It is an undisputable fact that accounts course is your gateway ticket to big corporate and accountancy is a rapidly growing field compared to other industries. Thousands of candidates are passionate about the rapidly growing field of accountancy. An advanced accounts course will help an aspirant to land in his dream job. Accountants play a pivotal role in the contemporary corporate landscape. As they have skills in decision making and strategic planning of a company. Accountancy has become a bright and lucrative position today. Scores of aspirants are looking forward to pursue a star-studded career in accountancy. Industry oriented accounting courses make use of simulated learning coupled with computerized training.
It has been pointed out that industry-oriented accounting courses modernize accounting in an efficient manner. Both big and small companies all over the length and breadth of the globe utilize advanced accounting. It is a very well known fact that accounting is an elegant way to enter the financial sector of a business organization in the contemporary internet world. Reputed colleges and training institutes offer both short term and long term accounting courses. Modern day accounting comprises skills training and software based learning. Both of them pave the way towards good position in the accounting industry.
The Importance of Practical Accounting Experience
A professionally qualified accountant works as accounting clerk, tax consultant, and payroll clerk. Practical accounting experience will add immense value to the biodata of an accountant and it is ideal to pursue a software based accounting course. A professionally qualified accountant will be proficient in Advanced Excel, Tally ERP 9 and other accounting tools. An accountant will be an expert in Microsoft Office packages including Excel, Word, Access, and PowerPoint. Tools like Excel, Word, Access and PowerPoint help an accountant work with real life finance.
Knowledge in accountancy will be beneficial for people looking to start new business and all corporate, public companies, private companies and NGOs need accountants. Training and placement supported accounting will be highly beneficial for accountants passionate about building a career empire on their own. Advanced accounting skills will help a professional to get a job overseas and a typical accountant will have completed courses like B.Com, CIA(Certified Industrial Accounting), and Tally ERP 9. A qualified accountant will be skilled in managing and organizing finances. Professionals who don’t have the time to get a three year college course on accounting can pursue CIA(Certified Industrial Accounting) course.
Accounting Career is Always in Demand
Short term, long term, offline, online and placement assured Certified Industrial Accounting courses are available. Top rated companies and Multi National Corporations are looking for CIA qualified accountants. CIA courses cover business acumen, organizational skills, SAP, business communication, technical analysis, IT proficiency, problem solving skills and taxation. It is now the perfect time to pursue a glorious and glamorous career in accounting and accounting is always in demand just like hot cakes. A software based accounting program features courses in macroeconomics, corporate finance, Excel, banking, finance, management and supervisory skills.
A successful accounting professional will be equipped with marketable skills, managing finances and organizing finances. Employers will benefit from candidates skilled in macroeconomics, corporate finance, Excel, banking, finance, management, and supervisory skills. Also, a qualified accountant will get jobs including accounting consultant, Tally expert, financial planner, banking specialist and fund manager. It is clear beyond any doubt of dispute that accounting is a satisfactory profession in the contemporary era. Accounting careers will be there as long as business and money exist. Good accountants are in need all over the globe and it is a fact that accounting profession will never lose significance.
Accountant Career Growth
There will be a steady growth for the accountant over his profession and experience affects accountant salaries. Entry level accountants are appointed as record keepers. The job responsibilities of an entry level accountant include checking calculations, maintaining calculations, creating sales reports, creating cash flow reports, administering payrolls, preparing balance sheets, carrying out billing activity, and managing budgets. A mid to senior level accountant will have to file taxes or go through historical reports to create turnover forecasts. An accounting professional should monitor whether office personnel are adhering to company policies and statutes.
An accountant needs the right amount of accuracy, detail and illustration in order to prepare management reports. Commerce graduates with a diploma or certification in specialized accounting practices can start working as an accountant. GST and tax compliance, industrial accounting, financial accounting, cost accounting, auditing, business computer application software like SAP, Tally, CA, CS and CPA belong to the list of suitable certifications required in different organizations. Internship as an accountant is a great way to make an elegant entry into the colourful world of accounting. Knowledge of application software like Quickbooks, Tally or Microsoft Excel is mandatory for accounting professionals.
Accountant as a Self Starter
A typical accountant should be a self-starter since accounting work is seldom understood by solo entrepreneurs and small businesses. An accountant needs to work as a part of team and collaboration is an integral part of accountant skillset. Accountants of today require additional competencies because of the rapid expansion of digitization to each and every sphere of business. Accountants should choose SAP authorized training delivery partner and an accountant serves as finance manager, account manager, financial controller, charted accountant, and chief financial officer or finance director. Hence, more advanced courses in accounting will lead to leadership role in career and diligence and open mindedness are crucial to succeed as an accounting professional.
Career in Accounting
A career in accounting is a smart choice due to high salary and demand for qualified accounting professionals. The field of accounting is much larger and more diverse than we might think and accounting is undoubtedly a perfect career path. Also, there are lots of different fields of accounting that accountants can pursue each with its own specialization area. Almost all accounting careers available today require a basis of fundamental accounting skills. A CPA certified accountant can work at a public account firm and a public accountant can get experience in preparation of financial statements, review of financial statements, analyzing budgets, tax work and advice on financial issues.
A tax accountant focuses on tax related accounting work and he is engaged in preparing quarterly and annual tax returns for individuals and companies. The job responsibilities of forensic accountants include examining financial statement of companies, providing analysis for legal cases and investigating crimes like embezzlement or fraud. A financial accountant is entrusted with preparing reports that assess fiscal performance for stockholders, creditors and taxing agencies. The job responsibility of managerial accountant has obvious similarity with financial accountant. Managerial accountants prepare reports for internal review, helping business plan and improving performance.
Some accounting professionals work for financial planning firms and some of them work as independent financial consultants. A typical financial planner assists individuals with their finances including budgeting, taxes and investing. An accountant working as internal auditor ensures that resources are being used effectively, the company is in compliance with all federal requirements and funds are not mismanaged. A government accountant works in the public sector and they manage financial information for all levels of the government including local, state and federal. Government accountant mainly focus on the management of funds, whether it is being collected and spent according to appropriate laws.
Most accounting positions need the same general skillset which includes being analytical, being good with numbers, and being able to interpret data. According to career experts, each accounting career path requires different set of skills and training. Majority of the professional accounting jobs require a bachelors degree and sitting for the CPA will lead to increased job prospects and it requires a lot of time, resources and effort to pass the CPA. The field of accounting is challenging and exciting. The demand for accountants is huge due to taxes, audits and bookkeeping. Both private and public firms are perfect to start career as accounting professional. A master’s degree in finance opens the door for senior level positions in accounting profession.
A successful accounting graduate can work in areas like commercial real estate, corporate finance, commercial banking, portfolio analysis, investment banking and asset management. Thousands of jobs are available in the field of accounting and some accountants work as loan underwriters and cost accountants. Hence, expertise in accountancy, knowledge of finance, and monetary aspects will help a candidate to get job in foreign countries as an accountant.
Job positions like financial analyst, credit manager, cash manager, investment manager, investor relation manager, payroll manager, commercial lender, trust manager, private banker, investment banker, venture capitalist and hedge fund manager are available for deserving candidates in the accounting profession. Conventional accounting professionals work as risk manager, claims analyst and underwriting agent. Many accounting professionals pursue M.Com with specialization in accounting and finance. Accountants enroll in courses like ICWA, CA and ACS and number of candidates are pursuing computer accounting courses today.
Opportunities for Accountants in Small and Medium Sized Enterprises
Entry level accounting professionals do part time work in local accountancy firm. Also, ability to work with numbers and budgets will be helpful in career as accountant. Typical employers of accounting professionals include accountancy firms, building societies, banks, insurance companies, investment banks, management consultancies and public sector companies. Most promising graduates are appointed by large multinational accountancy firms. Also, there are lots of opportunities for accountants in small and medium sized enterprises. An accountant should have specialist knowledge of accountancy practices, commerce, industry and finance. Also, an accounting professional will develop general skills including knowledge of business organizations, awareness of business organizations, numerical skills, quantitative skills, problem solving ability, analytical ability, oral communication skills, written communication skills, ability to argue case and ability to negotiate.
Majority of the accounting graduates work as charted accountants and certified accountants. Lots of accountants work as bookkeepers, payroll managers and wage clerks. Accounting is a stable and growing job field. Every business needs an accountant or the services of a professional accounting firm. Besides, starting an accounting firm is a great way to grow in career and it has its own risks associated with it too. Working as an internal auditor is an excellent way to know the work of other departments. A career in internal auditing leads to many opportunities.
Management accountants make use of a combination of skills including accounting, management techniques, and business strategy. Hence, there are endless opportunities for management accountants. A career in management accounting leads to becoming a finance manager or finance director. Group accountants play a major role in some of the largest companies in the world. They ensure that the company is compliant with the right accounting procedures. The field of accounting is always in demand as it is the backbone of every business organization. Every industry needs accountants and it is one of the most respected professions in the world.
The Tail End
Accountants plays a very important role in every business and he is a crucial part of a business organization. An individual can pursue diploma courses, bachelor’s courses, master’s courses and doctorate level courses in accounting. Pursuing a career in accounting is really a smart move. Many accounting and finance firms are recruiting accounting students even before they graduate. Therefore, the competition will be strong for jobs with prestigious accounting firms in countries like USA and UK. Also, job applicants with a master’s degree in accounting will get an advantage in the job market.
Finprov provides various job-oriented accounting certifications courses that enhance your accounting skills and help build a promising career in accounting and finance industry. Finprov learning offers the best accounting certification courses in India. Join us and become a successful finance professional.