Tuesday, October 07, 2008
What’s it like to be an…Accountant?
My job title is: Senior Tax Analyst
What does a normal day look like? Is it consistent throughout the year? If youíve had this position for a while, how have things changed?
Itís hard to describe a normal day because every day is different. I rarely have consecutive days where Iím working on the same thing. There are constant interruptions, new projects, research items, etc. that arise on a daily basis. My general responsibilities include reviewing complex and specialized federal and state tax returns, researching various tax issues, preparing technical memorandums, identifying tax planning opportunities, and staying current on new corporate tax law and regulations. Because my company is publicly traded, we are required to issue quarterly financial statements which involve quarterly computations of our effective rate and deferred tax assets and liabilities. My company also owns over 80 domestic and international subsidiaries that are part of our consolidated financials so I work closely with the controllers regarding tax compliance and proper reporting of tax related items on their financial statements. Virtually every transaction results in a tax impact so there is never a shortage of work or opportunities to learn. .