I have a bachelors degree in Electrical engineering and I want to transition my job to accounting. I appreciate if anyone can tell me what are my options, where should I start, any books, online tutorials and resources. I have some knowledge of what is AR, AP and General Ledger.
A CPA designation will require a lot of work to attain. Getting paid any meaningful $$$$ in the Accounting field usually comes to a person who has their CPA degree and then after several years of working in the Accounting field, has aquired in-depth knowledge in a field of Accounting that is highly prized by large businesses, eg., Taxation, Forensic Auditing, etc.. If you are making reasonable $$$ in the Electrical Engineering field now, I think you would be several years catching up to the same income level in the Accounting field. At the lower levels of Accounting expertise, their are too many people chasing the available opportunities. It is a big switch. Try to talk with some senior Accounting people who can give you an honest evaluation of entering the Accounting field.
Have you done anything to determine if you will like accounting any better than electrical engineering?
There are some similarities between the two fields. One of those similarities is that they are both detail oriented. So, if you can see where I'm going with this, if you didn't like engineering because of it's detail oriented nature... then you won't like accounting much better either.
Before making a switch, I'd suggest going somewhere that can administer the Myers-Briggs personality test. Then based on those results and your Myers-Briggs personality type pick up a copy of "Do What You Are" by Paul D. Tieger and Barbara Barron-Tieger and read the section under your personality type to gain a better understanding of yourself and the general career areas your personality type may do well in.
thousands of people have made millions of dollars becoming eBay powersellers without any prior business experience. also, thousands of immigrants start family businesses that make them millionaires without any prior business education or even knowledge of the english langauge. only accountants believe you have to pass 9 certification tests and get
5 years of grunt experience before you can tie your shoes! but I have news for you: the world is built by entrepreneurs who do not have certifications and CPAs.
I see you bought into the bill of goods sold to you by accounting firms that you need N years of experience. The big firms sell this "experience" idea so they can get cheap labor for young eager employees willing to work cheap to gain this nebulous "experience."
Jeeeesshhh, And just when I was thinking that most of the unqualified practising millionaire accountants were coming straight out of Nigeria and running Enron and the like. I was nearly on the point of making a frightful mistake.
here's an interesting fact: 83% of people who take the Myers-Briggs test find that they should either be a teacher or a psychologist.
Why do many? Because only teachers and shrinks are interested in taking a test to determine what they want from life. Others know without having to take a test to tell them, hahahaha!
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.