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Asked by christopher Neville on May 11, 2024

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Identify several opportunities in accounting and distinguish between private accounting and public accounting.

Opportunities in Accounting

The various career paths and growth prospects available within the field of accounting.

Private Accounting

A field of accounting that involves working within a company to process financial transactions, manage financial records, and prepare internal financial reports.

Public Accounting

The field of accounting that involves providing assurance, tax, and consulting services to the public, typically performed by certified public accountants (CPAs).

  • Recognize the stakeholders in accounting data and comprehend the diverse objectives for its utilization.
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Ronnice MooreMay 17, 2024
Final Answer :
The four broad areas of accounting are financial accounting,managerial accounting,taxation and other accounting related employment.The majority of the employment opportunities are in private accounting where employees work for businesses.Private sector jobs would include general accounting,taxation,budgeting,and cost accounting activities.Public accounting offers opportunities to perform work such as auditing,tax services,and consulting.

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