5 Great Internships for Accounting Majors
By: Accounts NextGen
Choosing the correct accounting internship exposes you in a company environment to real accounting operations. The Labor Department predicts that employment in accounting and auditing will rise at a higher pace than in other professions.
Ø · Nonprofit Accounting Internship
Most nonprofit organizations work with minimal funds, and many depend on interns to conduct necessary business functions. It means that you are going to have real experiences and learning opportunities.
Being an accounting intern for a nonprofit agency, whether paid or for credit only, will significantly improve your knowledge of accounting and internal control procedures while still providing the organization with much-needed resources.
Ø · Tax Accounting Internship
Interns can find a significant range of internships for students interested in personal and business tax accounting. They vary from wealth management businesses working with private customers to large corporations' accounting departments. The internal tax accountant can review the tax code and case law, complete tax returns, or work in an accounting office as a generalist.
Within this sector, specializations include income tax, foreign investment, and compliance. For this form of an internship, exposure to accounting and tax-related software is a significant plus.
Ø · Government Accounting Internship
There are also robust accounting departments for federal, state, and local governments. Government accounting works with rules and laws specific to the use of taxpayer dollars and fiscal responsibility, comparable to nonprofit accounting. Students can find accounting internships in projects or divisions in the official accounting office, or they can be found. Offices working on grants and contracts also have their accounting and compliance areas that can include internships opportunities. Exposure to government accounting procedures and values that a government accounting internship would accomplish will allow the student better to understand the levels of government and complex operations.
Ø · Corporate Accounting Internship
Professionals in corporate accounting are responsible for preparing, executing, and reporting an entity's fiscal plan. Interns can be subjected to long-term scheduling or day-to-day activities.
They may be asked to do items such as study or create acquisition-