Government Accounting
1) Report about different careers:
A. GOVERNMENT ACCOUNTANT A government accountant helps the federal government, as well as state and local agencies - record and prepares financial reports in accordance with government accounting principles and professional standards. An accounting specialist also aids federal authorities in evaluating budget data, estimating revenue and expense levels, and adjusting social programs.
Based on theories: Advantages: * Challenging, Rewarding and Fulfilling Work * Excellent Benefits * Job Availability and Demand * Competitive Salaries * Career Progression Disadvantage: * Without solid government accounting experience, it’s almost impossible to progress to a senior management level. B. GOVERNMENT AUDITOR Government accountants and auditors maintain financial records for government agencies, and audit businesses in the private sector that are subject to government taxation or regulation. They make sure revenues due to Federal, State, and local governments are received. They also ensure expenditures are made in accordance with laws and regulations. Some are employed by the Federal government and work for the Internal Revenue Service. Others work in the government areas of financial management, financial institutions examination, or budget analysis and administrations.
Based on interview: Advantages: * “You can all day from 8 am - 5 am of work and no night shifts for me so I can have enough rest to start on the next day; On weekends I am OFF that's why I can be able to spend more time with my family and salary wise, very much enough to provide my family what they need.” – Mrs. Vitto, (Government Auditor, COA) Disadvantages: * “Of course there are times that we have to be shuffled from different places and we didn't have any choice but to agree to where they want us to be, it is an disadvantage because we have to adapt again
A. GOVERNMENT ACCOUNTANT A government accountant helps the federal government, as well as state and local agencies - record and prepares financial reports in accordance with government accounting principles and professional standards. An accounting specialist also aids federal authorities in evaluating budget data, estimating revenue and expense levels, and adjusting social programs.
Based on theories: Advantages: * Challenging, Rewarding and Fulfilling Work * Excellent Benefits * Job Availability and Demand * Competitive Salaries * Career Progression Disadvantage: * Without solid government accounting experience, it’s almost impossible to progress to a senior management level. B. GOVERNMENT AUDITOR Government accountants and auditors maintain financial records for government agencies, and audit businesses in the private sector that are subject to government taxation or regulation. They make sure revenues due to Federal, State, and local governments are received. They also ensure expenditures are made in accordance with laws and regulations. Some are employed by the Federal government and work for the Internal Revenue Service. Others work in the government areas of financial management, financial institutions examination, or budget analysis and administrations.
Based on interview: Advantages: * “You can all day from 8 am - 5 am of work and no night shifts for me so I can have enough rest to start on the next day; On weekends I am OFF that's why I can be able to spend more time with my family and salary wise, very much enough to provide my family what they need.” – Mrs. Vitto, (Government Auditor, COA) Disadvantages: * “Of course there are times that we have to be shuffled from different places and we didn't have any choice but to agree to where they want us to be, it is an disadvantage because we have to adapt again