So, you intend to be an accountant. You want to know how you may get involved in your chosen career path. And it would be of great interest to know what it takes to be an accountant. Also, you would like to know the scopes in accounting career.
First and foremost, you need to consider whether or not the accounting career suits best to your interest. Also, you must have special aptitude and interest in numbers, because a major part of your job will involve you in dealing with numbers.
As regards your computer skills, they are a necessary part of your career. A reasonable knowledge and understanding of various accounting software packages will be a plus point in finding a better job and continuing with an accounting career.
Besides, oral and written communication is of great value and significance for a successful accountant, as there are situations that call for both oral and written communication. If you are comfortable on both, you can deal with such situations smoothly and efficiently.
These are a few requirements to become an accountant that may be easily fulfilled. Now, let us discuss how you can proceed in your career in terms of your education.
Usually, a minimum required education to be an accountant is a bachelor degree in accounting or a bachelor degree in business field with related accounting and finance subjects or courses. Some organizations may also prefer Master degree in the concerned field for the same job.
A good way is to complete your graduation and be employed first, as there are firms that hire even fresh graduates.
All that you need to do is to gain more experience in addition to your bachelor degree that you have possessed in the field.
You can also prefer to go for part time jobs or internship while you are studying. Working as an unpaid assistant in an organization to gain experience is not a bad idea as well. While working, you can continue your Master degree in the same area if you are interested to enhance your education. In this way, you will have got a better job with brighter scopes in your chosen career.
Considering a career move or development is not uncommon once you are employed. You would like to expand your career and be interested in better prospects. Accounting and finance field has various scopes. You may be promoted to Senior Accountant, Accounts Supervisor or you will be working in the capacity of Financial Analyst or Financial Manager on the basis of required experience while pursuing higher education or professional certification, such as, CPA or CMA.
Remember that it is not just the degree that paves you the ways for development. It is the experience that can lead you to be a successful accountant while providing more opportunities in terms of your career development.
Microsoft Excel is a valuable tool in the hands of Accounting and Finance professionals. It offers a wide range of benefits from preparing Journals or Ledgers to preparing Financial Statements: Income statement, Balance sheet and Cash Flow statement.
Individual Voluntary Arrangement or IVA, was introduced by the Government with the idea of allowing the creditors to recover more money from the debtors than they could have recovered in case of bankruptcy. The debtors need to understand the differences between both IVA and bankruptcy in order to make their choice.
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