learn to understand the closing process.