![]() Managerial accounting focuses on collecting and analyzing financial information used to create business plans, forecasts, and budgets, as well as data used for performance evaluation.Ī background in accounting can also lead to a career as an auditor, employed within a company or by an outside organization to examine financial records and identify signs of mismanagement, waste, or fraud. ![]() Private accountants, often known as management accountants, instead prepare findings for internal use within an organization. Public accountants such as Certified Public Accountants (CPAs) are a familiar type of accounting professional, and they work with clients to produce legally-required financial documents such as balance sheet statements for investors or annual reports for taxation authorities. While accounting terminology is generally the same regardless of your job in this field, accounting careers can vary widely depending on the audience you are communicating to and for what purpose.
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