In May 2017, the median annual wage for all workers was 37,690.Accountants and auditors seek certifications from a variety of professional societies.

However, it is less common for management accountants or internal auditors to move into public accounting.Based on Joe's business plan, Marilyn sees that there will likely be thousands of transactions each year.

In this explanation of accounting basics, and throughout all of the free materials and the PRO materialswe will often omit some accounting details and complexities in order to present clear and concise explanations.Some become controllers, treasurers, financial vice presidents, chief financial officers, or corporation presidents.They generally specialize in a particular product or industry.