Myth about Accounting
Accounting is the measurement, processing and communication of financial information.
1. Accounting is about math
You know who s good at math? Mathematicians. Oh and engineers and computer programmers. Accountants are forced to work within regulatory guidance and act as lawyers more often than they are practicing math nerds. They re essentially lawyers who use numbers. While being good at addition, subtraction and basic algebra is a prerequisite for accounting (and life overall), not all accountants are good at math.
2. Technology is Eating Up the Accounting Profession
Technology is certainly adding another layer of complexity to the life of accountants, but it will be a long time before technology totally eliminates the need for their positions. Public accounting firms hired a record number of college grads in 2012 (40,350) and expect those numbers to remain constant or even go up. Not to mention you see accounting on most in demand careers lists that float around the internet.
3. Accountants are introverted or boring
Even a tax accountant has to be a people person have to work with clients, employees, vendors, client s customers, etc take accounting and turn it into understandable language for my clients who range from Funeral Homes to Hair Stylists. I get to teach them how their numbers can tell them the stories they need to hear and what their futures may hold.
4. An Accountant will cost me an arm and a leg
My colleagues and friends in college were awesome and we were all accounting students. We went out for drinks, went dancing at clubs, went to the lake swimming and skiing, worked out at local gyms, etc.
5. Accountant equal Tax Preparer or IRS Agent
The true definition of an accountant is one who has a degree in Accounting. Yes, I prepared taxes right out of college when I worked for a public CPA firm, but the only reason that I was required to do such was because the partner I worked for had a few tax clients. Mainly, I audited companies. This does not mean a tax audit. This means that I went in, looked at their books and spot checked for accuracy. After this, we would give them a report on needed improvements and areas that looked good. This is a very brief summary of a company audit.
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