What is Economics and Accounting?
Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
Occupations that require knowledge of Economics and Accounting
Teach courses in economics. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical da…
Conduct quantitative analyses of information affecting investment programs of public or private institutions.
Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
Buy and sell securities in investment and trading firms and develop and implement financial plans for individuals, businesses, and organizations.
Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports.
Prepare tax returns for individuals or small businesses.
Compose letters or electronic correspondence in reply to requests for merchandise, damage claims, credit and other information, delinquent accounts, incorrect billings, or unsatisfactory services. Duties may include gathering data…
Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates requir…
Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.
Determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. Plan, direct, or coordinate operati…
Analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.
Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing offi…
Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
Plan, direct, or coordinate medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations.