Tax accountants prepare corporate and personal income tax statements and formulate tax strategies involving issues such as financial choice, how to best treat a merger or acquisition, deferral of taxes, when to expense items and the like. This work requires a thorough understanding of economics and the tax code. Increasingly, large corporations are looking for persons with both an accounting and a legal background in tax.

etting a bachelor’s degree tests are usually taken to become Certified Public Accountants (CPA) or Chartered Management Accountant (CMA). The field is normally divided into three broad areas: auditing, financial/tax and management accounting.

Government accountants may work at the local/state level or the federal level and administer and formulate budgets, track costs and analyze programs. This obviously has the advantages of government work and it can have high impact on the public good but can also get political and is subject to bureaucratic obstruction. Government accounting offers advancement in most organizations to controller and possibly to higher administrative positions. Places that hire heavily at the federal level include the Department of Defense, the General Accounting Office, and the Internal Revenue Service.

The majority of all accountants work in four different types of environments. Pubic Accountants work in Public Accounting firms. They provide accounting services to individuals, businesses and governments. The largest, high profile public accounting firms are known as the Big Six and dominate the field of accounting. One can expect to work their way up the ranks from junior staff accountant to senior staff accountant to manager or senior manager and possibly to partner. Generally partner is reached by only about two to three percent.

Financial accountants prepare financial statements based on general ledgers and participate in important financial decisions involving mergers & acquisitions, benefits planning and long-term financial projections. The work can be varied over time. One day you may be running spreadsheets. The next day you may be visiting a customer or supplier to set up a new account and discuss business. This work requires a good understanding of both accounting and finance.

It is also expected that there will be an increase in the opportunities available for accountants to give business advisory services. As one report says, "Because they were knowledgeable about the tracking and control of c

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