Public and Private Accounting

Which One is Better for You?

Brady Ludvik

Public Accounting vs. Private Accounting

The difference between a public and privadte accoutant is that a public firm can do work for any other company that can purchase their services, while a private accountant works for one specific company.

Some PRivate Accounting Carrers

  • Management Accounting
  • Internal Accounting
  • Government Accounting
  • Internal auditing

Some Well Known Public Accounting Firms

  • KPMG
  • Deloitte & Touche
  • PriceWaterhouseCoopers
  • Ernst & Young

To become a CPA you must have certain qualifications such as having a bachelor’s degree, 24 units of business related subjects, passing and ethics course, passing the CPA exam, and having 2 years of general accounting experince beeing supervised by a CPA.

CPA Exam Sections

  • Auditing and Attestation
  • Business Environment and Concepts
  • Financial Accounting and Reporting
  • Regulation

Duties of an Accountant

The duties of an accountant can vary depending on the type of accounting job you have. If you are an auditor, you may spend most of your time looking over other peoples' numbers to see if they are correct. If you happen to be a government accountant, you could be someone who tries to find fraud or other unethical activities within a company. Also you may become an average accountant for a company and record source documents, making sure your company is running smoothly.

Personal Reaction

I believe that accounting is a good career to go into because it is something that people and businesses will always need. It is also a career that is considered stable and it has a good salary. It is a job for someone that doesn't mind having a somewhat repeditive schedule. Depending on what kind of accountant you want to be, you can get a degree in many different kinds of accounting, giving you some variety on what the job would be. Overall accounting is a good, stable, and well paying career choice.