Accounting can be separated into 4 categories which include corporate, public, government, and forensic accounting and within those categories there are a variety of accountant types.
The Oakley Group Team consists of management and financial accountants that work primarily with corporate businesses. Management accountants maintain companies’ financial systems year-round by identifying, tracking, interpreting, and communicating financial information to senior management. We analyze data within the company to forecast cash flows, creating budgets and evaluating the rate of return for short and long-term projects. Our team manages other areas including accounts payable and receivable by recording financial transactions, correcting disparities and reconciling accounts.
CPA’s are Certified Public Accountants and their primary role is to ensure that businesses and individuals adhere to generally accepted accounting principles (GAAP) which are accounting standards, procedures and tenets established by the FASB (Financial Accounting Standards Board). CPA’s have a variety of skills and tools to perform duties from tax preparation to financial planning to internal auditing.
Other accountant types include Chartered accountant, Auditor, Government accountant, Forensic accountant, Tax examiner, Project accountant, Financial adviser, Investment accountant, Cost accountant and many more!
Keep this in mind when considering which type of accounting firm you are engaging with for your financial decisions and planning!